Press Release / Technology / Data Analytics Market Comprehensive Plans, Competitive Landscape and Trends by Forecast 2023

Data Analytics Market Comprehensive Plans, Competitive Landscape and Trends by Forecast 2023

Market Highlights:

Data analytics is of paramount importance for any business. It is a means through which a firm can capitalize on the data that they have collected over the years. When it was first discovered, not many were aware of its numerous advantages. But now, as more and more people are discovering the many benefits associated with it, the demand for this procedure has shot up. This in turn, has provided that much needed push to the global data analytics market.

In simple terms, data analytics is used to interpret and discovery sensible patterns in any given data. This pattern can then be utilized to form a completely new strategy and boost any given business. This procedure is comprehensive and comprises of methods like operations research, statistical analysis and computer programming.

Many enterprise owners invest in data analytics to enhance the productivity and performance of their business. Furthermore, it can also be employed to predict and describe future trends. Additionally data analytics can also aid in making important business decisions or in devising the next plan of action for an organization. All in all, this innovative procedure has so far proven to be a boon for the business owners out there and will continue to be so in future as well.

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Major Key Players

Microsoft Corporation (U.S.),
SAP SE (U.S.),
Amazon Web Services Inc. (U.S.),
Oracle Corporation (U.S.),
SAS Institute Inc. (U.S.),
Dell Inc. (U.S.),
Alteryx, Inc. (U.S.),
Datameer Inc. (U.S.),
Looker Data Sciences, Inc. (U.S.)
IBM Corporation (U.S.).
According to MRFR, the report projects that the global Data Analytics Market for will exhibit a CAGR of 30.08% during the forecast period (2017-2023) to surpass a valuation of USD 77.64 billion.

Industry Updates:

Market Xcel Data Matrix (India) has announced the creation of a data analytics proposition by setting up a division that includes data scientists and consultants for utilization of smart analytics and data modeling.

Publicis Health (U.S.), the health division of Publicis Group, has acquired Payer Sciences, a data analytics health marketing agency.

Regional Analysis:

In 2016, North America accounted for the largest share of the global data analytics market and is expected to retain its position over the review period. Demand for data analytic services has conituned to grow in the U.S. and Canda in recent years. This is mainly attributed to the generation of large volume of unstructured data from smart connected devices and industrial Internet of Things (IoT), which is being synchronized using end-to-end analytical tools. Adoption of predictive analytics in big data by the e-commerce sector in the region is also contributing to the growth of the North America data analytics market.

In Asia Pacific, economic development coupled with the growth of the IT & BFSI sector has spurred a strong demand for data analytics tools. It is also projected to be the fastest growing market for the data analytics. High demand in BFSI, IT & telecommunication, retail, healthcare, food & beverage and government sector is creating growth opportunities for market players. Other factors such as growing technology expenditures in countries such as China and India, and demand for cost-effective advanced analytical software and services among small and medium-sized enterprises (SMEs) also influence the region’s market.

Segmentation:

The report delivers hard-hitting market facts and historical market trends along with correlations between the market dynamics and forecasts. In this report, the user will also come across an in-depth segmental analysis of the market based on type, solution, application, industry, deployment, organization size, and region, delivering valuable insights. The report also explores market dynamics such as drivers, trends, opportunities, and restraints, influencing the growth pattern of key market segments. The section also sheds light on the key micro and macroeconomic factors impactig the overall growth of the market.

By type, the market has been segmented into predictive analytics, prescriptive analytics, descriptive analytics, and customer analytics. By solution, the market has been segmnted into data management, fraud & security intelligence, data mining, data visualization, and data monitoring. By application, the market has been segmented into enterprise resource planning, supply chain management, human resource management, database management and others. All the segments and sub-segments are profiled under six major geographies– North America, South America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Rest of the World, with the respective country-level market sizes. For the scope of the research, the definition of the product/ service “data analytics ” is also included in the report. The report discusses the current prospects of the market and delivers an unbias growth assessment.

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Intended Audience

Data Analytics Companies
Analytics Service Providers
Software Developer Companies
Service Providers
Manufacturing Companies
Big Data Analytics Service Providers
List of Tables

TABLE 1 MARKET SYNOPSIS

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 GLOBAL DATA ANALYTICS MARKET, BY TYPE, 2016-2023 (USD MILLION)

TABLE 4 GLOBAL DATA ANALYTICS MARKET, BY SOLUTION, 2016-2023 (USD MILLION)

TABLE 5 GLOBAL DATA ANALYTICS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)

TABLE 7 GLOBAL DATA ANALYTICS MARKET, BY INDUSTRY, 2016-2023 (USD MILLION)

Continued….

List of Figures

FIGURE 1 GLOBAL DATA ANALYTICS MARKET: MARKET STRUCTURE

FIGURE 2 KEY TAKEAWAYS OF THE DATA ANALYTICS MARKET

FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)

FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)

FIGURE 5 ASIA PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023)

FIGURE 6 REST OF WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)

Continued….

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