Market Forecast By Component (Solutions , Services), By Business Function (Human Resource, Finance, Operations, Sales and Marketing), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Vertical (Retail, Manufacturing, Government and Public Services, Media and Entertainment, Transportation and Logistics, BFSI, Telecom and IT, Healthcare and Life Sciences) And Competitive Landscape
Product Code: ETC4396953 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
Report Name | Bangladesh Business Intelligence Market |
Forecast period | 2025-2031 |
CAGR | 9.5% |
Growing Sector | BFSI (Banking, Financial Services, and Insurance) |
Bangladesh Business Intelligence Market Report thoroughly covers the market by Component, by Business Function, by Deployment Mode, by Organization Size and by Vertical. The Bangladesh Business Intelligence Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Business Intelligence Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh Business Intelligence Market is expected to grow more in the future. This growth can be attributed to the increasing adoption of cloud-based solutions. Along with this the advancement in technology, growing e-commerce sector, rising demand for advanced analytics and the government initiatives also leads to the growth of the market. The growing emphasis on user-friendly BI software with customizable dashboards and reports, making it easier for non-technical users to leverage business intelligence.
According to 6Wresearch, Bangladesh Business Intelligence Market is projected to rise at a CAGR of 9.5% during the period of 2025-2031. The digital transformation initiatives across various industries. Organizations are recognizing the importance of data-driven decision-making to stay competitive and responsive in the fast-evolving business landscape. The surge in the volume of data generated by businesses, coupled with an increasing awareness of the benefits of BI tools in terms of operational efficiency, customer insights, and strategic planning, acts as a critical driver for the market. Additionally, the growing startup ecosystem and SME sector in Bangladesh are rapidly adopting BI solutions to leverage analytics for growth and scalability. On a positive note, the BI market in Bangladesh is characterized by several emerging trends that promise to address some of these challenges and drive further adoption. There is an increasing shift towards cloud-based BI solutions, offering scalability, cost-efficiency, and the ability to access insights remotely, crucial in the post-pandemic work environment. Artificial Intelligence (AI) and Machine Learning (ML) are being integrated into BI tools, enhancing the capability to process and analyze large datasets more accurately and providing predictive insights is estimated to drive the Bangladesh Business Intelligence Market growth.
Some Key Players in the Bangladesh Business Intelligence Market include names like IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Tableau Software LLC. These companies have a strong presence in the country's business intelligence solutions industry, and they offer a wide range of business intelligence solutions to the businesses.
The government initiatives such as Digital Bangladesh Vision which aims to transform Bangladesh into a knowledge-based digital society, promoting digitalization in all sectors including business intelligence leads to the growth of the market. Additionally, National ICT Policy which encourages the use of IT and data-driven decision making in different sectors, creates a favourable environment for the growth of the BI market. Furthermore, the government has established a fund to support and encourage startups and innovative ideas in the field of information technology, which includes BI solutions fuels the growth of the Bangladesh Business Intelligence Market.
Bangladesh Business Intelligence industry is witnessing significant growth which can be attributed to the increasing adoption of cloud-based solutions. Along with this the advancement in technology, growing e-commerce sector, rising demand for advanced analytics and the government initiatives such as Digital Bangladesh Vision which aims to transform Bangladesh into a knowledge-based digital society, promoting digitalization in all sectors including business intelligence will lead to the growth of the Bangladesh Business Intelligence Market in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the services segment is the dominant segment in the industry due to the high demand for skilled consultants and experts who can help businesses implement and utilize BI solutions efficiently. Moreover, many organizations lack in-house expertise in handling complex data analytics tools and require external support which is provided by experts.
Based on the deployment mode, the cloud segment is the dominant segment in the industry and will grow in the coming years due to the increasing adoption of cloud technologies, favourable government initiatives towards digital transformation, and the rise of data-driven decision-making.
