Business Analytics Software Market Research Report 2022, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Business Analytics Software Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Business Analytics Software Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Business Analytics Software Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Business Analytics Software Market is valued approximately at USD 59.46 billion in 2019 and is anticipated to grow with a healthy CAGR more than 9.7% over the forecast period 2020-2026. Business analytics software helps in interpretation and analysis of business data with the help of continuous exploration and investigation of historical business performance in order to gain decisive insights for business planning. A business analytics software conducts predictive analysis to derive decision making insights and inputs for better outcome.

A business analytics software is used to uncover patterns and relationships between data streams and leads to automation of tasks and processes for real-time responses in decision making. Increase in adoption of business analytics software by many organizations due to continuously increasing investments in business intelligence and analytic tools for better revenue are the few factors responsible for growth of the market over the forecast period. Furthermore, surge in demand for cloud-based business analytics software among small & medium-sized businesses and increasing awareness about numerous benefits provided by this software seems to be opportunity for market key players to expand their business analytic software solution, will likely to propel the growth of this market.

For instance: as per company’s news release, Oracle Corporation announced the expansion of its portfolio of data analytics tools under the product name Oracle Analytics. Oracle’s analytic capabilities are available in the cloud via Oracle Analytics Cloud, on-premise via Oracle Analytics Server, and within applications via Oracle Analytics for Oracle Cloud Applications.  However, high implementation cost and lack of skilled workforce is the major factor restraining the growth of global Business Analytics Software market during the forecast period.

The regional analysis of global Business Analytics Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the rising adoption of business analytic software in every business size. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:

Oracle Corporation
SAS Institute Inc.
SAP SE
International Business Machines (IBM) Corporation
Microsoft Corporation
Adobe Systems Incorporated
Tableau Software
Salesforce.com Inc.
QlikTech International AB
Fair Isaac Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment Model:
On-demand/Cloud
On-premise

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By End-User:
IT & Telecom
Retail
BFSI
Manufacturing
Others

By Application:
Customer Analytics
Supply Chain Analytics
Marketing Analytics
Pricing Analytics
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast

Click Here to Download Sample Report >>  https://www.kennethresearch.com/sample-request-10321925 period – 2020 to 2026\

Target Audience of the Global Business Analytics Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Business Analytics Software Market, by Region, 2018-2026 (USD Billion)
1.2.2. Business Analytics Software Market, by Deployment Model, 2018-2026 (USD Billion)
1.2.3. Business Analytics Software Market, by End User, 2018-2026 (USD Billion)
1.2.4. Business Analytics Software Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Business Analytics Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Business Analytics Software Market Dynamics
3.1. Business Analytics Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Business Analytics Software Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Business Analytics Software Market, by Deployment Model
5.1. Market Snapshot
5.2. Global Business Analytics Software Market by Deployment Model, Performance – Potential Analysis
5.3. Global Business Analytics Software Market Estimates & Forecasts by Deployment Model 2016-2026 (USD Billion)
5.4. Business Analytics Software Market, Sub Segment Analysis
5.4.1. On-demand/Cloud
5.4.2. On-premise
Chapter 6. Global Business Analytics Software Market, by End User
6.1. Market Snapshot
6.2. Global Business Analytics Software Market by End User, Performance – Potential Analysis
6.3. Global Business Analytics Software Market Estimates & Forecasts by End User 2016-2026 (USD Billion)
6.4. Business Analytics Software Market, Sub Segment Analysis
6.4.1. IT & Telecom
6.4.2. Retail
6.4.3. BFSI
6.4.4. Manufacturing

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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