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Business Intelligence Software - Ireland

Ireland

Revenue in the Business Intelligence Software market is projected to reach US$59.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.82%, resulting in a market volume of US$74.72m by 2028.
The average Spend per Employee in the Business Intelligence Software market is projected to reach US$24.04 in 2024.
In global comparison, most revenue will be generated in the United States (US$13,790.00m in 2024).

Key regions: Germany, United States, Canada, South Korea, United Kingdom

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Analyst Opinion

The Business Intelligence Software market in Ireland has been experiencing a steady growth in recent years.

Customer preferences: Ireland's Business Intelligence Software market has been driven by the growing demand for data-driven decision making and the need for businesses to gain insights into their operations and customers. Customers in Ireland are increasingly looking for solutions that can provide them with real-time data and analytics, as well as the ability to integrate data from multiple sources.

Trends in the market: One of the major trends in the Business Intelligence Software market in Ireland is the increasing adoption of cloud-based solutions. Cloud-based solutions offer several advantages over traditional on-premise solutions, including lower costs, greater scalability, and easier integration with other systems.Another trend in the market is the growing importance of self-service analytics. Self-service analytics allows business users to access and analyze data without the need for IT support, enabling them to make faster and more informed decisions.

Local special circumstances: Ireland is home to several large technology companies, including Google, Facebook, and Microsoft. This has created a highly skilled workforce with expertise in data analytics and related fields, which has helped to drive the growth of the Business Intelligence Software market in the country.

Underlying macroeconomic factors: Ireland's strong economy and favorable business environment have also contributed to the growth of the Business Intelligence Software market. The country has a highly educated workforce, low corporate tax rates, and a supportive government that has invested in infrastructure and technology. Additionally, Ireland's membership in the European Union has made it an attractive location for companies looking to expand their operations in Europe.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.