Global Business Analytics Market

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 100+ | Published By - Infinium Global Research

Report Highlights

Global Business Analytics market to grow from USD 33.28 Billion in 2016 to USD 67.78 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.29%. The year 2016 has been considered as the base year, while the forecast period is upto 2021.
Organizations are influenced by the dynamic changes of their consumer behavior and the market place. The advanced analytics is bringing disruption by the mean of innovation, automation, accessibility of real-time data among all the industries. The companies are digging the historical and present data to get insights from changes occurring over period to forecast the future trends in demands and actions. Business Analytics solutions uses combination of complex data models and machine learning algorithms to support greater accessibility and hence strategical and tactical decision making. Nowadays, Organizations among all the industries are adopting Business analytics software and solutions to analyze the trends and patterns in the business for the long-term sustainability in the competitive environment.
Change in business dynamics, increasing need to use big data for customer analytics and critical business decision making are some of the factors driving the business analytics market. High initial implementation cost of business analytical solutions is hindering the market growth. Increasing demand of business analytics across different industry verticals and cloud based deployment of these applications offer numerous growth opportunity for business analytics solution providers. At present, cloud-based deployment for business analytics solutions is considered as an attractive option by consumers. Among SMEs, rising popularity of cloud-based solutions is result flexibility and scalability that its offers towards deployment of business analytics solutions.
Among verticals, retail, BFSI, and Telecom & IT segments are expected to reflect maximum adoption of business analytics solutions. On other hand, healthcare segment is expected to reflect highest growth over the forecast period. This is attributed to increasing convergence of analytics with healthcare solutions.

Segments Covered:
The report segments the business analytics market by software, deloyment type, user type and vertical. The software segment includes advanced & predictive analytics, content analytics, data warehousing platform, enterprise performance management, location intelligence and query, reporting & analysis tools. The deloyment type segment includes cloud and on-premises. The user type segment includes large enterprises and small & midsize business. The vertical segment includes banking, financial services & insurance, energy & utilities, education, government, healthcare & life sciences, manufacturing, media & entertainment, retail, telecommunication & it and others.

Companies Profiled:
The companies covered in the report include Infor, International Business Machines Corporation - NYSE:IBM, Microsoft Corporation - NASDAQ:MSFT, MicroStrategy - NASDAQ:MSTR, Oracle Corporation - NYSE:ORCL, QLIK - NASDAQ:QLIK, SAP SE - NYSE:SAP, SAS Institute, Tableau Software - NASDAQ:DATA and TIBCO Software.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America leads the global business analytics market followed by Europe and Asia-Pacific.The business analytics market in Asia-Pacific is projected to reflect highest CAGR over the forecast period.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of business analytics globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of business analytics. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the business analytics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.

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