According to
recent market research report "Embedded analytics Market by Component (Software and
Services), Business Function (IT, Marketing and Sales, Finance, Production, and
HR), Deployment Model (On-Premises and On-Demand), Organization Size, Industry,
and Region - Global Forecast to 2022", The embedded Analytics market
is expected to grow from USD 26.77 Billion in 2017 to USD 51.78 Billion by
2022, at a Compound Annual Growth Rate (CAGR) of 14.1%.
Browse and
in-depth TOC on “Embedded
analytics Market”
72
- Tables
40
- Figures
169
- Pages
"Embedded
analytics Market by Component (Software and Services), Business Function (IT,
Marketing and Sales, Finance, Production, and HR), Deployment Model
(On-Premises and On-Demand), Organization Size, Industry, and Region - Global
Forecast to 2022"Early buyers will receive 10% customization on reports @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=227756398
The major
forces driving the embedded analytics market are the rise in data-driven
organizations, higher adoption of self-service analytics, and the increasing
demand to integrate analytics with business applications. The embedded
analytics market is growing rapidly because of the transformation from the
traditional analytical techniques for analyzing business data to the advanced
techniques and the massive surge of the flowing structured and unstructured
data.
IT business function is expected to grow at the highest CAGR
Embedded
analytics tools and services are used for various business functions, which
include Information Technology (IT), marketing and sales, finance, production,
Human Resource (HR), and others (product development and legal). The IT
business function is expected to witness the highest CAGR during the forecast
period because of the increasing need for IT departments across industries to
have access to real-time analytics on Key Performance Indicators (KPIs) and the
visualization of the percentage of helpdesk ticket requests resolved in the
agreed time-frame to assess the success of on-going support in their
applications itself.
Banking, Financial Services, and Insurance (BFSI) is estimated to
have the largest market size in 2017
The embedded
analytics market is also segmented by various industries, out of which, the
adoption of embedded analytics is expected to be the largest in the BFSI
vertical, as the volume and variety of data is increasing day-by-day, with the
growing demand of IT systems for financial transactions in banks and other financial
institutes.
North America is expected to dominate the embedded analytics
market during the forecast period
North
America is expected to hold the largest share of the embedded analytics market
in 2017, due to the technological advancements and early adoption of analytical
solutions in this region. The market size in Asia Pacific (APAC) is expected to
grow at the highest CAGR from 2017 to 2022. The primary driving forces for this
growth are the increasing technological adoption and huge opportunities across
industries in the APAC countries, especially in India, China, and Japan.
The report
also encompasses different strategies, such as mergers and acquisitions,
partnerships and collaborations, and product developments, adopted by the major
players to increase their shares in the market. Some of the major technology
vendors include Microsoft Corporation (US), IBM (US), SAP SE (Germany), SAS
Institute (US), Oracle Corporation (US), MicroStrategy Incorporated (US),
Tableau Software (US), TIBCO Software (US), Birst (US), Logi Analytics (US),
QlikTech International (US), Sisense (US), Information Builders (US), OpenText
(Canada), and Yellowfin International (Australia).
Contact:Mr. Rohan
MarketsandMarkets™
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Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
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