New York, NY, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Embedded Analytics Market by Analytics Tool (Reporting, Self-Service Tools, Dashboard and Data Visualization, and Benchmarking), by Component (Software and Services), by Deployment (On-Premises and Cloud), by Business Application (Human Resource, Sales & Marketing, Operations, and Finance), and by Vertical (IT & Telecom, BFSI, Public Sector, Retail, Manufacturing, Energy & Utilities, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global embedded analytics market was valued at around USD 30.5 billion in 2018 and is expected to reach approximately USD 77.3 billion by 2025, at a CAGR of 14.2% between 2019 and 2025.
Embedded analytics is globally trending for the analysis of business data and efficient accessibility of business intelligence among various companies globally. The previously employed traditional business analytics facilitates data extraction at a very basic analysis level. Embedded analytics are used for resolving high-level business analytical issues. Nowadays, many business applications, such as customer relationship management (CRM) and enterprise resource planning (ERP), include in-built embedded analytics.
Browse through 113 Tables & 39 Figures spread over 152 Pages and in-depth TOC on “Global Embedded Analytics Market: Applications, Tools, Size, Share, Segments, Analysis and Forecast, 2018–2025”.
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The growing demand for Internet of things (IoT), industrial internet of things (IIoT), and big data have resulted in huge amounts of data generation in organizations across the world. Multi-disciplinary data generated in organizations need to be processed efficiently and managed for which embedded analytics is preferred over traditional embedded analytics. This is the primary factor likely to fuel the embedded analytics market in the future. In addition, the emerging demand for connected electronics devices has increased the multidisciplinary data, which is anticipated to drive the embedded analytics market in the upcoming years. However, the huge expenditure incurred for its replacement and complexities related to its effective integration with the legacy system may hinder the embedded analytics market. The transformation of the business intelligence (BI) industry has reduced the implication of BI tools, which is anticipated to positively impact the embedded analytics market globally in the upcoming years.
The global embedded analytics market is categorized based on an analytics tool, component, deployment, business application, and vertical. By analytics tool, the market is segmented into reporting, self-service tools, dashboard, and data visualization, and benchmarking. The component segment is classified into software and services. The services segment is estimated to register the highest CAGR in the future, owing to the growing market demand in various enterprises. By deployment, the market is categorized into the cloud and on-premises. The on-premises segment is projected to hold a substantial market share in the years ahead, due to its preference by large scale organizations for absolute security. The business application segment of the market includes human resource, sales and marketing, operations, and finance. The finance segment is likely to hold the largest market share over the estimated timeframe, owing to the constant need for securing sensitive data. By vertical, the market is classified into IT and telecom, BFSI, public sector, retail, manufacturing, energy and utilities, healthcare, and others. The BFSI segment is anticipated to grow rapidly in the future, owing to the global financial crisis.
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By region, North America is likely to dominate the embedded analytics market in the future. This can be due to the flourishing strategic business and presence of various prominent market companies, such as Microsoft, IBM, etc.in the region The U.S. is the headquarter of several market leaders, such as IBM, Microsoft Corporation, SAS Institute, MicroStrategy Incorporated, SAS Institute, and TIBCO Software, and is projected to hold maximum share of the North American embedded analytics market in the future.
Europe is slated to hold a substantial share of the global embedded analytics share in the future, owing to the early adoption of new technology. The European Union leads in the development and implication of upgraded latest technologies. Thus, to take strategic decisions and track overall performance, embedded analytics is anticipated to be in high demand across Europe. The global financial crisis of 2008 has made the banking sector a trending point of discussion. BFSI companies are opting for embedded analytics to manage massive confidential data.
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Asia Pacific is projected to hold a substantial share of the embedded analytics market globally and is anticipated to register the highest CAGR over the estimated timeframe. This can be attributed to the flourishing enterprise mobility, high internet penetration rate, and increased demand for efficient data management. Embedded analytics plays a crucial role in the IT and telecom and industry by enhancing data management efficiency. This, the flourishing telecom and IT industry is likely to significantly contribute toward the embedded analytics market in the future.
The booming internet penetration rate and smartphone consumers are fueling the Latin American embedded analytics market. The rising internet penetration rate has accelerated the multidisciplinary data to a great extent. Embedded analytics is extensively implied in managing huge amounts of data. In 2015, 45% of the regional population was internet users and the penetration rate is anticipated to reach 59% by 2020.
Browse the full “Embedded Analytics Market by Analytics Tool (Reporting, Self-Service Tools, Dashboard and Data Visualization, and Benchmarking), by Component (Software and Services), by Deployment (On-Premises and Cloud), by Business Application (Human Resource, Sales & Marketing, Operations, and Finance), and by Vertical (IT & Telecom, BFSI, Public Sector, Retail, Manufacturing, Energy & Utilities, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/embedded-analytics-market
In the Middle East and Africa, the demand for embedded analytics is likely to be driven by the flourishing IoT sector and an increasing number of connected devices over the estimated timeframe. Massive cloud data generated by connected devices need to be organized, for which embedded analytics is highly preferred.
Some key participants operating in the global embedded analytics market are IBM, SAP SE, SAS Institute, Sisense, Oracle Corporation, MicroStrategy Incorporated, TIBCO Software, Logi Analytics, Microsoft Corporation, Tableau Software, QlikTech International, Yellowfin International, OpenText Corporation, GoodData, and Information Builders.
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This report segments the global embedded analytics market into:
Embedded Analytics Market: Analytics Tool Analysis
- Reporting
- Self-Service Tools
- Dashboard and Data Visualization
- Benchmarking
Embedded Analytics Market: Component Analysis
- Software
- Services
Embedded Analytics Market: Deployment Analysis
- Cloud
- On-Premises
Embedded Analytics Market: Business Application Analysis
- Human Resource
- Sales and Marketing
- Operations
- Finance
Embedded Analytics Market: Vertical Analysis
- IT and Telecom
- BFSI
- Public Sector
- Retail
- Healthcare
- Manufacturing
- Energy and Utilities
- Others
Embedded Analytics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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