The global embedded analytics market is projected to grow at a considerable CAGR of around 10% during the forecast period (2020-2026). The high adoption of embedded analytics owing to its offered advantages is a key factor driving its global market. Embedded analytics is the integration of business intelligence tools and capabilities within business process applications including enterprise resource planning (ERP), marketing automation, and customer relationship management (CRM) among others. The embedded analytics solutions offer intelligence required on the process, in the process, and driving the process. The advanced intelligence taken from this solution enables businesses to make an immediate response to challenges in the business environment. Healthcare, banking & financial services, energy & utilities, IT services, and manufacturing industries are the key use industry of embedded analytics software in their business. An embedded analytics solution can support the retail sector to harness a large number of data gathered through mobile and social media platforms coupled with the data from multiple departments, including sales and inventory to deliver a comprehensive shopping experience to its customers.
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Moreover, the emergence of big data and advanced technologies such as AI and ML, rising use of mobile devices, increasing adoption of IoT, and growing adoption of cloud technology is the other factors that are driving the growth of the embedded analytics market across the globe. According to the World Economic Forum, in February 2017, more than 3 billion people were connected to the internet compared to just 2.3 million in 1990. These 3 billion people have been generating data every second, which has led to the growth of big data analytics, in turn, offering growth to the embedded analytics market. However, the integration of analytics with the business application is not suitable for all industry vertical this factor may restrain the growth of the global embedded analytics market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Embedded Analytics Market by Deployment Type
- Cloud-Based
- On-Premises
Global Embedded Analytics Market by End-User
- Banking, financial services and insurance (BFSI)
- IT and Telecomm
- Retail
- Energy and Utilities
- Manufacturing
- Healthcare
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Birst, Inc. (Infor Inc.)
- GoodData Corp.
- IBM Corp.
- Information Builders, Inc.
- Logi Analytics, Inc.
- Microsoft Corp.
- MicroStrategy, Inc.
- OpenText, Inc.
- Oracle Corp.
- Qlik Technologies, Inc.
- SAP SE
- SAS Institute, Inc.
- Sisense, Inc.
- Tableau Software, Inc.
- TIBCO Software (Vista Equity Partners)
- Vertica Systems, Inc.
- WNS Global Services, Inc.
- Yellowfin International Pty. Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global embedded analytics market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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