Market Overview:
The global software analytics market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for big data and analytics solutions, growing need for business intelligence and performance management, and rising adoption of software analytics by small and medium-sized businesses (SMBs). The professional service segment is expected to hold the largest share of the global software analytics market in 2018. This segment is also projected to grow at the highest CAGR during the forecast period.
Product Definition:
Software analytics is a process of deriving insights from data in order to improve the performance of software. Usage of software analytics helps in understanding how users are interacting with the software, where they are getting stuck and what needs improvement. It also helps identify potential problems and track progress over time.
Professional Service:
Professional service is a combination of consulting, design & development, implementation and training & support services. It's usage in software analytics market is increasing rapidly as it helps to get real-time data and improve the business processes. Software analytics professional services help organizations to increase their profitability by reducing operational costs through improved efficiency of IT assets along with better utilization of employee time.
Support And Maintenance Services:
Support and maintenance services are used in software analytics to reduce the complexity of systems. These services help organizations by providing them with trained personnel, support, and maintenance for their IT infrastructure. Software analytics is a tool that helps an organization gain knowledge from data to make better decisions regarding business growth & development. It also helps in analyzing past performance trends so as to forecast future results with accuracy.
The global software analytics market size was valued at USD 605 million in 2015.
Application Insights:
The software analytics market is segmented by application into business, IT & telecommunication, healthcare, retail, manufacturing, transportation & logistics and media & entertainment. The software analytics in the IT & telecommunication sector are expected to witness lucrative growth over the forecast period owing to increasing demand for real-time data that helps enterprises make better decisions about investments and resources. This has led to an increase in demand for solutions such as predictive asset management and fraud detection services among others.
Software analytics in the healthcare sector help providers deliver high-quality care through effective information flow between departments within a hospital as well as with external partners such as insurance companies or laboratories. These solutions also assist medical professionals with meaningful insights that can be used to improve patient safety and experience better communication with them. The growing need for monitoring patient safety along with rising awareness regarding clinical applications is expected fuel industry expansion over the next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing investments in software development and implementation of analytics solutions across various industries. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising adoption of advanced technologies such as big data, cloud computing, and IoT among others across various industry verticals including manufacturing, healthcare & life sciences, retail & e-commerce sectors.
The European region accounted for more than 20% share in 2017 owing to increased adoption of software analytics solutions by large enterprises operating within this region. Furthermore, presence of major players such as SAS Institute; Teradata Corporation; Informatica Corporation; Cloudera Inc.; IBM Corporation; Microsoft Corporation; Oracle International Inc.; Business Objects S.A.
Growth Factors:
- Increased demand for big data and analytics services by organizations to improve decision-making.
- Proliferation of cloud-based software analytics solutions that offer faster deployment, scalability, and lower costs.
- Emergence of new software analytics use cases such as predictive maintenance and fraud detection that are helping to expand the market beyond its traditional focus on performance management and business intelligence (BI).
- Growing demand for self-service software analytics tools among business users who want to analyze their own data without help from IT staff.
- Rapid expansion of mobile apps and the Internet of Things (IoT) which are generating large volumes of data that need to be analyzed in order to improve performance or create new business opportunities
Scope Of The Report
Report Attributes
Report Details
Report Title
Software Analytics Market Research Report
By Type
Professional Service, Support And Maintenance Services
By Application
BFSI, IT & Telecommunication, Healthcare, Retail, Manufacturing, Transportation & Logistics, Media & Entertainment, Others
By Companies
SAP, SAS Institute, IBM, Oracle, Tableau Software, Microsoft, Teradata, Microstrategy, Informatica
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Software Analytics Market Report Segments:
The global Software Analytics market is segmented on the basis of:
Types
Professional Service, Support And Maintenance Services
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
BFSI, IT & Telecommunication, Healthcare, Retail, Manufacturing, Transportation & Logistics, Media & Entertainment, Others
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:
- SAP
- SAS Institute
- IBM
- Oracle
- Tableau Software
- Microsoft
- Teradata
- Microstrategy
- Informatica
Highlights of The Software Analytics 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:
- Professional Service
- Support And Maintenance Services
- By Application:
- BFSI
- IT & Telecommunication
- Healthcare
- Retail
- Manufacturing
- Transportation & Logistics
- Media & Entertainment
- Others
- 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 Software Analytics 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
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- Product & Brand Management
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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
Frequently Asked Questions?
Software analytics is the process of tracking and analyzing data about software usage in order to improve its design, development, and operation.
Some of the major players in the software analytics market are SAP, SAS Institute, IBM, Oracle, Tableau Software, Microsoft, Teradata, Microstrategy, Informatica.
The software analytics market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Software Analytics Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Software Analytics Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Software Analytics Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Software Analytics Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Software Analytics Market Size & Forecast, 2018-2028 4.5.1 Software Analytics Market Size and Y-o-Y Growth 4.5.2 Software Analytics Market Absolute $ Opportunity
Chapter 5 Global Software Analytics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Software Analytics Market Size Forecast by Type
5.2.1 Professional Service
5.2.2 Support And Maintenance Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Software Analytics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Software Analytics Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 IT & Telecommunication
6.2.3 Healthcare
6.2.4 Retail
6.2.5 Manufacturing
6.2.6 Transportation & Logistics
6.2.7 Media & Entertainment
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Software Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Software Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Software Analytics Analysis and Forecast
9.1 Introduction
9.2 North America Software Analytics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Software Analytics Market Size Forecast by Type
9.6.1 Professional Service
9.6.2 Support And Maintenance Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Software Analytics Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 IT & Telecommunication
9.10.3 Healthcare
9.10.4 Retail
9.10.5 Manufacturing
9.10.6 Transportation & Logistics
9.10.7 Media & Entertainment
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Software Analytics Analysis and Forecast
10.1 Introduction
10.2 Europe Software Analytics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Software Analytics Market Size Forecast by Type
10.6.1 Professional Service
10.6.2 Support And Maintenance Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Software Analytics Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 IT & Telecommunication
10.10.3 Healthcare
10.10.4 Retail
10.10.5 Manufacturing
10.10.6 Transportation & Logistics
10.10.7 Media & Entertainment
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Software Analytics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Software Analytics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Software Analytics Market Size Forecast by Type
11.6.1 Professional Service
11.6.2 Support And Maintenance Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Software Analytics Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 IT & Telecommunication
11.10.3 Healthcare
11.10.4 Retail
11.10.5 Manufacturing
11.10.6 Transportation & Logistics
11.10.7 Media & Entertainment
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Software Analytics Analysis and Forecast
12.1 Introduction
12.2 Latin America Software Analytics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Software Analytics Market Size Forecast by Type
12.6.1 Professional Service
12.6.2 Support And Maintenance Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Software Analytics Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 IT & Telecommunication
12.10.3 Healthcare
12.10.4 Retail
12.10.5 Manufacturing
12.10.6 Transportation & Logistics
12.10.7 Media & Entertainment
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Software Analytics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Software Analytics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Software Analytics Market Size Forecast by Type
13.6.1 Professional Service
13.6.2 Support And Maintenance Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Software Analytics Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 IT & Telecommunication
13.10.3 Healthcare
13.10.4 Retail
13.10.5 Manufacturing
13.10.6 Transportation & Logistics
13.10.7 Media & Entertainment
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Software Analytics Market: Competitive Dashboard
14.2 Global Software Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP
14.3.2 SAS Institute
14.3.3 IBM
14.3.4 Oracle
14.3.5 Tableau Software
14.3.6 Microsoft
14.3.7 Teradata
14.3.8 Microstrategy
14.3.9 Informatica