Business analytics software conducts predictive analysis to derive decision-making inputs and insights through the application of statistical tools and methods in business performance data. It analyses business data and information through continuous investigation and exploration of historical business performance data to obtain decisive insights for business planning. It helps the organizations to optimize their business operations and facilitates informed & strategic decision-making.
Increase in adoption of business analytics software by many organizations due to continuously increasing investments in business intelligence and analytic tools to drive revenue growth and improve service efficiencies fuels the growth of the market. Furthermore, surge in demand for cloud-based business analytics software among small- & medium-sized businesses and increase in awareness about numerous benefits provided by this software have provided the marketers with immense scope to target their customers and enhance the user experience.
In 2018, the global Business Analytics Software market size was 49700 million US$ and it is expected to reach 104000 million US$ by the end of 2025, with a CAGR of 9.7% during 2019-2025.
Global Market Outline: Business Analytics Software Market
Emerging Trends—technological development is moving notoriously fast in this age, especially with information and communication technology industry. These platforms are maturing as new and existing technologies are combining results in evolving and commingle of new forms of opportunities. The enterprises, to stay on top of trends, they must remain vigilant in keeping an eye on the recent developments upcoming in the future.
The key players covered in this study
Adobe Systems Incorporated
QlikTech International AB
Fair Isaac Corporation
In this study, the years considered to estimate the market size of Business Analytics Software are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
Latest update on Business Analytics Software Market
ICT companies have generally viewed the evasion and decrease in costs as the main benefit of cloud-based flexible consumption. However, over the past few years, new and positively strategic factors such as IT increased commercial agility and experimental innovations seem to be driving the rapid progress of service based. Benefits such as the rapid adoption and changes in the everything-as-a-service (XaaS) solutions contribute to the exponential expansion of the cloud’s value proposition and enhance consumer experiences. Furthermore, XaaS abilities are making it easier and cheaper for wide ranges of consumers to groundbreaking services and technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT)-based solutions. Now, continues large-scale and medium and small-medium enterprises (MSMEs) can employ powerful skills.
Market segment by Type, the product can be split into
Supply Chain Analytics
Market segment by Application, split into
IT & Telecom
Market segment by Regions/Countries, this report covers
Central & South America
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The integration of various technological innovations such as machine learning, cloud computing, and artificial intelligence, the ICT industry is witnessing massive expansion and innovation opportunities. Market players in the sector are anticipated to capture every opportunity for expansion and entrance in relevant niche markets. Organizations of all sizes are expected to invest in the infrastructural development to enable faster integration of advanced IT solutions in their business model. On the other hand, it is necessary for entrepreneurs to employ these solutions to remain relevant and competitive in the ecosystem.
In the past, IT leaders used to view the avoidance and decrease in costs as principal benefits of cloud-based flexible consumption. However, in the past couple of years, increased business agility and the democratization of innovation have been the driving forces in the ICT industry. These two factors have resulted in the magnification of the cloud’s value proposition, i.e. XaaS solutions. This everything-as-a-service (XaaS) solutions have enabled faster and easier experimentation and innovation, heightening the speed of customer experience enhancement.
The study objectives of this report are:
To study and analyze the global Business Analytics Software market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Business Analytics Software market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Business Analytics Software manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Business Analytics Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Business Analytics Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
9 Southeast Asia
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst’s Viewpoints/Conclusions
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