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Data Analytics Market worth $162.03 billion by 2030, growing at a CAGR of 18.68% - Exclusive Report by 360iResearch
Data Analytics Market | 360iResearch
The Global Data Analytics Market to grow from USD 48.85 billion in 2023 to USD 162.03 billion by 2030, at a CAGR of 18.68%.
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Data Analytics examines, transforms, and models datasets to discover useful information, inform conclusions, and support decision-making. This discipline encompasses different techniques, including business intelligence, data mining, and predictive analytics. Data analytics is a critical aspect of modern businesses and organizations, as it enables them to analyze historical data to understand trends, predict upcoming challenges or outcomes, and base strategic decisions on empirical evidence. Technological advancements have made data analytics tools and methodologies increasingly sophisticated, providing deeper insights and more accurate predictions. The data analytics market is propelled by an ever-increasing accumulation of big data and an imperative for informed decision-making, enhancing the allure of data-driven strategies. Breakthroughs in AI and machine learning are elevating analytical competencies, thereby intensifying market momentum. The surge in IoT devices contributes to a vast influx of data, necessitating advanced analytics solutions. However, challenges include maintaining data integrity, navigating privacy and security regulations, addressing the talent deficit in data expertise, and managing data integration and volume complexities. These challenges need diligent focus to realize the full potential of data analytics. Moreover, the shift toward cloud-based analytics platforms revolutionizes scalability and accessibility for varied business sizes, facilitating wider adoption. Applying analytics across diverse sectors unlocks the potential for systemic enhancement and spurs innovation. Accessibility to analytics is broadening with the emergence of user-friendly tools, empowering a wider audience to participate in data-informed decision-making processes, fostering market growth.
Market Segmentation & Coverage:
This research report categorizes the Data Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Customer, Descriptive, Predictive, and Prescriptive. The Customer is projected to witness significant market share during forecast period.
Based on Solution, market is studied across Data Management, Data Mining, Data Monitoring, and Fraud & Security Intelligence. The Fraud & Security Intelligence is projected to witness significant market share during forecast period.
Based on Function, market is studied across Accounting & Finance Analytics, HR Analytics, Marketing Analytics, Operational Analytics, and Sales Analytics. The HR Analytics is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-Premises. The Cloud is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.
Based on Application, market is studied across Enterprise Resource Planning, Database Management, Human Resource Management, and Supply Chain Management. The Enterprise Resource Planning, Database Management is projected to witness significant market share during forecast period.
Based on End Use, market is studied across BFSI, Energy & Power, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, Retail & E-Commerce, and Transport & Logistics. The Transport & Logistics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Data Analytics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Data Analytics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Data Analytics Market, highlighting leading vendors and their innovative profiles. These include Alteryx, Inc, Amazon Web Services, Inc., Datameer, Inc., Dell Inc., IBM Corporation, Looker Data Sciences, Inc., Microsoft Corporation, Mu Sigma, Oracle Corporation, SAP SE, SAS Institute Inc., SiSense Inc, Tableau Software, LLC., ThoughtSpot, Inc., and Zoho Corporation Pvt. Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Data Analytics Market, by Type
7. Data Analytics Market, by Solution
8. Data Analytics Market, by Function
9. Data Analytics Market, by Deployment
10. Data Analytics Market, by Organization Size
11. Data Analytics Market, by Application
12. Data Analytics Market, by End Use
13. Americas Data Analytics Market
14. Asia-Pacific Data Analytics Market
15. Europe, Middle East & Africa Data Analytics Market
16. Competitive Landscape
17. Competitive Portfolio
18. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Data Analytics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Data Analytics Market?
3. What is the competitive strategic window for opportunities in the Data Analytics Market?
4. What are the technology trends and regulatory frameworks in the Data Analytics Market?
5. What is the market share of the leading vendors in the Data Analytics Market?
6. What modes and strategic moves are considered suitable for entering the Data Analytics Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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