Global Embedded Analytics Market
The Global Embedded Analytics Market was valued at USD 24.68 billion in 2016 and is projected to reach USD 84.47 billion by 2025, growing at a CAGR of 14.65% from 2017 to 2025.
Embedded analytics is the technology designed to make data analysis and business intelligence more accessible by all kinds of application or user. This system provides data and process analysis capabilities natively into the underlying information system. Benefits of embedded analytics includes â€“ better adoption than traditional BI, improves the user experience, adds value to the application, increases time spent in the application, and contributes to revenue growth.
1. Market Drivers
1.1 Increasing adoption by small and medium enterprises
1.2 Rising adoption of mobile BI and cloud computing
1.3 Growing demand to integrate analytics into business applications
1.4 Increasing need of self-service analytics
1.5 Increasing data driven organizations
2. Market Restraints
2.1 Poor integration with legacy systems and higher replacement cost
2.2 Lack of technical expertise
2.3 Issues with management of data quality and security
The Global Embedded Analytics Market is segmented on the business application, analytics tool, organization size, component, deployment model, vertical, and region.
1. Business Application:
1.3 Marketing and sales
1.4 Human resources
2. Analytics Tool:
2.2 Dashboard and Data Visualization
2.3 Self-service Tools
3. Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Organizations
4. By Component:
4.2.1 Managed services
4.2.2 Professional services
22.214.171.124 Support and maintenance services
126.96.36.199 Education and training
188.8.131.52 Consulting services
5. By Deployment Mode:
6. By Vertical:
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Travel and Hospitality
6.6 Retail and Consumer Goods
6.7 Energy and Utilities
6.8 Transportation and Logistics
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
The major players in the market are as follows:
1. Microsoft Corporation
2. IBM Corporation
3. Tibco Software, Inc.
4. Oracle Corporation
5. Opentext Corporation
6. Sisense, Inc.
7. Tableau Software Inc.
8. SAS Institute
9. SAP SE
10. Information Builders
11. BIRST, Inc.
12. Qliktech International Ab
13. Yellowfin International Pty Ltd F
14. Microstrategy Incorporated
15. Logi Analytics
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Embedded Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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