Press release
Data Analytics Market Projected to reach 303.4 Bn with a health CAGR of 27.60% During 2023-2030 - Report by Market Research Future (MRFR)
Data Analytics Market
Market Analysis:
The data analytics market has experienced exponential growth in recent years, driven by the proliferation of data, advancements in technology, and the increasing adoption of analytics-based decision-making. According to MRFR, the global data analytics market size is projected to reach USD 303.4 billion by 2030, with a compound annual growth rate (CAGR) of 27.60% from 2023 to 2030. This growth trajectory underscores the pivotal role that data analytics plays in reshaping business strategies and operations on a global scale.
Market Key Players:
The competitive landscape of the data analytics market is characterized by the presence of prominent players such as:
• IBM Corporation (US)
• SAP SE (Germany)
• Microsoft (US)
• Tableau Software LLC. (US)
• Oracle (US)
• Amazon Web Services Inc. (US)
• SiSense Inc (US)
• Zoho Corporation Pvt. Ltd. (India)
ThoughtSpot Inc. (US)These industry leaders have established their dominance through a robust portfolio of data analytics solutions, strategic partnerships, and continuous innovation. Moreover, emerging players and startups are also making significant strides in the market by introducing niche offerings that cater to specific industry verticals and use cases.
Click Here to Get Sample Premium Report -
https://www.marketresearchfuture.com/sample_request/1689
Market Segmentation:
The data analytics market is segmented based on components, deployment modes, organization sizes, applications, and industries. The components include software, services, and hardware, while deployment modes encompass on-premises and cloud-based solutions. Organization sizes range from small and medium-sized enterprises (SMEs) to large enterprises, with applications spanning customer analytics, operational analytics, financial analytics, and more. Furthermore, the market caters to diverse industries such as healthcare, retail, BFSI, manufacturing, and telecommunications, each with unique analytics requirements and challenges.
Market Drivers and Opportunities:
Several factors are driving the growth of the data analytics market, including the escalating volume of data generated by organizations, the need for real-time insights, and the rising demand for predictive and prescriptive analytics. Moreover, the advent of artificial intelligence (AI) and machine learning (ML) has unlocked new opportunities for leveraging data analytics to drive innovation, automate processes, and enhance customer experiences. Furthermore, the increasing focus on data-driven decision-making and the pursuit of digital transformation initiatives present a myriad of opportunities for vendors and service providers in the data analytics space.
Restraints and Challenges:
Despite the promising growth prospects, the data analytics market faces challenges related to data privacy and security, data silos, talent shortages, and the complexity of integrating disparate data sources. Additionally, organizations grapple with the task of deriving meaningful insights from unstructured data and ensuring the ethical use of data analytics. Furthermore, the evolving regulatory landscape and compliance requirements pose challenges for businesses seeking to harness the full potential of data analytics while adhering to data protection laws and industry standards.
Buy this Premium Research Report at -
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1689
Regional Analysis:
The data analytics market exhibits a strong presence across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant share of the market, driven by the presence of established technology vendors, a robust digital infrastructure, and a proactive approach towards data-driven decision-making. Meanwhile, the Asia Pacific region is poised for substantial growth, fueled by rapid digitalization, increasing investments in analytics capabilities, and the emergence of data-driven enterprises across diverse industry verticals.
Latest Industry Updates:
The data analytics market is witnessing a wave of innovations and developments that are reshaping the industry landscape. Notable industry updates include the integration of augmented analytics capabilities, the convergence of data analytics with business intelligence and AI, and the proliferation of industry-specific analytics solutions tailored to the unique needs of sectors such as healthcare, retail, and e-commerce. Furthermore, the emergence of edge analytics and the adoption of advanced data visualization tools are revolutionizing the way organizations harness and derive value from their data assets.
Browse Full Report Details -
https://www.marketresearchfuture.com/reports/data-analytics-market-1689
Data analytics market continues to evolve in response to the growing demand for actionable insights, data-driven decision-making, and transformative business outcomes. As organizations navigate the complexities of data analytics, they are presented with a myriad of opportunities to leverage advanced technologies, harness diverse data sources, and unlock the full potential of analytics-driven innovation.
