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Big Data Analytics is Going to Boom with Key Players | RetailNext, SAP SE, SAS Institute

11-09-2021 02:01 PM CET | Industry, Real Estate & Construction

Press release from: Report Ocean

Big data analytics in retail enables detecting customer behavior, discovering customer shopping patterns and trends, improving quality of customer service, and achieving better customer retention and satisfaction. It can be used by retailers for customer segmentation, customer loyalty analysis, pricing analysis, cross selling, supply chain management, demand forecasting, market basket analysis, and finance and fixed asset management.

Rise in spending on big data analytics tools, increase in need to deliver personalized customer experience to increase sales, surge in adoption of customer-centric strategies, and rise in awareness regarding benefits of big data analytics in retail are major factors that fuel growth of the big data analytics in retail market. In addition, rise in growth of the e-commerce sector also propels growth of this market.

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However, issues in collecting and collating data from disparate systems are expected to hinder the big data analytics in retail market growth. On the contrary, integration of new technologies such as machine learning and AI in big data analytics in retail is expected to provide lucrative opportunities for the market growth in the coming years

The big data analytics in retail market is segmented on the basis of component, deployment, organization size, application, and region. By component, the market is categorized into software and services. On the basis of deployment, it is classified into on-premise and cloud. As per organization size, market is divided into large enterprises and small & medium sized enterprises (SMEs). Depending on application, it is divided into sales & marketing analytics, supply chain operations management, merchandising analytics, customer analytics, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The company profiles in the big data analytics in retail market players included in this report are Alteryx Inc., IBM, Microsoft, Microstrategy Inc., Oracle Corporation, Qlik Technologies Inc., RetailNext, SAP SE, SAS institute, and Teradata.

KEY BENEFITS FOR STAKEHOLDERS

- The study provides an in-depth analysis of the big data in retail market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of big data in retail storage market for the period 2020-2028 is provided to determine the market potential.

KEY MARKET SEGMENTS
BY COMPONENT
- Software
- Services

BY DEPLOYMENT TYPE

- On-Premise
- Cloud

BY Organization Size

- Large Enterprise
- Small & Medium Enterprise
By Applications

- Sales & marketing analytics
- Supply chain operations management
- Merchandising analytics
- Customer analytics
- Others

BY REGION
- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa
o Rest of LAMEA

KEY MARKET PLAYERS

- Alteryx Inc
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Qlik Technologies Inc.,
- RetailNext
- SAP SE
- SAS Institute
- Teradata

Key inquiries responded to: Study Explore COVID 19 Outbreak Impact Analysis

Market size and development rate during the conjecture time frame.
Key elements driving the market.
Key market patterns laughing out loud the development of the market.
Difficulties to advertise development.
Key merchants of Market.
Point by point SWOT investigation.
Openings and dangers looked by the current merchants in Global Market.
Moving elements affecting the market in the geological areas.
Key drives zeroing in on the main merchants.
PESTLE examination of the market in the five significant areas.

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Market investigation requires cautious thoughtfulness regarding the accompanying:

Market Analysis:

To make this segment hearty, we assist you with recognizing industry size, development rates, drivers, challenges, central parts, and market figures, and arising patterns.

Cutthroat Analysis:

Understanding your opposition is basic to your prosperity. This part incorporates an examination of your key rivals, their items/benefits, their differentiators, and pieces of the pie.

Target Market and Customers:

Identifying and focusing on explicit objective business sectors are one more key piece of your industry examination where exploration is essential. Do you have to contemplate the socioeconomics and purchasing practices of your clients? How might you best contact them? What sorts of difficulties do they have? How would they get a kick out of the chance to be showcased?

Intensity Industry fixation:

This is a proportion of the quantity of firms in an industry and the size of the dominating firms in the business. It shows the idea of the opposition. Distinguish the main players in the business. What percent of the market is constrained by the biggest organizations (for instance, the four biggest firms)? What is the piece of the pie of each significant firm? What is the quantity of firms over a specific size? Is there a prevailing industry pioneer? Who right?

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