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Business Intelligence Market to Grow by USD 20.3 Million from 2024-2028, as Mergers and Acquisitions Drive Revenue with AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 8, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global business intelligence (BI) market  size is estimated to grow by USD 20.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.84%  during the forecast period. Increasing mergers and acquisitions is driving market growth, with a trend towards advanced analytical tools. However, rising concern for data privacy  poses a challenge.Key market players include Amazon.com Inc., Arbela Technologies Corp., GS Topco GP LLC, Hitachi Ltd., Idera Inc., InetSoft Technology Corp., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., Palantir Technologies Inc., Panorama Software Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., ScienceSoft USA Corp., Sisense Ltd., TARGIT AS, and TIBCO Software Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

End-user (BFSI, Healthcare, ICT, Government, and Others), Deployment (On-premises and Cloud), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Amazon.com Inc., Arbela Technologies Corp., GS Topco GP LLC, Hitachi Ltd., Idera Inc., InetSoft Technology Corp., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., Palantir Technologies Inc., Panorama Software Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., ScienceSoft USA Corp., Sisense Ltd., TARGIT AS, and TIBCO Software Inc.

Key Market Trends Fueling Growth

The Business Intelligence (BI) market is witnessing an upward trend with the adoption of advanced analytics solutions. These technologies enable businesses to analyze data from various sources, providing valuable insights into consumer behavior. Predictive analytical tools are a crucial component, using sophisticated mathematical and statistical techniques to make accurate predictions and forecasts. This aids in effective project management by connecting multiple projects and applications. Employing predictive portfolio analysis techniques helps businesses choose the most profitable projects. Predictive analytics tools adapt to changing business dynamics, such as consumer demand and market strategies, ensuring business success. The use of these advanced tools is anticipated to significantly contribute to the expansion of the global BI market.

Business Intelligence (BI) market is thriving with trends like predictive and adaptive analytics, business automation, and digital transformation. R&D efforts are focused on advanced analytics, continuous intelligence, real-time analytics, and augmented analytics. The retail sector is a significant adopter, with acquisitions, collaborations, and mergers shaping the landscape. CCS Presentation Systems, Rackspace Technology, GoodData, Amazon Web Services, and Microsoft are key players. Cloud transition, security, scalability, and productivity are top priorities. API-first design and modern data stacks are shaping the new BI landscape. Local laws and compliance regulations demand attention. Power BI, Dynamics 365, Microsoft Azure, and Amazon Web Services lead the way in providing cloud analytics platforms. IoT, AI, and ML are integral to data quality and strategic decision-making.

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Market Challenges

Business Intelligence (BI) and analytics systems play a crucial role in organizations by transforming data into valuable insights for informed decision-making. However, the integration of numerous systems and data silos for data harvesting poses significant challenges, particularly in ensuring data security and privacy. A predictive model’s access to confidential information increases the risk of security breaches, which could lead to brand damage, costly lawsuits, and insurance claims. Technical issues, such as bugs and interoperability failures, can also cause system downtime, negatively impacting business operations and brand value. Therefore, addressing data security and privacy concerns will be essential for the global BI market’s growth during the forecast period.Business Intelligence (BI) market is growing rapidly as organizations seek to make strategic decisions based on data. Digital transformation is driving the need for Intelligent Planning and advanced analytics, including Power BI, Dynamics 365, and Microsoft Azure. Real-time analytics, continuous intelligence, and augmented analytics are key trends. IoT, AI, and Machine Learning are transforming data into actionable insights. Data quality is crucial for accurate results, and third-party data sources add value. BI platforms require consulting, deployment, integration, and ongoing support. Cloud deployment is popular, but on-premise remains an option. Industries like Healthcare, Banking, and Retail are investing in BI tools for data visualization, text mining, predictive analytics, and statistical analysis. Big data analytics and cloud-based business solutions are essential for small and medium-sized organizations. BI infrastructure is crucial for digitization, and emerging technologies like Blockchain, Biometrics, and Predictive Maintenance are shaping the future of BI.

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Segment Overview 

This business intelligence (bi) market report extensively covers market segmentation by

End-user 1.1 BFSI1.2 Healthcare1.3 ICT1.4 Government1.5 OthersDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 BFSI-  The BFSI sector has experienced significant advancements due to digitalization, with tech giants like Google, Amazon, and Paytm entering the financial industry. Leveraging their vast user bases and partnerships with banks, these companies have integrated API payment solutions across their services, gaining a competitive edge. The data generation from various technologies necessitates the use of tools like Business Intelligence (BI) and data analytics. These solutions enable smarter decisions in finance and operations for financial institutions, ensuring regulatory compliance and meeting customer needs. Market growth is anticipated during the forecast period as a result.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

Research Analysis

Business Intelligence (BI) is a technology-driven process that transforms raw data into valuable insights for strategic decision-making. It enables organizations to make informed decisions in real-time through intelligent planning and advanced analytics. Digital transformation has led to the increasing adoption of BI solutions, such as Power BI, Dynamics 365, and Microsoft Azure. These platforms offer continuous intelligence, real-time analytics, and augmented analytics, allowing businesses to gain insights from various data sources, including IoT and third-party data. BI platforms provide analytical applications, management, consulting, deployment, integration, support, and maintenance, ensuring data quality and enabling seamless data flow. Cloud deployment and on-premise deployment options cater to different business needs. AI, Machine Learning, and Data Quality are essential components of modern BI systems, providing advanced analytics capabilities and improving decision-making accuracy.

