According to a new market research report "System of Insight Market by Component
(Solutions and Services), Applications (Customer Analytics, Operations
Management, Sales and Marketing Management, Risk and Compliance Management),
Deployment Model, Vertical, and Region - Global Forecast to 2024", published by
MarketsandMarkets, the global system of insight market size is expected to grow
from USD 1.2 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual
Growth Rate (CAGR) of 22.2% during the forecast period.
The major factors contributing to the growth of this market
include the increasing volume of big data and a growing need for data
analytics. Moreover, an increasing adoption of cloud-based solutions provides
opportunities in the system of insight market.
Browse and in-depth TOC on “System of Insight Market”
58 - Tables
34 - Figures
128 - Pages
Solutions segment to hold a larger market size during the
forecast period
By component, vendors offer solutions and services in the system
of insight market. Solutions are developed by various vendors for helping end
users to process a large volume of streaming data in real time, thereby
enabling enterprises to react to dynamic business requirements and enhance
customer experience. The solutions integrate data across all channels,
generates insights from analytics, and helps enterprises to make better
decisions. The solutions segment is estimated to hold the largest market size,
driven by increasing in the adoption of real-time analytical solutions.
Banking, Financial Services, and Insurance to hold the largest
market size during the forecast period
The BFSI vertical has gained traction in the system of insight
market, owning to early adoption of system of insight solutions for the
financial applications. The system of insight solutions have a wide range of
applications in the BFSI vertical. Some of the applications used in this
vertical are algorithmic trading, electronic transaction monitoring, and
dynamic pre-trade analytics. Moreover, the system of insight solutions and
services are widely used to enhance customer relationships.
North America to hold the largest market size during the
forecast period
North America is the major revenue generating region in the
global system of insight market. The region is witnessing major developments in
the analytical space. Most of the system of insight solutions providers present
in North America are involved in product innovations and deployment of the
system of insight solutions. They are adopting various growth strategies to
strengthen their position in the system of insight market.
Major vendors in the global system of insight market include IBM
(US), Oracle (US), SAS Institute (US), SAP (Germany), TIBCO Software (US),
GoodData (US), Plutora (US), NGDATA (Belgium), CoolaData (US), Striim (US),
Signals Analytics (US), Streamlio (US), INETCO (Canada), Correleta (US), and
Radicalbit (Italy).
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Content Source: https://www.marketsandmarkets.com/PressReleases/system-of-insight.asp
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/system-of-insight.asp