July 2020
BWC20091

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japan business intelligence and analytics software market bwc20091
Japan Business
Intelligence and Analytics Software Market Forecast and Trends
With a CAGR of
9.59%, Japan Business Intelligence and Analytics Software Market projected to
grow, in terms of value, over the 2019-2026 forecast period, to reach USD
1473.38 million by 2025.
The Japanese market for business intelligence and
analytics applications is one of the emerging markets for technology solutions
and services. The main advantage of the platform is that it improves overall
decision-making and enhances the quality of business analysis and reporting.
This creates new opportunities for businesses due to improved business
performance with the help of BI and analytics applications. It has helped the
overall market to grow in recent years and is projected to grow over the
forecast period from 2020-2026. Japan's economy is dominated by the BFSI, IT,
and manufacturing industries. Rising standards, innovations and automation have
led to a vast amount of data being made available to large enterprises. This
field uses analytics to achieve operational efficiency in the production of
goods. Business organizations are using predictive analytics to evaluate
consumer spending habits for better services and increased customer retention.
Computer manufacturers also use business intelligence and analytics to
anticipate hub breakdowns. Such advantages are expected to drive the adoption
of business intelligence and analytics applications across Japan.
Japan
Business Intelligence and Analytics Software Market Overview:
Business intelligence is the
processes, technology, and tools that help us turn data into information,
knowledge information, and knowledge into organizational guidance plans. Data
collection, storage, review and access tools to help business users make better
business decisions. Business analytics collects and analyzes data, uses
predictive analytics and produces richly visualized reports, helping to
recognize and resolve the weak points of an enterprise. This is where
similitudes end. Business analytics software is used to explore and evaluate
the current and historical data. This uses statistical analysis, data mining
and quantitative analysis to simultaneously classify past business patterns,
small developer teams emerged with enticing concepts, and some of the items
businesses still use today. Business intelligence software is a type of
software application designed for the collection, analysis, transformation and
reporting of business intelligence data. The programs generally read previously
stored data, often - but not always-in a data warehouse or data mart. Between
1970 and 1990, IBM and Siebel (currently acquired through oracle) developed the
first comprehensive business intelligence systems.
Growth drivers
extensive use of e-commerce and increase in
adoption of data-oriented business models
Increasing trend of comprehensive e-commerce
use and increasing the adoption of data-oriented business models by small,
medium, and large organizations primarily pushes data management demand
through. Business analytics Business intelligence. The Business Intelligence
approach allows organizations to execute strategic decisions in a way that
results in a successful change resulting in high-quality customer service.
Increasing use of data and business analytics applications, backed by ongoing
investment in business intelligence and resources, is also driving a high growth
in revenues.
Growing demand for cloud-based business solutions
According to IDC, in 2019, Japan is expected
to spend $7.4 trillion on public cloud services, placing them in the top five
countries worldwide consuming cloud services that contribute directly to
raising the market demand for business intelligence & analytics
applications. Key factors such as the commitment of the government to funding
cloud services and the rising investment in public and private ICT
infrastructure have placed Japan as a cloud-first country. Growing demand for
business intelligence & analytics tools and cloud-based business solutions
in the small and medium-sized business sector drive the market. Awareness
increasing for several benefits offered by business intelligence tools allows
companies to target their customers and improve user experience with a wide
reach. The data scalability is a prominent feature of software and applications
for business intelligence. Options like subscription, pay-per-use, and
pay-as-you-go, for example, are some of the popular strategies that help a
company scale up its data. In addition, a business intelligence program often
helps track the KPIs, which consists of a set of tools that use big data to
develop highly useful metrics for feedback assessment.
Restraints
Unavailability of
Highly Technical Workforce coupled with Risk Associated with business Failure
With the evolution in technology advancement,
the existing workforce faces difficulty to understand the outcome after process
automation which act as one of the major restraints for robotic process
automation in organizations. At times, Employees human workforce requires
training to interact with new software which normally takes both financial
aspects and time leading to increased usage of employer resources. Also,
breeding out too much intelligence from the automated system for business,
results in fiasco for technical workforce which faces difficulty to interpret
voluminous data for strategic development in the organizations. Business
intelligence & analytics software also incorporates certain impediments and
risk of business failure is one among them.
Japan Business
Intelligence and Analytics Software Market: Component
Based on Component, Business Intelligence and Analytics is divided into Software and Service. The software allows businesses to make informed decisions based on logical data that include market trends and customer buying patterns. For instance, data exists in a number of systems across the large organization, as they own CRM and ERP applications. The primary step for using BI is therefore to prepare an inventory of the data generated by the enterprise. In addition, it is expected that the growing adoption of end-use data analytics industries to analyze the data and make more informed business decisions would drive demand for the business intelligence & analytics software applications. Business intelligence is the ability to evaluate customer behavior and draw valuable insights from your results. Business intelligence & analytics software can help you assess risks, reduce costs and make better business decisions. Nevertheless, handling and analyzing the data stream that the company creates will easily consume your resources. Services will streamline the analytics process to help identify market efficiencies and derive value from the data— and enhance business intelligence software applications.
