2020 Outlook Assessment – Qlik

May 15, 2020 - Research U63

Qlik is a cloud-based business intelligence (BI) and visual analytics platform supporting self-service analytics, conversational analytics, and reporting. The company has demonstrated efforts towards growth and innovation with the acquisition of complementary technologies and steady improvements to the platform over the years. Nucleus expects Qlik to experience limited disruptions in 2020 due to sustained, recognized industry-wide necessity of increasing data usage and analytics adoption to support decision making. With a diverse customer base of more than 50,000 customers spread across over 100 countries, and the capability to support a company’s data pipeline on one platform Qlik stands out as a lower cost option than many competing vendors. As the economy slows down and customers become more price sensitive, Qlik is well-positioned to grow as it captures these bargain shoppers.