The latest report by IMARC Group, titled “Embedded Analytics Market Report by Solution (Software, Services), Analytics Tool (Dashboard and Data Visualization, Self-Service Tools, Benchmarking, Reporting), Deployment Mode (On-Premises, Cloud-Based), Business Function (Finance, Human Resources (HR), Marketing and Sales, Production, and Others), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), Industry Vertical (BFSI, IT and Telecommunication, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government, Energy And Utilities, and Others), and Region 2024-2032“, The global embedded analytics market size reached US$ 62.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 175.3 Billion by 2032, exhibiting a growth rate (CAGR) of 11.9% during 2024-2032.
Embedded analytics refers to integrating data analysis and visualization capabilities directly into software applications, platforms, or business processes. It enables users to access and interact with data-driven insights without leaving their application. It streamlines decision-making, allowing users to make informed choices based on real-time data within their familiar work environment. It can be found in numerous applications, from customer relationship management (CRM) software to financial management tools and healthcare systems. These analytics modules often include interactive dashboards, data querying, and reporting functionalities. Additionally, it can democratize data, making it accessible to non-technical users while empowering individuals across an organization to use the power of data to improve their decision-making processes. It also enhances user engagement and productivity by reducing the need to switch between various software applications for data analysis.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/embedded-analytics-market/requestsample
Embedded Analytics Market Trends and Drivers:
The embedded analytics market is primarily driven by the growing healthcare industry. In addition, the rising demand for embedded analytics to monitor patient data, optimize treatment plans and improve patient outcomes while allowing healthcare providers to use it for real-time data analysis, predictive analytics, and personalized patient care influences the market growth. Moreover, the widespread adoption of embedded analytics in the telecommunications sector to analyze network performance, manage customer data, and predict network issues while ensuring uninterrupted communication services and enhancing network efficiency represents another major growth-inducing factor. Besides this, the rising demand for embedded analytics in the hospitality sector to analyze guest preferences, track hotel occupancy, and optimize pricing strategies while providing personalized services to guests is accelerating market growth. Along with this, the rising e-commerce industries are using embedded analytics to enhance customer experiences by providing personalized product recommendations, analyzing sales trends, and optimizing pricing strategies that help increase sales and customer retention, propelling market growth. Furthermore, the extensive use of embedded analytics in educational institutions to track student performance, identify areas for improvement, and personalize learning experiences while helping educators make data-driven decisions to enhance teaching methods is creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Solution:
- Software
- Services
Breakup by Analytics Tool:
- Dashboard and Data Visualization
- Self-service Tools
- Benchmarking
- Reporting
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Business Function:
- Finance
- Human Resources (HR)
- Marketing and Sales
- Production
- Others
Breakup by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Industry Vertical:
- BFSI
- IT and Telecommunication
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Manufacturing
- Government
- Energy and Utilities
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Infor (Koch Industries Inc.)
- International Business Machines Corporation
- Logi Analytics Inc. (Insightsoftware Inc.)
- Microsoft Corporation
- Open Text Corporation
- Oracle Corporation
- QlikTech International AB
- SAP SE
- Sisense Inc.
- Tableau Software LLC (Salesforce.com Inc)
- TIBCO Software Inc.
- Yellowfin
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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