Business Intelligence and Analytics Platforms Market Analysis Evaluates the impact of Increasing Use of Smart Connected Devices during 2020-2024, Says Technavio

• Rising at a compound annual growth rate (CAGR) of 10% , the market is estimated to have an incremental growth of $ 12.62 bn by 2024. Download Free Sample Report

• The North America region is expected to have a market share of 36%.

• Rising data privacy and security concerns and an increasing threat from open-source business analytics vendors are expected to hinder the growth of the market.

The business intelligence (BI) and analytics platforms market is likely to experience steady growth because of the rising need to improve business efficiency and the increasing use of smart connected devices. Rising at a compound annual growth rate (CAGR) of 10% , the market is estimated to have an incremental growth of $12.62 bn by 2024. Download Free Sample Report

As per a Technavio analyst, the growing popularity of medical tourism industry is one of the variously emerging trends which is expected to boost the growth of the business intelligence (BI) and analytics platforms market The North America region is expected to have a market share of 36%. This growth can be attributed to the abundance of data across the exponentially growing healthcare sector, particularly in the US.

Rising data privacy and security concerns and an increasing threat from open-source business analytics vendors are expected to hinder the growth of the market. However, the rising demand for data integration and visual analytics will have a positive impact on the business intelligence (BI) and analytics platforms market during the forecast period.

For more information, please visit www.technavio.com