Data Analytics Market to surpass USD $372.9 B by 2030 from USD $27.48 B in 2020 at a CAGR of 29.90% in the coming years, i.e., 2021-30.
Data can be used by a variety of organizations to boost their marketing strategies, increase their bottom line, personalize their content, and better understand their customers. Data analytics is the science of analyzing raw data to extract meaningful insights. Many data analytics processes and techniques are automated into algorithms and mechanical processes to operate on raw data for better decision-making processes. Data analytics is a broad concept that includes many different forms of data analysis. It refers to the process of analyzing data sets to draw conclusions about the information it holds.
Data Analytics market to surpass USD $372.9 billion by 2031 from USD $27.48 billion in 2021 at a CAGR of 29.90% in the coming years, i.e., 2022-31. Key factors driving the global data analytics market are the widespread adoption of advanced technologies for business operations and the rising demand for data analytics for faster decision-making processes and cost reduction. The implementation of data analytics techniques improves the efficiency and productivity of business operations and strengthens the organizational workforce.
Data Analytics market is segmented by Solution into data management, fraud and security intelligence, data monitoring, and data mining. During the projected period, the data management segment is predicted to become the largest. Every business sector requires the process of obtaining, storing, verifying, safeguarding, and transforming raw data into reliable data.
Data Analytics market is segmented by organization size into Large Enterprises, small & medium enterprises. During the projected period, large businesses are expected to continue to grow. Large amounts of data created by diverse business sectors and customers, as well as rapid delivery of services and goods, will help data analytics expand in large businesses.
IBM Corporation (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Data Analytics market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Data Analytics market in North America held the largest market share in the year 2020. In the Data Analytics market, North America is expected to have the highest market size. The presence of key leaders in this region will great contribute to the growth of the market. The early adoption of advanced technologies like big data, IoT in various sectors including healthcare, education, media, and others will boost the growth of the market.
The Data Analytics Market size was estimated at USD xx in 2021 and is expected to reach USD xx by 2031
IBM Corporation (US) Microsoft (US) Oracle (US), SAP SE (Germany), Amazon Web Services, Inc. (US) Tableau Software, LLC. (US) SiSense Inc (US) Zoho Corporation Pvt. Ltd. (India) ThoughtSpot, Inc. (US) Mu Sigma (US) Looker Data Sciences, Inc. (US)
Data management segment is anticipated to hold the Data Analytics Market share
Data can be used by a variety of organizations to boost their marketing strategies, increase their bottom line, personalize their content, and better understand their customers. Data analytics is the science of analyzing raw data to extract meaningful insights.
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