Japan Business Intelligence and Analytics Software Market Size, By Platform (Business Intelligence (Bi) Platform, Advanced and Predictive Analytics, Analytics Application, Content Analytics, Corporate Performance Management (CPM) Suite), By Deployment Model (On Premise, Cloud), By Industry (Healthcare, BFSI, Media and entertainment, Energy and Power, Others), By Organization Size (large enterprise, small & medium enterprise), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: July 2020
- Report ID: BWC20091
- Available Format: PDF
- Page: 121
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.
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.
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.
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
ü Managed Services
ü Professional Services
By Deployment Model
Ø On Premise
Ø Media and entertainment,
Ø Energy and Power
By Organization Size
Ø Large Enterprises
Ø Small and Medium-Sized Enterprises
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