Data Analytics Software Market 2019
Market Overview
Data analytics is the procedure of analysing and assessing datasets in order to generate useful insights and conclusions about the information they contain, increasingly with the assistance of specialized Data Analytics Software solutions and analytical tools. Data analytics technologies and procedures are widely utilized across the commercial industry verticals, which enable companies to make efficient decisions on the basis of validated and accurate information. Data analytics is also utilized by the researcher and scientists to validate or discredit scientific theories, models, and hypotheses. Data analytics of principally involves a range of applications, from business intelligence and analytical processing to several other forms of advanced analytics.
The top players covered in this report
Alteryx
Apache Hadoop
Apache Spark
Birst
Domo
GoodData
Google Analytics
IBM
Looker
MATLAB
Minitab
Qlik Sense
RapidMiner
SAP Business Intelligence Platform
Sisense
Stata
Visitor Analytics
Yellowfin
Zoho Analytics
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Efficiently implemented data analytics software solutions can help organizations in increasing business revenues, improving overall operational efficiency, optimizing marketing strategies and customer service efforts, responding more promptly to emerging market trends. These tools basically enable the organizations to attain a competitive edge over the target rivals, with the ultimate objective of boosting business performance and productivity. Depending on the particular application, the data that is to be analyzed can comprise of either historical documents or modern information that is further processed for real-time analytics uses. This data can be obtained from internal systems and external data sources.
The growing availability of big data platforms and data analytics tools are enabling organizations to collect, store, manage and analyze data in search of critical and valuable business insights and evidence, which can further help organizations improve their products & service and offer an enhanced experience to clients. These advanced analytics tools are basically implemented to analyze collections of datasets, which can further help in developing prescriptive and predictive business models. Incorporating these models within the modernized business procedure and applications can enhance business productivity and brand value. Data analytics software tools are highly scalable and have advanced security features.
Market Segmentation
The global data analytics software market can be analyzed on the basis of product types, major applications, and regional markets.
Based on the mode of deployment, data analytics software can be classified into-
On-premise
Cloud-based
The major analytics software providers have started delivering their services and solutions over the cloud-based platform. Cloud-based solutions are highly cost-effective and offer a broad range of services and infrastructure. When using a cloud-based solution, clients have to pay only for those services that they have subscribed for. This has enabled small organisations to attain the benefits of advanced data analytics solutions.
Data analytics software can be effectively utilized by small, medium, and large-sized organizations. All the major data analytics software providers offer enhanced services, such as software installation, maintenance, and integration-related services.
Regional Overview
North America, Europe, Asia Pacific, Southeast Asia, and Central & South America are the major regions driving the global data analytics software market. North America is considered as the most prominent market for data analytics software. Factors, such as rising adoption of predictive analytics across major industry verticals, increasing demand for high-quality data analytics for business improvement, ongoing advancement in the big data & analytics technology, and the existence of the prominent market players are stimulating the growth of North American data analytics software market. Industries operating in the North American region are more inclined towards the cloud-based analytics solutions, which further drives the demand for the product. The Asia Pacific and Europe are expected to register considerable growth, owing to the technological improvements and advancements in the IT industry verticals.
Industry News
IBM Analytics, designed and developed by IBM, is an advanced data analytics tool, specialized to offer high-quality predictive analysis and evidence-based insights to support efficient decision-making for the business. This tool simplifies the collection, maintenance, and analysis of data, thereby allowing an optimized procurement and management. IBM analytics is highly valuable and gaining traction across major IT organisations.
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Table of Contents –Analysis of Key Points
1 Data Analytics Software Market Overview
2 Manufacturers Profiles
3 Global Data Analytics Software Market Competition, by Players
4 Global Data Analytics Software Market Size by Regions
5 North America Data Analytics Software Revenue by Countries
6 Europe Data Analytics Software Revenue by Countries
7 Asia-Pacific Data Analytics Software Revenue by Countries
8 South America Data Analytics Software Revenue by Countries
9 Middle East and Africa Revenue Data Analytics Software by Countries
10 Global Data Analytics Software Market Segment by Type
11 Global Data Analytics Software Market Segment by Application
12 Global Data Analytics Software Market Size Forecast (2019-2025)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continued…..
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