# Social Business Intelligence Market to reach a valuation of US$29 Bn
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-01
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Social Business Intelligence Solutions Market Worth
Meta Description: Discover how top players like SAP, SAS Institute, and Microsoft are capitalising on social media tools to gain a competitive edge in various industries.
URL: https://financedigest.com/social-business-intelligence-market-to-reach-a-valuation-of-us29-bnhtml

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According to FMI, the global [**social business intelligence solutions market**](https://www.futuremarketinsights.com/reports/social-business-intelligence-market) worldwide is estimated to be worth US$ 17 Bn by 2017 end, vis-à-vis revenue from worldwide deployment. Rising at a CAGR of 6% from 2016 to 2026, the market and is predicted to reach a valuation of US$29 Bn by the end of 2026.

Some of the prominent players operating in the market are SAP SE, SAS Institute Inc., Logi Analytics, Inc., TIBCO Software, Inc., Alteryx Inc., MicroStrategy, Inc., Microsoft Corporation, Qlik Technologies, Inc., and Tableaue Software, Inc., notes [Future Market Insights](https://www.financedigest.com/dietary-supplements-market-is-anticipated-to-reach-a-valuation-of-us-350-96-billion-by-2032-future-market-insights-inc.html "Dietary Supplements Market is Anticipated to Reach a Valuation of US$ 350.96 Billion by 2032 | Future Market Insights Inc.") (FMI). A number of these players are focusing on [big data](https://www.financedigest.com/big-data-suggests-leicesters-football-success-could-usher-in-economic-boom.html "Big data suggests Leicester’s football success could usher in economic boom") applications emerging from various end-use industries, notably healthcare to consolidate their shares. They are exploring prospects in the development of [social media](https://www.financedigest.com/why-no-event-should-be-planned-without-a-social-media-strategy.html "Why No Event Should Be Planned Without a Social Media Strategy") tools and software. Several companies in the [market are substantially investment](https://www.financedigest.com/2018-property-investment-market-to-be-harder-but-more-rewarding-experts-reveal.html "2018 property investment market to be “harder but more rewarding,” experts reveal") in research and development aimed at wearable technologies based on social business intelligence to gain a competitive edge over others.

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The various end-use verticals for the social [business intelligence market](https://www.financedigest.com/9-ways-to-present-your-business-marketing-pitch.html "9 Ways to Present your Business Marketing Pitch") are BFSI, healthcare and life sciences, consumer goods and retail, travel and tourism, IT and telecommunication, media and entertainment, and government. Of these, the BFSI sector is the [leading segment as it held a major market](https://www.financedigest.com/two-wheeler-lead-acid-batteries-market-is-estimated-to-exhibit-a-healthy-6-cagr-from-2019-to-2029-to-reach-a-valuation-of-more-than-us-7-bn-by-the-end-of-2029.html "Two Wheeler Lead Acid Batteries Market is estimated to exhibit a healthy 6% CAGR from 2019 to 2029, to reach a valuation of more than US$ 7 Bn by the end of 2029") share of 20.2% of all the verticals in 2016. The segment is anticipated to retain its dominance throughout the assessment period. However, the travel and tourism segment is anticipated to [rise at higher](https://www.financedigest.com/renault-revenues-rise-30-in-q1-on-higher-sales-and-prices.html "Renault revenues rise 30% in Q1 on higher sales and prices") year-over-year growth from 2017 to 2026.

**Rising Ubiquity of [Social Media](https://www.financedigest.com/10-tips-to-help-with-your-social-media-customer-care.html "10 TIPS TO HELP WITH YOUR SOCIAL MEDIA CUSTOMER CARE") to Bolster Demand**

