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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Embedded Analytics Market Growth
High Replacement Costs
The high replacement cost associated with embedded analytics is the key hindering factor in the embedded analytics market share.
Unavailability of Skilled Professionals
Unavailability of skilled professionals, maintenance of software, and training workforce are other major factors restraining the market growth.
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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