Press release
Embedded Analytics Market Sees Promising Growth during 2017 - 2025
Business application providers/independent software providers are considering embedded analytics is a new revenue stream for their software solution, as these providers are approaching new customers and sustaining their present customer base by offering innovative solution like embedded analytics. Presently, BI Tools and analytics capabilities are integrated in most of the business applications such as ERP, CRM, marketing automation and financial systems. This new approach create huge market opportunity across different industries including Healthcare, BFSI, Education, Utilities, Retail and Technology having huge demand for embedded analytics.
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Increasing demand for real-time visualization tools in business application, proliferation of big data and IoT services and increasing usage of mobile devices and cloud computing technologies drive the embedded analytics market. Most of the enterprises are inclined towards real-time visualization tools which help them to analyze the customer need and satisfaction level. Proliferation of big data and IoT solution increase the demand for Embedded Analytics to provide actionable insights across big data and IOT solutions. Mobile devices and cloud technologies plays an important role to extract real-time data from anywhere and anytime for efficient usage of advanced business applications.
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The major challenges for Embedded Analytics market are the analytics integration with business application does not suitable for all industry vertical and Lack of analytical skills among workforce create major problem for the embedded analytics installations. These challenges hinders the Embedded Analytics market growth.
Some of the key market players in Embedded Analytics market are Microsoft Corporation, International Business Machines Corporation, SAP SE, Logi Analytics, Inc., SAS Institute Inc., Opentext Corporation, Microstrategy, Inc., Information Builders, and Tibco Software, Inc.
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