Global Embedded Analytics Market was valued at US$ 29.89 Bn in 2019 and is expected to reach US$ 85.14 Bn by 2027 at a CAGR of 14.47% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the re
venue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Embedded Analytics Market Dynamics:
The international market for embedded analytics is basically fuelled by the augmented integration of capabilities under generally available business applications as compared to traditionally available various platforms of business intelligence. The integration of embedded analytics within business applications, like enterprise resource planning or ERP and accounting software has enabled the users to create specific analytical data and visualization tools instantly, and this, in turn, has been influencing the growth of the world market for embedded analytics. In addition to that, the vast growth in the demand for big data, industrial internet of things (IoT), and internet of things (IoT) have resulted in the generation of a large amount of multidisciplinary data.
However, processing and analysis of such data, for the purpose of offering tailor-made solutions to many customers and thereby obtaining a competitive edge over its rivals, has become important for various business entities. It has, in turn, been impacting the growth of the international market for embedded analytics positively. Furthermore, there is a strongly rising demand for connected electronic devices and smartphones. It has also been giving out a large amount of multidisciplinary data, of particular interest to many different companies and this has resulted in further boosting of the international market for embedded analytics market.
Global Embedded Analytics Market Segment Analysis:
Cloud-based and on-premises are the deployment model that could be explored in embedded analytics in the forecast period. The on-demand (cloud-based) embedded analytics sector is estimated to grow at the highest CAGR in the years to come. The reason behind the overall market growth could be its features like time-efficient and cost-efficient. Large enterprises and small & medium-sized enterprises (SMEs) are the organization size that could be explored in embedded analytics in the forecast period.
The sheer amount of data is growing exponentially across all industries. The healthcare field has spent the last 20 years digitizing medical records, and the amount and sources of data continue to grow. In addition to electronic medical records, there is now information collected from telemedicine interactions, patient health monitors, fitness trackers, and more. Moreover, as costs rise and health levels fall, both public and privately funded healthcare environments are shifting away from paying for service volume and towards service value.
This new focus on value also called pay-for-performance, quality, or outcomes is ultimately about the good health of patients. This shift is fundamental and it benefits the healthcare systems by improving quality of care and patient satisfaction while reducing costs through more efficient delivery. By applying powerful analytics to the growing volume and sources of healthcare data, stakeholders in clinical, operational, and financial realms can gain unprecedented insights.
Global Embedded Analytics Market Regional Insights:
Globally, North America accounted for the substantial market share of embedded analytics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region, developed R&D sectors, and focus on innovations and enhanced technologies. The United States and Canada are the major consumers of embedded analytics in this region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second-largest region with a significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise government initiatives like smart cities across the APAC countries and rising acceptance of smart technologies and the internet of things.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the embedded analytics market.
Global Embedded Analytics Market, Key Highlights:
• Global Embedded Analytics Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Embedded Analytics Market
• Global Embedded Analytics Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Embedded Analytics Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Embedded Analytics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Embedded Analytics Market are also profiled.
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Scope of the Global Embedded Analytics Market: Inquire before buying
Global Embedded Analytics Market, by Deployment Model
Global Embedded Analytics Market, by Business Application
• Sales & Marketing
• Human Resource
Global Embedded Analytics Market, by Analytics Tool
• Dashboard and Data Visualization
• Self-service Tools
Global Embedded Analytics Market, by Industry Vertical
• IT & Telecom
• Public Sector
• Energy & Utilities
Global Embedded Analytics Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players Operating in the Global Embedded Analytics Market:
• Birst, Inc.
• IBM Corporation
• Information Builders
• Logi Analytics
• Microsoft Corporation
• Microstrategy Inc.
• Opentext Corporation
• Qlik Technologies, Inc.
• SAP SE
• TIBCO (The Information Bus Company) Software Inc.
•SAS Institute Inc.,
• Microstrategy Inc.,
• Tableau Software LLC,
• Qliktech International AB,
• Sisense Inc.,
• Open Text Corporation,
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