Post COVID-19, the report "COVID-19
Impact on Analytics Market by Components, Verticals and Region - Global
Forecast to 2021", size to grow from USD 25.4 billion in 2019 to USD
33.8 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.5% during
the forecast period. The major factors driving the growth of COVID-19 impact on
the analytics industry include increasing demand for digital transformation,
increased investments in analytics, growing demand for remote services and
location data, and increasing need for real-time information to track and
monitor the COVID-19 spread..
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Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11024881By industry vertical, healthcare to grow at the highest CAGR during the forecast period
The Analytics Market is
segmented into ten industry verticals: Banking, Financial Services and
Insurance (BFSI), government and defense, healthcare, manufacturing, retail,
media and entertainment, telecommunications and Information Technology (IT),
transportation, energy and utilities, and others (travel and hospitality, oil
and gas, real estate and construction). During the COVID-19 pandemic, the
healthcare industry vertical is under immense pressure to enhance and provide
PPE, ventilators, prophylactic, and anti-viral drugs, across the world. Healthcare
organizations are using advanced technologies, such as analytics, AI, and
machine learning to analyze the complex data around COVID-19 to monitor and
reduce the impact of the virus.
Browse in-depth
TOC on "Covid-19 Impact on
Analytics Market”
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11
Tables
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40 Figures
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83
Pages
North
America to hold the largest market size during the forecast period
North America is the most
significant revenue contributor to the global big data market. The region is
witnessing significant developments in terms of adoption and investments in
technologies such as analytics, AI, and ML. The growth in the demand for
digital technologies for business transformation and continuity is driving the
implementation of different analytical solutions among industries. Most of
these industries are relying on analytical solutions to create different
predictive or prescriptive models so that they can sustain the impact of
COVID-19. North America, a manufacturing-driven economy, has already felt the
impact of COVID-19 in most of its industries. For instance, automobile giants,
such as Ford, General Motors, and Fiat Chrysler, have closed down all the US
manufacturing plants to slow down the spread of the virus.
The report includes the
study of the key players offering analytics solutions and services. Major vendors
in the global Analytics Market include Microsoft (US), Teradata (US), IBM (US),
Oracle (US), SAS Institute (US), Google (US), Adobe (US), Talend (US), Qlik
(US), TIBCO Software (US), Alteryx (US), Sisense (US), Informatica (US), Splunk
(US), Hitachi Vantara (US), Information Builders (US), AWS (US), SAP
(Germany), Salesforce (US), Micro Focus (UK), MicroStrategy (US), and
ThoughtSpot (US).
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