Rise of data-driven organizations and growing awareness regarding value of analytics across business applications to propel the growth of United States embedded analytics market
According to TechSci Research report, “United States Embedded Analytics Market By Component, By Deployment Mode, By Organization, By Analytics Tool, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025” the United States embedded analytics market is witnessed to grow at a formidable CAGR during the forecast period. The surging demand for Internet of Things (IoT), Industrial Internet of Things (IIoT), along with big data have resulted in generation of huge amounts of data generation in the organizations. This multi-disciplinary generated data requires efficient processing and management for which embedded analytics is preferred, which is anticipated to give a healthy push to the market growth over the coming years. Moreover, surging demand for connected electronics devices has increased multidisciplinary data, thereby propelling the demand of embedded analytics, which in turn is projected to boost the growth of United States embedded analytics market through 2025. However, the factor that might act as a major impediment to the growth of United States embedded analytics market during the forecast period is the huge expenditure incurred for its replacement.
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The United States embedded analytics market is segmented based on component, deployment mode, organization, analytics tool, application, end user industry, region and company. In terms of deployment mode, the market can be segmented into on-premise and cloud. Out of which, the on-premises segment is forcasted to hold a substantial share of the market during forecast years on account of its preference by large scale organizations for absolute security. Based on end user industry, the market is segregated into BFSI, IT & telecom, retail and consumer goods, government, energy and utilities, media and entertainment, healthcare and others. Among them, the healthcare sector is estimated to register highest growth over the coming years in order to improve care quality and patient satisfaction while reducing costs through more efficient delivery.
Microsoft Corporation, IBM, SAS Institute, Oracle Corporation, MicroStrategy Incorporated, Tableau, TIBCO Software, Birst, Logi Analytics and QlikTech International and others are some of the leading players operating in United States embedded analytics market.
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“The United States embedded analytics market is projected to grow rapidly during the forecast period due to rapid advancements in technology, increasing awareness of the value of analytics in business applications and presence of numerous prominent market companies, such as Microsoft, IBM, etc.in the country. In addition to this, surging demand for advanced analytical techniques for business data within small and medium enterprises also is anticipated to fuel the growth of United States embedded analytics market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Embedded Analytics Market By Component, By Deployment Mode, By Organization, By Analytics Tool, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States embedded analytics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States embedded analytics market.
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