The Europe Self-Service BI Market would witness market growth of 15.4% CAGR during the forecast period (2023-2030).
Cloud-based self-service BI solutions have become increasingly popular due to their scalability, flexibility, and accessibility. Many organizations are migrating their data and analytics to the cloud, and self-service BI tools are following suit. Integration capabilities are a crucial aspect of self-service BI. Users need tools that can connect to various data sources, including databases, spreadsheets, and cloud storage, to consolidate data for analysis. Self-service BI tools, like predictive analytics and machine learning integration, are evolving to offer more advanced analytics qualifications. This allows users to uncover deeper insights from their data.
Data security and governance are becoming essential concerns with the increased use of these tools. Vendors are enhancing their solutions to ensure data privacy and compliance with regulations like GDPR. Mobile access to self-service BI dashboards and reports is a growing trend, enabling users to access data insights on smartphones and tablets. Organizations invest in training and support for employees to use self-service BI tools effectively. This is crucial to ensure users could make the most of these solutions.
Self-service BI is gaining traction across European industries, including finance, healthcare, manufacturing, retail, and government. Vendors have the opportunity to cater to a wide range of sectors by offering industry-specific solutions and templates. Europe has stringent data protection regulations like the General Data Protection Regulation (GDPR). Self-service BI solutions that provide robust data privacy and compliance features, including data masking, encryption, and audit trails, are in high demand. These tools help organizations adhere to legal requirements while extracting insights from data. SMEs in Europe represent a significant market segment for self-service BI. Therefore, these aspects will lead the market expansion in the coming years.
The Germany market dominated the Europe Self-Service BI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,412.8 million by 2030. The UK market is exhibiting a CAGR of 14.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 16.3% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Services. Based on Deployment, the market is segmented into On-Premises, and Cloud. Based on Enterprise Type, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Application, the market is segmented into Fraud & Security Management, Sales & Marketing, Customer Engagement & Analysis, Supply Chain Management & Procurement, Operations Management, Risk & Compliance Management, and Predictive Asset Maintenance & Others. Based on Vertical, the market is segmented into BFSI, Manufacturing, Transportation, Energy & Utilities, IT & Telecom, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Self-Service BI Market will Hit $21.5 Billion by 2030, at a CAGR of 15.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Microsoft Corporation Oracle Corporation, IBM Corporation, SAP SE, ThoughtSpot, Inc., Zoho Corporation Pvt. Ltd., Domo, Inc., QlikTech International AB, MicroStrategy, Inc., Salesforce, Inc. (Tableau Software, LLC).
By Component
By Deployment
By Enterprise Type
By Application
By Vertical
By Country
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