Business Analytics Market size was valued at US$ 67.92 Bn. in 2020 and the total revenue is expected to grow at 7.5 % through 2021 to 2027, reaching nearly US$ 112.68 Bn.
Business Analytics Market Definition:
MMR, market research and consulting organization, has released a new study titled "Business Analytics market - outlook to 2027". Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Business Analytics market to grow at a CAGR of %.
According to an Analyst at MMR, the Business Analytics market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the Business Analytics market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Business Analytics Market Segmentation:
Based on the Enterprise Size, the global Business Analytics market is sub-segmented into Large Enterprises and SMBs. The SMBs segment held the largest market share of in 2020. Instead of using spreadsheet modelling and manual computations, these businesses are using advanced tools like descriptive, diagnostic, and predictive BA. Furthermore, the growing use of BA by finance-based security agencies for inspection, monitoring, and avoiding fraudulent activities involving high-value accounts is expected to propel the market even further.
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Business Analytics Market Key Players:
• IBM • Infor • Tibco Software, Inc. • Microsoft Corporation • Microstrategy Incorporated • Oracle Corporation • QLIK Technologies, Inc. • SAP SE • SAS Institute, Inc. • Tableau Software, Inc. • Adobe Systems Incorporated • International Business Machines Corporation • Fair Isaac Corporation • Amazon Web Services • Teradata Corporation • Salesforce.com Inc. • Cloudability, Inc. • Densify, Inc. • Maxpanel Inc.
The report provides a detailed analysis and forecast of the industry covering the following key features:
Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
Key industry developments and key insights
Significant marketing factors such as driver, restraints, opportunity, and challenges
Number of significant companies and their revenue and net income
Other market trends
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