2012 » most of the private organisations are adopting big data

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Global Social Business Intelligence Market Expected To Have An Industry Size And Share By 2016-2026

by smit510 · December 13 Aleix Garcia Manchester City Jersey , 2018

ResearchMoz presents professional and in-depth study of “Social Business Intelligence Market: BFSI Segment Expected to Emerge the Undisputed Leader by Vertical Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026”.


Social business intelligence refers to the management technique that merges groups to share data effectively in order to improve overall efficiency of operational processes. It offers better opportunities to employees for recognising customer demand through open management of product and resources. Social business intelligence also aids in improving various aspects of analysis, social media and analytics.


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Revenue generated from the deployment of social business intelligence solutions worldwide is estimated to be nearly US$ 17 Bn in 2017, and is projected to reach a market valuation of nearly US$ 29 Bn by 2026 Yaya Toure Jersey , reflecting a CAGR of 6% over the forecast period (2016-2026).


Increasing adoption of cloud-based technologies and growing usage of social media are the major drivers boosting revenue growth of the global social business intelligence market


Growing usage of social media is driving the demand for big data globally


Presently, most of the private organisations are adopting big data solutions to capture and store large amounts of unstructured data. Big data supports in managing unstructured data fully or partially from enterprise IT systems, CRM conversations and social media. Big data offers hadoop solutions Willy Caballero Jersey , which enable users to manage, store and analyse data across numerous resources efficiently. For instance, in September 2014 Wilfried Bony Jersey , Oracle launched business intelligence cloud service which aids to improve speed and decision making across organisations by lowering barriers. Moreover, big data solutions also offer secure, comprehensive information access with simplicity and cost effectiveness.


Security vulnerabilities is a big challenge hampering revenue growth of the global social business intelligence market


In social business intelligence systems Vincent Kompany Jersey , one of the main challenges faced by organisations while adopting cloud services is data security. With an increase in the demand for cloud-based services, most of the organisations are shifting their workloads to the cloud from on-premise systems. Security breaches and privacy concerns pertaining to sensitive data are big challenges faced by vendors offering cloud-based solutions.


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