Market Drivers & Trends
The global performance analytics market is going through a golden period where it is anticipated to expand at a CAGR of 20%, during the forecast period 2016-2022, reveals Market Research Future study.
The performance analytics market is also probable to score a valuation of USD 4 billion by the end of progression period, as per the survey. The growth of the market is accredited to the rapid increase in performance analytics market.
Effective running of the entire industry depends on mostly semiconductor industry, which is witnessing substantial growth in the current generation. The growth of performance analytics is backed by its benefits, such as quality assurance and strategizing objectives. These factors are forcing the market to expand considerably in recent time.
Other reasons contributing to the market’s growth are accounted to the growth of performance analytics market, which is boosting the need to meet deadlines, surging demand for improvement od resources, rise in the overall quality and to generate insights from the surged volume of data.
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On the flip side, factors such as security issues, privacy, and error-prone databases are some of the main factors that are hindering the growth of the market during its progression period. On the contrary, various analytical solution is being used in the present time, such as web analytics, data analytics and more to balance the growth level of the market during the assessment period.
The well-known players in the global performance analytics market are listed as Oracle Corporation (U.S.), Adaptive Insights (U.S.), Xactly Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), Optymyze (U.S.), Callidus Software, Inc. (U.S.), IBM Corporation (U.S.), Service Now, Inc (U.S.), Siemens AG (Germany), and to name a few.
Market Research Future has categorized the market of performance analytics into component, application, deployment, and end-users.
In terms of component: Software and service are the segments that are contributing to the market’s growth during its growth period.
In terms of application: Sales Analytics, Marketing Analytics, Supply chain Analytics, Financial Analytics, Employee Analytics, IT Analytics are the segments contributing to the market’s growth.
In terms of deployment: On-premises and software as a Service are the segments.
In terms of end-users: BFSI, IT & Telecommunications, Retail, Healthcare, Government, Transportation, Energy & Utilities, and more are the segments.
Regional wise analysis of the global performance analytics market is also studied among the regions of North America, Asia Pacific, Europe, and Rest of the World (ROW).
Among these, North America scored for having the largest market share in support of the rising number of players who are continuously making high investments for cloud-based solutions. Also, the growing adoption of emerging technologies has contributed to the market’s growth in this region.
Asia-Pacific is also anticipated to proliferate over the assessment period majorly owing to rapid technological advancements and cost-effective performance analytics solutions for small scale as well as medium scale businesses. Also, it is the rapid digital transformation in various countries such as China and India are also other influencing factors behind the market’s growth in this region.
TABLE OF CONTENT
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
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List Of Tables
Table 1 Global Performance Analytics Market, By Component
Table 2 Global Performance Analytics Market, By Application
Table 3 Global Performance Analytics Market, By Deployment
List Of Figures
Figure 1 Research Methodology
Figure 2 Global Performance Analytics Market, By Component (%)
Figure 3 Global Performance Analytics Market, By Application (%)
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