LONDON–(BUSINESS WIRE)–
Technavio has been monitoring the global analytics market and the market is poised to grow by USD 105.89 billion during 2019-2023 at a CAGR of almost 15% during the forecast period. Request Free Sample Pages
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Read the 126-page research report with TOC on “Analytics Market Analysis Report by Solution (Services and Software), by End-users (BFSI, Manufacturing, Retail, Healthcare, and Others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 – 2023”.
The market is driven by the rising need to improve business efficiency. Also, the emergence of advanced analytical tools is anticipated to boost the growth of the analytics market further.
The generation of data in numerous organizations is increasing with the adoption of connected devices to boost employee connectivity and improve their business processes. They are applying analytics on the generated data to enhance business productivity using risk-averting models and predictive mechanisms. This leads to reduction in errors and failure rates and helps companies to attain new growth opportunities. Thus, the need to improve business efficiency is expected to drive market growth during the forecast period.
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Major Five Analytics Market Companies:
IBM
IBM is headquartered in the US and operates the business under various business segments such as Cognitive Solutions, Global Business Services, Technology Services and Cloud Platforms, Systems, and Global Financing. The company offers products such as IBM Watson and IBM Planning Analytics for the global analytics market.
Microsoft
Microsoft is headquartered in the US and offers products through the following business units: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The company offers products such as Microsoft Dynamics 365 AI, Analytics Platform System, and Big data and analytics.
Oracle
Oracle is headquartered in the US and operates under various business segments, namely Cloud and License, Hardware, and Services. The company offers products such as Analytics Cloud and Oracle Healthcare Analytics.
SAP
SAP is headquartered in Germany and offers products through the following business segments: Applications, Technology, and Services and SAP Business Network. The company offers products such as SAP HANA, SAP CloudPlatform, and SAP Vora.
SAS Institute Inc.
SAS Institute Inc. is headquartered in the US and offers products through the following business segments: Analytics, Business intelligence, and Data management software. The company offers products such as SAS Visual Analytics, SAS Analytics Pro, and SAS Analytics for IoT.
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Analytics End-Users Outlook (Revenue, USD Million, 2019 – 2023)
- BFSI
- Manufacturing
- Retail
- Healthcare
- Others
Analytics Regional Outlook (Revenue, USD Million, 2019 – 2023)
- APAC
- Europe
- MEA
- North America
- South America
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Related Reports on Information Technology are:
Procurement Analytics Market – Global Procurement Analytics Market by deployment (on-premises, and cloud-based) and geography (APAC, Europe, MEA, North America, and South America).
Customer Analytics Applications Market – Global Customer Analytics Applications Market by end-users (retail, BFSI, telecom and IT, healthcare, manufacturing, and other end-users) and geography (APAC, Europe, MEA, North America, and South America).
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