Global Data and Analytics Service Software Market by Type (Cloud-Based, On-Premises), By Application (Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global data and analytics service software market is expected to grow from USD 9.02 Billion in 2018 to USD 21.01 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. The growth of the data and analytics service software market is attributed to the increasing demand for big data and analytics services, rising need for real-time insights, and growing adoption of cloud-based deployments. However, lack of awareness about big data and analytics solutions among small enterprises is a major restraining factor for the growth of this market. Based on type, the global data and analytics service software market has been segmented into cloud-based and on-premises segments. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period.



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Product Definition:

Data and analytics service software is used to collect, store, analyze and manage data. It helps organizations make better business decisions by providing them with insights into their data.

Cloud-Based:

Cloud-based software is a type of service software that provides functionality to the end-users through the internet. It helps in storing data on digital media for future use. The major advantage of cloud based services is that they are easily accessible from any part of the world, thereby providing flexibility and scalability to businesses. Cloud computing has been one of the primary driving factors for big data analytics adoption as it enables organizations to analyze large volumes of information at low costs and with high speed.

On-Premises:

On-premises software is a type of data and analytics service software that is installed and used on the end user's computers or servers. The end users can be an individual or an organization. On-premises software has advantages such as easy to use, customized solutions, cost effective, secure & reliable data processing capabilities but there are some disadvantages like lack of flexibility and scalability for large scale operations.

Application Insights:

The large enterprises segment dominated the global data and analytics service software market in 2017. The segment is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to the high usage of these services by large organizations for various purposes, such as decision-making, risk management, and monitoring & controlling activities. Furthermore, growing demand for real-time visibility into financial and operational data generated through business processes supported by advanced technology is also propelling the growth of this segment.

Medium-sized enterprise application is anticipated to grow at a significant rate over the forecast period owing to increasing penetration in banking sector which uses these solutions for fraud detection and prevention activities along with improving customer experience across channels such as web interaction & mobile app interfaces. Moreover, medium sized companies can leverage cloud computing model adopted by larger counterparts while still maintaining control over their infrastructure costs thereby driving adoption among SMEs (smaller than 99 users).

Regional Analysis:

The North American regional market dominated the global data and analytics services software industry in 2016. The growth of this region can be attributed to the presence of a large number of small, medium, and large enterprises in the region. In addition, organizations are focusing on implementing advanced technologies such as big data analytics to gain competitive advantage over their competitors. Moreover, increasing demand for cloud-based solutions is also expected to drive regional growth over the forecast period.

However, Asia Pacific is projected to emerge as a lucrative destination for vendors offering these solutions owing to growing adoption by SMEs and MNCs operating across various sectors such as manufacturing (automotive), retail & consumer goods among others. Furthermore, an increasing number of IT companies are outsourcing their business operations including IT infrastructure deployment and management along with related services such as data center facilities from India thereby driving market growth in APAC region during forecast period  (2018 To 2030).

Growth Factors:

Increasing demand for big data and analytics services from small and medium businesses (SMBs) due to the increasing adoption of cloud-based services.
The growing popularity of data-driven decision making across all industries is fueling the demand for big data and analytics services.
Rapid expansion of Internet of Things (IoT) is generating huge volumes of data that needs to be processed and analyzed, thereby driving the demand for big data and analytics services.
Proliferation of digital channels such as social media, mobile apps, etc., has resulted in an explosion in customer data that needs to be captured, processed, and analyzed for deriving insights; this is fueling the growth of big data and analytics market.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Data and Analytics Service Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
Teradata, PwC, Accenture, Infosys, IBM, Cognizant, Capgemini, Deloitte, Ernst & Young, Wipro, DXC Technology, KPMG, Genpact, NTT Data, HCL Technologies, NEC, Atos, LTI, Catapult BI, SAP, BizAcuity, Avanade, PA Consulting, Affecto
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.

Global Data and Analytics Service Software Market Report Segments:
The global Data and Analytics Service Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
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
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
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:
Teradata
PwC
Accenture
Infosys
IBM
Cognizant
Capgemini
Deloitte
Ernst & Young
Wipro
DXC Technology
KPMG
Genpact
NTT Data
HCL Technologies
NEC
Atos
LTI
Catapult BI
SAP
BizAcuity
Avanade
PA Consulting
Affecto



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Highlights of The Data and Analytics Service 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:
Cloud-Based
On-Premises
By Application:
Large Enterprises(1000+ Users)
Medium-Sized Enterprise(499-1000 Users)
Small Enterprises(1-499 Users)
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 and Analytics Service 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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