The global business analytics market is anticipated to grow at a CAGR of 10.1% during the forecast period. Business analytics tool includes a variety of application software that captures quantitative and qualitative data to enable smarter decision-making. Most companies leverage business analytics software to know a holistic overview of key insights of their companies which aids to improve efficiency, productivity, and profitability. Thus, the increasing adoption of business analytics software is accelerating market growth.
Browse the full report description of “Business Analytics Market Size, Share & Trends Analysis Report by Component (Software and Services), by Deployment (Cloud-Based and On-Premises), by Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Risk & Credit Analytics, and Others), and by End-Users (BFSI, Government, Retail, Healthcare, Media & Entertainment, IT & Telecom, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/business-analytics-market
Furthermore, the growing requirement for customer analytics coupled with increasing big data trends due to changing customer demand and changing business environment is pushing business analytics players to come up with an innovation that is supporting the market growth during the forecast period. For instance, in November 2021, Oracle announced a new cloud analytics solution that gives insights to supply chain & manufacturing customers such as the need to detect, understand, and resolve issues faster throughout the supply chain. Oracle business cloud analytics delivers pre-built metrics and dashboards that are ready to use from day one and leverages machine learning to help businesses and supply chain leaders control costs, reduce risks, ensure customer satisfaction, and drive revenue.
In December 2020, Oracle extended the availability of a cloud-based MySQL database service with a new analytics engine that can perform transaction processing and business analysis tasks within the same database system. The software offers a high-performance, lower-cost alternative to competing systems such as the AWS RDS database and Redshift cloud data warehouse, Google Cloud SQL, and Microsoft Azure SQL Database. The MySQL database is widely used for online transaction processing (OLTP) applications, managing data generated by retail, financial, and other operational applications. Thus, the launch of new offerings in the business analytics market is further propelling the market growth during the forecast period.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Deployment
o By Application
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Adobe Inc., Domo, Inc., Google LLC, IBM Corp., Infor, MicroStrategy Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Business Analytics Market Report Segment
By Component
By Deployment
By Application
By End-Users
Global Business Analytics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/business-analytics-market