Market Research Overview

Business Intelligence (BI) is a technology-driven practice that transforms raw data into meaningful and useful insights for strategic decision-making. Digital transformation is driving the adoption of BI, enabling intelligent planning and advanced analytics through Power BI, Dynamics 365, and Microsoft Azure. BI platforms offer continuous intelligence, real-time analytics, and augmented analytics, integrating data from IoT, AI, ML, and third-party sources. Key areas of focus include data quality, data visualization tools, text mining, predictive analytics, and statistical analysis. Big data and cloud-based business solutions cater to small and medium-sized organizations, while healthcare, banking, and retail sectors benefit from BI infrastructure and digitization. Investment levels in BI are on the rise, fueled by the need for scalability, productivity, and security. Cloud deployment and on-premise deployment options are available, with consulting and advisory services from Rackspace Technology, GoodData, Amazon Web Services, and others ensuring seamless deployment, integration, and maintenance. R&D efforts in BI are ongoing, with emerging trends including blockchain, biometrics, predictive and adaptive analytics, business automation, and API-first design. Data proliferation necessitates compliance with local laws and regulations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userBFSIHealthcareICTGovernmentOthersDeploymentOn-premisesCloudGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Sesame Software Named Fastest to Implement and Best Estimated ROI in G2’s Fall 2026 Reports, Previews Sesame Software 7.0

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Mid-market recognition from verified users caps a strong 2026 as the company announces the beta of its biggest platform release in years

SANTA CLARA, Calif., Oct. 27, 2026 /PRNewswire/ — Sesame Software, the Enterprise Data Management leader, today announced it has earned two mid-market badges in G2’s Fall 2026 reports, Fastest Implementation and Best Estimated ROI, based on verified user reviews. Heading into 2027, the company also previewed Sesame Software 7.0, its biggest platform release in years, with a beta opening this winter.

Recognized by G2 Users

The badges reflect what users say about Sesame Software: it’s up and running in minutes, needs no coding or data mapping, and pays for itself quickly. Teams use it to replicate data in near real time, build pipelines into warehouses like Snowflake, back up and archive records, and run verified migrations between systems.

“Customers don’t want a data project. They want their data where they need it, working as soon as possible,” said Joshua Demumbreum, Director of Product Operations, Sesame Software. “Hearing that back from users, in their own words, is a great way to close the year.”

Coming Soon: Sesame Software 7.0

What’s new in 7.0:

New interface: fewer clicks, easier navigation, clearer logs, and reporting on which records each job movesRebuilt engine: faster jobs, bigger data volumes and fewer failures, with data cleanup built into every jobRewritten connectors: simpler templates that behave the same across every connectorSimpler upkeep: Java 25 support, embedded Tomcat, and one-step upgrades

“After 30-plus years in enterprise data, 7.0 is our biggest step forward yet,” said Nathan Lugert, Senior Software Engineer, Sesame Software. “We can’t wait to get it into users’ hands.”

About Sesame Software

Sesame Software is the Enterprise Data Management leader, delivering data rapidly for enhanced reporting and analytics. Sesame Software’s data platform offers superior solutions for data warehousing, integration, as well as backup, and compliance to fit your business needs. Quickly connect to SaaS, on-premise, and cloud applications for accelerated insights. With over 30 years of expertise, Sesame Software helps businesses take back control of their data, access it from anywhere, ensure security and compliance, and unlock its power to grow.

Media Contact:
Kristen Besselsen, Director of Marketing
kristen.besselsen@sesamesoftware.com
www.sesamesoftware.com

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SOURCE Sesame Software

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RS earned three awards at the 2026 Moxa Global Distributor Summit

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The three awards recognize RS for demonstrable leadership in small to medium-sized business sales, energy sector sales, and regional sales.

FORT WORTH, Texas, Oct. 27, 2026 /PRNewswire/ — RS, a high-service global product and service solutions provider for industrial customers, earned three top awards at the 2026 Moxa Global Distributor Summit. Held in Nashville, Tennessee, September 8–11, this exclusive summit welcomed Moxa team members and partners from all over the world to “Collaborate to Lead” and discuss business and strategy updates, emerging industrial infrastructure trends, secure OT connectivity, and next-generation technologies like AI data centers and energy storage.

RS combines immediate access to Moxa products with deep technical expertise to solve complex operational challenges.

During the event, Moxa — a global leader in industrial networking, computing, and edge connectivity solutions — presented RS Americas with its:

2026 Top Global Sales Award for small to medium-sized businesses2026 Top Global Sales Award for energy businesses2026 Platinum Award for top sales in the Americas region

These awards recognize RS for outstanding sales achievements and exceptional partnership in three key market segments. Together, RS and Moxa deliver secure network deployments and reliable edge connectivity for industrial automation customers across the manufacturing, energy, and commercial sectors.

