Business Intelligence (BI) and data analytics became an integral aspect of any small or large-scale company. In-depth analysis of big datasets with advanced data management solutions for collecting real-time data to determine valuable insights for the decision making process has become a staple procedure for organizations and enterprises. The adoption of modern technologies has caused significant growth in Middle East BI and Analytics market, particularly in UAE. As business competition is getting tougher, enterprises are focusing on modern technological solutions to remain competitive.
Nowadays, cutting-edge IT technologies have caused a surge of active connected devices which generate a massive amount of data regularly. As a result, the demand for BI and analytics for making data-driven decisions is on the rise. Middle East has witnessed such growth in IT solutions, delivering simplified data visualization tools in multiple sectors like automobile, healthcare, and energy & utility.
Middle East BI and Analytics Market Size
The rise of connected technology and IoT devices has tremendously increased the usage of BI and analytics tools. According to a report published by Business Market Insights(1), the big data analytics market of Middle East & Africa (MEA) is 12.87 million USD in 2022 and is expected to reach 26.82 million USD by 2028, with a CAGR of 13% during the growth period.
- The rapid adoption of modern technologies like IoT, AI, ML, and edge computing is considered the primary driver of this growth.
- The increased of connected devices and rising demand for Industrial IoT (IIoT) generate a huge volume of data that needs to be processed efficiently.
- Companies are focusing on real-time data processing with quick reaction times to remain competitive in the business market.
- The adoption of 5G technology will enable vendors to deliver faster IT solutions with more features. This will expand their footprints in the market.
The Middle East data analytics market will experience significant growth in data visualization and a variety of analytics applications including supply chain analytics, pricing analytics, marketing analytics, and workforce analytics. Industries such as semiconductors, pharmaceuticals, battery manufacturing, and electronics will experience growth during the forecast period.
Application of BI and Analytics in the Middle East
UAE, Israel, Saudi Arabia, and other parts of the Middle East region are experiencing the usage of BI & analytics solutions in the following factors:
- Cloud Deployment Model
- Software and Services
- Business Functionality
- Performance Analysis
- Supply Chain
Implementation of IoT and connected devices increase business productivity as well as efficiency in delivering services. A centralized online business management process would conveniently handle crucial elements of daily activities without much difficulty.
With the massive growth of BI and analytics, a deep knowledge related to associated technologies and accessible resources is crucial to deliver quality automation services. Alpha-Numero is an AS 9100D and ISO 9001 certified organization that offers BI and analytics services and deployments such as data service, information management, visualization services, technology capabilities, advanced data analytics, intelligence reporting services, and dashboard creation. Do visit the official website www.alpha-numero.com for further information and email at sales@alpha-numero.com for service assistance.
Citation:
1. Business Market Insights Report on Middle East & Africa Big Data Analytics forecast from 2022 to 2028
