Global Embedded Analytics Market to Reach US$ 175.3 Billion by 2032, Impelled by Considerable Rise in Data Generation

July 08, 2022 | Technology & Media

According to 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 reached a value of US$ 62.0 Billion in 2023. Embedded analytics refers to a digital workplace capability that is used by multiple businesses for data analysis based on real-time reporting. It is an integration of dashboards, reports, business intelligence (BI) and data visualization inside a web portal or business application. It aids enterprises with relevant information and insights that help in better decision-making and enable a seamless experience for users and customers. Its deployment in businesses aid in achieving several benefits, such as customization of feedback with dashboards and visualizations, connecting different data sources for easy access, control over the security of the data, and viewing and editing key performance indicator (KPI) and sales dashboards.

Global Embedded Analytics Market Trends:

The global market is primarily driven by a considerable increase in data generation across the corporate sector. Supported by rapid digitization and the penetration of high-speed internet connectivity that has provided easy access to numerous web platforms to the masses, this has encouraged several leading players to heavily invest in the deployment of embedded analytics platforms within organizations, thereby catalyzing the market growth. Moreover, continual technological advancements and the integration with the internet of things (IoT), artificial intelligence (AI), cloud computing and machine learning (ML) with embedded analytics are impacting the market favorably. Furthermore, the rising adoption of remote working on account of the rapid outbreak of coronavirus disease (COVID-19) is considered to be a major growth-inducing factor. Other factors, including continuous improvements in the information technology (IT) infrastructure and extensive research and development (R&D) activities conducted by key players, are also creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 175.3 Billion by 2032, exhibiting a CAGR of 11.9% during 2024-2032.

Market Summary: 

  • On the basis of the solution, the market has been bifurcated into software and services.
  • Based on the analytics tools, the market has been classified into dashboard and data visualization, self-service tools, benchmarking and reporting.
  • On the basis of the deployment mode, the market has been segregated into on-premises and cloud-based.
  • Based on the business function, the market has been categorized into finance, human resources (HR), marketing and sales, production and others.
  • On the basis of the organization size, the market has been bifurcated into small and medium-sized enterprises (SMEs) and large enterprises.
  • Based on the industrial vertical, the market has been segmented into BFSI, IT and telecommunication, retail and consumer goods, healthcare and life sciences, manufacturing, government, energy and utilities, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include 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 ( Inc), TIBCO Software Inc. and Yellowfin.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Solution, Analytics Tool, Deployment Mode, Business Function, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 ( Inc), TIBCO Software Inc. and Yellowfin
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Embedded Analytics Market to Reach US$ 175.3 Billion by 2032, Impelled by Considerable Rise in Data Generation
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