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Market Overview of Global Embedded Analytics market:
According to our latest research, the global Embedded Analytics market looks promising in the next 5 years. As of 2022, the global Embedded Analytics market was estimated at USD 37883.76 million, and it's anticipated to reach USD 86600.42 million in 2028, with a CAGR of 14.77% during the forecast years.
Embedded analytics is the integration of analytic content and capabilities within applications, such as business process applications (e.g., CRM, ERP, EHR/EMR) or portals (e.g., intranets or extranets).
The goal is to help users work more intelligently by integrating and analyzing relevant data. Users can directly use these data analysis functions in daily business systems to solve high-value business problems and improve work efficiency.
Technical Progress
AI-based embedded analytics evolves workflows from previously isolated business processes to ones that blend outcomes and insights across departments, which can now collaborate with ease. The best vendors of embedded apps provide full API and SDK resources, and by definition, every library, function, call, webhook, and microservice can be interfaced with the user app as needed to provide absolute customized outcomes via all the most popular languages, and especially Python, Go Rust, and C++. Technological advancements have emerged as the key trends gaining popularity in the embedded analytics market.
Manufacturing Industry Demand Growth
Embedded analytics can be used to revolutionize innovation, improve supply chain management and efficiency, precisely target marketing and sales activities, and build and manage profitable after-sales services by leveraging the value hidden within data. Embedded analysis helps manufacturing enterprises improve operational efficiency, and supply chain management, reduce downtime, and increase productivity while reducing product development time and speeding up the time to market. Help enterprises make better strategic planning, and improve business performance and competitive advantage.
Data security issues
Many enterprises and companies rely on massive data as samples to build a large number of technical analysis models. At the same time, it will increase security risks, especially when the data involved contains sensitive information. The external security environment is becoming more and more severe, and enterprises also put forward higher security requirements for purchasing related information systems (OA, ERP, CRM, etc.).
Region Overview:
In 2022, the share of the Embedded Analytics market in North America stood at 39.19%.
Company Overview:
Oracle, IBM Corporation, SAS Institute were the top 3 players in the market in 2022, taking up a market share of 21.02% together.
Oracle
Oracle is a large global enterprise technology software company. The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing.
IBM Corporation
IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. Its Global Technology Services segment provides information technology (IT) infrastructure and platform services. The Systems segment provides infrastructure platforms to help meet the requirements of multi-cloud and enterprise AI workloads.
Jul 6, 2022, IBM Capture Growing Market Opportunity for Data Observability with Databand.ai Acquisition
SAS Institute
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Jan 07, 2021, SAS acquires Boemska to accelerate AI integration into cloud marketplace and third-party applications
Segmentation Overview:
Among different product types, Marketing and Sales segment is anticipated to contribute the largest market share in 2028.
Information Technology
The commercial use of IT encompasses both computer technology and telecommunications. An embedded analytics solution for IT operations provides information and analytics that allows users to work more efficiently.
Marketing and Sales
Tracking the sales performance of their business is one of a sales manager's daily tasks. They can identify strategies that are working well and areas they need to invest in, drawing strategic plans to prevent risk and increase revenue. With embedded analytics, sales representatives can speed up this process by leveraging a sales activity tracker in their daily software.
Finance
Embedded finance analytics is the term that describes the merging of non-financial service providers with financial services. For example, merging a retail company with a payment processing service. This is done through a simple application or web integration.
Production
Manufacturing analytics is the process of using data and data technologies to optimize supply chain and processes, increase performance, ensure high quality and reduce costs. Data analytics offers manufacturers the ability to gather, store, process and utilize data in their daily operations by drawing key insights about improvement and optimization opportunities.
Human Resources
Embedded analysis for Human Resources helps Human Resources professionals to manage their operations more effectively, enhance recruitment practices and improve data visualization.
Application Overview:
By application, the Independent Software Vendor (ISV) segment occupied the biggest share from 2018 to 2022.
Independent Software Vendor
An Independent Software Vendor (ISV) is a business or an individual that builds, develops and sells consumer or enterprise software that is consumed by end users. In other words, an Independent Software Vendor is a company whose main function is to distribute its software.
Information Providers
An Individual or Organization that provides collected information. An Information Provider possesses sets of information (that it has generated, collected, produced, bought or otherwise acquired) and is willing to supply that information (data or referential metadata) to the statistical office.
IoT Sectors
The Internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the internet, all collecting and sharing data. Thanks to the arrival of super-cheap computer chips and the ubiquity of wireless networks, it's possible to turn anything, from something as small as a pill to something as big as an airplane, into a part of the IoT. Connecting up all these different objects and adding sensors to them adds a level of digital intelligence to devices, enabling them to communicate real-time data without involving a human being.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Embedded Analytics market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Embedded Analytics Market Report:
Market Size Estimates: Embedded Analytics market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Embedded Analytics market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Embedded Analytics market
Segment Market Analysis: Embedded Analytics market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Embedded Analytics market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Embedded Analytics Market: Revenue and sales volume of major countries in each region
Embedded Analytics Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Embedded Analytics market in major regions.
Embedded Analytics Industry Value Chain: Embedded Analytics market raw materials & suppliers, manufacturing process, distributors, downstream customers
Embedded Analytics Industry News, Policies & Regulations
Key players in the global Embedded Analytics market are covered in Chapter 12:
Opentext Corporation
Tibco Software
Sisense
Logi Analytics
Looker
SAP SE
SAS Institute
Zoho Analytics
Amazon QuickSight
BIRSt (Infor)
IBM Corporation
Yellowfin International
Oracle
Microsoft
Microstrategy Incorporated
Tableau Software Inc.
Qlik
Domo Everywhere
GoodData
In Chapter 2 and Chapter 15.1, based on types, the Embedded Analytics market from 2018 to 2028 is primarily split into:
Information Technology
Marketing and Sales
Finance
Production
Human Resources
Others
In Chapter 3 and Chapter 15.2, based on applications, the Embedded Analytics market from 2018 to 2028 covers:
Independent Software Vendor (ISV)
Information Providers
IoT Sectors
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Embedded Analytics market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028