Japan Business Intelligence and
Analytics Software Market: Deployment Model
Based on Deployment Model, the Japan
Business Intelligence and Analytics Software market segmented into On Premise,
Cloud.
The demand for business intelligence
applications is segmented into on-premise & Cloud based on the delivery
model. Cloud and on-premise systems are ideally implemented based on
specifications and organizational needs. The growing demand and increasing
preference of organizations for various enterprise software and services as it
allows software to be customized according to the needs of the client. This is
expected to drive on-premise deployment demand over the forecast period. Small
and medium-sized companies are rapidly embracing cloud business intelligence
solutions due to its cost-effectiveness coupled with businesses ' ability to
focus on their core operations instead of handling their IT environment. These
factors are expected to further fuel cloud computing segment growth over the
forecast period. Cloud data analytics is introduced in various companies
because it provides scalable, elastic and cost-effective technology without the
need for internal infrastructure maintenance.
Japan Business Intelligence and
Analytics Software Market: Industry
BFSI is the leading end-user segment, with a large
share as compared to other segments. This dominance can be attributed to
increased deployment of BI and analytics software to allow constant access to
the secure transactions, client database, and enhanced customer experience.
Rising healthcare costs and the need to reduce expenses are key factors that
are expected to drive business intelligence and analytics software market
growth. Manufacturing is the leading segment that has seen significant changes
in recent years as a result of rising global competition, leading to the
eradication of traditional approaches and the emergence of data-oriented
structures.
Japan Business Intelligence and
Analytics Software Market: Organization Size
Based on organization size, the Japan
Business Intelligence and Analytics Software market segmented into large enterprise,
small & medium enterprise. Small and Medium enterprises segment is
dominating the market. BI and software collects customer data from different
online channels and allows SMEs to identify buyers and bring their products and
services to their target market. BI and analytics software allows small and
medium-sized enterprises to analyze their business data and to take decisions
to drive profitability and market growth. The main benefit of the software is
that it improves decision making overall and increases the efficiency of
business analysis and reporting. Advanced analytics and BI are highly
complementary, as advanced analytics can provide a deeper and more exploratory
perspective on the data. BI and analytics software is widely embraced by both large
and small and medium-sized businesses to improve internal as well as external
business processes.
Japan Business Intelligence and
Analytics Software Market: Competitive Landscape
The major market players in the Japan Business Intelligence and Analytics Software market are IBM, SAP, Dell, HP, Teradata, NTT Data, Le Grand, Finatext, Japan Business Intelligence and Analytics Software Corporation, and Other Prominent Players are expanding their presence in the market by implementing various innovations and technology.
Recent Developments:
Ø In August 2019, AirLife, a division of Air Methods, announced
the launch of a new base in Lumberton, North Carolina, located in the U.S. The
base is expected to provide service in emergency and traumatic situations.
Ø In February 2018, Babcock Scandinavian Air Ambulance (BSAA)
launched the AW169 Japan Business Intelligence and Analytics Software. These Japan
Business Intelligence and Analytics Softwares are used for emergency medical
service (EMS) duty in the Nordic countries.
The objective of the Study:
Ø To analyze and forecast the Japan Business Intelligence and
Analytics Software market size of the market, in terms of value.
Ø To examine the careful market segmentation and forecast the
market size, in terms value, based on the region by segmenting the Japan
Business Intelligence and Analytics Software market into five regions, namely, North America, Europe, Asia Pacific, Middle
East, Latin America and their leading countries.
Ø To outline, categorized and forecast the Japan Business
Intelligence and Analytics Software market based on the service, Deployment
Model, industry, organization size, and region.
Ø To examine competitive developments like technological
advancement, services, and regulative framework within the Japan Business
Intelligence and Analytics Software market.
Ø To highlight the impact analysis of the factors, affecting the
market dynamics such as drivers, restraints, opportunities, and challenges.
Ø To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Scope of the Report
By Component
Ø
Software
Ø
Services
ü
Managed
Services
ü
Professional
Services
By Deployment Model
Ø
On Premise
Ø
Cloud
By Industry
Ø
Healthcare
Ø
BFSI
Ø
Media and
entertainment,
Ø
Energy and Power
Ø
Others
By Organization Size
Ø
Large
Enterprises
Ø
Small and
Medium-Sized Enterprises
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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