Cloud BI Tools Market Strategies and Trends - 2031
The Cloud BI Tools Market is expected to register a CAGR of 14.3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Cloud Type (Public, Private, Hybrid); Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Cloud BI Tools Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cloud BI Tools Market Segmentation
Cloud Type- Public
- Private
- Hybrid
- Small and Medium Enterprises
- Large Enterprises
Strategic Insights
Cloud BI Tools Market Growth Drivers- Growing Data Volumes and Need for Analytics: The rapid increase in data generation across industries is driving the demand for Cloud Business Intelligence (BI) tools. As organizations seek to leverage this data for insights and competitive advantage, cloud-based BI tools provide scalable, cost-effective, and accessible analytics solutions. They enable businesses to process large datasets in real-time, offering valuable insights that enhance decision-making and improve operational efficiency.
- Shift Towards Cloud Adoption and Scalability: As businesses transition to the cloud for cost savings, flexibility, and scalability, cloud-based BI tools are becoming essential. These tools offer greater scalability and lower maintenance costs compared to traditional on-premise solutions. With organizations seeking faster, more efficient data analytics capabilities, cloud BI tools enable them to deploy, scale, and manage their BI infrastructure more effectively, meeting dynamic business needs.
- AI and Machine Learning Integration: A key trend in the Cloud BI tools market is the integration of Artificial Intelligence (AI) and Machine Learning (ML). These technologies are enhancing the capabilities of BI tools, enabling predictive analytics, automated insights, and smarter decision-making. With AI and ML, cloud BI solutions can identify trends, patterns, and anomalies in data more accurately, providing businesses with deeper, actionable insights for strategic planning.
- Self-Service BI for Non-Technical Users: Self-service BI is gaining traction, empowering business users without technical expertise to analyze data independently. Cloud-based BI tools are increasingly offering intuitive, user-friendly interfaces and visualization capabilities, allowing employees to create reports, dashboards, and conduct data analysis without relying on IT teams. This democratization of data is enabling faster decision-making and improving agility across organizations, especially in industries where time-sensitive data insights are critical.
- Expansion into Small and Medium-Sized Enterprises (SMEs): Cloud BI tools offer a significant growth opportunity for Small and Medium-Sized Enterprises (SMEs) that previously could not afford complex, on-premise BI solutions. Cloud BI platforms provide cost-effective, scalable solutions that help SMEs access advanced data analytics, improve decision-making, and compete with larger players. The increasing cloud adoption among SMEs is driving demand for affordable, easy-to-deploy, and flexible BI solutions.
- Emerging Market Adoption: As digital transformation accelerates in emerging markets, there is a growing opportunity for Cloud BI tools to meet the analytics needs of companies in regions like Asia-Pacific, Latin America, and Africa. As businesses in these markets embrace cloud technology and seek real-time data insights, they require cost-effective and scalable BI solutions. Tailoring offerings to local regulations, languages, and business practices can unlock new growth potential in these regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cloud BI Tools Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cloud BI Tools Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Integration with advanced technologies to play a significant role in the global cloud BI tools market in the coming years
Data-driven decision-making and scalability at a lower cost are the major factors driving the cloud BI tools market
The Cloud BI Tools Market is estimated to witness a CAGR of 14.3% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cloud BI Tools Market - By Cloud Type
1.3.2 Cloud BI Tools Market - By Organization Size
1.3.3 Cloud BI Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLOUD BI TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CLOUD BI TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CLOUD BI TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOUD BI TOOLS - GLOBAL MARKET OVERVIEW
6.2. CLOUD BI TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOUD BI TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - CLOUD TYPE
7.1. OVERVIEW
7.2. CLOUD TYPE MARKET FORECASTS AND ANALYSIS
7.3. PUBLIC
7.3.1. Overview
7.3.2. Public Market Forecast and Analysis
7.4. PRIVATE
7.4.1. Overview
7.4.2. Private Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
8. CLOUD BI TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM ENTERPRISES (SMES)
8.3.1. Overview
8.3.2. Small and Medium Enterprises (SMEs) Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. CLOUD BI TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cloud BI Tools Market Overview
9.1.2 North America Cloud BI Tools Market Forecasts and Analysis
9.1.3 North America Cloud BI Tools Market Forecasts and Analysis - By Cloud Type
9.1.4 North America Cloud BI Tools Market Forecasts and Analysis - By Organization Size
9.1.5 North America Cloud BI Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cloud BI Tools Market
9.1.5.1.1 United States Cloud BI Tools Market by Cloud Type
9.1.5.1.2 United States Cloud BI Tools Market by Organization Size
9.1.5.2 Canada Cloud BI Tools Market
9.1.5.2.1 Canada Cloud BI Tools Market by Cloud Type
9.1.5.2.2 Canada Cloud BI Tools Market by Organization Size
9.1.5.3 Mexico Cloud BI Tools Market