Based on Organization Size, the SMEs segment is the dominant segment in the industry and will grow in the coming years due to the increasing availability of affordable and user-friendly BI tools specifically designed for small businesses.
Based on Vertical, the BFSI (Banking, Financial Services, and Insurance) segment is the dominant segment in the industry and will grow in the coming years due to the growing number of banks and financial institutions in the country, which are actively investing in BI tools to gain a competitive edge.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Business Intelligence Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Business Intelligence Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Business Intelligence Market - Industry Life Cycle |
3.4 Bangladesh Business Intelligence Market - Porter's Five Forces |
3.5 Bangladesh Business Intelligence Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Bangladesh Business Intelligence Market Revenues & Volume Share, By Business Function , 2021 & 2031F |
3.7 Bangladesh Business Intelligence Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 Bangladesh Business Intelligence Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Bangladesh Business Intelligence Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
4 Bangladesh Business Intelligence Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Business Intelligence Market Trends |
6 Bangladesh Business Intelligence Market, By Types |
6.1 Bangladesh Business Intelligence Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Business Intelligence Market Revenues & Volume, By Component , 2021 - 2031F |
6.1.3 Bangladesh Business Intelligence Market Revenues & Volume, By Solutions , 2021 - 2031F |
6.1.4 Bangladesh Business Intelligence Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 Bangladesh Business Intelligence Market, By Business Function |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Business Intelligence Market Revenues & Volume, By Human Resource, 2021 - 2031F |
6.2.3 Bangladesh Business Intelligence Market Revenues & Volume, By Finance, 2021 - 2031F |
6.2.4 Bangladesh Business Intelligence Market Revenues & Volume, By Operations, 2021 - 2031F |
6.2.5 Bangladesh Business Intelligence Market Revenues & Volume, By Sales and Marketing, 2021 - 2031F |
6.3 Bangladesh Business Intelligence Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Business Intelligence Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.3.3 Bangladesh Business Intelligence Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.4 Bangladesh Business Intelligence Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Business Intelligence Market Revenues & Volume, By SMEs, 2021 - 2031F |
6.4.3 Bangladesh Business Intelligence Market Revenues & Volume, By Large Enterprises, 2021 - 2031F |
6.5 Bangladesh Business Intelligence Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Bangladesh Business Intelligence Market Revenues & Volume, By Retail, 2021 - 2031F |
6.5.3 Bangladesh Business Intelligence Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.4 Bangladesh Business Intelligence Market Revenues & Volume, By Government and Public Services, 2021 - 2031F |
6.5.5 Bangladesh Business Intelligence Market Revenues & Volume, By Media and Entertainment, 2021 - 2031F |
6.5.6 Bangladesh Business Intelligence Market Revenues & Volume, By Transportation and Logistics, 2021 - 2031F |
6.5.7 Bangladesh Business Intelligence Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.5.8 Bangladesh Business Intelligence Market Revenues & Volume, By Healthcare and Life Sciences, 2021 - 2031F |
6.5.9 Bangladesh Business Intelligence Market Revenues & Volume, By Healthcare and Life Sciences, 2021 - 2031F |
7 Bangladesh Business Intelligence Market Import-Export Trade Statistics |
7.1 Bangladesh Business Intelligence Market Export to Major Countries |
7.2 Bangladesh Business Intelligence Market Imports from Major Countries |
8 Bangladesh Business Intelligence Market Key Performance Indicators |
9 Bangladesh Business Intelligence Market - Opportunity Assessment |
9.1 Bangladesh Business Intelligence Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Bangladesh Business Intelligence Market Opportunity Assessment, By Business Function , 2021 & 2031F |
9.3 Bangladesh Business Intelligence Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 Bangladesh Business Intelligence Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Bangladesh Business Intelligence Market Opportunity Assessment, By Vertical , 2021 & 2031F |
10 Bangladesh Business Intelligence Market - Competitive Landscape |
10.1 Bangladesh Business Intelligence Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Business Intelligence Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |