Global Embedded Analytics Market Report 2024: Size, Drivers, And Top Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The embedded analytics market has witnessed substantial growth in recent years, driven by several key factors shaping its trajectory.
- From $62.46 billion in 2023 to $71.03 billion in 2024, the market is expanding at a CAGR of 13.7%.
- Integration of analytics into business applications, real-time data insights, and self-service business intelligence are among the primary drivers of growth.
Looking Ahead: Future Projections
The market is poised for accelerated growth, with forecasts indicating significant expansion in the coming years.
- Expected to reach $127.16 billion by 2028, with a projected CAGR of 15.7%.
- Expansion into IoT applications, demand for predictive and prescriptive analytics, and integration into cloud-based platforms are key growth drivers.
High Demand From Data-Driven Organizations Drives Embedded Analytics Market Growth
The surge in demand from data-driven organizations is a pivotal driver of market growth.
- Data-driven enterprises are projected to experience annual growth rates exceeding 30%.
- The emphasis on data for decision-making and customer insights underscores the critical role of embedded analytics.
Key Players and Market Landscape
Major companies are actively shaping the embedded analytics market landscape.
- Players include MicroStrategy Incorporated, TIBCO Software Inc., Oracle Corporation, and others.
- These companies offer a range of embedded analytics solutions tailored to diverse business needs.
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Technological Advancements Revolutionize The Market
Technological innovation is a prominent trend driving advancements in embedded analytics.
- Insightsoftware’s launch of Logi Symphony exemplifies cutting-edge advancements in embedded business intelligence.
- Seamless integration, flexible customization, and enhanced user experiences characterize the latest innovations in embedded analytics.
Strategic Acquisitions Enhance Market Capabilities
Strategic acquisitions play a pivotal role in expanding market capabilities and offerings.
- Insightsoftware’s acquisition of Logi Analytics underscores the company’s commitment to leading financial integration and operational reporting.
- Logi Analytics brings expertise in embedded analytics platforms, augmenting insightsoftware’s market position.
Market Segmentation and Regional Dynamics
Understanding market segments and regional trends is essential for navigating the embedded analytics landscape.
- Segments include solution types, deployment modes, organization sizes, applications, and end-user verticals.
- North America dominated the market in 2023, while Asia-Pacific emerges as the fastest-growing region.
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The Embedded Analytics Global Market Report 2024 provides comprehensive insights on the embedded analytics market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the embedded analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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