Data Analytics Market 2018 Global Leaders Overview: Alteryx, Oracle, SAP SE, Dell, SAS Institute, Datameer, Looker Data Sciences, IBM

Market Research Future published a research report on “Data Analytics Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

The report projects that the global market for data analytics will exhibit a CAGR of 30.08% during the forecast period (2017-2023) to surpass a valuation of USD 77.64 billion. This market has witnessed yet another year of steady growth in 2017. Data analytics techniques are widely used in commercial industries to enable organizations to make more productive business decisions. The data analytics tool help businesses increase revenue, improve operational efficiency, optimize marketing campaigns, respond faster to emerging trends and gain a competitive advantage.

Data analytics is used to identify the probability of future outcomes based on historical data and trends using statistical algorithms and machine learning techniques. It aims to leverage the existing database for assessment of future probabilities.

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Report Overview

The report delivers hard-hitting market facts and historical market trends along with correlations between the market dynamics and forecasts. In this report, the user will also come across an in-depth segmental analysis of the market based on type, solution, application, industry, deployment, organization size, and region, delivering valuable insights. The report also explores market dynamics such as drivers, trends, opportunities, and restraints, influencing the growth pattern of key market segments. The section also sheds light on the key micro and macroeconomic factors impactig the overall growth of the market.

By type, the market has been segmented into predictive analytics, prescriptive analytics, descriptive analytics, and customer analytics. By solution, the market has been segmnted into data management, fraud & security intelligence, data mining, data visualization, and data monitoring. By application, the market has been segmented into enterprise resource planning, supply chain management, human resource management, database management and others. All the segments and sub-segments are profiled under six major geographies– North America, South America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Rest of the World, with the respective country-level market sizes. For the scope of the research, the definition of the product/ service “data analytics ” is also included in the report. The report discusses the current prospects of the market and delivers an unbias growth assessment.

Key Players:

Microsoft Corporation (U.S.), SAP SE (U.S.), Amazon Web Services Inc. (U.S.), Oracle Corporation (U.S.), SAS Institute Inc. (U.S.), Dell Inc. (U.S.), Alteryx, Inc. (U.S.), Datameer Inc. (U.S.), Looker Data Sciences, Inc. (U.S.) and IBM Corporation (U.S.).

Global Market for Data Analytics Application– Segmental Analysis

The report offers a detailed segmental analysis of the market based on type, solution, application, industry, and region. By application, the market has been segmented into enterprise resource planning, supply chain management, human resource management, database management and others. The enterprise resource planning segment currently accounts for the largest market share and is expected to remain highly attractive during the forecast period. By industry, the market is segmented into BFSI, IT & telecommunication, manufacturing, process manufacturing, discrete manufacturing, retail & e-commerce, energy & power, healthcare, transport & logistics, media & entertainment, and others. In 2016, the BFSI segment was valued at over USD 2.49 Billion and is expected to maintain healthy progress over 2023. By deployment, the market has been segmented into cloud and on-premise. The cloud segment is expected to remain at top position over 2023.

Regional Outlook

The market has been segmented on the basis of the region into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Rest of the world (RoW). North America accounts for the largest market share and is likely to dominate in the future as well. This is primarily owing to the existence of well-established IT sector and presence of major players coupled with rapid adoption of predictive analytics in the region. Europe and Asia Pacific are also expected to account considerable share of the data analytics market during the forecast period. Currently, both the regions collectively account for more than one-third share of the global data analytics market. In APAC, the market is projected to exhibit a relatively higher CAGR during the assessment period. Factors such as the growing investment in data analytical tools, growing technology expenditure in the developing countries and government initiatives in the development of smart cities is supporting the growth of the market in APAC.

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Intended Audience

• Data Analytics Companies
• Analytics Service Providers
• Software Developer Companies
• Service Providers
• Manufacturing Companies
• Big Data Analytics Service Providers

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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