Business Analytics Market Growth, Demand and Challenges of the Key Industry Players 2028

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Global Business Analytics Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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industry analysis for biotechnology, advanced
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Report Description and Highlights
Report Description
Global Business Analytics Market Research
Report The latest report by IMARC, titled
Business Analytics Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028 " the global business
analytics market size reached US 82.8 Billion in
2022. Business analytics (BA) is a subset of
business intelligence (BI) that is used for
sorting, collating, processing and studying
business data through statistical and operational
analysis. It utilizes statistical models and
iterative methodologies for transforming data
into business insights. Some of the prominent
components of BA include data aggregation, data
mining, text mining, forecasting, predictive
analytics, data visualization and optimization.
BA is essential for analyzing underlying
patterns and micro-segmenting the data while
offering a competitive edge to the enterprises by
facilitating data-driven decisions making. These
tools are also widely used by numerous
organizations to recognize business patterns,
optimize prices according to the current trends,
understand consumer needs and maximize ideal
outcomes. Request Free Sample Report
https//www.imarcgroup.com/business-analytics-mark
et/requestsample
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Report Description and Highlights
Report Description

Global Business Analytics Market Trends The
market is primarily driven by the rising adoption
of big data by numerous organizations across the
globe. There has been a substantial increase in
the amount of digital data generation from
various business processes, systems and
platforms. Along with this, the growing usage of
social media platforms has also increased the
generation of unstructured data for promotional
purposes. Consequently, BA tools are widely
employed to analyze the data to get a better
understanding of the operations and requirements
of the customers. Moreover, the emergence of the
Internet of Things (IoT)-enabled technologies and
the growing adoption of cloud computing by
multiple enterprises are providing a thrust to
the market growth. There has been an escalating
demand for predictive analytics across various
end use industries, which is acting as a major
growth-inducing factor. It is essential for
predicting market trends for a vast array of
products and services, which ultimately aids in
improving the overall performance of businesses.
Some of the other factors contributing to the
market growth include technological advancements
in the BI market, growing utilization of BA in
finance-based security agencies to prevent
fraudulent activities, increasing preference for
cloud-enabled BA tools and significant growth in
the e-commerce sector. On account of these
factors, the market is expected to grow at a CAGR
of 8 during 2023-2028. Looking forward, the
market value is projected to reach a strong
growth during the forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Software Q
uery, Reporting and Analysis Tools
Advanced and Predictive Analytics
Location Intelligence
Content Analytics Data Warehou
sing Platform Others Breakup by Deploym
ent Type Cloud-based On-Premi
ses Breakup by End-User Large Enterpri
ses Small and Medium Size Enterprises B
reakup by Vertical

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Report Description and Highlights
Report Description
BFSI Energy and Power
Manufacturing Healthcare Gov
ernment Education Media and En
tertainment Telecom and IT Oth
ers Breakup by Region North America
United States Ca
nada Asia Pacific Chin
a Japan India
South Korea Au
stralia

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Report Description and Highlights
Report Description
Indonesia Othe
rs Europe Germany
France United King
dom Italy Spai
n Russia Other
s Latin America Brazil
Mexico
Others Middle East and Africa

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Adobe Systems Incorporated
• International Business Machines (IBM) Corporation
  Microsoft Corporation Microstrategy
  Incorporated Oracle Corporation Salesforce.com Inc
  . SAP SE SAS Institute Inc. Tableau Software Tibco
  Software Inc.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/business-analytics-mark
  et

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
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