“Partnering with Moxa enables us to provide industrial customers with the high-performance networking technologies they need to advance their digital transformation and build resilient operations,” said Marie Dawson, Sr. Director of Strategic Supplier Engagement at RS. “Earning three top honors at the 2026 Moxa Global Distributor Summit validates our approach — combining immediate access to quality Moxa products with deep technical expertise to solve complex operational challenges and keep critical infrastructure running across industries.”

“RS continues to demonstrate outstanding leadership in advancing edge connectivity and network reliability across key industrial sectors,” said Mat Stewart, Vice President of Sales at Moxa. “We are proud to recognize the RS Americas team for their exceptional global and regional performance over the past year and look forward to building on this momentum together.”

To learn more about the RS portfolio of Moxa products and solutions, visit the embedded links.

PR Image Download:
RS Moxa Awards PR.jpg

PR Image Caption:
The RS Americas team accepted three top sales performance awards at the 2026 Moxa Global Distributor Summit. Pictured from left to right: Moxa Americas Vice President of Sales Mat Stewart, RS Americas Product Director Chris Cole, RS Americas Eastern Regional Sales Manager John Allen, RS Americas Senior Director of Strategic Supplier Engagement Marie Dawson, RS Americas Supplier Manager Evie Hooper, RS Americas Category Manager Megan Shaw, Moxa Americas Director of Channel Sales Pat Sweeney, RS Americas Product Portfolio Manager Gary Guess, and Moxa Americas President Chad Chesney.

About RS
RS is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably. We operate in 33 markets, stock over 875,000 industrial and specialist products, and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital, and process infrastructure sustainably. We combine a technically led and digitally enabled approach with an exceptional team of experts; ultimately, it’s our people that make the difference. Our purpose, making amazing happen for a better world, reflects our focus on delivering results for people, planet, and profit.

RS Group plc is listed on the London Stock Exchange with stock ticker RS1, and in the year ended March 31, 2026, reported revenue of $3,871.07 million. For more information, please visit https://www.rsgroup.com/ or connect with us on LinkedIn or X (Twitter).

About RS in the Americas
In the Americas region, RS stocks more than 250,000 industrial and electronic products from more than 700 trusted suppliers. These solutions cover categories extending from automation and control equipment to interconnect, passive, active, and electromechanical components and include more than 90,000 high-quality, competitively priced RS PRO products. For more information, please visit https://us.rs-online.com or connect with us via social media on LinkedIn, Facebook, and YouTube.

Editorial Contact & Media Inquiries:
Laurie Tortorello, Director of People & Culture Communications, RS Americas
Laurie.Tortorello@rsgroup.com

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Union Home Mortgage Selected for USDA Rural Development Delegated Authority Pilot Program

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One of six lenders chosen nationwide to deliver an enhanced USDA loan experience for eligible rural borrowers

STRONGSVILLE, Ohio, Oct. 27, 2026 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, announced today that it has been selected by the U.S. Department of Agriculture Rural Development to participate in the expanded Delegated Authority Lender Interactive Test Environment (LITE) Pilot Program for the Single Family Housing Guaranteed Loan Program, further strengthening the company’s ability to serve homebuyers in rural communities across the country. UHM is one of six lenders nationwide chosen to join the initiative, which begins on December 1, 2026.

The pilot program grants participating lenders greater authority in the loan approval and closing process, allowing qualified borrowers to move through the mortgage journey more efficiently while maintaining rigorous underwriting and compliance standards. By reducing pre-closing approval requirements from USDA, the program is designed to accelerate loan processing timelines and expand homeownership opportunities for eligible families in rural communities across the country.

“We are honored to partner with USDA Rural Development to help rural borrowers access more opportunities to achieve the dream of homeownership, which is one of the most powerful ways to build financial stability and strengthen communities,” said Bill Cosgrove, CEO of Union Home Mortgage. “Being selected for this pilot program reflects our commitment to providing world-class service and innovative solutions to our borrowers, and we thank USDA for entrusting us with this increased responsibility.”

Through the USDA Single Family Housing Guaranteed Loan Program, eligible low- and moderate-income borrowers can access affordable financing options, including 100% financing for homes in qualifying rural areas. According to USDA Rural Development, homebuyers can buy existing, build new, or cover the cost of rehabilitating, improving, or relocating a home with a Single Family Housing loan guarantee. As a participant in the Delegated Authority LITE Pilot Program, UHM will be positioned to deliver these benefits with greater speed and efficiency while continuing to provide personalized guidance throughout the homebuying journey.

The selection further underscores UHM’s reputation as a trusted lending partner and aligns with the lender’s focus on responsible growth, operational excellence, and expanding access to affordable mortgage solutions in communities of all sizes.

For more information about Union Home Mortgage, visit www.uhm.com. For information about USDA Rural Development housing programs, visit www.rd.usda.gov.

About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 49 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being a Six-Year USA TODAY Top Workplace and a Twelve-Year Northeast Ohio Top Workplace. Learn more at www.uhm.com.

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