This Research Report is Available in French Language -
https://www.marketresearchfuture.com/fr/reports/data-analytics-market-1689
Top Trending Reports:
AI Camera Market - https://medium.com/@hemantkolhe.mrfr/ai-camera-market-size-and-share-report-2024-2032-d8997cd67295
Live Streaming Market - https://medium.com/@hemantkolhe.mrfr/live-streaming-market-insights-overview-trends-and-forecast-to-2032-9f081250128a
Influencer Marketing Market - https://medium.com/@hemantkolhe.mrfr/influencer-marketing-market-research-methodology-structure-forecast-to-2032-8f719f261834
Online Travel Market - https://medium.com/@hemantkolhe.mrfr/online-travel-market-insights-on-growing-applications-by-2030-6d5951ceaa50
AI in Telecommunication Market - https://medium.com/@hemantkolhe.mrfr/ai-in-telecommunication-market-outlook-in-comparison-to-2024-2032-growth-forecast-74e485227000
AI Recruitment Market - https://medium.com/@hemantkolhe.mrfr/ai-recruitment-market-analysis-growth-impact-and-demand-by-regions-till-2032-1ab4264bf214
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Analytics Market Projected to reach 303.4 Bn with a health CAGR of 27.60% During 2023-2030 - Report by Market Research Future (MRFR) here
News-ID: 3437513 • Views: …
More Releases from Market Research Future (MRFR)
![US Digital Twin Market Expected to Reach US$ 64.50 Billion by 2032 | CAGR 43.50% [PDF Version]](https://cdn.open-pr.com/L/4/L412390752_g.jpg)
US Digital Twin Market Expected to Reach US$ 64.50 Billion by 2032 | CAGR 43.50% …
A recent report published by Market Research Future titled "United States Digital Twin Market Research Report Information By Application (Predictive Maintenance, Business Optimization, Product Design & Development, and Others), By End User (Aerospace & Defense, Automotive & Transportation, Healthcare, Retail, Manufacturing, Energy & Utilities, Real Estate, IT and Telecom and Others)" reveals that the global market was valued at $3.587 billion in 2023. It is projected to grow at a…
US Business Intelligence Market is Anticipated to Reach $ 15.3 Billion by 2032 | …
Market Research Future®, a globally acclaimed market research firm, has released an in-depth report titled "US Business Intelligence Market Research Report Information by Technology (Mobile BI, Cloud BI, and Social BI), By Service (Hosted and Managed), By Deployment (On-Premises and On Cloud), By Component (Hardware and Software)" - Forecast till 2032
✦ Market Overview:
The US business intelligence market is a dynamic and rapidly evolving sector that leverages technology and data analytics…
Food Packaging Market Size, Share, Segmentation, Regional Analysis and Growth Fo …
The Food packaging market, an indispensable facet of the larger packaging industry, is not just about encasing food products; it's a dynamic landscape constantly evolving to meet consumer demands, regulatory requirements, and sustainability imperatives.
The food packaging market is vast and multifaceted, encompassing a myriad of materials, formats, and technologies. From flexible pouches and cartons to rigid plastics and metal cans, the array of packaging options available today is staggering. Moreover,…
Cloud AI Market is Anticipated to Reach USD 1068.0 Billion by 2032 | A CAGR 36.0 …
Market Research Future®, a globally acclaimed market research firm, has released an in-depth report titled "Cloud AI Market Research Report: Information By Type (Solution and Service) and By End User (BFSI, Healthcare, Automotive, Retail, Government, Education, and Other)" - Forecast till 2032
The Cloud AI market has witnessed remarkable growth in recent years, propelled by the growing demand for AI-powered solutions that can enhance business operations, customer experiences, and decision-making processes.…
More Releases for Data
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “
The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology.
Data quality and data governance…
