Self-Service Analytics Market Scenario:
An effort to build the global Self-Service Analytics Market has been one of the primary actions led by Market Research Future. It reveals a detailed study on the market that portrays the estimated valuation of the market is to reach USD 10 billion by 2022. The market’s valuation will be staggering at a growth rate of 20% during the forecast period (2016-2024).
The study reveals how fast the market is expanding in an effort to persuade the product and its services across the globe. The factors attributing to the market’s expansion are related to helping in predicting future opportunities and risks for a business or organization. The risen data visualization to communicate insights of the industry has also become an essential platform for the market’s evolution over the years.
At the same time, in order to develop improved up-sell and cross-sell offers, self-service analytics has become a prominent business intelligence that is being used to perform queries and produce results in the form of reports with IT supports. Such Self-Service Analytics Market is observed as an easy to use business intelligence tool with a simple analytic ability that helps to comprehend the information easily.
These factors have also been considered as the essential factors thriving the market’s growth
On the other side, with the proper execution of self-service tools, it has become more comfortable for the business bodies as decision-makers to access the latest business and get benefitted from it. On top of it, the rising need for in-depth competitive insights along with expanding the volume of business data acts as the primary growth driver for the Self- Service Analytics market.
Self-Service Analytics Market Key Players:
The global self-service analytics market being is marked by the presence of key players such as Tableau Software (U.S), DrivenBI (U.S), Splunk (U.S), Vista equity partners (U.S), MicroStrategy (U.S), SAS Institute (U.S), SAP SE (Germany), Oracle Corporation (U.S.), IBM Corporation (U.S.), TIBCO Software (U.S.), Concur Technologies (U.S), Syncsort (U.S), Alteryx (U.S), Crimson Hexagon (U.S), and Microsoft Corporation (U.S.). The market is highly competitive where the key players are leveraging various strategies with mergers, acquisitions, and product launches to sustain the intense competition in the market and take towards a higher level of valuation.
Self-Service Analytics Market Segmentation:
As per MRFR’s study and analysis, the global Self-Service Analytics market is next segmented amongst software, service, company size, deployment, and industries.
· Concerning software tools: Tableau, SAS, Logi Analytics, Qlik, and others are the segments.
· With respect to Service: Business users, Consultants, Corporate IT Professionals are the segments.
· With respect to deployment: On-premises and on the cloud are the segments
· And, with respect to industries, the market includes- BFSI, healthcare and retail, IT& Telecommunication, and more.
Self-Service Analytics Market Regional Framework:
The geographical analysis of the global Self-Service Analytics market has been done among the key regions of North America, Europe, Asia, and the Rest of the World (ROW).
Among these regions, North America might continue to be the most substantial revenue-generating region for the self-service analytics market and vendors for the coming five years. The growth is directed towards a high focus on innovations that are obtained from research and development and technology.
The APAC region can register the highest CAGR and is to be the fastest-growing region in the self-service analytics market. The growth here is due to the mounting adoption of the Internet of Things (IoT) and smart technologies. The government’s various initiatives for its upcoming projects such as smart cities across countries such as China and India, are also supporting the growth of self-service analytics in the region. Apart from this, the Asia Pacific market for self-service analytics can also exhibit high growth in the estimated period due to the inclination of the latest technologies across various industry verticals.
Europe also is the third-largest market for the global Self-Service Analytics market. The growth is directed towards a high focus on innovations that are obtained from R&D.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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