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Embedded Analytics Market by Component, Business Function, Deployment Model, Organization Size, Industry And Region - Global Forecast to 2022

Embedded Analytics Market: Global Forecast until 2022

  • September 2017
  • 170 pages
  • ID: 5096187
In this report:
North America is expected to hold the largest market share and this regional market is projected to grow from USD ##.## billion in 2017 to USD ##.## billion by 2022, at a CAGR of ##.##% during the forecast period.
In 2016, the company invested about ##% of its total revenue in R&D. In the embedded analytics market, the company first introduced the preview version of its embedded BI solution- Power BI Embedded in April 2016 in nine data centers worldwide, making it generally available in July 2016.

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The growing adoption of self-service analytics is said to be driving the rise of the embedded analytics market

MarketsandMarkets estimates the overall embedded analytics market to grow from ~$26.8B in 2017 to ~$51.8B by 2022, at a CAGR of 14.10 percent. The embedded analytics market is increasing quickly because of the transition from the traditional Business Intelligence techniques to advanced BI and analytics techniques, which can be managed and utilized from any place, at any time, and the massive surge in the self-service analytics trend across markets. Elements such as the lack of integration with legacy systems is anticipated to limit the market increase.

The IT business function is intended to have the biggest industry size in 2022

Institutions are evolving their Information Technology monitoring tools to benefit more visibility into the new complexity.With the right solution, one can detect patterns early to predict issues before they arise.

Embedded analytics allows big data from IT to be converted into relevant and actionable insights for a fast problem resolution, without having to export the information.It allows institutions to extract business insights from main operational data types, including log files, performance metrics, events, and trouble tickets, so that they can proactively avoid outages, achieve a faster mean time to repair, and realize cost savings through greater operational efficiency from any place, within the application.

Accordingly, the IT business function is projected to have the largest part of market share in 2022.

Healthcare and life sciences market is forecasted to have the maximum growth rate during the estimate period

Embedded analytics solutions have been deployed across different industries, including Banking, Financial Services, and Insurance ; telecommunications and IT; retail and consumer goods; manufacturing; healthcare and life sciences; energy and utilities; transportation and logistics; media and entertainment; government and defense; and others (product improvement and legal). The healthcare and life sciences sector is anticipated to witness the top compound annual growth rate during the outlook period by cause of the rising need for managing the real-time data coming from several healthcare activities, including patient's sleep analysis and calories burnt, established on the physical activities conducted.

North America continent is forecasted to hold the biggest market share

North America (NA), succeeded by EU, is anticipated to continue being the biggest revenue-generating area for the embedded analytics vendors, for the next 5 years.This is primarily due to the presence of different developed economies, including Canada and the USA, and because of the high focus on modernizations through Research and development and technology across sectors.

Asia Pacific (APAC) is anticipated to be the more important increasing area in the embedded analytics market as a result of the growing adoption of Internet of Things and smart technologies, and government actions, including smart cities in the APAC countries, including China and India (IN).

Comprehensive interviews were managed with the Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the embedded analytics marketplace.

• By Organization - Tier 1 - 22.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 48.0 percent

• By Description - C-suite - 30.0 percent, D-level - 45.0 percent, and Others - 25.0 percent

• By Area - North America continent - 48.0 percent, Europe (EU) - 30.0 percent, and Asia-Pac - 22.0 percent

Segment Research

The embedded analytics market revenue is primarily classified into incomes from software and services.Software's revenue is combined with stand-alone software offerings while services' revenue is combined with managed services and professional services.

The professional services include education and training, support and maintenance, and consulting services. The sector is also broken down on the basis of business functions, organization sizes, deployment models, industry verticals, and territories.

Reasons to Buy the Report

• To get a comprehensive overview of the overall embedded analytics market

• To benefit a wide range information about the top actors in this market sphere, their products review, and the best strategies approved by them

• To benefit insights of the main countries/localities, in which the embedded analytics market is flourishing in different industries

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