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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape of Embedded Analytics Industry
IBM Corporation is a leading technology company that provides cloud-based services, hardware, software, and cognitive computing. The business provides cloud goods in the form of the Watson supercomputer, Bluemix, a SoftLayer cloud, and data analytics or cognitive computing capabilities.
OpenText Corporation is a leader in information management and helps companies gather, control, and securely communicate data on a worldwide scale. Small- to medium-sized businesses to the biggest and most complicated organisations in the world can all benefit from OpenText's assistance in addressing their digital business concerns.
Microsoft Corporation develops and provides support for a wide range of software products, services, solutions, and tools. The company's segments include personal computing, intelligent clouds, and productivity and business processes.
SAP SE offers enterprise application software and services connected to software. It provides a range of solutions, such as corporate resource planning, financial management, digital supply chain, analytics, intelligent technologies, a digital platform, human resources, customer resource management, customer experience, and speed management. The presence of such solutions is likely to aid the global embedded analytics market growth.
TIBCO Software Inc. provides real-time data that has the ability to help people make quicker, more informed decisions. Any application or data source may be connected to the connected intelligence platform without a hitch, and it intelligently combines data for better access, trust, and control. It also makes solid predictions of outcomes in real-time and at scale.
Sisense Inc. is a business intelligence (BI) software giant that offers a variety of benefits to its customers. It can be used to compile data from various sources and store it all in one place. The app's robust visual reports can be utilised to generate smart analysis.
Embedded Analytics Market Report Snapshots
Embedded Analytics Market Size
Embedded Analytics Market Trends
Embedded Analytics Market Growth
Embedded Analytics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market for embedded analytics attained a value of nearly USD 61.97 billion.
The market is projected to grow at a CAGR of 14.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 203.11 billion by 2032.
The major drivers of the market include the high penetration of the internet, surge in need for better data management, growing amount of business data and Bring Your Own Device (BYOD) across numerous industries, shift from traditional business intelligence (BI) techniques to advanced BI, increasing adoption of data modernisation technologies and the rising utilisation of embedded analytics in the BFSI and manufacturing sector.
The rise in data-driven organisations and growing implementation of self-service analytics are the key industry trends aiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The several components in the market are software and services.
Based on deployment, the market is divided into on premises and cloud-based.
On the basis of size of organisation, the market is segmented into large enterprises and small and medium enterprises.
The major industries in the market are BFSI, retail, media and entertainment, healthcare, manufacturing, IT and telecommunication, among others.
Leveraging embedded analytics helps the organisations in creating a more compelling, competitive customer experience which is a top priority for today's businesses.
The key players in the industry are IBM Corporation, Open Text Corporation, Microsoft Corporation, SAP SE, TIBCO Software, Inc., and Sisense Inc., among others.
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