DUBLIN--(BUSINESS WIRE)--The "Global Analytics Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The analytics market will register a CAGR of almost 3% by 2023.
An enormous amount of data is being generated from numerous sources such as the Internet, mobile devices, and social media. Analytics software uses data from loT devices, sensors, and global positioning system (GPS) to provide meaningful insights. These technologies help in efficient monitoring and managing of physical assets and lead to more effective decision-making in real-time.
The rise in the number of connected devices used for business applications across the globe is a major factor driving the demand for analytics solutions. With the digitalization of businesses and processes, the amount of complex and diversified dataset in the world is increasing.
Furthermore, with the use of advanced and diverse machines and devices across business processes, the data and content generated by organizations are rich, varied, and complex.
Need to improve business efficiency
Numerous connected devices are being deployed to improve process and employee connectivity in numerous organizations, which is generating large volumes of data. Analytics with a significant amount of data leads to enhanced business productivity using several predictive mechanisms and risk-averting models. Thus, analytics has become a strategic priority for several industrial organizations.
Threat from open-source business analytics vendors
The presence of many open-source analytics solution providers is one of the major challenges in the global analytics market. The analytics solutions offered by open-source analytics vendors have similar capabilities to that of on-premise or on-demand analytics solutions. Open-source vendors also provide customer support and advanced analytics. This, in turn, has a negative impact on the market share of analytics vendors.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. With the advent of analytics technologies, organizations can transform unstructured and semi-structured data into structured and meaningful data, such instance will drive the market forecast.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- IBM
- Microsoft
- Oracle
- SAP
- SAS Institute Inc.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY SOLUTION
- Comparison by solution
- Services - Market size and forecast 2018-2023
- Software - Market size and forecast 2018-2023
- Market opportunity by solution
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- IBM
- Microsoft
- Oracle
- SAP
- SAS Institute Inc.
For more information about this report visit https://www.researchandmarkets.com/research/jl73t4/global_analytics?w=4
