Technology
32% of Growth to Originate from APAC for Data Analytics Market|Evolving Opportunities with Amazon Web Services Inc., International Business Machines Corp. & Microsoft Corp. |17000+ Technavio Reports

32% of Growth to Originate from APAC for Data Analytics Market|Evolving Opportunities with Amazon Web Services Inc., International Business Machines Corp. & Microsoft Corp. |17000+ Technavio Reports


NEW YORK, Dec. 24, 2021 /PRNewswire/ — 32% of the growth will originate from APAC  for the data analytics market. China and India are the key markets for data analytics in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The data analytics market size is expected to increase by USD 196.47 billion from 2021 to 2026, registering a CAGR of 13.54%, according to the latest research report from Technavio.

 For more insights on the data analytics market – Download Our Free Sample Report 

The data analytics market covers the following areas:

The report on the data analytics market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report identifies the extensive use of modern technology in company operations as one of the major factors driving the growth of the market. However, factors such as the integration of data from different sources may impede the market growth. The holistic analysis of the drivers  & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

The Data Analytics Market is segmented by Component (services, software, and hardware) and Geography (North America, Europe, APAC, MEA, and South America). The data analytics market share growth by the services segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the data analytics market size and actionable market insights on each segment.

 Few Companies Mentioned with Key Offerings

The data analytics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

  • 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, integrate 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 the organization.
  • Mu Sigma Inc. – The company offers an 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. Offering valuable, actionable insights from all types of data in the cloud, on-premises, or in a hybrid deployment-Oracle Analytics empowers business users, data engineers, and data scientists to access and process relevant data, evaluate predictions, and make quick, accurate decisions.

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. The data analytics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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Related Reports:

Edge Analytics Market –The edge analytics market share is expected to increase by USD 6.51 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 17.41%. Download a free sample now!

Geospatial Data Analytics Market –The geospatial data analytics market has the potential to grow by USD 59.40 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.27%. Download a free sample now!

Data Analytics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.54%

Market growth 2022-2026

USD 196.47 billion

Market structure

Fragmented

YoY growth (%)

8.05

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 32%

Key consumer countries

US, China, UK, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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SOURCE Technavio



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