Global Data Analytics Software Market by Type (On-premise, Cloud-based), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global data analytics software market is expected to grow from USD 9.02 billion in 2018 to USD 21.01 billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the data analytics software market can be attributed to the increasing demand for big data and advanced analytics solutions across industries, growing need for real-time insights and decision making, and rising trend of cloud-based deployments. However, lack of skilled workforce is one of the major factors restraining the growth of this market. On-premise deployment type is expected to hold a larger share than cloud-based deployment type in the global data analytics software market during the forecast period. On-premise deployment type offers several benefits such as better security and control over confidential information, faster implementation timeframes, and lower Total Cost of Ownership (TCO).



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Product Definition:

Data analytics software is used to collect, organize and analyze data. The purpose of data analytics software is to help businesses make better decisions by providing them with insights into their data.

On-premise:

On-premise software is a type of data analytics software that is installed and used directly by the end-users or companies. The on-premise software has been in use for many years, mainly due to its benefits such as easy integration with the company’s existing systems and minimal risk involved in using it. However, over the past few years, there have been significant changes in technology which have led to an increased demand for cloud computing services.

Cloud-based:

Cloud-based software is a type of Software as a Service (SaaS) that provides on-demand remote access to data and applications. It helps in reducing the cost of IT infrastructure, which is one of its major benefits. The other benefit includes increased productivity for organizations as they can get more done in lesser time with improved efficiency.

Application Insights:

The market is segmented by application into Small, Medium and Large-sized Enterprises (SMEs), and large enterprises. The SMEs segment held the largest share of over 60% in 2017. This can be attributed to factors such as easy access to data, need for speed in decision-making process, growing adoption of mobile solutions and an increase in demand for real-time analytics among other factors.

The large enterprise segment is anticipated to register the highest CAGR over the forecast period owing to increasing demand from various industries including healthcare, financial services & insurance (FS&I) and public sector organizations (PSO). For instance, In April 2018 IBM announced a partnership with Salesforce that will enable customers of both companies to gain insights from their data using Watson Analytics Platform powered by IBM Cloudant technology. Such initiatives are expected drive revenue growth across all industry verticals during the forecast period.

Regional Analysis:

North America dominated the global data analytics software market in 2017. North America has a well-established IT sector and is home to several large enterprises that are early adopters of advanced technologies. The U.S., in particular, is one of the most lucrative markets for vendors offering data analytics solutions as it holds a high volume of digital information generated by individuals across various industries, such as retail, telecom, and e-commerce.

Asia Pacific region is expected to witness significant growth over the forecast period owing to increasing adoption of cloud computing services in this region due to growing demand from SMEs for on-demand processing power along with reduced infrastructure costs associated with deploying these solutions at scale compared to their own data centers. Furthermore, rising awareness among consumers regarding big data analysis and its applications are driving regional growth since businesses can gain insights into consumer behavior patterns which help them make better decisions about product development or marketing campaigns thereby boosting revenue generation capabilities leading to increased demand for big Data Analytics Software (BDS).

Growth Factors:

Increasing demand for data-driven decision making across organizations
Proliferation of big data and the need to manage it effectively
The increasing popularity of cloud-based solutions and the growing trend of moving business processes to the cloud
The rising demand for real-time analytics and insights
Growing focus on enterprise mobility


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Scope Of The Report
Report Attributes
Report Details
Report Title
Data Analytics Software Market Research Report
By Type
On-premise, Cloud-based
By Application
SMEs, Large Enterprises
By Companies
Alteryx, Apache Hadoop, Apache Spark, Birst, Domo, GoodData, Google Analytics, IBM, Looker, MATLAB, Minitab, Qlik Sense, RapidMiner, SAP Business Intelligence Platform, Sisense, Stata, Visitor Analytics, Yellowfin, Zoho Analytics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.

Global Data Analytics Software Market Report Segments:
The global Data Analytics Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Alteryx
Apache Hadoop
Apache Spark
Birst
Domo
GoodData
Google Analytics
IBM
Looker
MATLAB
Minitab
Qlik Sense
RapidMiner
SAP Business Intelligence Platform
Sisense
Stata
Visitor Analytics
Yellowfin
Zoho Analytics



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Highlights of The Data Analytics Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premise
Cloud-based
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Data Analytics Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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