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COVID-19 Impact on Analytics Market 2019-2021: Microsoft, Teradata, IBM, Oracle, SAS Institute, Google, Adobe, Talend, Qlik, TIBCO Software, Alteryx, Sisense, Informatica, Splunk, Hitachi Vantara and Others.

04-28-2020 04:31 PM CET | IT, New Media & Software

Press release from: ReportsandReports

COVID-19 Impact on Analytics Market 2019-2021: Microsoft,

According to Market Study Report, Analytics Market provides a comprehensive analysis of the Analytics Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Analytics Market. An exclusive data offered in this report is collected by research and industry experts team.

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The COVID-19 impact on the Global Analytics Market size is expected 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. This report spread across 83 pages, profiling 22 companies and supported with 11 tables and 40 figures are now available in this research.

Top Key Players Profiled in the Analytics Market:
o Microsoft (US)
o Teradata (US)
o IBM (US)
o Oracle (US)
o SAS Institute (US)
o Google (US)
o Adobe (US)
o Talend (US)
o Qlik (US)
o TIBCO Software (US)
o Alteryx (US)
o Sisense (US)
o Informatica (US)
o Splunk (US)
o Hitachi Vantara (US)
o Information Builders (US)
o AWS (US)
o SAP (Germany)
o Salesforce (US)
o Micro Focus (UK)
o Micro Strategy (US)
o Thought Spot (US)

"Services segment to grow at a higher CAGR during the forecast period"
The COVID-19 impact on the analytics market, by component, is segmented into solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. The services considered in the report are managed and professional services. The growth of this segment can be attributed to the increasing deployment of analytics solutions, which leads to the growing demand for pre- and post-deployment services.

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"Healthcare industry vertical to grow at the highest CAGR during the forecast period"
The analytics market by industry vertical is segmented into nine categories: Banking, Financial Services and Insurance (BFSI), government and defense, healthcare, manufacturing, retail, media & entertainment, telecommunications &Information Technology (IT), transportation, energy & utilities and others (travel & hospitality and oil & gas). During the COVID-19 pandemic, the healthcare industry is under immense pressure to enhance and provide PPE, ventilators, prophylactic, and anti-viral drugs across the world.

"North America to hold the largest size during the forecast period"
In terms of geographic coverage, the analytics market has been segmented into five regions: North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and Latin America. APAC and Latin America are expected to record the highest growth rate during the forecast period, due to the rising digitalization across industry verticals, due to increasing data volume that compels organizations to leverage actionable insights from big data. North America is expected to hold the highest market share during the forecast period.

Breakdown of primary participants' profile:
o By Company: Tier I: 32%, Tier II:44%, and Tier III:24%
o By Designation: C-Level Executives:65%, Directors:23%, and Others:12%
o By Region: North America: 44%, APAC: 32%, Europe: 18%, MEA: 3%, and Latin America: 3%

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Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the global analytics market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

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