Southeast Asia Data Analytics and Business Intelligence Market Research Report: Forecast (2023-2028)

By Component (Data Analytics [Software, Hardware, Service], Business Intelligence [Solutions], Services [Consulting, Integration Deployment, Support Maintenance]), By Application (Data Analytics [Data... ... Data Analytics [Data Discovery & Visualization, Advanced Analytics, Others], Business Intelligence [Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Financial Performance & Strategy Management, Others]), By Deployment (On-Premise, Cloud), By Enterprise Size (Small & Medium, Large), By Industry Vertical (Healthcare, E-Commerce & Retail, IT & Telecom, BFSI, Hospitality, Others), By Country (Philippines, Singapore, Indonesia, Malaysia, Thailand, Vietnam, Rest of South East Asia), By Company (Data Analytics [Altair Engineering Inc., Microsoft Corporation, Alteryx Inc., IBM Corporation, Sisense Inc., SAP SE, FICO, Oracle Corporation, Salesforce Inc., Equifax Inc., TransUnion, Zoho Corporation Pvt. Ltd., Mu Sigma, OlikTech International AB], Business Intelligence [IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP, Amazon Web Services, Salesforce Inc., TIBCO Software, Qlik, Board International, Infor, Dundas Data Visualization Inc., dotData, Amlgo Labs, vPhrase, TARGIT]) Read more

  • ICT & Electronics
  • Jun 2023
  • 156
  • PDF, Excel, PPT

Market Definition

Data Analytics is referred to as an exploration of the data to gain critical insights, which is further used by the end-user industry to make rational financial decisions. The rising digital adoption by enterprises in the different industry verticals is leading to the usage of these services across the region. Business intelligence is referred to as technology-driven solutions comprising data mining, data cleaning, data pre-processing, etc., to provide business organizations with critical market insights.   

Market Insights & Analysis: Southeast Asia Data Analytics and Business Intelligence Market (2023-28)

The Southeast Asia Data Analytics and Business Intelligence market is projected to grow at a CAGR of around 7.25% during the forecast period, i.e., 2023-28. The factors attributing to market expansion are the surging adoption of digital technologies like artificial intelligence, internet of things (IoT), etc., by small-scale & medium-scale enterprises to stay ahead of the competitive organizations. These services provide the organizations with data concerning the functioning of the firms, which helps the enterprises to improve their operational efficiency. Owing to this, enterprises are actively looking for these services to streamline the production or manufacturing process in the industries, minimize costs associated with the production process, and improve overall efficiency.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 7.25%
Country Covered Philippines, Singapore, Indonesia, Malaysia, Thailand, Vietnam, Rest of South East Asia
Key Companies Profiled

Data Analytics [Altair Engineering Inc., Microsoft Corporation, Alteryx Inc., IBM Corporation, Sisense Inc., SAP SE, FICO, Oracle Corporation, Salesforce Inc., Equifax Inc., TransUnion, Zoho Corporation Pvt. Ltd., Mu Sigma, OlikTech International AB]

Business Intelligence [IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP, Amazon Web Services, Salesforce Inc., TIBCO Software, Qlik, Board International, Infor, Dundas Data Visualization Inc., dotData, Amlgo Labs, vPhrase, TARGIT]

Unit Denominations USD Million/Billion

 

In addition, the rising internet penetration in the southeast countries is also encouraging firms to seek digital solutions to improve the consumer experience. Furthermore, the survey conducted by the tech giants Google, Temasek & Bain in 2022 revealed that Southeast Asian countries have more than 400 million internet users, and the number of internet users keeps growing by approximately 20 million yearly. The surge in internet users across the region is driving the demand for data analytics and business intelligence services across the region since the companies harness the data regarding their consumers, competitors & market to analyze their financial records & gain a competitive advantage over other players in the market.

Moreover, the prevalence of startups & tech companies in countries like Singapore, Indonesia, etc., is driving the demand for data analytics and business intelligence since these companies operate in fast-paced, agile environments where decisions can be made quickly & with a high degree of accuracy. Thus, the companies rely on these solutions which provide real-time insights & enable the companies to make informed decisions promptly. According to the startup ranking 2020, Indonesia acquired the 5th position in the world with the highest number of emerging startups during the historical period. Similarly, the countries such as Singapore & others also witnessed a hike in the tech-startups. Thus, the emergence of startups & tech companies in the region is enhancing market growth in the following years.

