Market Research Future (MRFR) has published a cooked research report on the “Global Embedded Analytics Market” that contains information from 2024 to 2032. The Embedded Analytics market is estimated to register a CAGR of 12.84% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Embedded Analytics market— Microsoft Corporation (US), IBM (US), Oracle Corporation (US), MicroStrategy Incorporated (US), Tableau Software (US), TIBCO Software (US), SAP SE (Germany), SAS Institute (US), Birst (US), Logi Analytics (US), Oracle Corporation (US), Tableau Software (US), TIBCO Software (US), and Birst (US).
Market Highlights
The global Embedded Analytics market is accounted to register a CAGR of 12.84% during the forecast period and is estimated to reach USD 110.82 Billion by 2032.
The Embedded Analytics market pertains to the integration of data analysis and visualization capabilities directly into business applications and systems, enabling users to gain insights and make informed decisions without switching between platforms. This approach streamlines decision-making processes and enhances user experiences by providing real-time analytics within the context of the application. The market's expansion is fueled by the demand for seamless data-driven insights and improved operational efficiency.
Segment Analysis
The global Embedded Analytics market has been segmented based on Component, Service, Application, Deployment.
On the basis of Component, the market is segmented into software and solution. The market was dominated by the software sector. The integration of analytics capabilities within current software systems and applications is made possible by a variety of tools, platforms, and applications.
Based on Service, the global Embedded Analytics market has been segmented into professional service and managed service. The category of professional services brought in the most money. The requirements analysis, solution design, integration, training, and continuing support that come with this service.
Based on Application, the global Embedded Analytics market has been segmented into IT & human resources. The biggest money was made in the IT category. Developers may get real-time insights into system performance, spot bottlenecks, and optimise resource allocation by incorporating analytics into IT applications.
Based on Deployment, the global Embedded Analytics market has been segmented into cloud and on-premise. The segment using cloud technology brought in the greatest money. They provide a number of benefits, including cost effectiveness, scalability, and adaptability.
Regional Analysis
The global Embedded Analytics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Embedded Analytics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Embedded Analytics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Embedded Analytics market comprises of Middle East, Africa, and Latin America.
The North American Embedded Analytics Market dominated this market in 2022. Due to the existence of significant technology businesses in this industry, embedded analytics have taken off quickly in this area. Embedded analytics development in this region is also fueled by the increased popularity of cloud-based analytics solutions and the emphasis on digital transformation.
Additionally, The market for embedded analytics in Europe holds a sizeable market share as a result of the cutting-edge technology and the increasing importance of data-driven decision-making. By assuring data security and privacy for both enterprises and consumers, the European Union has also significantly contributed to the promotion of embedded analytics. Additionally, the German embedded analytics market had the biggest market share, and the fastest-growing market in the European region was the UK embedded analytics market.
Moreover, From 2023 to 2032, the Asia-Pacific Embedded Analytics Market is anticipated to experience the quickest CAGR growth. The growing digitalization of enterprises, the widespread use of smartphones, and the accessibility of low-cost internet connectivity are to blame. Additionally, the region's large population and rising IoT device penetration generate enormous amounts of data, opening doors for embedded analytics solutions to extract useful insights.
Key Findings of the Study
- The global Embedded Analytics market is expected to reach USD 110.82 Billion by 2032, at a CAGR of 14.80% during the forecast period.
- The North American Embedded Analytics Market dominated this market in 2022. Due to the existence of significant technology businesses in this industry, embedded analytics have taken off quickly in this area.
- Based on Component, The market was dominated by the software sector.
- Microsoft Corporation (US), IBM (US), Oracle Corporation (US), MicroStrategy Incorporated (US), Tableau Software (US), TIBCO Software (US), SAP SE (Germany), SAS Institute (US), Birst (US), Logi Analytics (US), Oracle Corporation (US), Tableau Software (US), TIBCO Software (US), and Birst (US).
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Companies Covered | 15 |
Pages | 100 |
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