Embedded Analytics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016-2024
Global Embedded Analytics Market: Overview
The integration of analytical contents and the capabilities of applications such as business process application includes EHR or EMR, CRM, and ERP or portals such as extranets or intranets are known as embedded analytics. The analytics function embedded within the business software applications are visual workflows, benchmarking, static and interactive reports, mobile reports, self-service analytics, data visualization tools, and dashboards. The capabilities present outside the application can use the analytic infrastructure and it is also accessible inside the application without switching the systems. The business intelligence platform integration in the application can help in efficient and informative decision-making. Thus, due to the technological advancement, the global embedded analytics market growth fueled.
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Global Embedded Analytics Market: Growth Factors
The increase in the embedded analytical tools in the global market is mainly due to the rise in the transfer of huge data or IoT, increasing mobile and cloud technology dependency, and increasing demand for embedded analytics for applications in business. The use of the embedded analytics in the business application has leveraged the global market. The growth in the data quantity through the channels such as IoT, mobile computing, personal computers, social media, and others fuel the global embedded analytics market. The employee data and payroll process digitalization drive the growth of the global market. The various enterprises are utilizing the analytics power to make improve the quality, real-time decisions, and the growing profitability of the organization.
Global Embedded AnalyticsMarket: Segmentation
The global embedded analytics market is segmented on the basis analytical tool, deployment model, business application, vertical, and region. The analytical tool segment is further bifurcated into benchmarking, self-service, dashboards and data visualization, and reporting. The deployment model segment is divided into on cloud and on-premises deployment models. The business application segment is further categorized into operations, finance, human resources, sales, and marketing. The vertical segment is segmented into media and entertainment, IT and Telecommunication, energy and utility, transportation, healthcare and life sciences, government and defense, banking, financial services, and insurance, retail and consumer goods, academia and research, and others. The regional segmentation includes Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. The business application and self-service segment are expected to grow at a rapid pace in the global embedded analytics market.
Global Embedded Analytics Market: Regional Analysis
North America is expected to dominate the global embedded analytics market due to the growing demand for infused analytics technologies and tools, the presence of large enterprises, and excellent technical experts in this region. The global market in Asia-Pacific region is growing at the highest CAGR because of the huge amount of data derived from various modes such as mobile computing, social media, and IoT.
Global Embedded AnalyticsMarket: Competitive Players
The key players in the global embedded analytics market include SAP SE, Qlik, OpenText Corporation, Information Builders, Microsoft Corporation, Sisense Inc., Microstrategy Incorporation, Birst, Inc., IBM Corporation, Logi Analytics, and TIBCO Software Inc.