IDC: China’s business intelligence software market is expected to reach US$1.33 billion by 2025

It is estimated that by 2025, the scale of China's business intelligence software market will reach 1.33 billion U.S. dollars, with a compound annual growth rate of 17.9% in the next five years.
According to news on July 8, according to IDC's recently released "China Business Intelligence Software Market Data Tracking Report in the Second Half of 2020", the scale of China's business intelligence software market in 2020 was US$580 million, a year-on-year increase of 17.1%. It is estimated that by 2025, the scale of China's business intelligence software market will reach 1.33 billion U.S. dollars, with a compound annual growth rate of 17.9% in the next five years.



IDC pointed out that Chinese companies are more inclined to choose the traditional deployment mode due to factors such as data security, industry supervision, and compliance requirements. China's public cloud business intelligence products have yet to be cultivated. With the deepening and expansion of enterprise cloud and data cloud access, it is expected that in 2-3 years, public cloud business intelligence products will begin to show widespread demand. IDC predicts that by 2025, China's public cloud business intelligence market will account for 24.9% of the overall market.
Wang Nan, senior analyst of IDC China’s enterprise software market, said: “As an important software product for mining and presenting the value of data, business intelligence software has become one of the necessary tools for the digital transformation of enterprises. IDC data shows that with cloud computing, mobile, IoT With the development of technologies such as, 5G, the amount of data created in the world in the next three years will exceed the total amount of data created in the past 30 years, and business intelligence software will usher in deeper and broader application scenarios."
In the era of big data, valuable data will be generated in any field. Enterprises need better and smarter technologies to analyze data and assist them in making better decisions. This also brings new opportunities for the development of business intelligence.