Analytics market size to increase by USD 221.23 billion: 31% of the market growth to originate from North America - Technavio

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Dec 05, 2022, 02:30 ET

NEW YORK, Dec. 5, 2022 /PRNewswire/ -- The analytics market by component, end-user, and geography - Forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 13.5% and register an incremental growth of USD 221.23 billion during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Regional analysis

Technavio has announced its latest market research report titled Global Analytics Market 2023-2027

Based on region, the global analytics market is segmented into North America, Europe, APAC, the Middle East and Africa, and South America. North America will account for 31% of the market's growth during the forecast period. North America has a high adoption rate when it comes to advanced analytics software and is also one of the biggest innovators of many new and advanced technologies introduced. Hence, the region is an attractive region for market vendors. The flourishing retail sector, the growing healthcare sector, and increasing manufacturing output are factors driving the adoption of analytics solutions in the region. Buy the Report

Company profiles

The analytics market report includes information on the key products and recent developments of leading vendors, including:

Accenture Plc - The company offers analytics services for fraud detection, cybersecurity and precision agriculture.
Alphabet Inc. - The company offers analytics services under the subsidiary Google LLC.
Amazon.com Inc. - The company offers analytics services for financial, marketing and human resources.
Dell Technologies Inc. - The company offers analytics services such as health checks and remediation plans, transformation strategy and future-state architecture.
Informatica Inc. - The company offers analytics such as Infor Birst.
To gain access to more vendor profiles available with Technavio, Request a sample

Market dynamics

Factors such as the growing availability and complexity of data, the growing need to improve business efficiency, and the increased dependency on the internet for critical operations will drive the growth of the Analytics Market during 2023-2027. However, data privacy and security concerns might hamper the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a sample

Market segmentation

Based on components, the market is segmented into services, software, and hardware. The services segment will account for the largest share of the market's growth during the forecast period.
Based on geography, the market is segmented into North America, Europe, APAC, the Middle East and Africa, and South America. North America will account for the largest share of the market's growth during the forecast period.

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Analytics Market Scope
Report Coverage	Details
Page number	181
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 13.5%
Market growth 2023-2027	USD 221.23 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	12.55
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 31%
Key countries	US, China, India, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Accenture Plc, Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Informatica Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech International AB.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market Definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global Analytics Market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global Analytics Market 2017 - 2021 ($ billion)

4.2 Component Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

4.3 End-User Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments

Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

6.2 Comparison by Component

Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component

6.3 Services - Market size and forecast 2022-2027

Exhibit 34: Chart on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Services - Year-over-year growth 2022-2027 (%)

6.4 Software - Market size and forecast 2022-2027

Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)

6.5 Hardware - Market size and forecast 2022-2027

Exhibit 42: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Component

Exhibit 46: Market opportunity by Component ($ billion)

7 Market Segmentation by End-user

7.1 Market segments

Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user

Exhibit 49: Chart on Comparison by End-user
Exhibit 50: Data Table on Comparison by End-user

7.3 BSFI - Market size and forecast 2022-2027

Exhibit 51: Chart on BSFI - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on BSFI - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on BSFI - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on BSFI - Year-over-year growth 2022-2027 (%)

7.4 Manufacturing - Market size and forecast 2022-2027

Exhibit 55: Chart on Manufacturing - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)

7.5 Retail - Market size and forecast 2022-2027

Exhibit 59: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Retail - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Retail - Year-over-year growth 2022-2027 (%)

7.6 Healthcare - Market size and forecast 2022-2027

Exhibit 63: Chart on Healthcare - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Healthcare - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027

Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user

Exhibit 71: Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 73: Chart on Market share by geography 2022-2027 (%)
Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 75: Chart on Geographic comparison
Exhibit 76: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027

Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 117: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 118: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 120: Overview on factors of disruption

11.4 Industry risks

Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 122: Vendors covered

12.2 Market positioning of vendors

Exhibit 123: Matrix on vendor position and classification

12.3 Accenture Plc

Exhibit 124: Accenture Plc - Overview
Exhibit 125: Accenture Plc - Business segments
Exhibit 126: Accenture Plc - Key news
Exhibit 127: Accenture Plc - Key offerings
Exhibit 128: Accenture Plc - Segment focus

