Embedded Analytics Market To Reach USD 86.52 Billion By 2026
Market Summary: The growth of the market is governed by various factors such as rising demand to combine analytics into enterprise applications, and rising focus on customer satisfaction. Market Size – USD 30.87 Billion in 2018, Market Growth - CAGR of 13.7%, Market Trends-The emergence of IoT and Augmented Analytics. The embedded analytics market is expected to reach USD 86.52 Billion by 2026, according to a new report by Reports and Data. Embedded analytics is an emerging means for data analysis where users can investigate data across various business applications and workflows and make valuable decisions. Most of the companies are shifting towards embedded analytics due to the combined structure of the business application and BI tools in a particular suite. The conventional BI tools obtain insights from data analysis and needs support for real-time business decisions. Further key findings from the report suggest • The embedded analytics market is estimated to reach USD 86.52 Billion by 2026, at a CAGR of 13.7% during the forecast period. • The software component accounted for a larger share of 65.1% of the market in 2018. • The cloud deployment is anticipated to grow at a higher rate of 14.4% during the forecast period. • The healthcare application segment is anticipated to grow at the highest rate of 13.8% during the forecast period. www.reportsanddata.com
Key participants : IBM Corporation, Birst, Inc., Logi Analytics, Information Builders, Microstrategy Inc., Microsoft Corporation, Opentext Corporation, SAP SE, Qlik Technologies, Inc., and TIBCO. Segmentation: • Deployment Outlook (Revenue, USD Million; 2016-2026) On-Premise Cloud • Component Outlook (Revenue, USD Million; 2016-2026) Software Services • Application Outlook (Revenue, USD Million; 2016-2026) Healthcare IT & Telecommunications Retail and Consumer goods www.reportsanddata.com
Regional Outlook for Embedded Analytics Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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