Data Analytics Market Research Report- Forecast till 2023

 Market Highlights

Data analytics is the process that involves analyzing, storing and collecting large data sets to discover trends and more useful information that can be used for relevant business decisions. In the recent times, companies have implemented big data analytics to increase the organization's sales, customer service, enhance logistics, improve efficiency, and risk management in the crisis caused due to COVID 19 pandemic. During this situation, most of the big companies are working from home, data analytics is being a vital aspect for the businesses to make its revenue amid lockdown worldwide. This scenario is making the market of data analytics more and more stable despite world pandemic caused by COVID 19.

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Regional Front

South America, North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Rest of the World are the major regions studied for the market’s growth.

Among these, the North America region, predominantly the US, is leading and is possible to sustain its leadership in the coming years with 80% of the investment from the major players existing in the region. North America led the data analytics market in 2018 and is likely to maintain its position over the assessment period. The main factors are encouraging market growth in this area with the rise in cloud services adoption in various industries and the adoption of advanced analytics solutions among SMEs.

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Global Data Analytics Market, By Type (Predictive, Prescriptive), Solution (Data Management, Data Visualization), Application (ERP, SCM), Industry (BFSI, IT & Telecom, Manufacturing), Deployment (Cloud, On-Premise), Organization Size – Forecast (2017-2023)

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