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iCrowdNewswire Nov 30, 202012:00 AM ET

Report Ocean recently added a new study, titled Big Data and Business Analytics Market by Component (Hardware, Software, and Service) Deployment Model (On-premise and Cloud), Analytics Tool (Dashboard & Data Visualization, Data Mining & Warehousing, Self-service Tools, Reporting, and Others), Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk & Credit Analytics, and Transportation Analytics), and Industry Vertical (BFSI, Manufacturing, Healthcare, Government, Energy & Utilities, Transportation, Retail & E-Commerce, IT & Telecom, Education and Others): Global Opportunity Analysis and Industry Forecast, 20202027, to its vast trajectory.

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The increasing uptake of big data analytics software in enterprises, aspiring to gain improved and faster decision-making capabilities to stay a step ahead of their competitors by analyzing and acting upon information in a timely manner, is significantly propelling the global market.

Going forward, the increasing demand for cloud-based big data analytics software among small and medium enterprises is likely to influence the growth of the market positively in the near future. However, the high implementation cost and the lack of skilled workforce may act as restraints over the next few years.

Impact of Covid 19 on Global Big Data and Business Analytics Market

The ongoing pandemic has been severely damaging for many markets but the global big data and business analytics market is certainly not one of them. In fact, with cloud computing taking the center stage, the need to gain detailed insights into businesses has increased among companies, which is supporting the growth of this market.

Software Emerges as Leading Component Segment

The global big data and business analytics market has been analyzed on the basis of the component, deployment model, analytics tool, application, industry vertical, and the region in this report. In terms of the component, the market has been bifurcated into hardware, software, and services. The software segment is recording a greater progress than other component segments in this market.

Based on the deployment model, it has been classified into on-premise and cloud. In terms of the analytics tool, it has been categorized into dashboard and data visualization, data mining and warehousing, self-service tools, reporting, and others. Customer analytics, supply chain analytics, marketing analytics, pricing analytics, spatial analytics, workforce analytics, risk and credit analytics, and transportation analytics are considered as the prominent application areas of big data and business analytics in this study.

As per industry vertical, the market has been segregated into BFSI, manufacturing, healthcare, government, energy & utilities, transportation, retail and e-commerce, IT and telecom, education and other segments. Geographically, the report assessed the global market across North America, Europe, Asia Pacific, and LAMEA. Among these, North America has acquired the leading position and is expected to continue to do so over the next few years.

Key Findings:

The global big data and business analytics market is segmented into:

By Component

By Deployment Model

By Analytics Tool

By Application

By Industry Vertical

By Region

North America

Europe

Asia Pacific

LAMEA

Companies Mentioned in the Report

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Keywords:Big Data and Business Analytics Market, Big Data and Business Analytics Market size, Big Data and Business Analytics Market share, Big Data and Business Analytics Market trends, Global Big Data and Business Analytics Market, Big Data and Business Analytics Market forecast

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Rising Uptake of Big Data Analytics Software for Business to Propel Big Data and Business Analytics Market Wall Street Call - Reported Times