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(IT-NEWSWIRE.COM, July 06, 2017 ) The embedded analytics market is estimated to grow from USD 24.46 Billion in 2016 to USD 46.19 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. Embedded analytics tools and their applications are gaining traction among the corporates due to the advent of big data and Internet of Things (IoT), increasing dependence on mobile & cloud technologies, and increasing demand for infused analytics in business applications, Hence, the adoption of embedded analytics solutions and services in various industries is increasing, which is one of the major growth factors of the market.
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The report provides detailed insights into the global embedded analytics market, which is segmented on the basis of analytical tools, business applications, deployment models, verticals, and regions. In analytical tools, the dashboard and data visualization segment holds a higher market share and is gaining significant importance among corporates, as enterprises are integrating the tools within the business applications to improve the working capability and insights generation of their existing software. The tools provide a comprehensive support and specialty that makes it easier for enterprises to comprehend business scenario and facilitate in taking quicker and faster decisions.
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In terms of business applications, finance is expected to dominate the embedded analytics market and is expected to contribute the largest market share, whereas human resource is expected to grow at the highest rate during the forecast period. The on-premises deployment model has been adopted more as compared to the private and public cloud. The on-premises deployment model provides confidentiality and privacy to the organizational data; hence, most of the organizations are adopting the on-premises deployment model. The Banking, Financial Services, and Insurance (BFSI) industry has been estimated to have the highest market share among all the verticals as the industry is harnessing the power of embedded analytics to enhance customer experience, investment parameters, and Return on Investment (RoI). The manufacturing industry is poised to grow at the highest rate during the forecast period owing to improved process efficiency, centralized production monitoring, and improved ability to serve the clients better by getting real-time access to shop floor data to improve performance metrics.
The report covers all the major aspects of the embedded analytics market and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2021. This is due to the massive growth of data through various channels such as social media, mobile computing, and IoT in this region.
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Source: EmailWire.Com 
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