Dublin, March 17, 2021 (GLOBE NEWSWIRE) -- The "System of Insight Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Component, Application, and Industry" report has been added to ResearchAndMarkets.com's offering.
According to this report the global system of insights market was valued at US$ 1,537.86 million in 2019 and it is projected to reach US$ 4,914.52 million by 2027; it is expected to grow at a CAGR of 15.9% from 2020 to 2027.
Over the past few years, big data analytics has been a major research interest among practitioners and researchers. The private and public investment in the application of big data analytics has surged up to billion dollars around the world. A swift growth in data volume and its complexity due to rising mobile data traffic, cloud-computing traffic, and increasing development, adoption of technologies, such as Artificial Intelligence (AI) and IoT are propelling the big data analytics technology. This technology has an enormous potential to transform the business completely. Big data platforms enable effective analytics of huge structured and unstructured data sets. BFSI industry is one of the biggest industries that spend a significant amount on big data and analytics technology.
The industry is one of the huge consumers of big data and analytics technologies. Potential regions such as North America and Europe are highly active in implementing these technologies; also, the governments of these regions are executing various projects to implement big data into various industries. For instance, the Big Data Europe Project of 2015-2017 received funding from the European Union's Horizon 2020 research and innovation program. The project designed big data application prototypes in several sectors that can offer a huge amount of data-sets and can progress toward data-driven solution approaches. Big data analytics technology is one of the significant drivers in systems of insight, which seeks to gain actionable insights from structured and the massive data volume available in unstructured data from various sources such as the web and social media. The insight gained from big data analysis helps businesses enhance various areas such as customer retention, discovery of new markets, optimized customer service, employee retention, and improved customer loyalty. Thus, the increasing need for big data analytics is propelling the growth of system of insights worldwide.
Geographically, North America held the largest share of the system of insight market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The system of insight market is segmented into component, application, and industry. Based on component, the system of insight market is further segmented into solution and services. The solution segment represented the largest share of the overall market. In terms of application, the system of insight market is segmented into customer analytics, workforce management, operations management, sales & marketing management, risk & compliance management, and others. In 2019, the customer analytics segment accounted for a significant share in the global system of insight market. Based on industry, the market is segmented into BFSI, IT & telecom, manufacturing, retail & e-commerce, government & defense, healthcare & life sciences, and others. The BFSI segment represented the largest share of the overall market during the forecast period.
Impact of COVID-19 Pandemic on System of Insight Market
The COVID-19 pandemic has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. As of December 2020, the US, India, Brazil, Russia, and France, were some of the worst affected countries in terms of confirmed cases and reported deaths. However, while the market experienced fluctuations due to nationwide shutdowns in several countries and stay-at-home orders, the disruption has caused an acceleration in remote working. The software industry, which is considered a structural winner, has given greater digital capabilities to all industries.
Good Data Corporation; INETCO Systems Limited; Medallia Inc.; NGDATA, Inc.; Oracle Corporation; Plutora, Inc.; SAP SE; Signals Analytics, Inc.; SAS Institute Inc.; and TIBCO Software Inc. are among the major companies operating in the system of insight market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global system of insight market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global system of insight market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. System of Insight Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. System of Insight Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Volume of Big Data and Need for Analytics
5.1.2 Digital Transformation to Gain a Competitive Edge in the Market
5.2 Market Restraints
5.2.1 Lack of Awareness in Underdeveloped Countries
5.3 Market Opportunities
5.3.1 Surging System of Insight Growth Opportunities in APAC
5.4 Future Trends
5.4.1 Increase in the Adoption of AI to Boost the Market Growth
5.5 Impact Analysis of Drivers and Restraints
6. System of Insight Market - Global Analysis
6.1 Global System of Insight Market Overview
6.2 System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. System of Insight Market Analysis - By Component
7.1 Overview
7.2 System of Insight Market, By Component, 2019 & 2027
7.3 Solution
7.3.1 Overview
7.3.2 Solution: System of Insight Market- Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: System of Insight Market- Revenue and Forecast to 2027 (US$ Million)
8. System of Insight Market Analysis - By Application
8.1 Overview
8.2 System of Insight Market, By Application, 2019 & 2027
8.3 Customer Analytics
8.3.1 Overview
8.3.2 Customer Analytics: System of Insight Market- Revenue and Forecast to 2027 (US$ Million)
8.4 Workforce Management
8.4.1 Overview
8.4.2 Workforce Management: System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Operations Management
8.5.1 Overview
8.5.2 Operations Management: System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Sales and Marketing Management
8.6.1 Overview
8.6.2 Sales and Marketing Management: System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
8.7 Risk and Compliance Management
8.7.1 Overview
8.7.2 Risk and Compliance Management: System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
8.8 Other Applications
8.8.1 Overview
8.8.2 Other Applications: System of Insight Market - Revenue and Forecast to 2027 (US$ Million)
9. System of Insight Market Analysis - By Industry
9.1 Overview
9.2 System of Insight Market Breakdown, by Industry, 2019 & 2027
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.4 IT and Telecom
9.4.1 Overview
9.4.2 IT and Telecom: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.6 Retail and E-commerce
9.6.1 Overview
9.6.2 Retail and E-commerce: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.7 Government and Defense
9.7.1 Overview
9.7.2 Government and Defense: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.8 Healthcare and Life Sciences
9.8.1 Overview
9.8.2 Healthcare and Life Sciences: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.9 Other Industries
9.9.1 Overview
9.9.2 Other industries: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
10. System of Insight Market - Geographic Analysis
10.1 Overview
10.2 North America: System of Insight Market
10.3 Europe: System of Insight Market
10.4 APAC: System of Insight Market
10.5 MEA: System of Insight Market
10.6 SAM: System of Insight Market
11. System of Insight Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Good Data Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 INETCO Systems Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Medallia Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 NGDATA, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Oracle Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Plutora, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SAP SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Signals Analytics, Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SAS Institute Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TIBCO Software Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
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