Business Analytics Market Forecast 2023-2029: Projected CAGR of 7.5%
Global Business Analytics Market Overview:
The global Business Analytics market was valued at US$ 78.48 Bn. in 2022 and is projected to reach US$ 130.21 Bn. by 2029, growing at a CAGR of 7.5% during the forecast period.
Market Overview:
This study delves into the current and emerging trends and dynamics within the global Business Analytics market. Comprehensive market forecasting for key segments is conducted from 2021 to 2027. By closely monitoring the positions of major products and key competitors, an extensive market analysis is carried out. To understand the competitive landscape, key players are profiled, and their strategies are thoroughly evaluated.
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Market Scope:
The analysis includes an up-to-date examination of the current Business Analytics market landscape, recent trends, drivers, and an overview of the entire market environment. The increased demand for Business Analytics is a major driving factor. The research also examines various segments including technology, end-users, and types, along with the geographical landscape.
Drivers:
The report covers major restraints and drivers impacting the Business Analytics market.
Segmentation:
For detailed segmentation
by Deployment Type
Cloud
On-Premises
by Software
Search And Altering
Advanced And Predictive Analytics
Other
by Enterprise Size
Large Enterprises
SMBs
by Application
Banking, Financial Services, and Insurance (BFSI)
Education
Government
Retail
Healthcare
Media and Entertainment
Manufacturing
Telecom and IT
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Key Players:
The report offers comprehensive quantitative insights into the global market potential across various categories, including country-by-country analysis. It explores major influencing factors and provides complete company profiles of key players.
1. IBM
2. Infor
3. Tibco Software, Inc.
4. Microsoft Corporation
5. Microstrategy Incorporated
6. Oracle Corporation
7. QLIK Technologies, Inc.
8. SAP SE
9. SAS Institute, Inc.
10.Tableau Software, Inc.
11.Adobe Systems Incorporated
12.International Business Machines Corporation
13.Fair Isaac Corporation
14.Amazon Web Services
15.Teradata Corporation
16.Salesforce.com Inc.
17.Cloudability, Inc.
18.Densify, Inc.
19.Maxpanel Inc.
Regional Analysis:
The regional segment of the study includes factors influencing the market and changes in market laws affecting current and future trends. It utilizes indicators such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies to predict market scenarios for various industries. The analysis considers the presence and availability of global players and the challenges they face from local and domestic brands.
COVID-19 Impact Analysis on Business Analytics Market:
The COVID-19 pandemic significantly impacted the global Business Analytics industry, halting production facilities due to economic downturns and labor shortages. The pandemic caused a considerable drop in production utilization, with travel restrictions and facility closures keeping personnel away from work. However, this negative impact is expected to be temporary, with the sector anticipated to recover significantly by early 2021 due to increased demand for Business Analytics .
Key Questions Answered in the Business Analytics Market Report:
- Which segment accounted for the largest share in the Business Analytics market?
- What was the competitive scenario of the Business Analytics market in 2020?
- What are the key factors driving the growth of the Business Analytics market?
- Which region held the maximum share in the Business Analytics market in 2020?
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