Press release
Business Analytics Software Market to Top $86,451 Million by 2023 ( 9.7% of CAGR Recorded) Top Industry Players Oracle, SAS, SAP SE, IBM, Microsoft, Adobe Systems, Tableau Software., Salesforce, QlikTech International AB, Fair ISAAC Corporation
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Rise in demand for business analytics software and increase in consumer awareness about the benefits of business analytics software such as easy access to vital business metrics, useful insight on customer behavior, increased revenue, improved efficiency, and others drive the growth of the market. However, factors such as high implementation cost and shortage of skilled workforce hamper the business analytics software market growth to a certain extent.
Others industry vertical segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to surge in adoption of the software by numerous industries. Furthermore, retail is expected to grow at the highest CAGR during the forecast period.
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The global business analytics software market was led by the customer analytics segment in 2016, and the segment is projected to maintain its dominance during the forecast period. However, the others segment is expected to witness the highest growth, owing to increase in adoption of business analytics software by many small- & medium-sized businesses for different applications.
In 2016, the global market was dominated by the cloud segment, and is expected to continue this trend during the forecast period. However, the segment is also expected to witness the highest growth, owing to increase in deployment of cloud-based software by multiple organizations.
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Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
