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Embedded Analytics Market Size, Insights, Outlook, Overview 2024-2033
Embedded Analytics Market
As per the report, the embedded analytics market size has grown rapidly in recent years. It will grow from $62.46 billion in 2023 to $71.03 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The embedded analytics market size is expected to see rapid growth in the next few years. It will grow to $127.16 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%.
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High Demand From Data-Driven Organizations Drives Embedded Analytics Market Growth
High demand from data-driven organisations is expected to propel the embedded analytics market. A data-driven organisation collects, monitors, and analyses the raw data for the decision-making process. The increasing variations and complexity in data sets are increasing demand for embedded analytics to help employees in decision making, beat their competition, and help customers gain insights. For instance, in May 2021, an Irish American professional services company published an article that said 7 out of 10 enterprises in 2021, are data-driven and it is expected that data-driven enterprises will experience an annual growth of over 30%. 87% of all employees believe in the value of data. Therefore, high demand from data-driven organizations will contribute to the embedded analytics market growth.
Technological Advancements Revolutionize The Market
Technological advancements have emerged as the key trends gaining popularity in the embedded analytics market. The major companies are incorporating advanced technological solutions into embedded analytics tools to improvise the different functional usages. For instance, in October 2023, insightsoftware, a USA-based software company launched Logi Symphony, an embedded business intelligence and analytics system for any web-based application with extensive new capabilities that help companies to quickly make data-rich application experiences that keep their customers engaged. Logi Symphony provides seamless integration, flexible customization, and composability with a rich user experience. It also enables enterprise application teams to launch products faster, drive end-user data-driven decision intelligence, improve customer retention and engagement with in-app contextual analytics, and monetize data through self-service analytics.
The embedded analytics market covered in this report is segmented -
1) By Solution: Software, Services
2) By Deployment Mode: On-Premise, Cloud-Based
3) By Organistion Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Finance, HR, IT, Marketing And Sales, Production, Other Applications
5) By End-User Vertical: Telecommunications And IT, Retail, Healthcare, Manufacturing, Other Verticles
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Major companies operating in the embedded analytics market report are MicroStrategy Incorporated, TIBCO Software Inc., Tableau Software LLC, SAS Institute Inc., Oracle Corporation, The International Business Machines Corporation, Microsoft Corporation, Infor Inc., SAP SE, Yellowfin International Pty. Ltd., Sisense Inc., Information Builders Inc., OpenText Corporation, QlikTech International AB, GoodData, Zoho Analytics, Logi Analytics Inc., OpenText Corp., Izenda Inc., Vertica Systems Inc., WNS Global Services SA Pty. Ltd., Exago, Inc., Looker Data Sciences Inc., Phocas Software, Dundas Data Visualization Inc., InetSoft Technology Corp., Pyramid Analytics, Anaplan Inc., Cloudera Inc., Dataiku Inc.
Contents of the report:
1. Executive Summary
2. Embedded Analytics Market Report Structure
3. Embedded Analytics Market Trends And Strategies
4. Embedded Analytics Market - Macro Economic Scenario
5. Embedded Analytics Market Size And Growth
…..
27. Embedded Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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