12.4 Alphabet Inc.

Exhibit 129: Alphabet Inc. - Overview
Exhibit 130: Alphabet Inc. - Business segments
Exhibit 131: Alphabet Inc. - Key news
Exhibit 132: Alphabet Inc. - Key offerings
Exhibit 133: Alphabet Inc. - Segment focus

12.5 Amazon.com Inc.

Exhibit 134: Amazon.com Inc. - Overview
Exhibit 135: Amazon.com Inc. - Business segments
Exhibit 136: Amazon.com Inc. - Key news
Exhibit 137: Amazon.com Inc. - Key offerings
Exhibit 138: Amazon.com Inc. - Segment focus

12.6 Dell Technologies Inc.

Exhibit 139: Dell Technologies Inc. - Overview
Exhibit 140: Dell Technologies Inc. - Business segments
Exhibit 141: Dell Technologies Inc. - Key news
Exhibit 142: Dell Technologies Inc. - Key offerings
Exhibit 143: Dell Technologies Inc. - Segment focus

12.7 Infor Inc.

Exhibit 144: Infor Inc. - Overview
Exhibit 145: Infor Inc. - Product / Service
Exhibit 146: Infor Inc. - Key news
Exhibit 147: Infor Inc. - Key offerings

12.8 Informatica Inc.

Exhibit 148: Informatica Inc. - Overview
Exhibit 149: Informatica Inc. - Product / Service
Exhibit 150: Informatica Inc. - Key offerings

12.9 Infosys Ltd.

Exhibit 151: Infosys Ltd. - Overview
Exhibit 152: Infosys Ltd. - Business segments
Exhibit 153: Infosys Ltd. - Key news
Exhibit 154: Infosys Ltd. - Key offerings
Exhibit 155: Infosys Ltd. - Segment focus

12.10 International Business Machines Corp.

Exhibit 156: International Business Machines Corp. - Overview
Exhibit 157: International Business Machines Corp. - Business segments
Exhibit 158: International Business Machines Corp. - Key offerings
Exhibit 159: International Business Machines Corp. - Segment focus

12.11 Microsoft Corp.

Exhibit 160: Microsoft Corp. - Overview
Exhibit 161: Microsoft Corp. - Business segments
Exhibit 162: Microsoft Corp. - Key news
Exhibit 163: Microsoft Corp. - Key offerings
Exhibit 164: Microsoft Corp. - Segment focus

12.12 MicroStrategy Inc.

Exhibit 165: MicroStrategy Inc. - Overview
Exhibit 166: MicroStrategy Inc. - Product / Service
Exhibit 167: MicroStrategy Inc. - Key offerings

12.13 Oracle Corp.

Exhibit 168: Oracle Corp. - Overview
Exhibit 169: Oracle Corp. - Business segments
Exhibit 170: Oracle Corp. - Key news
Exhibit 171: Oracle Corp. - Key offerings
Exhibit 172: Oracle Corp. - Segment focus

12.14 QlikTech international AB

Exhibit 173: QlikTech international AB - Overview
Exhibit 174: QlikTech international AB - Product / Service
Exhibit 175: QlikTech international AB - Key offerings

12.15 Salesforce.com Inc.

Exhibit 176: Salesforce.com Inc. - Overview
Exhibit 177: Salesforce.com Inc. - Product / Service
Exhibit 178: Salesforce.com Inc. - Key news
Exhibit 179: Salesforce.com Inc. - Key offerings

12.16 SAP SE

Exhibit 180: SAP SE - Overview
Exhibit 181: SAP SE - Business segments
Exhibit 182: SAP SE - Key news
Exhibit 183: SAP SE - Key offerings
Exhibit 184: SAP SE - Segment focus

12.17 SAS Institute Inc.

Exhibit 185: SAS Institute Inc. - Overview
Exhibit 186: SAS Institute Inc. - Product / Service
Exhibit 187: SAS Institute Inc. - Key news
Exhibit 188: SAS Institute Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 189: Inclusions checklist
Exhibit 190: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 191: Currency conversion rates for US$

13.4 Research methodology

Exhibit 192: Research methodology
Exhibit 193: Validation techniques employed for market sizing
Exhibit 194: Information sources

13.5 List of abbreviations

Exhibit 195: List of abbreviations

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