Industry Background:
Data analytics is the process of extracting meaning and examining the raw data sets using scientific models, hypotheses, and theories. Data analytics include classification, association, prediction, and clustering of data. The data analytics technologies and techniques transform the raw data, organize data, and model the data to draw conclusions and identify different patterns.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | PwC (United Kingdom), TCS (India), Accenture (United States), Oracle Corporation (United States), IBM Corporation (United States), Baidu (China), Dell Inc. (United States), Tencent (United States), Alteryx, Inc. (United States), Amazon Web Services Inc. (United States), Microsoft Corporation (United States), SAP SE (Germany) and SAS Institute Inc. (United States) |
This growth is primarily driven by Increasing Demand for Dashboards for Data Visualization to Enhance the Ability in Taking Business Decisions.
Globally, a noticeable market trend is evident Cost-Effectiveness Offered By Data and Analytics Service Solution
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as PwC (United Kingdom), TCS (India), Accenture (United States), Oracle Corporation (United States), IBM Corporation (United States), Baidu (China), Dell Inc. (United States), Tencent (United States), Alteryx, Inc. (United States), Amazon Web Services Inc. (United States), Microsoft Corporation (United States), SAP SE (Germany) and SAS Institute Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In October 2022 , Capgemini had acquired Braincourt, a specialist in business intelligence and data science services. The acquisition will enhance Capgemini’s in demand data and analytics capabilities in Germany and Northern Europe.
In Novvember 2022, IBM has launched new software designed to help enterprises break down data and analytics silos so they can make data-driven decisions quickly and navigate unpredictable disruptions.
Influencing Trend:
Cost-Effectiveness Offered By Data and Analytics Service Solution and Enterprise Need to Adopt Advanced Analytical Capabilities With the Minimal Infrastructure
Market Growth Drivers:
Increasing Demand for Dashboards for Data Visualization to Enhance the Ability in Taking Business Decisions
Challenges:
Resiliency, Cloud Availability, and Information Lifecycle Management
Restraints:
Increasing Concerns Related to Data Privacy and Security
Opportunities:
Increasing Demand for Internet of Things Devices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Data and Analytics Service Market
- Analysis about New Entrants in Data and Analytics Service Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Data and Analytics Service Study Sheds Light on
The Data and Analytics Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Data and Analytics Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Data and Analytics Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.