Market Overview
The Global Business Analytics Market size was estimated at USD 253.41 billion in 2021, USD 293.35 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 15.35% to reach USD 623.35 billion by 2028.
Business analytics is the practice of methodical and interactive exploration of data with an emphasis on statistical analysis. It is used by companies in order to facilitate in a more data-driven decision making process. Business analytics process is depends on the quality of the data as well as skill of the analyst who understand the business.
Market Drivers
Rise in adoption of business analytics in various sectors such as BFSI, Energy & Power, Healthcare, Manufacturing, Retail, IT & Telecommunication is the key driving factor which is expected to boost the global business analytics market growth. Furthermore, increase in investments in business intelligence and analytic tools by various enterprises will have the positive impact on market growth. Moreover, increase in demand for cloud based analytics will fuel the market growth during this forecast period. Ability of business analytics offers better & faster decision making and provide competitive advantage by analyzing and acting upon information in a timely manner which expected to drive the market growth.
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Market Segmentation
Global Business Analytics Market is segmented into software such as Query Reporting & Analysis Tools, Advanced & Predictive Analytics, Location Intelligence, Content analytics, Data Warehousing Platform, and Enterprise Performance Management, by deployment such as On-Premise, Cloud-Based, and Others. Further, market is segmented into End User such as BFSI, Energy & Power, Healthcare, Manufacturing, Retail, IT & Telecommunication, and Others.
Market Key Players
Various key players are discussed in this report such as Oracle Corporation, IBM, SAP SE, Microsoft Corporation, Tibco Software, Inc., SAS Institute, Inc., INFOR, and Microstrategy Incorporated
By Software
Query Reporting & Analysis Tools
Advanced & Predictive Analytics
Location Intelligence
Content analytics
Data Warehousing Platform
Enterprise Performance Management
By Deployment
On-Premise
Cloud-Based
Others
By End User
BFSI
Energy & Power
Healthcare
Manufacturing
Retail
IT & Telecommunication
Others
Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)
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Table of Content
Global Business Analytics Market
2 Research Methodology
3 Executive Summary
4 Global Business Analytics Market Outlook
5 Global Business Analytics Market, By Software
6 Global Business Analytics Market , By Deployment
7 Global Business Analytics Market, By End User
8 Global Business Analytics Market, By Region
9 North America Business Analytics Market Analysis and Forecast (2017 – 2028)
10 EuropeBusiness Analytics Market Analysis and Forecast (2017 – 2028)
11 Asia Pacific Business Analytics Market Analysis and Forecast (2017 – 2028)
12 Latin America Business Analytics Market Analysis and Forecast (2017 – 2028)
13 Middle East Business Analytics Market Analysis and Forecast (2017 – 2028)
14 Competitive Analysis
15 Company Profiles
Continue…
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