According to the latest report by IMARC Group, titled, “Embedded Analytics Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027“, The global embedded analytics market reached a value of US$ 47.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 108.3 Billion by 2027, exhibiting at a CAGR of 14.41% during 2022-2027.
Embedded analytics provides an interface for data visualizations, static and interactive reports, benchmarking, mobile reporting, ad hoc querying, and visual workflows. It aids in increasing overall revenue, enhancing productivity, developing data-driven decision-making, and offering a smooth user experience. As it is also used in customizing actions based on customer interactions, the demand for embedded analytics is rising around the world.
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The increasing need for determining profits in revenue growth, market expansion and competitive advantage in various businesses represent one of the key factors propelling the market growth. Moreover, due to a rise in demand for data-generated insights, there is an increase in the utilization of embedded analytics in advanced clinical and operational capabilities worldwide. Besides this, it is also assisting healthcare personnel in data interpretation and disease-diagnosis and patient management. Furthermore, leading manufacturers are integrating advanced technologies like artificial intelligence (AI), cloud services, Internet of Things (IoT), and machine learning (ML) to update the existing analytics variant. These developments are projected to strengthen the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Infor (Koch Industries Inc.)
International Business Machines Corporation
Logi Analytics Inc. (Insightsoftware Inc.)
Open Text Corporation
QlikTech International AB
Tableau Software LLC (Salesforce.com Inc)
TIBCO Software Inc
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The report has segmented the market based on solution, analytics tool, deployment mode, business function, organization size and industry vertical.
Breakup by Solution:
Breakup by Analytics Tool:
Dashboard and Data Visualization
Breakup by Deployment Mode:
Breakup by Business Function:
Marketing and Sales
Breakup by Organization Size:
Small and Medium-sized Enterprises (SMEs)
Breakup by Industry Vertical:
IT and Telecommunication
Retail and Consumer Goods
Healthcare and Life Sciences
Energy and Utilities
Breakup by Region:
Middle East and Africa
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