According to TechSci Research report, United States Embedded Analytics Market –. By Region, Competition Forecast & Opportunities, 2018-2028F,” The United States Embedded Analytics Market is anticipated to grow significantly during the forecast period, driven by the increasing demand for embedded analytics software. This software is instrumental in reducing operational costs and streamlining processes within organizations.
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Embedded analytics involves the integration of business intelligence (BI) and reporting tools directly into specific applications, allowing for more effective data analysis and operational decision-making. Unlike traditional business analytics tools, embedded analytics provides a holistic view of business operations, facilitating smoother and more informed decision-making. This enhanced capability supports superior customer engagement and operational efficiency.
The market is seeing robust demand across small, medium, and large enterprises due to the comprehensive benefits offered by embedded analytics. Key features include embeddability, data management, visualization, reporting, and analysis. These features contribute to reduced complexity, minimized latency, and improved control over the business analytics process, further fueling the market’s growth.
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Based on organization size, the market is categorized into large enterprises and Small and Medium-sized Enterprises (SMEs). The SMEs segment is expected to hold the largest market share during the forecast period. SMEs often face challenges in managing operations with enhanced visibility, strategic planning, and rapid time-to-value. Embedded analytics software addresses these challenges by bringing insights closer to employees, enabling systematic responses to changes, and facilitating improved business decisions. The increasing demand for embedded analytics to reduce operational costs and streamline processes is anticipated to drive significant revenue growth in this segment. Additionally, the growing adoption of embedded analytics software among SMEs to boost productivity through detailed data analysis and data-driven decision-making will further propel revenue growth for this segment.
By vertical, the market is segmented into Banking, Financial Services, and Insurance; Healthcare and Life Sciences; Manufacturing; Retail and Consumer Goods; Energy and Utilities; Telecommunications and IT; Transportation and Logistics; Government and Defense; Media and Entertainment; and Others. The IT and Telecommunications segment is projected to experience rapid revenue growth during the forecast period, driven by the rising need for system deployment, maintenance, and strategic technology investments. Embedded analytics solutions offer valuable insights, from high-level status reports to detailed process improvement analysis, including costs, maintenance, and installation times, which are expected to enhance revenue growth in this segment. Moreover, the increasing demand for real-time analytics on Key Performance Indicators (KPIs), such as the percentage of helpdesk tickets resolved within deadlines, to evaluate ongoing support effectiveness, is expected to further boost revenue growth in the IT and Telecom sector.
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Key market players in the United States Embedded Analytics market:
- Microsoft Corporation
- Sas Institute Inc.
- INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION
- Oracle Corporation
- Tibco Software Inc.
- MicroStrategy Incorporated
- Tableau Software, LLC
- Qliktech International Ab
- Open Text Corporation
- Bella Data Labs
- Hitachi Vantara LLC
- Syncfusion Inc.
- Salesforce, Inc.
- Insight software
- Infor
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August 2022 – SAS and Single Store have announced a collaboration to help organizations remove barriers to data access, maximize performance and scalability, and uncover key data-driven insights. SAS Viya with Single Store enables the use of SAS analytics and AI technology on data stored in SingleStore’s cloud-native real-time database. The integration provides flexible, open access to curated data to help accelerate value for cloud, hybrid, and on-premises deployments.
July 2022 – TIBCO announced the launch of TIBCO ModelOps, which helps customers simplify and scale cloud-based analytic model management, deployment, monitoring, and governance; TIBCO ModelOps addresses the requirement for speed in deploying AI and draws from TIBCO’s leadership in data science data visualization and business intelligence. This aids AI teams in confronting critical deployment hurdles like ease-of-applying analytics to applications, identification and mitigation of bias, and transparency and manageability of an algorithm’s behavior within business-critical applications.
“Increasing need for data-driven decision making, to fulfill customer demand, and increasing use of mobile devices and cloud computing technologies are key factors driving growth of the United States Embedded Analytics Market. Data-driven decision-making is a key issue in businesses, and there is an increased demand for efficient decision-making and evaluation tools to make business-critical decisions. According to a survey in 2020, it was found that the number of organizations implementing data-driven decision-making increased by 12% in 2020 in comparison to 2018. Embedded analytics services assist businesses in making better judgments, adjusting for uncertainty, and improving decision models.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
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“United States Embedded Analytics Market By Component (Software and Services), By Organization Size (Small & Medium sized Enterprises and Large Enterprises), By Business Function (Information Technology, Marketing and Sales, Finance, Production, Human Resources and Others), By Deployment Model (On-Premises and On-Demand), By Vertical (Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Goods, Energy and Utilities, Telecommunications and IT, Transportation and Logistics, Government and Defense, Media and Entertainment and Others), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of United States Embedded Analytics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Embedded Analytics Market.
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