DALLAS, March 10, 2015 /PRNewswire/ --
According to a new market research report "Business Analytics Market by Software (Query, Reporting, and Analysis Tools, Content Analytics, Data Warehousing Platform. and Others), by Deployment Type, by End User, by Vertical, and by Geography - Global Forecast to 2019", published by MarketsandMarkets, The overall Business Analytics Market size is expected to grow from $40,814.6 Million in 2014 to $66,719.8 Million in 2019, at an estimated CAGR of 10.3%.
Browse 65 market data tables and 34 figures spread through 156 pages and in-depth TOC on "Business Analytics Market - Global Forecast to 2019"
Early buyers will receive 10% customization on thisreport.
Business Analytics Market is at its growing stage and is expected to rise exponentially due to the enhancement of technology in this sector. Today, companies are demanding real-time data based solutions for the analyzing each and every factor influencing the business. There can be seen increase in demand for the analytics by the organizations due to the rising big data trend, rapidly changing business environment and customer preferences. Thus organizations are in need to analyze the huge volume of data generated by the daily activities of customers, business processes, and every resource of the organization, in order to detect and reduce the chances of failure, optimize operations cost effectively and provide better customer services. Furthermore, the increasing demand among the large enterprises as well as SMB's is also helping BA market to progress with an explosive growth rate. These solutions are gaining traction in various industry verticals such as BFSI, energy and utilities, education, healthcare, manufacturing, media and entertainment, retail, telecom and IT followed by other verticals.
The factors driving this BA market are the escalating demand for enhanced productivity, growing demand for improved customer satisfaction, and gain insight from the day to day data generated by the various business activities. High investment cost for implementation of business analytics solutions and reluctance in adoption of business analytics are the major restraints for the growth of this market.
The BA market is consolidated with big players such as Oracle, IBM, Microsoft, Tibco and others are some of the active key players in the market.
MarketsandMarkets broadly segments the global BA market by regions as North America (NA), Asia-Pacific (APAC), Europe , Middle East & Africa (MEA) and Latin America (LA); by solutions as query, reporting analysis tools, advanced and predictive analytics, location intelligence, content analytics, data warehousing platform, and enterprise performance management; by deployment type as on-premise and cloud; by user type as SMB's and large enterprise; by industry verticals as BFSI, education, energy & power, government, healthcare, telecom & IT, media & entertainment, and others and others.
MarketsandMarkets forecasts the Global Business Analytics Market to grow from $40,814.6 million in 2014 to $60,719.8 million in 2019. North America is expected to be the largest market in terms of market size, while Asia-Pacific is expected to experience an increase in market traction during the forecasted period.
Browse Related Reports
Customer Analytics Market by Solution (Data Management/ ETL, Analytical Tools/ Modules, Voice of Customer, Social Media Analytical Tools, Web Analytical Tools, Dashboard and Reporting) - Global Forecasts and Analysis (2014 - 2019)
Marketing Analytics Software Market by Application (Social Media Marketing, Email Marketing, SEO Marketing, Pay Per Click Marketing, Display Marketing, Video Marketing, Content Marketing), by Deployment (On-Premises, Hosted) - Global Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets