Data Analytics Market 2019 Industry Development Challenges, Opportunities, Market Entry Strategies, Key Manufacturers Analysis 2022

The report on the global Data Analytics market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:
The report published by Market Research Future (MRFR) on the global data analytics market is anticipated to exhibit remarkable expansion at a CAGR of 30.08% during the forecast period of 2017-2023 and reach the market valuation of USD 77.64 Bn by the end of the forecast period. Data analytics is a technique utilized by various commercial industries for the identification of future outcomes based on the dynamics of historical data.

Data Analytics is a technique which examines various data sets, in order to obtain conclusions from the information they contain with the help of specialized software tools and systems. Data Analytics includes methodologies such as exploratory data analysis (EDA) and confirmatory data analysis (CDA). EDA helps in finding the data patterns while CDA with the help of statistical techniques, helps in determining whether hypothesis for the data set is true or false. Data Analytics takes the help of techniques such as data mining, predictive analysis, machine learning and others over the high volume equipment data which contains structured or unstructured or semi-structured data and churn out useful information from it. Data Analytics is used in financial sectors in back and credit card companies for preventing fraud by analysing the withdrawal and spending patterns of customer.

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Major 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.)
• IBM Corporation (U.S.).

According to MRFR, the report projects that the global Data Analytics Market for will exhibit a CAGR of 30.08% during the forecast period (2017-2023) to surpass a valuation of USD 77.64 billion.

Competitive Landscape

The global market for Data Analytics is occupied by various players namely IBM Corporation, SAS Institute, Oracle Corporation, Amazon Web Services, Microsoft Corporation, SAP SE. These companies collectively accounted for more than 54.85% share of the global data analytics market in 2016. These companies are likely to maintain their strong global presence through expansion, merger & acquisition, and extensive product portfolio.
Oracle Corporation held the second position in terms of market share, in 2016. The company focuses on more acquisitions to provide its customers with the real-world service-oriented architectural integration. The company has recorded immense growth in enterprise performance management & business intelligence and focuses on offering cost-efficient technical solutions.

Microsoft Corporation holds the third spot in terms of market share. The company focusses on technology innovation, which is a critical aspect of economic growth. The company plans to continue investing in data centers and related infrastructure to support the services associated with it. Microsoft Corporation focuses on business planning, reinventing productivity and business processes along with building intelligent cloud platform.

SAP SE is one of the most competitive players in this market. The company has two major focus areas – digital innovation and customer satisfaction. The company’s strategy is to continue developing new and market-leading applications, invest in disruptive technologies, and focus on mergers and acquisition to meet the targets.

Global Data Analytics Market: Industry Updates
Market Xcel Data Matrix (India) has announced the creation of a data analytics proposition by setting up a division that includes data scientists and consultants for utilization of smart analytics and data modeling.
Publicis Health (U.S.), the health division of Publicis Group, has acquired Payer Sciences, a data analytics health marketing agency.

Regional Analysis:
The global data analytics market has been geographically segmented into four major regions such as Europe, North America, Asia Pacific (APAC) and the rest of the world. The North America region is projecting dominance over the global data analytics market owing to the presence of well-developed IT sector and rapid adoption of predictive analytics in various end-use industries in this region. Increasing investment in data analytic tools and presence of large volume of unstructured data that requires proper analysis for taking business decisions in various industries are propelling the expansion of the data analytics market in the Europe region. Recent technological advancement and high demand for synchronization of IoT in various industrial sectors by using end-to-end analytical tools are fueling the growth of data analytics market in the Asia Pacific region.

Segmentation:
The global data analytics market is segmented on the basis of type, solution, application, industry, deployment, and organization size. By type, the global data analytics market has been segmented into predictive analytics, descriptive analytics, prescriptive analytics, and customer analytics. By solution, the global data analytics market has been segmented into data management, data mining, fraud and security intelligence, data visualization, and data monitoring.

By application, the global data analytics market has been segmented into enterprise resource planning, supply chain management, database management, human resource management, and others. By industry, the global data analytics market has been segmented into BSFI, manufacturing, retail and e-commerce, energy and power, healthcare, IT and telecommunication, transport and logistics, media and entertainment, and others. By deployment, the global data analytics market has been segmented into cloud and on-premise. By organization size, the global data analytics market has been segmented into small and medium enterprises (SMEs) and large enterprises.

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

List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL DATA ANALYTICS MARKET, BY TYPE, 2016-2023 (USD MILLION)
TABLE 4 GLOBAL DATA ANALYTICS MARKET, BY SOLUTION, 2016-2023 (USD MILLION)
TABLE 5 GLOBAL DATA ANALYTICS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
TABLE 7 GLOBAL DATA ANALYTICS MARKET, BY INDUSTRY, 2016-2023 (USD MILLION)
Continued….

List of Figures
FIGURE 1 GLOBAL DATA ANALYTICS MARKET: MARKET STRUCTURE
FIGURE 2 KEY TAKEAWAYS OF THE DATA ANALYTICS MARKET
FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 5 ASIA PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 6 REST OF WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
Continued….

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