According to Statistics MRC, the Global Business Intelligence (BI) market is expected to grow from $15.64 billion in 2016 to reach $29.48 billion by 2022 with a CAGR of 11.1%. Increasing usage of data analytics, raising penetration of cloud technologies, and growing dependency on data in decision making are the factors fueling the market growth. In addition, increasing adoption of business intelligence in small and medium-sized enterprises is fostering the market growth. On the other hand, high capital investments, limited number of skilled workforces are the restraints limiting the market growth.