Japan Business Intelligence and Analytics Software Market Insights Forecasts to 2032

• The Japan Business Intelligence and Analytics Software Market Size was valued at USD 1073.8 Million in 2022.
• The Market is growing at a CAGR of 7.2% from 2022 to 2032.
• The Japan Business Intelligence and Analytics Software Market Size is expected to reach USD 2151.9 Million by 2032.
• Japan is expected to grow the fastest during the forecast period.

The Japan Business Intelligence and Analytics Software Market Size is expected to reach USD 2151.9 Million by 2032, at a CAGR of 7.2 % during the forecast period 2022 to 2032.

Market Overview

Business intelligence and analytics software are intricate tools that enable businesses to collect, analyze, and interpret data in order to make effective choices. They play an important role in converting raw data into real-time insights that may be utilized to acquire a competitive advantage, optimize operations, and drive growth. Making well-informed choices is one of the key reasons organizations use business intelligence and analytics tools. To assist business users in making better business decisions, data gathering, storage, evaluation, and access technologies are readily accessible with BI and analytics software. With the incorporation of real-time data, decision-makers are able to evaluate the instantaneous effects of their decisions and alter tactics as needed. Businesses today have access to large amounts of customer-related data as a result of the rise of big data. Analyzing this data can assist in segmenting clients and providing personalized services, resulting in greater customer loyalty and revenue. Japan is a worldwide technological powerhouse, and its involvement with business intelligence (BI) and analytics software is not an isolated instance. The country's technical achievements, solid manufacturing sector, and emphasis on innovation make it an ideal choice for BI tool adoption. Furthermore, growing trends in Japan, such as rising competitiveness, the adoption of the cloud delivery model, and data proliferation, have been contributing to the development of the Japanese business intelligence and analytics software market.

Report Coverage

This research report categorizes the market for Japan Business Intelligence and Analytics Software Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Business Intelligence and Analytics Software Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Business Intelligence and Analytics Software Market.

Driving Factors

Japan is a technological leader in fields ranging from automation to electronics. As such, Japanese firms became the initial consumers of business intelligence and analytics software, incorporating technology across diverse industries such as manufacturing, financial services, medical care, and retail. The platform's major selling point is that it increases overall decision-making processes while also improving the level of business research and analytics. This opens up new options for firms as part of enhanced company performance enabled by BI and analytics tools. It has contributed to the general growth of the Japanese market in recent years and is expected to continue performing so in the future. In addition, the industry is primarily driven by widespread e-commerce and a growth in the use of data-driven business strategies by small, medium, and large-sized enterprises. The business intelligence techniques enable enterprises to execute strategic decisions in such a way that they result in a positive transformation and high-quality customer service. Furthermore, expanding the usage of data and business analytics software, driven by ongoing investments in business intelligence and tools, has led to rapid revenue development.

Market Segment

• In 2022, the software segment accounted for the largest revenue share of more than 64.8% over the forecast period.

On the basis of component, the Japan Business Intelligence and Analytics Software Market is segmented into software and service. Among these, the software segment is dominating the market with the largest revenue share of 64.8% over the forecast period. The software enables firms to make intelligent decisions with regard to logical facts such as market developments and client purchasing patterns. Business intelligence and analytics software can also assist businesses in assessing risks, reducing expenses, and making better business decisions. Furthermore, the increased usage of end-use data analytics markets for analyzing data and making better-informed business decisions is likely to drive demand for business intelligence & analytics software solutions.

• In 2022, the cloud segment is witnessing a higher growth rate over the forecast period. 

Based on the deployment model, the Japan Business Intelligence and Analytics Software Market is segmented into on premise and cloud. Among these, the cloud segment is witnessing a higher growth rate over the forecast period.  The use of cloud services enables business applications to be rapidly expanded, instantly associated with third-party apps, and provides confidentiality at all levels of the company's IT infrastructure, allowing these applications to be securely monitored. Furthermore, using cloud-based BI software helps firms to focus on their core competencies rather than managing their IT infrastructure. Given its low cost, small and medium-sized businesses are gradually embracing cloud business intelligence software.

• In 2022, the advanced & predictive analytics platforms segment is witnessing significant CAGR growth over the forecast period.

On the basis of platform, the Japan Business Intelligence and Analytics Software Market is segmented into business intelligence platforms, advanced & predictive analytics platforms, CPM suite, and others. Among these, the advanced & predictive analytics platforms segment is witnessing significant CAGR growth over the forecasted period. Predictive analytics are commonly employed in the financial services and insurance sectors to provide reliable and accurate visualizations of client data that can help in effective corporate decision-making. Furthermore, studying client purchasing patterns and responses is critical in developing a new marketing strategy, and predictive analytics can be employed for assessing data to identify potential markets.

• In 2022, The BFSI segment accounted for the largest revenue share of more than 34.2% over the forecast period.

On the basis of industry, the Japan Business Intelligence and Analytics Software Market is segmented into IT & telecom, healthcare, manufacturing, BFSI, media & entertainment, energy & power, government, and others. Among these, the BFSI segment is dominating the market with the largest revenue share of 34.2% over the forecast period. This lead can be ascribed to the increased adoption of BI and analytics software, which allows for continuous access to secure transactions, client databases, and improved customer experience. Financial firms are able to use BI software to analyze vast amounts of consumer data to generate insights about their clients, which may be employed later to enhance their offerings and services.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan Business Intelligence and Analytics Software Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Datance
• toorPIA
• IBM
• SAP
• Dell
• HP
• Teradata
• NTT Data
• Le Grand
• Finatext
• ABEJA
• Hogetic Lab
• Matrix Flow
• empath
• Hitachi Vantara Corporation.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Business Intelligence and Analytics Software Market based on the below-mentioned segments:

Japan Business Intelligence and Analytics Software Market, By Component

• Software
• Service

Japan Business Intelligence and Analytics Software Market, By Deployment Model

• On Premise
• Cloud  

Japan Business Intelligence and Analytics Software Market, By Platform

• Business Intelligence Platforms
• Advanced & Predictive Analytics Platforms
• CPM Suite
• Others

Japan Business Intelligence and Analytics Software Market, By Industry

• IT & Telecom
• Healthcare
• Manufacturing
• BFSI
• Media & Entertainment
• Energy & Power
• Government
• Others