9.1.5.3.1 Mexico Cloud BI Tools Market by Cloud Type
9.1.5.3.2 Mexico Cloud BI Tools Market by Organization Size
9.2. EUROPE
9.2.1 Europe Cloud BI Tools Market Overview
9.2.2 Europe Cloud BI Tools Market Forecasts and Analysis
9.2.3 Europe Cloud BI Tools Market Forecasts and Analysis - By Cloud Type
9.2.4 Europe Cloud BI Tools Market Forecasts and Analysis - By Organization Size
9.2.5 Europe Cloud BI Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cloud BI Tools Market
9.2.5.1.1 Germany Cloud BI Tools Market by Cloud Type
9.2.5.1.2 Germany Cloud BI Tools Market by Organization Size
9.2.5.2 France Cloud BI Tools Market
9.2.5.2.1 France Cloud BI Tools Market by Cloud Type
9.2.5.2.2 France Cloud BI Tools Market by Organization Size
9.2.5.3 Italy Cloud BI Tools Market
9.2.5.3.1 Italy Cloud BI Tools Market by Cloud Type
9.2.5.3.2 Italy Cloud BI Tools Market by Organization Size
9.2.5.4 United Kingdom Cloud BI Tools Market
9.2.5.4.1 United Kingdom Cloud BI Tools Market by Cloud Type
9.2.5.4.2 United Kingdom Cloud BI Tools Market by Organization Size
9.2.5.5 Russia Cloud BI Tools Market
9.2.5.5.1 Russia Cloud BI Tools Market by Cloud Type
9.2.5.5.2 Russia Cloud BI Tools Market by Organization Size
9.2.5.6 Rest of Europe Cloud BI Tools Market
9.2.5.6.1 Rest of Europe Cloud BI Tools Market by Cloud Type
9.2.5.6.2 Rest of Europe Cloud BI Tools Market by Organization Size
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cloud BI Tools Market Overview
9.3.2 Asia-Pacific Cloud BI Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Cloud BI Tools Market Forecasts and Analysis - By Cloud Type
9.3.4 Asia-Pacific Cloud BI Tools Market Forecasts and Analysis - By Organization Size
9.3.5 Asia-Pacific Cloud BI Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cloud BI Tools Market
9.3.5.1.1 Australia Cloud BI Tools Market by Cloud Type
9.3.5.1.2 Australia Cloud BI Tools Market by Organization Size
9.3.5.2 China Cloud BI Tools Market
9.3.5.2.1 China Cloud BI Tools Market by Cloud Type
9.3.5.2.2 China Cloud BI Tools Market by Organization Size
9.3.5.3 India Cloud BI Tools Market
9.3.5.3.1 India Cloud BI Tools Market by Cloud Type
9.3.5.3.2 India Cloud BI Tools Market by Organization Size
9.3.5.4 Japan Cloud BI Tools Market
9.3.5.4.1 Japan Cloud BI Tools Market by Cloud Type
9.3.5.4.2 Japan Cloud BI Tools Market by Organization Size
9.3.5.5 South Korea Cloud BI Tools Market
9.3.5.5.1 South Korea Cloud BI Tools Market by Cloud Type
9.3.5.5.2 South Korea Cloud BI Tools Market by Organization Size
9.3.5.6 Rest of Asia-Pacific Cloud BI Tools Market
9.3.5.6.1 Rest of Asia-Pacific Cloud BI Tools Market by Cloud Type
9.3.5.6.2 Rest of Asia-Pacific Cloud BI Tools Market by Organization Size
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cloud BI Tools Market Overview
9.4.2 Middle East and Africa Cloud BI Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Cloud BI Tools Market Forecasts and Analysis - By Cloud Type
9.4.4 Middle East and Africa Cloud BI Tools Market Forecasts and Analysis - By Organization Size
9.4.5 Middle East and Africa Cloud BI Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cloud BI Tools Market
9.4.5.1.1 South Africa Cloud BI Tools Market by Cloud Type
9.4.5.1.2 South Africa Cloud BI Tools Market by Organization Size
9.4.5.2 Saudi Arabia Cloud BI Tools Market
9.4.5.2.1 Saudi Arabia Cloud BI Tools Market by Cloud Type
9.4.5.2.2 Saudi Arabia Cloud BI Tools Market by Organization Size
9.4.5.3 U.A.E Cloud BI Tools Market
9.4.5.3.1 U.A.E Cloud BI Tools Market by Cloud Type
9.4.5.3.2 U.A.E Cloud BI Tools Market by Organization Size
9.4.5.4 Rest of Middle East and Africa Cloud BI Tools Market
9.4.5.4.1 Rest of Middle East and Africa Cloud BI Tools Market by Cloud Type
9.4.5.4.2 Rest of Middle East and Africa Cloud BI Tools Market by Organization Size
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cloud BI Tools Market Overview
9.5.2 South and Central America Cloud BI Tools Market Forecasts and Analysis
9.5.3 South and Central America Cloud BI Tools Market Forecasts and Analysis - By Cloud Type
9.5.4 South and Central America Cloud BI Tools Market Forecasts and Analysis - By Organization Size
9.5.5 South and Central America Cloud BI Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cloud BI Tools Market
9.5.5.1.1 Brazil Cloud BI Tools Market by Cloud Type
9.5.5.1.2 Brazil Cloud BI Tools Market by Organization Size
9.5.5.2 Argentina Cloud BI Tools Market
9.5.5.2.1 Argentina Cloud BI Tools Market by Cloud Type
9.5.5.2.2 Argentina Cloud BI Tools Market by Organization Size
9.5.5.3 Rest of South and Central America Cloud BI Tools Market
9.5.5.3.1 Rest of South and Central America Cloud BI Tools Market by Cloud Type
9.5.5.3.2 Rest of South and Central America Cloud BI Tools Market by Organization Size
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CLOUD BI TOOLS MARKET, KEY COMPANY PROFILES
11.1. ZOHO CORPORATION PVT. LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CLUVIO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ANSWERDOCK
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOARD INTERNATIONAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IBM CORP.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SISENSE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INFOR.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DOMO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LOOKER
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CLICDATA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Zoho Corporation Pvt. Ltd.
2. Cluvio
3. Answerdock
4. BOARD International
5. IBM Corp.
6. Sisense
7. Infor.
8. Domo
9. Looker
10. ClicData
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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