CHICAGO, July 19, 2019 /PRNewswire/ -- According to a new market research report "Product Analytics Market by Mode (Tracking Data, Analyzing Data), Component, End-User (Designers, Manufacturers, Sales & Marketing Professionals, Consumer Engagement), Deployment, Enterprise Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Product Analytics Market size is projected to grow from USD 6.9 billion in 2019 to USD 13.9 billion by 2024, at a CAGR of 15.1% from 2019 to 2024. Major growth drivers for the market include the growing adoption of big data and other related technologies.
Browse in-depth TOC on "Product Analytics Market"
41 – Tables
35 – Figures
109 – Pages
Ask for PDF Brochure:
Retail & consumer goods vertical to hold a larger market size during the forecast period
Product analytics in this vertical assist vendor to get a more detailed understanding of consumer needs & attitudes, which helps make faster decisions in day-to-day business, and deliver improved performance. In the vertical, the focus of product analytics is sales in which analytics has a significant impact followed by marketing, finance, and supply chain. Several companies in the vertical are making vast improvements to their internal data and BI system, along with substantial investments in a mix of on-premises and cloud-based analytics that provides flexibility to scale while leveraging the existing IT investment.
Manufacturers end-user to lead the market in 2019
Product analytics plays an integral part in manufacturing, planning, warranty analysis, supply chain intelligence, and so on. Customers are demanding quality products at lower prices with faster delivery. Hence, it has become vital for manufacturers to deliver a differentiated experience throughout the entire customer lifecycle.
Speak to Our Expert Analyst:
North America to hold the largest market size during the forecast period
North America has always been an innovative and competitive ground for every technology. Due to the presence of tech-giants such as Google, Oracle, IBM in this region, technological trends such as Business Intelligence (BI), Artificial Intelligence (AI), Machine Learning (ML), cloud technology, and analytics solutions are observed. Product analytics is used by various industries such as retail, manufacturing, automotive, and healthcare, to analyze the user, enhance the user experience, and offer better service in this region.
Major vendors covered in the Product Analytics Market include Google (US), IBM (US), Oracle (US), Adobe (US), Salesforce (US), Mixpanel (US), Piwik PRO (Poland), Amplitude (US), and Heap (Denmark) Plytix (US), Pendo (US),Risk Edge Solutions (India), LatentView (US), and Kissmetrics (US).
Browse Adjacent Markets: Analytics Market Research Reports & Consulting
Predictive Analytics Market by Solutions (Financial Analytics, Risk Analytics, Marketing Analytics, Sales Analytics, Web & Social Media Analytics, Network Analytics), Services, Deployment, organization size and Vertical - Global Forecast to 2022
Supply Chain Analytics Market by Software (Supplier Performance Analytics, Demand Analysis and Forecasting, and Inventory Analytics), Services, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MarketsandMarkets™ Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/product-analytics.asp