IMARC Group, a leading market research company, has recently releases report titled, “Embedded Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global embedded analytics market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the embedded analytics market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 54.6 Billion |
| Market Forecast in 2028 | US$ 117.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 12.5% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is embedded analytics?
Embedded analytics refers to a digital workplace capability wherein data analysis occurs within a natural workflow of users. It offers visual workflows, static reports, dashboards, hoc querying, predictive analytics, mobile reporting, and benchmarking. It assists in enhancing decision-making, increasing productivity and sales, and improving business performance. It also aids in maintaining brand identity and data confidentiality and generating more revenues. Besides this, it helps customize actions based on the interaction of customers with dashboards and visualizations. As a result, embedded analytics is widely employed in the healthcare, media and entertainment, IT and telecommunication, e-commerce, defense, education, and banking, financial services, and insurance (BFSI) industries around the world.
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What are the growth prospects and trends in the embedded analytics industry?
At present, the increasing demand for embedded analytics as it assists in managing real-time data generation represents one of the primary factors contributing to the market growth. Besides this, the growing adoption of big data and the internet of things (IoT) among numerous organizations to achieve optimum performance is offering a positive market outlook. Apart from this, the rising demand for embedded analytics due to various benefits, such as cost-effectiveness and increased efficiency and productivity, is propelling the growth of the market. Moreover, the increasing demand for embedded analytics due to the rapid adoption of mobile devices and cloud computing is offering lucrative growth opportunities to industry investors. Furthermore, the rising utilization of embedded analytics by small and medium-sized enterprises (SMEs) is strengthening the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Solution:
- Software
- Services
Breakup by Analytics Tool:
- Dashboard and Data Visualization
- Self-service Tools
- Benchmarking
- Reporting
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Business Function:
- Finance
- Human Resources
- Marketing and Sales
- Production
- Others
Breakup by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Industry Vertical:
- BFSI
- IT and Telecommunication
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Manufacturing
- Government
- Energy and Utilities
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Infor (Koch Industries Inc.)
- International Business Machines Corporation
- Logi Analytics Inc. (Insightsoftware Inc.)
- Microsoft Corporation
- Open Text Corporation
- Oracle Corporation
- QlikTech International AB
- SAP SE
- Sisense Inc.
- Tableau Software LLC (Salesforce.com Inc)
- TIBCO Software Inc
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