Global Business Analytics Software Market Expected to Reach $ 86,451 Million by 2023 - Allied Market Research

PORTLAND, Oregon and PUNE, India, December 7, 2017 /PRNewswire/ --

According to a recent report published by Allied Market Research, titled, "Business Analytics Software Market by Deployment Model, End User, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global business analytics software market was valued at $45,043 million in 2016, and is projected to reach at $86,451 million by 2023, growing at a CAGR of 9.7% from 2017 to 2023. In 2016, the cloud segment accounted for the highest revenue share in the business analytics software market.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )

Rise in demand for business analytics software and increase in consumer awareness about the benefits of business analytics software such as easy access to vital business metrics, useful insight on customer behavior, increased revenue, improved efficiency, and others drive the growth of the market. However, factors such as high implementation cost and shortage of skilled workforce hamper the business analytics software market growth to a certain extent.

Do Enquiry for Sample Report@ https://www.alliedmarketresearch.com/request-sample/3216

Others industry vertical segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to surge in adoption of the software by numerous industries. Furthermore, retail is expected to grow at the highest CAGR during the forecast period.

The global business analytics software market was led by the customer analytics segment in 2016, and the segment is projected to maintain its dominance during the forecast period. However, the others segment is expected to witness the highest growth, owing to increase in adoption of business analytics software by many small- & medium-sized businesses for different applications.

In 2016, the global market was dominated by the cloud segment, and is expected to continue this trend during the forecast period. However, the segment is also expected to witness the highest growth, owing to increase in deployment of cloud-based software by multiple organizations.

Do Enquiry before purchasing Report@ https://www.alliedmarketresearch.com/purchase-enquiry/3216

KEY FINDINGS OF THE STUDY 

  • The others segment is expected to exhibit significant increase in the global business analytics software market during the forecast period.
  • In 2016, the North America region accounted for the highest revenue among the other regions.
  • Customer analytics segment generated the highest revenue in 2016.
  • Cloud segment is anticipated to exhibit substantial growth during the forecast period.

Some of the key players operating in the business analytics software market that are profiled in the report include Oracle Corporation, SAS Institute Inc., SAP SE, International Business Machines (IBM) Corporation, Microsoft Corporation, Adobe Systems Incorporated, Tableau Software., Salesforce.com, Inc., QlikTech International AB, and Fair Isaac Corporation.

Ask for discount before buying@ https://www.alliedmarketresearch.com/get-discount/3216

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Dhananjay Potle
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free : +1-800-792-5285
UK : + 44-845-528-1300
Hong Kong : +852-301-84916
India (Pune) : +91-20-66346060
Fax : +1⟨855⟩550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research



Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.

 

Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.

 

 
 

Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000

 

 
 

Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000

 

 
  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire