CHICAGO, April 24, 2020 /PRNewswire/ -- Post COVID-19, the report "COVID-19 Impact on Analytics Market by Components, Verticals and Region - Global Forecast to 2021", size to grow from USD 25.4 billion in 2019 to USD 33.8 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period. The major factors driving the growth of COVID-19 impact on the analytics industry include increasing demand for digital transformation, increased investments in analytics, growing demand for remote services and location data, and increasing need for real-time information to track and monitor the COVID-19 spread.
Browse in-depth TOC on "Covid-19 Impact on Analytics Market"
11 – Tables
40 – Figures
83 – Pages
Request for PDF Brochure:
By industry vertical, healthcare to grow at the highest CAGR during the forecast period
The Analytics Market is segmented into ten industry verticals: Banking, Financial Services and Insurance (BFSI), government and defense, healthcare, manufacturing, retail, media and entertainment, telecommunications and Information Technology (IT), transportation, energy and utilities, and others (travel and hospitality, oil and gas, real estate and construction). During the COVID-19 pandemic, the healthcare industry vertical is under immense pressure to enhance and provide PPE, ventilators, prophylactic, and anti-viral drugs, across the world. Healthcare organizations are using advanced technologies, such as analytics, AI, and machine learning to analyze the complex data around COVID-19 to monitor and reduce the impact of the virus.
North America to hold the largest market size during the forecast period
North America is the most significant revenue contributor to the global big data market. The region is witnessing significant developments in terms of adoption and investments in technologies such as analytics, AI, and ML. The growth in the demand for digital technologies for business transformation and continuity is driving the implementation of different analytical solutions among industries. Most of these industries are relying on analytical solutions to create different predictive or prescriptive models so that they can sustain the impact of COVID-19. North America, a manufacturing-driven economy, has already felt the impact of COVID-19 in most of its industries. For instance, automobile giants, such as Ford, General Motors, and Fiat Chrysler, have closed down all the US manufacturing plants to slow down the spread of the virus.
The report includes the study of the key players offering analytics solutions and services. Major vendors in the global Analytics Market include Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), Adobe (US), Talend (US), Qlik (US), TIBCO Software (US), Alteryx (US), Sisense (US), Informatica (US), Splunk (US), Hitachi Vantara (US), Information Builders (US), AWS (US), SAP (Germany), Salesforce (US), Micro Focus (UK), MicroStrategy (US), and ThoughtSpot (US).
Request more details on:
Big Data Market by Component, Deployment Mode, Organization Size, Business Function (Operations, Finance, and Marketing and Sales), Industry Vertical (BFSI, Manufacturing, and Healthcare and Life Sciences), and Region - Global Forecast to 2025
Analytics as a Service Market by Component, Deployment Mode, Organization Size, Industry Vertical (BFSI, Telecommunications and IT, Healthcare and Life Sciences, and Retail and eCommerce), and Region - Global Forecast to 2024
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/covid-19-impact-on-analytics-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/covid-19-impact-on-analytics.asp