Southeast Asia Data Analytics and Business Intelligence Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Key Enablers and Policy Actions to Maximize Potential of Big Data, By Country
    1. Strategic Governance
    2. Availability and quality of data
    3. Risk Mechanisms
    4. Human Capital for Big Data
    5. Access to Relevant Technologies
    6. ICT Infrastructure
  5. Southeast Asia Data Analytics and Business Intelligence Market Trends & Insights
  6. Southeast Asia Data Analytics and Business Intelligence Market Dynamics
    1. Drivers
    2. Challenges
  7. Southeast Asia Data Analytics and Business Intelligence Market Porters Five Forces Analysis
  8. Southeast Asia Data Analytics and Business Intelligence Market Policy & Regulations
  9. Southeast Asia Data Analytics and Business Intelligence Market Growth Opportunities & Hotspots
  10. Southeast Asia Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1.   Market Size & Outlook
      1.  By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Components
        1. Data Analytics
          1. Software
            1. Credit Risk Management
            2. Business Intelligence Solutions
            3. CRM Analytics
            4. Compliance Analytics
            5. Workforce Analytics
            6. Others (Content Analytics, Supply Chain Analytics, etc.)
          2. Hardware
          3. Services
        2. Business Intelligence
          1. Solutions
            1. Dashboard and Scorecards
            2. Data Integration and ETL
            3. Reporting & Visualization
            4. Query & Analysis
          2. Services
            1. Consulting
            2. Integration Deployment
            3. Support & Maintenance
      2. By Enterprise Size
        1. Small & Medium
        2. Large
      3. By Industry Vertical
        1. Healthcare & Lifesciences
        2. E-commerce and Retail
        3. IT and Telecom
        4. BFSI
        5. Hospitality
        6. Others (Media & Entertainment, Manufacturing, etc.)
      4. By Deployment
        1. On-premises
        2. Cloud
      5. By Application
        1. Data Analytics
          1. Data Discovery & Visualization
          2. Advanced Analytics
          3. Others (Data Preparation, etc.)
        2. Business Intelligence
          1. Customer Analytics
          2. Supply Chain Analytics
          3. Marketing Analytics
          4. Pricing Analytics
          5. Financial Performance and Strategy Management
          6. Others (Spatial Analytics, Workforce Analytics, etc.)
      6. By Country
        1. Philippines
        2. Singapore
        3. Indonesia
        4. Malaysia
        5. Thailand
        6. Vietnam
        7. Rest of Southeast Asia
      7.  By Competition
        1. Market Share
        2. Competition Characteristics
  11. Philippines Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  12. Singapore Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  13. Indonesia Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  14. Malaysia Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  15. Thailand Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  16. Vietnam Data Analytics and Business Intelligence Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
      2. By Industry Vertical
      3. By Deployment
      4. By Enterprise Size
  17. Southeast Asia Data Analytics and Business Intelligence Key Strategic Imperatives for Success & Growth
  18. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target Applications
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Data Analytics
        1. Altair Engineering Inc.
        2. Microsoft Corporation
        3. Alteryx, Inc
        4. IBM Corporation
        5. Sisense Inc.
        6. SAP SE
        7. FICO
        8. Oracle Corporation
        9. Salesforce Inc.
        10. Equifax, Inc.
        11. TransUnion
        12. Zoho Corporation Pvt. Ltd.
        13. Mu Sigma
        14. QlikTech International AB
        15. Others (Dell Technologies, ThoughtSpot Inc., etc.)
      2. Business Intelligence
        1. IBM Corporation
        2. Oracle Corporation
        3. Microsoft Corporation
        4. SAP
        5. Amazon Web Services
        6. Salesforce Inc.
        7. TIBCO Software
        8. Qlik
        9. Board International
        10. Infor
        11. Dundas Data Visualization, Inc.
        12. dotData
        13. Amlgo Labs
        14. vPhrase
        15. TARGIT
        16. Other (Alteryx, Inc., Zoho Corporation Pvt. Ltd., etc.)
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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