Embedded Analytics Market Report, published by Allied Market Research, forecasts that the global market was valued at $25,133 million in 2016, and is projected to reach $60,281million by 2023, growing at a CAGR of 13.6% from 2017 to 2023. The cloud-based deployment segment is anticipated to grow at the highest growth rate during the forecast period.

The report features a competitive scenario of the global embedded analytics industry and provides comprehensive analysis of key growth strategies adopted by the major players.

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The sales & marketing business segment contributed the highest share in 2016. The segment accounted for $8,995 million in 2016, and is projected to grow at the CAGR of 13.1% during the forecast period. However, the embedded analytics market for operations is projected to grow at the highest rate of 14.2% during the forecast period. The BFSI segment accounted for the highest share of revenue in 2016, while the healthcare segment is anticipated to grow at the highest rate of 14.4%.

Key Findings of the Embedded Analytics Market:

► The cloud-based deployment segment accounted for the highest share of the global embedded analytics industry in 2016, growing at a CAGR of 14.2% from 2017 to 2023.

► The BFSI embedded analytics market generated the highest share of revenue in 2016, and is projected to grow at a rate of 13.8%.

► North America embedded analytics market generated the highest share, valued at $14,184 million, in terms of revenue in 2016.

► Embedded analytics market for operations is expected to witness the highest growth rate during the forecast period in the business application segment.

The sales & marketing business segment contributed the highest share in 2016. The segment accounted for $8,995 million in 2016, and is projected to grow at the CAGR of 13.1% during the forecast period. However, the embedded analytics market for operations is projected to grow at the highest rate of 14.2% during the forecast period. The BFSI segment accounted for the highest share of revenue in 2016, while the healthcare segment is anticipated to grow at the highest rate of 14.4%.

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Emergence of big data and IoT among organizations, increase in reliability on mobile devices and cloud technology, and surge in need to integrate data analytics with the business applications to achieve optimum performance are the major factors that drive the global embedded analytics industry. In addition, growth in adoption of bring your own devices (BYOD), and increased demand for real-time visualization tools in business applications boost the growth of the global embedded analytics market.

Key Market Players:

► TIBCO (THE INFORMATION BUS COMPANY) SOFTWARE INC.

► MICROSTRATEGY INC.

► LOGI ANALYTICS

► OPENTEXT CORPORATION

► QLIK TECHNOLOGIES

► MICROSOFT CORPORATION

► SAP SE

► INFORMATION BUILDERS

► INTERNATIONAL BUSINESS MACHINES CORPORATION

► BIRST, INC.

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