Analytics Market Size is Projected to Reach USD 109.71 Billion during 2020-2024 – Technavio

NEW YORK, April 21, 2021 /PRNewswire/ — The «Analytics Market» report has been added to Technavio’s library which consists of more than 17000 reports…

NEW YORK, April 21, 2021 /PRNewswire/ — The «Analytics Market» report has been added to Technavio’s library which consists of more than 17000 reports from 150+ industries.

The analytics market is poised to grow by USD 109.71 billion between 2020-2024, progressing at a CAGR of almost 14% during the forecast period. 

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The shift in consumer behavior and exploration of upcoming trends and drivers can be assessed by this post-pandemic analytics market report. The market report will also help vendors to support prompt business decisions. In this analytics market analysis report, key drivers such as growing complexity of data have been discussed with emerging growth regions, which will offer immense business opportunities. Data privacy and security concerns pose challenges that will impede market growth. Vendors can obtain growth opportunities and recreate their plan of action in the future with the help of these insights.

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32% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for the analytics market in the region. Moreover, North America had the largest market share in the analytics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Know About the Key Opportunities and Growth of Analytics Market in Application Software Industry

https://www.technavio.com/report/analytics-market-industry-analysis

The analytics market is segmented by end-user (BFSI, Manufacturing, Retail, Healthcare, and Others) and geography (North America, Europe, APAC, MEA, and South America).

The analytics market is fragmented and the vendors are deploying various growth strategies to compete in the market. To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments.

Key Market Dynamics:

Market Drivers

  • Growing availability and complexity of data
  • Growing need to improve business efficiency
  • Increased dependency on Internet for critical operations

Market Challenges

  • Data privacy and security concerns
  • Shortage of skilled analytics professionals and high attrition rate
  • System integration and interoperability issues


Companies Mentioned

  • Amazon.com Inc.
  • Informatica LLC
  • International Business Machines Corp.
  • Microsoft Corp.
  • MicroStrategy Inc.
  • Oracle Corp.
  • QlikTech international AB
  • Salesforce.com Inc.
  • SAP SE


Related Reports on Information Technology Industry Include:

Video Analytics Market by End-user and Geography – Forecast and Analysis 2020-2024: The video analytics market size has the potential to grow by USD 11.14 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Receive FREE Sample Report in Minutes!

Streaming Analytics Market by Deployment and Geography – Forecast and Analysis 2020-2024: The streaming analytics market size has the potential to grow by USD 15.21 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Receive FREE Sample Report in Minutes!

 Workforce Analytics Market by End-user and Geography – Forecast and Analysis 2020-2024: The workforce analytics market size has the potential to grow by USD 983.73 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Receive FREE Sample Report in Minutes!

 Mobile Analytics Market by End-user, Platform, and Geography – Forecast and Analysis 2020-2024: The mobile analytics market size has the potential to grow by USD 4.39 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Receive FREE Sample Report in Minutes!

Customer Analytics Applications Market by End-user and Geography – Forecast and Analysis 2020-2024: The customer analytics applications market size is expected to grow by USD 8084.20 mn and record a CAGR of 15% during 2020-2024. To get extensive research insights: Receive FREE Sample Report in Minutes!

 

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by End-user
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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Report: https://www.technavio.com/report/analytics-market-industry-analysis

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