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Performance Analytics Market Worth 2.59 Billion USD by 2021


News provided by

MarketsandMarkets

13 Mar, 2017, 14:30 GMT

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PUNE, India, March 13, 2017 /PRNewswire/ --

According to a new market research report "Performance Analytics Market by Component (Software, and Services), Application (Financial, Sales & Marketing, IT Operations, Supply Chain Performance Analytics), Vertical, Analytics Type, Deployment, Organization Size, Industry - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 1.10 Billion in 2016 to USD 2.59 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7%.

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Browse 82 Tables and 57 Figures spread through 142 Pages and in-depth TOC on "Performance Analytics Market"

http://www.marketsandmarkets.com/Market-Reports/performance-analytics-market-163405504.html

Early buyers will receive 10% customization on this report. 

The key forces driving the Performance Analytics Market include the need to meet regulations & compliance deadlines and to generate insights from rising volume of data.

The managed services segment is expected to grow at the highest CAGR during the forecast period 

Among services, the managed services segment is expected to grow at a rapid pace during the forecast period. The demand for consulting services is witnessing exponential growth, mainly because almost every technological domain requires well-delivered managed services. The services offered must fit perfectly into the client's environment. Technical expertise, service consistency, and flexibility must be provided by the vendors, regardless of the geographical location of the client. Managed services are considered crucial, as they are directly related to customer experience. These services help organizations to sustain in the market. Moreover, it has become difficult for companies to focus on core business processes and support various other functions, which can be resolved by implementing managed services.

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Performance analytics software component is expected to contribute the largest market share in 2016 

Among components, the software segment is expected to hold the largest market share in the Performance Analytics Market in 2016. The performance analytics software lets organizations to consistently change and transform its operations to a goal oriented business culture with simple to utilize integrated business application intended for revealing, analyzing, and examining business performance. The performance analytics software consists of real-time analytics, root cause analytics, and in-memory database analytics.

North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the highest CAGR 

North America is expected to hold the largest market share and dominate the Performance Analytics Market from 2016 to 2021, owing to the large investments in cloud-based solutions, early adoption of new & emerging technologies, and a large number of players present in this region. The APAC region is in the initial growth phase; however, it is expected to be the fastest-growing region for the global Performance Analytics Market. The key reason for the high growth rate in APAC is the growing demand for cost-effective performance analytics platforms and tools among Small and Medium Enterprises (SMEs) in this region.

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The major vendors providing performance analytics are SAS Institute Inc. (North Carolina, U.S.), IBM Corporation (New York, U.S.), Oracle Corporation (California, U.S.), SAP SE (Walldorf, Germany), Siemens AG (Munich, Germany), Adaptive Insights (Pennsylvania, U.S.), Xactly Corporation (California, U.S.), Optymyze (Pennsylvania, U.S.), Service Now, Inc. (California, U.S.), and Callidus Software, Inc. (California, U.S.).

Browse Related Reports
Sales Performance Management Market by Solution (Incentive Compensation Management, Territory Management, Sales Planning and Monitoring, Sales Analytics), by Services (Consulting, Implementation, Training and Support, Managed) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/sales-performance-management-market-252216710.html

High Performance Data Analytics (HPDA) Market by Component (Hardware, Software, and Services), Data Type (Unstructured, Semi-Structured and Structured), Deployment Model (On-Premises and On-Demand), Vertical, and Region - Global forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/high-performance-data-analytics-market-39751632.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide 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 a 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.

Contact:
Mr. Rohan
MarketsandMarkets INC.
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Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

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SOURCE MarketsandMarkets

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