Business Analytics Market Overview:
Business Analytics Market Research provides a comprehensive overview of Business Analytics to provide a current understanding of the market and its features. The report also includes detailed information on forecasted statistics, significant advancements, and revenue.
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Business Analytics Market Scope:
The global Business Analytics market report provides statistics and analytical insights to give a comprehensive understanding of the market size, share, trend, growth, demand, market player and industry profile, opportunities, value chain, end-users, types, and applications. It also includes accessible opportunities in micro and macro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and product offerings of major competitors.
The qualitative and quantitative data in the report help decision-makers identify market segments, regions, and variables that are likely to drive the Business Analytics market at a faster pace, as well as major opportunity areas. SWOT analysis, PESTLE analysis, and PORTER analysis have been used to provide an in-depth analysis of the Business Analytics market.
The research has been conducted on each regional Business Analytics market to determine its current and future growth potential. The Business Analytics market report covers all five regions and their country-specific distribution. Their market size and trends are also included in the Business Analytics report.
Business Analytics Market Dynamics:
The global Business Analytics market was valued at US$ 78.48 billion in 2022, and it is predicted to expand to US$ 130.21 billion by 2029, at a CAGR of 7.5% between 2023 and 2029. Business analytics (BA) is the ongoing and scientific examination of organisational data through statistical and operational analysis. Some of the approaches employed include data aggregation, data mining, text mining, data visualisation, association, and sequence identification.
Business Analytics Market Segmentation:
by Enterprise Size
Banking, Financial Services, and Insurance (BFSI)
Media and Entertainment
Telecom and IT
Based on the Enterprise Size, the global Business Analytics market is sub-segmented into Large Enterprises and SMBs. Instead of using spreadsheet modelling and manual computations, these businesses are using advanced tools like descriptive, diagnostic, and predictive BA. Furthermore, the growing use of BA by finance-based security agencies for inspection, monitoring, and avoiding fraudulent activities involving high-value accounts is expected to propel the market even further.
Based on the Application, the global Business Analytics market is sub-segmented into Banking, Financial Services, and Insurance (BFSI), Education, Government, Retail, Healthcare, Media and Entertainment, Manufacturing and Telecom, and IT. The banking and financial industries are undergoing significant changes as a result of technological advancements. With increased internet usage and the proliferation of mobile devices and apps, today’s financial institutions face increased competition, shifting customer needs, and stringent control and risk management in a highly dynamic market. At the same time, technological advancements have resulted in the development of strong business analytics tools. Business analytical tools that the banking and finance industry can employ to mine client data for insights that can lead to more effective management and better business decisions.
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Business Analytics Market Key Players:
3. Tibco Software, Inc.
4. Microsoft Corporation
5. Microstrategy Incorporated
6. Oracle Corporation
7. QLIK Technologies, Inc.
8. SAP SE
9. SAS Institute, Inc.
10.Tableau Software, Inc.
11.Adobe Systems Incorporated
12.International Business Machines Corporation
13.Fair Isaac Corporation
14.Amazon Web Services
Key Questions answered in the Business Analytics Market Report are:
- What is the forecast period of the Business Analytics Market?
- What is the growth rate of the Business Analytics Market?
- What are the Business Analytics Market segments?
- Which region held the largest Business Analytics market share in 2022?
- What are the opportunities for the Business Analytics Market?
- What factors are affecting the Business Analytics market growth?
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
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