You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

SAN FRANCISCO, June 9, 2020 /PRNewswire/ --The Social Business Intelligence Market is anticipated to achieve significant revenue share by 2028. Social BI is the management technique that assimilates group sharing to enhance ongoing processes, projects, and products. It is generally managed by third-party analytical software and requests consumer response and contribution at initial points in the process. Drivers Rising adoption of cloud-based technologies and increasing use of social media across the globe will show a positive impact on overall industry growth in the forecast period. Social media websites such as Snapchat, Facebook, LinkedIn, and Twitter have gained enormous popularity among the populace creating their own data. Thus, rising number of potential consumers interacting with each other using such media will boost industrial development. In addition, these are cost-efficient and require low analytical and technical skills will escalate business outlook in the coming years. Restraints, Opportunities, and Challenges Factors such as data privacy and security issues will hamper overall industry growth. Rising adoption by SMEs and growing need to generate insights from unused data will create new opportunities to expand industrial global presence. Maintenance and data management quality and lack of skilled personnel are major challenges faced by the industry. Social business intelligence industry is categorized based on type, application, sales channel, and regions. Based on type, the industry is categorized into the cloud and on-premises. Cloud-based segment is expected to account for the largest revenue share and continue its dominance over the forecast period. This solution come with a regular minimum fee, eradicates the necessity for a huge one-time investment, and eliminates periodic expenses for updates and maintenance. These features of cloud-based solutions will show a positive impact on overall industry growth. Pleaseclick here to download the sample pdfand find more details on "Global Social Business Intelligence Market"Report 2028. Based on applications, the industry is categorized into government organizations, SMEs, and large enterprises. The large enterprise's segment is expected to remain dominant over the forecast period. This segment comprises several businesses such as telecommunication, retail, healthcare, IT, and BFSI. These industries use business intelligence for prognostic analysis as it helps them segmenting market-based on consumer preference. SMEs segment is anticipated to witness the fastest growth rate over the projected period. The segment is expected to gain momentum owing to favorable regulatory policies in the BFSI and healthcare sectors and a rise in several online retail consumers will propel segment growth. Based on the sales channel, the industry is categorized into a distribution channel and a direct channel. Geographically, the industry is categorized into Middle East & Africa, North America, South America, Europe, and Asia Pacific. Globally, North America is expected to account for the largest revenue share and continue its dominance over the forecast period. The high growth is attributable to rising demand for wearable devices such as Fitbit that monitors bodily data from sleep to health patterns. In addition, presence of major manufacturers such as IBM Corporation, Qlik Technologies, and Oracle Corporation will enhance product demand in the region. The U.S. is a major consumer in this region as health monitoring is gaining traction among the populace. Access 115 page research report with TOC on "Global Social Business Intelligence Market" available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/2013-2028-report-on-global-social-business-intelligence-market Competitive Players Prominent players of the market include Cision, IBM, Sysomos, Oracle, Radian6/Salesforce, SAP, NetBase Solutions, SAS Institute, Lithium Technologies, Adobe Systems, Kapow Software/Kofax, Attensity Group, HP, Beevolve, Google, Clarabridge, Evolve24, and Crimson Hexagon. These players are concentrating on R&D activities to introduce novel products and technologies in the industry. Thus, rising popularity of social media platforms encourages enterprises to shift towards social business intelligence services. This report provides detailed historical analysis of global market for Social Business Intelligence from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Social Business Intelligence market. Market Segmentation: Leading players of Social Business Intelligence including: IBM Oracle SAP SAS Institute Adobe Systems Attensity Group Beevolve Clarabridge Crimson Hexagon Evolve24 Google HP Kapow Software/ Kofax Lithium Technologies NetBase Solutions Radian6/Salesforce Sysomos Cision Market split by Type, can be divided into: On-premises Cloud Market split by Application, can be divided into: SMEs Large Enterprises Government Organizations Market split by Sales Channel, can be divided into: Direct Channel Distribution Channel Market segment by Region/Country including: North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America Brazil, Argentina, Colombia and Chile etc.) Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.) Browse latest market research reports available with Radiant Insights, Inc.: RTA (Ready-to-assemble) Furniture Market 4G Phones Market Emergency Exit Signs Market Internet Of Things Microcontroller Market About Radiant Insights, Inc.: At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact:Michelle Thoras.Corporate Sales SpecialistRadiant Insights, Inc.Phone: +1-415-349-0054Toll Free: 1-888-928-9744Email: [emailprotected]Web: https://www.radiantinsights.comBlog: https://radiantinsightsinc.blogspot.com/ SOURCE Radiant Insights, Inc.

Answer: Social Business Intelligence Market Analysis, Growth Opportunity, Competition Landscape, Driving Factors & Highlights of the Market by 2028: Radiant Insights, Inc.