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Embedded Analytics Market Size, Share Global Analysis Report, 2021 – 2026
Embedded Analytics Market By Function (Finance, Human Resources, IT, Marketing & Sales, Production, & Others), By Industry Vertical (BSFI, Telecommunications & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Manufacturing, Government, Energy & Utilities, Media & Entertainment, Transportation & Logistics, & Others), By Component (Software & Services), By Organization Size (Large Enterprises & SMEs), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[210+ Pages Report] Facts & Factors published latest finding surrounding the global embedded analytics market offers a neatly packaged and comprehensive read. In the latest study, the global embedded analytics market will reach a projected value of USD 52.3 Billion by 2026 growing at a CAGR of 9.9% from an initial value of USD 26.5 Billion in the year 2020.
Embedded analytics refers to the software-enabled tools that allow for data transfer in terms of analysis and business intelligence that are often associated with higher accessibility solutions for business organizations. Several enterprises are moving toward integrating BI tools and business applications for increasing effective measures. These tools are highly capable of handling expandable formats of data arising from multiple domains.
Key Insights from Primary Research
- Our primary respondents predict the global embedded analytics market to surpass USD 52.3 Billion by the end of 2026.
- C-level executives believe that the market for embedded analytics is expected to witness a robust CAGR of 9.9% during the forecast period.
- On the basis of analytics tools, the reporting segment dominates the market with nearly one-third share of the total market. This segment is followed by the self-service tools segment which accounts for almost one-fourth of the total market. They believe these two segments to lead the market throughout the forecast period.
- Operations and finances applications are expected to lead the global market with a cumulative share of around 60%. This dominance is expected to continue till the end of 2026.
- Microsoft Corporation and IBM Corporation account for 15% and 13% shares respectively.
Key Recommendations from Analysts
- Our analysts recommend investing in North America embedded analytics market owing to higher demand especially from U.S. and Canada.
- The Asian embedded analytics market is set to witness substantial growth owing to increasing penetration in China, India, and other Southeast Asian countries.
- The global embedded analytics market is anticipated to foresee a significant double-digit growth of nearly 15% on account of rising demand for data analytical solutions coupled with increasing digitization in the Asia-Pacific region.
- The cloud deployment of embedded analytics software and tools is expected to be dominant throughout the forecast period owing to the increasing penetration of cloud-based software as well as rising demand for database-enabled analytical solutions.
- Latin America and Middle East & Africa are expected to bring lucrative avenues for the key players operating in the market. However, owing to rapid digitization in India and China, Asia-Pacific is expected to be the top investment pocket in the global embedded analytics market.
Global Embedded Analytics? Industry – SWOT Analysis
The driving factors for the global embedded analytics market can be occupied by contributing factors attributing to rising advantages over implementation such as cutting down on inevitable losses, rising number of opportunities, saving costs, and rising efficiency measures coupled with rising demands from the sectors of software and services, marketing & sales, and HR to name a few. Additionally, a rising number of data-driven organizations on a global purview coupled with the integration of analytical tools within SMEs is expected to increase the footprint of the global embedded analytics market during the advent of the forecast period. Moreover, rising complexities and increasing variations in data sets are expected to fuel the growth of the global embedded analytics market during the advent of the forecast period.
The global embedded analytics market is driven by factors attributing to rising demand from employees for making informed decisions coupled with generating valuable insights for expanding business needs to name a few. Rising technological advancements and integration of AI and ML within embedded analytics are expected to boost the growth of the global embedded analytics market during the advent of the forecast period. However, a serious lack of integration within legacy systems and higher implementation costs is expected to hamper the growth of the global embedded analytics market during the advent of the forecast period.
The global embedded analytics market is segmented into function, industry vertical, component, organization size, and region.
The global embedded analytics market is divided into finance, human resources, IT, marketing & sales, production, and others on the basis of function. The segment pertaining to marketing & sales is expected to witness the largest market share during the advent of the forecast period owing to rising needs for territory management to integrate platforms for building automated tools coupled with increasing needs for campaign management tools to name a few.
Based on industry verticals, the global embedded analytics market is categorized into BSFI, telecommunications & IT, retail & consumer goods, healthcare & life sciences, manufacturing, government, energy & utilities, media & entertainment, transportation & logistics, and others. The telecommunications and IT segment are expected to witness the largest market share during the advent of the forecast owing to the integration of technological advancements such as IoT, big data, cloud platforms, and cognitive AI among others coupled with rising complexities to name a few.
On the basis of components, the global embedded analytics market is fragmented into software and services. The services category is expected to witness the largest market share during the advent of the forecast owing to the integration of analytics into web portals, products, and applications coupled with rising functionality of the latter in terms of dashboards, reports, and analytics for consumers, suppliers, and partners to name a few. The global embedded analytics market is bifurcated into large enterprises and SMEs on the basis of organization size. The segment pertaining to large enterprises is expected to witness the largest market share during the advent of the forecast period owing to the rising flow of data in large-scale organizations coupled with rising budgetary spending among analytics tools.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 26.5 Billion |
Projected Market Size in 2026 |
USD 52.3 Billion |
CAGR Growth Rate |
9.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Microsoft Corporation, IBM Corporation, SAP SE, SAS Institute, Oracle Corporation, Birst, Logi Analytics, QlikTech International, Sisense, Information Builders, Open Text Corporation, Yellowfin International, TIBCO Software, Inc., and Tableau Software, among others. |
Key Segments |
Functions, Industry Verticals, Components, Organization Size, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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North America is expected to witness the largest market share during the advent of the forecast period owing to a larger presence of key market participants in the region coupled with rising demands for integration of embedded analytics into the large organizations to name a few.
Additionally, increasing availability of adequate technology coupled with rising awareness among consumers regarding integrating analytics into a business organizations is expected to increase the footprint of the embedded analytics market during the forecast period. Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast period owing to the rising amount of business data coupled with a rising trend of bringing your own device (BYOD) to name a few.
Some of the leading players in the global market include
- Microsoft Corporation
- IBM Corporation
- SAP SE
- SAS Institute
- Oracle Corporation
- Birst
- Logi Analytics
- QlikTech International
- Sisense
- Information Builders
- Open Text Corporation
- Yellowfin International
- TIBCO Software Inc.
- Tableau Software
By Function Segment Analysis
- Finance
- Human Resources
- IT
- Marketing & Sales
- Production
- Others
By Industry Vertical Segment Analysis
- BSFI
- Telecommunications & IT
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Manufacturing
- Government
- Energy & Utilities
- Medias & Entertainment
- Transportation & Logistics
- Others
By Component Segment Analysis
- Software
- Services
- Managed Services
- Professional Services
By Organization Size Segment Analysis
- Large Enterprises
- SMEs
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Microsoft Corporation
- IBM Corporation
- SAP SE
- SAS Institute
- Oracle Corporation
- Birst
- Logi Analytics
- QlikTech International
- Sisense
- Information Builders
- Open Text Corporation
- Yellowfin International
- TIBCO Software Inc.
- Tableau Software
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