Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Business Analytics Market to Grow at a CAGR of 8.3% During the Period 2022-2027, Driven by Growth in Big Data

According to a new report by EMR titled, ‘Global Business Analytics Market Report and Forecast 2022-2027’, the global business analytics market is expected to grow at a CAGR of 8.3% during the period 2022-2027, led by the need to process large amounts of data to make intelligent business decisions.

The global business analytics market is expected to be pushed by growth of Big Data, modern solutions by leading companies, and the need to analyse huge amounts of data (particularly unstructured data) in the digital age to make intelligent business decisions, and streamline and optimize processes. Use of data analytics pervades several domains, including marketing, healthcare, logistics, finance, ecommerce, food service and restaurants, professional sports, entertainment, casinos, and others. North America, Europe and Asia are expected to be key markets. 

 

Over the years, business analytics applications have displayed significant growth in different sectors, including agriculture, finance marketing, stock marketing, medical, manufacturing, bond marketing, customer relationship management, human resources, and others.

 

Leading companies offer modern and high-quality business analytics software solutions to enable efficient business operations. For example, IBM offers data and analytics consulting services to enable organizations to put together organizational data for analytical, operational, data science, and AI models to optimize data-driven decision making and allow efficient business processes. 

 

Wipro offers data, analytics, and AI services which help organizations generate novel business models and streams of revenue while enabling quality, security, and regulatory compliance of data. 

 

In 2020, Oracle introduced cloud-based MySQL database service with a new analytics engine capable of carrying out transaction processing and business analysis projects within the same database system.

 

Key Findings of the Report

  • The global business analytics market is expected to be driven by the need to optimize and streamline business processes.
  • Applications across sectors are expected to boost market growth.
  • Asia, Europe and North America are projected to be key markets.    

 

Market Analysis by Software, Deployment Type, Enterprise Size, Industry Vertical and Region 

  • By software, the market is segmented into Reporting Query, and Analysis Tools; Data Warehousing Platform; Content Analytics; and Others.
  • On the basis of deployment type, the market is divided into Cloud and On-premises.
  • Based on enterprise size, the market is classified into Large Enterprises and Small and Medium Enterprises.
  • By industry vertical, the market is divided into Energy and power; Banking, Financial Services, and Insurance (BFSI); Government; Education; Healthcare; Retail; Media and Entertainment; Telecom and IT; Manufacturing; and Others.
  • By region, the market is segmented into Europe, North America, Latin America, Asia Pacific, and Middle East and Africa.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports
NEWSLETTER