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(EMAILWIRE.COM, September 08, 2018 ) The Business Analytics Market is estimated at $44.5 billion in 2015 and is expected to reach $71.1 billion by 2022 growing at a CAGR of 6.9% from 2015 to 2022. The factors that are influencing the market growth include rising demand for the analytics by the organizations due to the growing big data trend, quickly changing business environment and customer choices. However, high execution costs and unwillingness in adoption of business analytics are some factors hindering the market growth. Moreover, scarcity of skilled workers with sound technical capabilities poses major challenge to the market.
Some of the key players of the Business Analytics market include:
IBM, Infor, Tibco Software, Inc., Microsoft Corporation, Microstrategy Incorporated, Oracle Corporation,, QLIK Technologies, Inc., SAP SE, SAS Institute, Inc. and Tableau Software, Inc.
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Amongst applications, Banking, financial services & insurance (BFSI) and retail industries acquired maximum market share. Tableau was the fastest growing business analytics software company, growing around 80% in a year. North America commanded the largest market share as this region encourages the implementation of business analytics across its diverse organizations followed by Europe. Asia Pacific is extensively witnessing rise in the acceptance of business analytics.
Furthermore, consumption market share for each application is offered in the research for 2017 in a tabular format. Regional analysis is discussed in terms of current market status and growth prospects for the period, 20122023. Geographies analyzed in the study are North America, Europe, Asia Pacific, South America and Middle East & Africa. Statistics on revenue and growth rate for each region are mentioned with the help of figures for the historic period and the forecast period.
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Deployment Types Covered:
On-site
Cloud
Applications Covered:
Telecom and IT
Retail
Media and Entertainment
Manufacturing
Healthcare
Government
Energy and Power
Education
Banking, Financial Services and Insurance
Other Applications
Softwares Covered:
Search and altering
Advanced and Predictive Analytics
Performance and Big Data Management
Data Discovery and Visualization software
Content Analytics
Business Intelligence
Corporate Performance Management suites
Other Softwares
End Users Covered:
Small & Medium Business (SMB)
Large Scale Enterprises
Services Covered:
Managed Services
Professional Services
Table of Contents
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Business Analytics Market, By Deployment Type
6 Global Business Analytics Market, By Application
7 Global Business Analytics Market, By Software
8 Global Business Analytics Market, By End User
9 Global Business Analytics Market, By Service
10 Global Business Analytics Market, By Geography
11 Key Developments
12 Company Profiling
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About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
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Source: EmailWire.Com
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