Explosive Growth Projected: Embedded Analytics Market to Surge at 13.6% CAGR, Asia-Pacific Emerges as Growth Leader

As per the findings presented in the report by Allied Market Research, the global embedded analytics market recorded a revenue of $25.13 billion in 2016, with projections indicating a growth to $60.28 billion by 2023. This reflects a compound annual growth rate (CAGR) of 13.6% from 2017 to 2023. The report provides a thorough examination of evolving market dynamics, key strategies leading to success, business performance, major segments, and the competitive landscape.

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The expansion of the global embedded analytics market is propelled by the increasing integration of analytics into diverse business applications and a growing emphasis on big data and the Internet of Things (IoT) within organizations. Nonetheless, challenges such as high investment costs and a lack of analytical expertise may pose obstacles to market growth. Conversely, there are emerging opportunities driven by a rising demand for standalone self-service analytics tools and real-time visualization tools in business applications in the years to come.

The embedded analytics market is currently experiencing a growth phase, with an anticipated average growth rate of 13.6% throughout the forecast period. Organizations are increasingly prioritizing real-time analytics integrated into their business applications to collect data that aids in the decision-making process. North America holds the highest share in the embedded analytics market in terms of revenue, whereas the Asia-Pacific region is projected to experience the most significant growth in the coming forecast period.

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In 2016, the cloud-based deployment model segment held the largest market share and is anticipated to continue its dominance during the forecast period. Furthermore, it is expected to exhibit the highest Compound Annual Growth Rate (CAGR) of 14.2% from 2016 to 2023. The on-premise deployment model segment is also examined in the report.

In terms of business application, the sales & marketing segment dominated the market in 2016 and is projected to maintain its leading position throughout the forecast period. Additionally, this segment is forecasted to achieve the highest CAGR of 13.1% from 2016 to 2023. The report also provides an analysis of the finance segment during the forecast period.

Regarding geographical distribution, North America held the largest market share in 2018 and is expected to sustain its dominance throughout the forecast period. The report also assesses other regions, including Europe, Asia-Pacific, and LAMEA, from 2020 to 2027.

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The research highlights key market players, including Birst, Inc., Information Builders, Microsoft Corporation, Opentext Corporation, SAP SE, International Business Machines Corporation, Logi Analytics, Microstrategy Inc., Qlik Technologies, and Tibco (The Information Bus Company) Software Inc.

Embedded Analytics Market: Key Advantages:

• Gain comprehensive insights into the global market dynamics, fostering a deep understanding of the current scenario.

• Utilize quantitative analysis spanning from 2017 to 2023 to empower strategists and stakeholders in seizing existing opportunities and forecasting future trends.

• Leverage Porters Five Forces analysis for a thorough examination of the market's competitive landscape, offering clarity on factors influencing market entry and expansion.

• Identify lucrative segments within the global industry through detailed analysis of geographical segments, enabling embedded analytics market players to make informed decisions.

• Access detailed examinations of trends, sub-segments, and key revenue areas, facilitating a holistic understanding of market dynamics.

• Anticipate business strategies of key players in the global embedded analytics industry through comprehensive analyses, aiding stakeholders in making informed and strategic decisions.

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