4%
arrow_downward2% YoY
#8
Summary
- ThoughtSpot ranks #8 within the Business Intelligence category, maintaining its position month-over-month.
- As of May 2026, 4% of organizations who have a vendor in the Business Intelligence category use ThoughtSpot: down 2 percentage points from last year.
- ThoughtSpot has the highest adoption among mid-market companies (5%), compared to enterprise (4%), small-to-medium businesses (4%), and micro-SMB (2%).
- ThoughtSpot key capabilities include search-driven analytics, natural language queries, and interactive data visualizations, supporting self-service business intelligence for non-technical users.
Are businesses buying ThoughtSpot?
Key stats
4%
arrow_downward2% YoY
Mid-Market, 55%
1%
3%
#9
#8
Adoption Rates by company size
| Company size | Adoption rate |
|---|---|
| SMB | 4% |
| Mid-market | 5% |
| Enterprise | 4% |
About ThoughtSpot
ThoughtSpot is an AI-powered analytics platform that enables business users to search and analyze data using natural language queries.
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Have feedback?About this data
These insights come from Ramp’s procurement and renewal data, built on real-world transactions observed across our platform. Figures represent aggregated observations from Ramp Procurement and Renewals activity.
| Date | New adopter share | Competitor switch rate | Dominant FTE segment | Adoption rate (Enterprise) | Adoption rate (Mid-Market) | Adoption rate (SMB) |
|---|---|---|---|---|---|---|
| Apr 2026 | 1% | 3% | Mid-Market, 55% | 4% | 5% | 4% |
| Mar 2026 | 3% | 3% | Mid-Market, 56% | 5% | 5% | 4% |
| Feb 2026 | 2% | 3% | Mid-Market, 55% | 5% | 5% | 4% |
| Jan 2026 | 5% | 3% | Mid-Market, 56% | 6% | 5% | 4% |
| Dec 2025 | 1% | 2% | Mid-Market, 56% | 7% | 5% | 4% |
| Nov 2025 | 2% | 3% | Mid-Market, 55% | 7% | 6% | 4% |
| Oct 2025 | 2% | 3% | Mid-Market, 55% | 7% | 6% | 4% |
| Sep 2025 | 3% | 3% | Mid-Market, 54% | 8% | 6% | 5% |
| Aug 2025 | 5% | 3% | Mid-Market, 50% | 8% | 6% | 5% |
| Jul 2025 | 4% | 3% | Mid-Market, 51% | 8% | 6% | 6% |
| Jun 2025 | 2% | 3% | Mid-Market, 52% | 8% | 6% | 6% |
| May 2025 | 8% | 3% | Mid-Market, 51% | 8% | 7% | 6% |
| Apr 2025 | 1% | 2% | Mid-Market, 51% | 9% | 6% | 6% |
| Mar 2025 | 5% | 3% | Mid-Market, 50% | 11% | 7% | 7% |
| Feb 2025 | 6% | 3% | Mid-Market, 48% | 12% | 7% | 7% |
| Jan 2025 | 3% | 2% | Mid-Market, 47% | 15% | 8% | 7% |
| Dec 2024 | 4% | 3% | Mid-Market, 46% | 16% | 8% | 8% |
| Nov 2024 | 9% | 3% | Enterprise, 46% | 17% | 8% | 8% |
| Oct 2024 | 3% | 2% | Enterprise, 46% | 18% | 8% | 8% |
| Sep 2024 | 4% | 2% | Enterprise, 46% | 17% | 8% | 9% |
| Aug 2024 | 4% | 3% | Enterprise, 47% | 17% | 9% | 9% |
| Jul 2024 | 3% | 4% | Enterprise, 49% | 18% | 9% | 9% |
| Jun 2024 | 3% | — | Enterprise, 49% | 20% | 8% | 10% |
| May 2024 | 5% | — | Enterprise, 51% | 20% | 9% | 11% |
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