Press release
Embedded analytics market is projected to reach $60,281million by 2023. The market is segmented by model, business application, analytics tool and vertical
North America was the highest revenue contributor in the market in 2016, as it offers adequate infrastructural development for the adoption of embedded analytics technology. Asia-Pacific embedded analytics market is expected to grow at the highest rate during the forecast period, owing to evolution in IT security arena, increase in cloud adoption, growth in adoption of cloud computing, surge in demand for Internet of Things (IoT) and big data, and rise in demand for enterprise mobility.
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The sales & marketing business segment contributed the highest share in 2016. The segment accounted for $8,995 million in 2016, and is projected to grow at the CAGR of 13.1% during the forecast period. However, the embedded analytics market for operations is projected to grow at the highest rate of 14.2% during the forecast period. The BFSI segment accounted for the highest share of revenue in 2016, while the healthcare segment is anticipated to grow at the highest rate of 14.4%.
Emergence of big data and IoT among organizations, increase in reliability on mobile devices and cloud technology, and surge in need to integrate data analytics with the business applications to achieve optimum performance are the major factors that drive the global embedded analytics industry. In addition, growth in adoption of bring your own devices (BYOD), and increased demand for real-time visualization tools in business applications boost the growth of the global embedded analytics market.
Key Benefits
•In-depth analysis of the global embedded analytics market and dynamics is provided to understand the market scenario.
•Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
•Porters Five Forces analysis examines the competitive structure of the embedded analytics market and provides a clear understanding of the factors that influence the market entry and expansion.
•A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global embedded analytics industry.
•Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided.
•Detailed analyses of the key players operating in the global embedded analytics industry and their business strategies are anticipated to assist stakeholders to take informed business decisions.
Embedded Analytics Market Key Segments:
By Deployment Model
• On-premise
• Cloud-based
By Business Application
• Sales & Marketing
• Finance
• Operations
• Human Resource
By Analytics Tool
• Dashboard and Data Visualization
• Self-service Tools
• Benchmarking
• Reporting
By Vertical
• BFSI
• IT & Telecom
• Public Sector
• Manufacturing
• Retail
• Healthcare
• Energy & Utilities
• Others
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The report features a competitive scenario of the global embedded analytics industry and provides a comprehensive analysis of key growth strategies adopted by the major players. The key players profiled in the study are Birst, Inc., IBM Corporation, Information Builders, Logi Analytics, Microsoft Corporation, Microstrategy Inc., Opentext Corporation, Qlik Technologies, Inc., SAP SE, and TIBCO (The Information Bus Company) Software Inc.
About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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