Global Embedded Analytics Market Size, Trends, and Growth Opportunity, By Business Function (Finance, Human resources (HR), IT), By Component (Software, Managed Services & Professional Services), By End User (Telecommunications and IT, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others), By Region and Forecast to 2030.
Report ID : IR1002464 | Industries : Energy & Power | Published On :June 2024 | Page Count : 230
Global Embedded Analytics Market Size, Trends, and Growth Opportunity, By Business Function (Finance, Human resources (HR), IT), By Component (Software, Managed Services & Professional Services), By End User (Telecommunications and IT, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others), By Region and Forecast to 2030.
Global Embedded Analytics Market
The Global Embedded Analytics Market was valued at USD 58.95 billion in 2022 and is expected to expand to USD 165.72 billion by 2030, at a CAGR of 11.85% during the forecast period 2023-2030.
Embedded analytics is a digital workshop competence where data analysis is done within a user's natural workflow, without the need to switch to another application. It is the technology that is designed to make data analysis and business intelligence (BI) more accessible by any application and user. It is the integration of data visualizations & analytical capabilities into another software application.
Market Drivers
Embedded analytics allow individuals to view the information in context, which leads to better outcomes and gaining valuable insight at the point of decision. As a result, the demand for embedded analytics increases during the forecast period. Further, the rapid use of smartphones has augmented the rate of digitalization all around the world which increases the demand for the market.
Furthermore, increasing usage of hand-held devices and cloud computing & the implementation of cloud computing technologies is one of the major factors expected to drive the growth of the embedded analytics market over the forecast period 2023-2030.
Market Restraints
The high replacement cost is expected to hinder the growth of the embedded analytics market. The systems can be advantageous in many ways but substituting old systems with the appropriate embedded analytics software is a very costly business.
Further, staff training and competency building is also a costly process, which is expected to obstruct the market revenue growth.
Market Segmentation
The global embedded analytics market is segmented into business function, component, end user, and region.
Based on business function, the global embedded analytics market is segmented into finance, human resources (HR), and IT.
Based on components, the global embedded analytics market is segmented into software, managed services, and professional services.
Based on end users, the global embedded analytics market is segmented into telecommunications, IT, manufacturing, government, energy & utilities, media & entertainment, and others.
Regional Analysis
The global embedded analytics market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the embedded analytics market owing to the growing attention of major industry end users including retail, BFSI, healthcare, and government on embedded analytics. Moreover, the presence of key market players will further increase the market growth in this region.
The Asia-Pacific region shall continue to project the highest CAGR over the forecast period of 2030 owing to the growth & expansion of industry verticals in this region. Also, the region is a dominant player in cloud services applications.
Key Players
Various key players are discussed in the global embedded analytics market report including; Microsoft, SAS Institute Inc., IBM, Oracle, TIBCO Software Inc., MICROSTRATEGY INCORPORATED, TABLEAU SOFTWARE, LLC., QlikTech International AB, Open Text Corporation, Bella Data Labs, and Others.
For instance, in 2021, IBM announced major storage portfolio developments that aimed at improving data management & access in complex hybrid cloud environments for increased data availability & durability. This solution combines IBM's universal parallel file system technology with a data security solution for accessing data across data centers and hybrid cloud settings.
Market Taxonomy
By Business Function
• Finance
• Human resources (HR)
• IT
By Component
• Software
• Managed Services
• Professional Services
By End User
• Telecommunications
• IT
• Manufacturing
• Government
• Energy & Utilities
• Media & Entertainment
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Embedded Analytics Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Embedded Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Embedded Analytics Market, By Business Function
5.1 Y-o-Y Growth Comparison, By Business Function
5.2 Global Embedded Analytics Market Share Analysis, By Business Function
5.3 Global Embedded Analytics Market Size and Forecast, By Business Function
5.3.1 Finance
5.3.2 Human resources (HR)
5.3.3 IT
6 Global Embedded Analytics Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Embedded Analytics Market Share Analysis, By Component
6.3 Global Embedded Analytics Market Size and Forecast, By Component
6.3.1 Software
6.3.2 Managed Services
6.3.3 Professional Services
7 Global Embedded Analytics Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Embedded Analytics Market Share Analysis, By End User
7.3 Global Embedded Analytics Market Size and Forecast, By End User
7.3.1 Telecommunications
7.3.2 IT
7.3.3 Manufacturing
7.3.4 Government
7.3.5 Energy & Utilities
7.3.6 Media & Entertainment
7.3.7 Others
8 Global Embedded Analytics Market, By Region
8.1 Global Embedded Analytics Market Share Analysis, By Region
8.2 Global Embedded Analytics Market Share Analysis, By Region
8.3 Global Embedded Analytics Market Size and Forecast, By Region
9 North America Embedded Analytics Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Embedded Analytics Market Share Analysis, By Business Function
9.3 North America Embedded Analytics Market Share Analysis, By Component
9.4 North America Embedded Analytics Market Size and Forecast, By End User
9.5 North America Embedded Analytics Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Embedded Analytics Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Embedded Analytics Market Share Analysis, By Business Function
10.3 Europe Embedded Analytics Market Share Analysis, By Component
10.4 Europe Embedded Analytics Market Size and Forecast, By End User
10.5 Europe Embedded Analytics Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Embedded Analytics Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Embedded Analytics Market Share Analysis, By Business Function
11.3 Asia Pacific Embedded Analytics Market Share Analysis, By Component
11.4 Asia Pacific Embedded Analytics Market Size and Forecast, By End User
11.5 Asia Pacific Embedded Analytics Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Embedded Analytics Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Embedded Analytics Market Share Analysis, By Business Function
12.3 Latin America Embedded Analytics Market Share Analysis, By Component
12.4 Latin America Embedded Analytics Market Size and Forecast, By End User
12.5 Latin America Embedded Analytics Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Embedded Analytics Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Embedded Analytics Market Share Analysis, By Business Function
13.3 Middle East Embedded Analytics Market Share Analysis, By Component
13.4 Middle East Embedded Analytics Market Size and Forecast, By End User
13.5 Middle East Embedded Analytics Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Microsoft
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 SAS Institute Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 IBM
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Oracle
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 TIBCO Software Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 MICROSTRATEGY INCORPORATED
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 TABLEAU SOFTWARE, LLC.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 QlikTech International AB
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Open Text Corporation
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Bella Data Labs
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies