NEW YORK, April 11, 2022 /PRNewswire/ -- The data analytics market potential growth difference will be USD 196.47 billion from 2021 to 2026, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 13.54% during the forecast period. The extensive use of modern technology in company operations is notably driving the data analytics market growth, although factors such as the integration of data from different sources may impede market growth.
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Data Analytics Market Segmentation Highlights
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Data Analytics Market Vendor Landscape
The data analytics market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Some of the Key Vendors and their Offerings are:
Amazon Web Services Inc.: The company offers Analytics on AWS which offers machine learning integration, unified data access, security, governance and others.
International Business Machines Corp.:The company offers IBM Cloud Pak for data, IBM Watson studio and IBM Watson assistant under Analytics which provides a trusted data foundation for AI, Reduce regulatory and reputational risk, integrates AI into workflows and others.
Microsoft Corp.: The company offers Microsoft Power BI which has advanced AI capabilities, apply for additional data protection, and more easily share insights across organization.
Mu Sigma Inc.: The company offers Art of Problem Solving System under data analytics solution which offers outcomes, behaviors, insights, interdependency analysis and others.
Oracle Corp.: The company offers Oracle analytics which is a complete platform with ready-to-use services for a wide variety of workloads and data.
SAP SE: The company offers SAP data and analytics which incorporates direct connectivity to SAP and third-party data sources with unmatched knowledge of business processes and semantics.
Sisense Inc.: The company offersSisense Fusion Analytics under data and analytics which is business intelligence software and empower everyone across your organization by infusing intelligence into workflows and processes that accelerate business growth.
Tableau Software LLC: The company offers Tableau for IT which delivers value with trusted analytics and empower organizational agility.
ThoughtSpot Inc. : The company offers ThoughtSpot under cloud platform which empowers customer to create, consume, and operationalize data-driven insights.
Zoho Corp. Pvt. Ltd.: The company offers Zoho Analytics under analytics platform which is a self-service data analytics software that allows customers to create insightful dashboards and data visualizations.
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Data Analytics Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our data analytics market report covers the following areas:
Data Analytics Market Takeaways
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist data analytics market growth during the next five years
Estimation of the data analytics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the data analytics market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of data analytics market vendors
Data Analytics Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 13.54%
Market growth 2022-2026
$ 196.47 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
APAC at 32%
Key consumer countries
US, China, UK, Germany, and India
Leading companies, competitive strategies, consumer engagement scope
Amazon Web Services Inc., International Business Machines Corp., Microsoft Corp., Mu Sigma Inc., Oracle Corp., SAP SE, Sisense Inc., Tableau Software LLC, ThoughtSpot Inc. , and Zoho Corp. Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Component
Comparison by Component
Services - Market size and forecast 2021-2026
Software - Market size and forecast 2021-2026
Hardware - Market size and forecast 2021-2026
Market opportunity by Component
North America - Market size and forecast 2021-2026
Europe - Market size and forecast 2021-2026
APAC - Market size and forecast 2021-2026
MEA - Market size and forecast 2021-2026
South America - Market size and forecast 2021-2026
Key leading countries
Market opportunity by geography
Market positioning of vendors
Amazon Web Services Inc.
International Business Machines Corp.
Mu Sigma Inc.
Tableau Software LLC
Zoho Corp. Pvt. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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