Data Analytics Market & Industry Forecast Research Report, 2020-2027

Data Analytics Market & Industry Forecast Research Report, 2020-2027

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Data Analytics Market
The data analytics market is projected to witness a growth rate of 28.5% over the forecast period. The increasing adoption of big data analytics software by several organizations and faster decision making will bolster the data analytics market growth.

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Data Analytics Market Dynamics
Data analytical method helps in analysing and correcting the errors in data sets with the help of data filtration tools, which improve the data quality to benefit customer and organizations, such as banks, insurance companies, and financial institutions. The rising data volume and complications because of the accelerating mobile data traffic, increasing adoption of technologies, such as AI, IoT, and cloud-computing traffic will bolster the market growth. The execution of data analytical techniques in business helps improve the efficiency, productivity, and boost the organizational workforce. Thus, as per the Data Analytics Market research, all these features will augment the market growth. Further, the surging adoption of advanced technologies to conduct business operations and the growing need of data analytics for quick decision- making and decreasing cost will strengthen the data analytics market size. The coronavirus crisis has raised the adoption of data analytics solutions and services. Researchers have developed predictive analytic models to supervise coronavirus crisis across several nations.

Application Segment Drivers
On the basis of application, the data analytics market is bifurcated into supply chain management, human resource management, enterprise resource planning, and database management. The enterprise resource planning segment is projected to hold a larger share over the forecast period. Data analytics plays an important role in structuring enterprise resource planning data. It becomes essential for producers across various industry verticals to enforce predictive analytics on large enterprise resource planning data to raise revenues, earn profits, acquire competitive advantage, and optimize costs.

Market Segmentation
Global Data Analytics Market by Type
·         Predictive Analytics

·         Prescriptive Analytics

·         Descriptive Analytics

·         Customer Analytics

Global Data Analytics Market by Solution
·         Data Management

·         Data Mining

·         Fraud & Security Intelligence

·         Data Monitoring

Global Data Analytics Market by Application
·         Enterprise Resource Planning

·         Supply Chain management

·         Human Resource Management

·         Database Management

·         Others

Global Data Analytics Market by Vertical
·         BFSI

·         IT & Telecommunication

·         Manufacturing

o   Process Manufacturing

o   Discrete Manufacturing

·         Retail & Ecommerce

·         Energy & Power

·         Healthcare

·         Transport & Logistics

·         Media & Entertainment

·         Others

Global Data Analytics Market by Deployment
·         Cloud

·         On premises

Global Data Analytics Market by Organization Size
·         Small & Medium Enterprises

·         Large Enterprises

Global Data Analytics Market by Function
·         Marketing Analytics

·         Sales Analytics

·         Operational analytics

·         Accounting and Finance analytics

·         HR Analytics

Global Data Analytics Market by Region:
·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         RoW

o   UAE

o   Brazil

o   South Africa

o   Saudi Arabia

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

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