Software Analytics Industry 2020-2023: Industry analysis and forecast

Global Software Analytics Industry, By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise), By Vertical (IT & Telecommunication, Healthcare, BFSI, Retail) - Forecast 2023


Market Scenario:

International Business Machine is one of the prominent market player in Software Analytics Industry. IBM has designed an analytics software that provides a complete solution over data and analytics. It offers analytics solution that create opportunities in all types of data from numerous sources, within and outside the organization. SAP SE a major player in Software Analytics Industry offers a wide range of solutions in analytics. It provides business intelligence, predictive analytics and enterprise performance management solutions.


The regional analysis of Software Analytics Industry is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. North America region account for highest market share in Software Analytics Industry owing to presence of major players in the region and adoption of software analytics solution by small and big enterprises. Countries such as US and Canada contributes large amount of revenue in the Software Analytics Industry in the region. Asia‐Pacific region is expected to be growing at the highest CAGR. Enterprises in the region are investing huge in software analytical tools to improve business efficiency and productivity and growing software companies in the region is boosting the market in the region.

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The key drivers of Software Analytics Industry includes rising competition between businesses and growing demand for improved software analytics is fueling the Software Analytics Industry growth.  According to the study, by vertical segment BFSI sector is expected to account for highest market share in Software Analytics Industry. By organization size segment, small and medium enterprises accounts for largest market share. Increasing competition creates opportunity for businesses to collect efficient data of related to software development is one of the prime factor boosting Software Analytics Industry.


Software analytics can be defined as a branch of data analytics. Software analytics is designed to perform specific type of analytics related to software systems. This software monitor, predict and improve the performance and effectiveness of software development.


The Software Analytics Industry is segmented on the basis of solution, service, deployment, organization size and vertical. It includes data management, analytical tools, dashboard and reporting. Software analytics tools enable organization to gain competitive advantage, as it provides better understanding of the software systems, enhance companies product and business, provide deep insight of software buying behavior and facilitates market innovation.


The Software Analytics Industry is expected to grow at approximately USD 11.5 Billion by 2023, at 10% of CAGR between 2018 and 2023.

Key Players:

The prominent players in the Software Analytics Industry are – SAP SE (Germany), SAS Institute (U.S.), International Business Machine (U.S.), Oracle Corporation (U.S.), Tableau Software (U.S.), Microsoft Corporation, Qlik (U.S.), Teradata Corporation (U.S.), Microstrategy, Inc. (U.S.), Informatica (U.S.) and others.      


Segments:

Software Analytics Industry for segment on the basis of service, deployment, organization size and vertical.

Software Analytics Industry by Service:

  • Professional Service
  • Support And Maintenance Services     

Software Analytics Industry by Deployment:

  • Cloud
  • On-Premise

Software Analytics Industry by Organization Size:

  • Small & Medium Enterprises
  • Large Enterprises

Software Analytic Market by Vertical:

  • Government & Defense
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Retail
  • Manufacturing
  • Travel & Hospitality
  • Transportation & Logistics
  • Media & Entertainment
  • Others

Market Research Analysis:

The Software Analytics Industry in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations. According to the study, the Software Analytics Industry will show rapid growth in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of Software Analytics Industry and growing analytics trends to attract more users is driving Software Analytics Industry in the region. Increasing population, and growing IT landscape is boosting the market in the region. The region is witnessing high adoption of software analytics tools by enterprises. Developing countries such as India and China are adopting software analytics tools at large scale owing to high amount of data generation from numerous industries and the need to designed software to store those data and for efficient management of business is one of the prime factor that is boosting the market in the region. By vertical segment, BFSI and retail sector is driving the Software Analytics Industry. The region is witnessing high growth in Software Analytics Industry due to growing technological advancement in cloud, analytics and business intelligence.


Intended Audience

  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • IT Solution Providers

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LIST OF TABLES

TABLE 1 SOFTWARE ANALYTICS INDUSTRY, BY SERVICE

TABLE 2 SOFTWARE ANALYTICS INDUSTRY, BY DEPLOYMENT

TABLE 3 SOFTWARE ANALYTICS INDUSTRY, BY ORGANIZATION SIZE

TABLE 4 SOFTWARE ANALYTICS INDUSTRY, BY VERTICAL

TABLE 5 SOFTWARE ANALYTICS INDUSTRY, BY REGION

Continued…….

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 SOFTWARE ANALYTICS INDUSTRY: BY SERVICE (%)

FIGURE 3 SOFTWARE ANALYTICS INDUSTRY: BY DEPLOYMENT (%)

FIGURE 4 SOFTWARE ANALYTICS INDUSTRY: BY ORGANIZATION SIZE (%)

FIGURE 5 SOFTWARE ANALYTICS INDUSTRY: BY VERTICAL (%)

Continued…….

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