Information Technology

Frost Radar™: Global Business Intelligence Platforms Market, 2020

Benchmarking Future Growth Potential


RELEASE DATE
19-Jun-2020
REGION
Global
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
PACC-01-00-00-00
SKU
IT04138-GL-MR_24501
Yes
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Frost Radar™: Global Business Intelligence Platforms Market, 2020
Published on: 19-Jun-2020 | SKU: IT04138-GL-MR_24501

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Business Intelligence (BI) is evolving as a vital tool for enterprises to gain real-time insights on business performance. Technology evolution drives the development of innovative applications, fueling informed business decision making. With the steep rise in data volume obtained from various sources, whether structured or unstructured, enterprises are progressively focusing on emerging technologies to enhance BI's data processing and visualization capabilities. Exponentially increasing the use of technologies such as artificial intelligence, machine learning, deep learning, and cloud computing is spurring innovative BI tools that can process data in real time for valuable insights.

BI trends are gradually shifting from complex on-premise data storage and intelligence models to cloud-based, on-demand, and flexible offerings. For example, the demand for mobile BI solutions is on the rise. Data representation approaches are also changing to offer enriched data interactivity and an enhanced end-user experience. Instead of traditional brick-and-mortar BI approaches such as spreadsheets, modern BI platforms offer feature-rich data visualization to better understand data relationships.

The report titled “Frost Radar™: Global Business Intelligence Platforms Market, 2020” plots the market leaders for growth, innovation, or both and who has been instrumental in advancing the industry into the future. These companies have demonstrated high growth potential, best practices, competitive intensity, customer value, and partner potential. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores, as highlighted in the Frost Radar methodology.

The BI space is crowded, though only 10 companies are reported in this Frost Radar. Key vendors highlighted are Microsoft, Tableau, Salesforce, Qlik, SAP, Looker, IBM, Oracle, SAS, and MicroStrategy.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their growth, innovation, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Key Issues Addressed

  • What does the global BI space look like?
  • Who are the top vendors for BI platforms?
  • Which are the companies that have demonstrated innovation excellence?
  • Which are the BI vendors who have shown higher growth than others?

Strategic Imperative

Growth Environment

Frost Radar™: Global Business Intelligence Platforms Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Microsoft

Tableau

Looker (Google)

SAP

Salesforce

Qlik

IBM

Oracle

SAS

MicroStrategy

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’S Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

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