Press release
Service Analytics Market to Reflect Steady Growth Rate by 2030 | Oracle, SAS, Microsoft
Service Analytics
The Service Analytics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include :
Oracle Corporation (United States ), Salesforce.com, Inc. (United States ), ServiceNow, Inc. (United States ), SAP SE (Germany), SAS Institute (United States ), Tableau Software (United States ), Microsoft Corporation (United States ), ClickSoftware Technologies (United States ), Sisense (United States), MicroStrategy Incorporated (United States)
According to HTF Market Intelligence, the global Service Analytics market is valued at USD million in 2023 and estimated to reach a revenue of USD million by 2029, with a CAGR of 13.8% from 2023 to 2029.
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Definition :
Service analytics refers to the use of data analysis and statistical methods to extract meaningful insights and patterns from the vast amount of data generated by service-oriented businesses. These businesses may include various service providers such as telecommunications, healthcare, financial services, and more.
The primary goal of service analytics is to leverage data to optimize and improve the delivery of services, enhance customer experiences, and drive overall business performance. By analyzing various metrics and key performance indicators (KPIs), organizations can gain valuable insights into the efficiency, effectiveness, and quality of their services.
Market Trends :
Understanding and optimizing the entire customer journey became increasingly important.
Service analytics was used to track customer interactions across various touchpoints,
helping businesses improve customer experiences and enhance customer satisfaction.
Market Drivers :
The increasing volume, variety, and velocity of data generated in today's digital age provide organizations with a wealth of information.
Service analytics allows businesses to harness this data to gain valuable insights into customer behavior,
operational efficiency, and other crucial aspects of service delivery.
Market Opportunities :
Organizations can use this information to tailor services, improve customer satisfaction, and create personalized experiences, leading to increased customer loyalty and retention.
Market Leaders and their expansionary development strategies :
In March 2023, Service Express, a leading provider of data center solutions announced the acquisition of ServIQ. The acquisition aimed to complement Service express existing channel partner program and build a current portfolio of solutions. In May 2022, Anyway Road announced the launch of self-service analytics solutions. This launch aims to allow brands to utilize self-service analytics capabilities for optimization, benchmark comparison, and data fragmentation. In February 2022, Nokia announced the launch of two new software-as-a-service (SaaS) in the field of analytics.
Target Audience :
New Entrants/Investors, Analysts and Strategic Business Planners, Service analytics solution providers, Government Research Organizations, Private Research Organization, Government Bodies, End-Users, Others
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The Global Service Analytics Market segments and Market Data Break Down are illuminated below :
Global Service Analytics Market Breakdown by Application (BFSI, Retail, Government, IT & Telecom, Healthcare, Manufacturing, Others)
by Type (Predictive, Prescriptive, Diagnostic, Descriptive) by Deployment Mode (Cloud, On-Premises
by Organization Size (Small & Medium Enterprises, Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Service Analytics market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions :
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Objectives of the Report :
• -To carefully analyze and forecast the size of the Service Analytics market by value and volume.
• -To estimate the market shares of major segments of the Service Analytics
• -To showcase the development of the Service Analytics market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Service Analytics market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Service Analytics
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Service Analytics market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Major highlights from Table of Contents :
Service Analytics Market Study Coverage :
• It includes major manufacturers, emerging player's growth story, and major business segments of Service Analytics market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Service Analytics Market Executive Summary :
• It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Service Analytics Market Production by Region Service Analytics Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Service Analytics Market Report :
• Service Analytics Overview, Definition and Classification Market drivers and barriers
• Service Analytics Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Service Analytics Market
• Service Analytics Capacity, Production, Revenue (Value) by Region (2023-2030)
• Service Analytics Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Service Analytics Production, Revenue (Value), Price Trend by Type {Predictive, Prescriptive, Diagnostic, Descriptive}
• Service Analytics Manufacturers Profiles/Analysis Service Analytics Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered :
How feasible is Service Analytics market for long-term investment?
What are influencing factors driving the demand for Service Analytics near future?
What is the impact analysis of various factors in the Global Service Analytics market growth?
What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.
Contact Us :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
Connect with us at LinkedIn | Facebook | Twitter
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