The growing demand for big data analytics tools for the analysis of [social media](https://www.financedigest.com/ai-and-social-media-are-revolutionizing-personal-finance-in-2023.html "AI and Social Media Are Revolutionizing Personal Finance in 2023"), coupled with the rising ubiquity of social networks world over, is a key factor driving the market. The pressing need for next-generation analytical data generation technologies and [management systems across modern](https://www.financedigest.com/5-tips-for-a-modern-manager.html "5 Tips For A Modern Manager") enterprises is a primary factor driving the market in various regions. The robustly rising popularity of social media among product and customer service teams, largely on account of benefits that percolate [beyond marketing](https://www.financedigest.com/beyond-the-pill-strategy-to-be-the-centerpoint-of-high-content-screening-market.html "“Beyond the Pill” Strategy to be the CenterPoint of High Content Screening Market") and promotion, is a key trend accentuating the market. The growing [demand for various big data tools such as Hadoop in managing vast sets of unstructured data emanating from online and social media sites and CRM conversations is a notable trend catalyzing the demand for social business intelligence](https://www.financedigest.com/artificial-intelligence-goes-global-demand-for-ai-reaches-four-continents-in-three-months-new-figures-from-synechron-show.html "Artificial Intelligence goes global: demand for AI reaches four continents in three months, new figures from Synechron show") tools. This is motivated by the intensifying [needs to garner data-driven insights into customer taste and preference across](https://www.financedigest.com/tech-awakening-needed-across-uk-workforce.html "Tech awakening needed across UK workforce") enterprises.

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The pressing need for gaining customer insights in real-time for accelerating time-to-market is a key aspect of a fast-growing modern enterprise, necessitating the demand for social business intelligence tools. The rising adoption of cloud-based technologies and [services will expectedly create exciting opportunities for market](https://www.financedigest.com/tableau-services-market-to-reach-us-2183-2-mn.html "Tableau Services Market to reach ~US$ 2,183.2 Mn ") players in the coming years.

**Data Security Major Concerns, Advanced Enterprise Data Operating Systems to Open up Exciting Avenues**

The concern of privacy of data and their enterprise security are key [factors likely to hamper the demand for social business](https://www.financedigest.com/7-factors-to-consider-before-your-business-moves-to-a-subscription-model.html "7 Factors to Consider Before Your Business Moves to a Subscription Model") intelligence to an extent. Nevertheless, the marked shift of [enterprises workloads from on-premise to cloud](https://www.financedigest.com/enterprise-training-and-the-future-of-cloud-computing.html "Enterprise Training and the Future of Cloud Computing") is expected to allay these mounting concerns, thereby bolstering the demand for social business intelligence. In addition, the advent of advanced enterprise data operating systems has led players overcome the constraints associated with traditional database systems, notably SQL servers.

The growing popularity of Hadoop for building large-scale database has enabled [enterprises manage](https://www.financedigest.com/managing-mobility-in-the-enterprise-must-have-consideration.html "Managing mobility in the enterprise must have consideration") large operational requirements. This is a welcome trend in the [global social business](https://www.financedigest.com/copa90-owner-bigballs-media-lands-stellar-global-business-leaders-to-drive-ambitious-expansion-plans.html "Copa90 owner Bigballs Media lands stellar global business leaders to drive ambitious expansion plans") intelligence market. Furthermore, the introduction of YARN and MapReduce has substantially expanded the capabilities of Hadoop, thereby creating lucrative avenues for market players.

The study presented here is based on a report by [Future Market Insights](https://www.financedigest.com/ready-mix-concrete-market-is-set-to-reach-a-valuation-in-excess-of-usd-61-7-billion-in-2032-future-market-insights-inc.html "Ready-mix Concrete Market is Set to Reach a Valuation in Excess of USD 61.7 Billion in 2032 | Future Market Insights, Inc.") (FMI) titled, “ **Social** **Business Intelligence Market: Global Industry Analysis and Opportunity Assessment, 2016–2026**.”

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The global social [business intelligence market](https://www.financedigest.com/advice-on-launching-a-business-in-a-new-market-space.html "Advice on launching a business in a new market space") is segmented based on:

**By Deployment Type**

- On-premise
- Cloud-based

**By Size of Enterprise**

- Small Enterprise
- Medium Enterprise
- Large Enterprise

**By Vertical**

- BFSI
- Healthcare and Life Sciences
- Consumer Goods and Retail
- Travel and Tourism
- IT and Telecommunication
- Media and Entertainment
- Government
- Others

**Related Reports:**

[**Hosting Infrastructure Services Market**](https://www.futuremarketinsights.com/reports/hosting-infrastructure-service-market) **–** The global hosting infrastructure services market is expected to hold a valuation of US$ 15.4 Bn in 2022, and rise at a high CAGR of 8.1% to top a net worth of US$ 26.6 Bn by the end of 2029.

[**Marine Electronics Market**](https://www.futuremarketinsights.com/reports/marine-electronics-market) **–** The global marine electronics market is estimated at US$ 5.2 Bn in 2022, and is projected to close in on a valuation of US$ 7.5 Bn by 2029, expanding at a CAGR of 5.3% over the said period.

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