Embedded Analytics Market Size, Share, Growth Report 2032

Embedded Analytics Market: Size

The global Embedded Analytics market size was worth around USD 60.22 billion in 2023 and is predicted to grow to around USD 200.21 billion by 2032 with a compound annual growth rate (CAGR) of roughly 14.28% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Embedded Analytics market on a global and regional level.

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Embedded Analytics Market: Overview

Integration of business intelligence (BI) tools into business or organizational software, such as enterprise resource planning (ERP), marketing automation and financial systems, and customer relationship management (CRM), is termed as embedded analytics. It brings additional concerns and awareness, analytics or context to assist in making task-related decisions. Embedded analytics facilitate companies with real-time access to business intelligence tool.

The growing demand for Internet of things (IoT), industrial internet of things (IIoT), and big data have resulted in huge amounts of data generation in organizations across the world. Multi-disciplinary data generated in organizations need to be processed efficiently and managed for which embedded analytics is preferred over traditional embedded analytics. This is the primary factor likely to fuel the embedded analytics market in the future. In addition, the emerging demand for connected electronics devices has increased the multidisciplinary data, which is anticipated to drive the embedded analytics market in the upcoming years. However, the huge expenditure incurred for its replacement and complexities related to its effective integration with the legacy system may hinder the embedded analytics market. The transformation of the business intelligence (BI) industry has reduced the implication of BI tools, which is anticipated to positively impact the embedded analytics market globally in the upcoming years.

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Embedded Analytics Market: Segmentation

The global embedded analytics market is categorized based on an analytics tool, component, deployment, business application, vertical, and region.

By analytics tool, the market is segmented into reporting, self-service tools, dashboard, and data visualization, and benchmarking. The dashboard and data visualization segment are anticipated to hold a substantial market share in the future, due to the increasing demand for analyzing and processing of massive business data.

The component segment is classified into software and services.

By deployment, the market is categorized into the cloud and on-premises. The on-premises segment is projected to hold a substantial market share in the years ahead, due to its preference by large scale organizations for absolute security.

The business application segment of the market includes human resource, sales and marketing, operations, and finance.

By vertical, the market is classified into IT and telecom, BFSI, public sector, retail, manufacturing, energy and utilities, healthcare, and others. Embedded analytics is projected to play a vital role in the IT and telecom industry due to reduced maintenance costs and regularized deployment times.

Embedded Analytics Market: Report Scope

Embedded Analytics Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC Countries.

By region, Asia Pacific is projected to hold a substantial share of the embedded analytics market globally and is anticipated to register the highest CAGR over the estimated timeframe. This can be attributed to the growing demand for embedded analytics by the telecom and IT industry.

Embedded Analytics Market: Competitive Players

Some key participants operating in the global embedded analytics market are:

• IBM
• SAP SE
• SAS Institute
• Sisense
• Oracle Corporation
• MicroStrategy Incorporated
• TIBCO Software
• Logi Analytics
• Microsoft Corporation
• Tableau Software
• QlikTech International
• Yellowfin International
• OpenText Corporation
• GoodData
• Information Builders

The Global Embedded Analytics Market is segmented as follows:

Embedded Analytics Market: Analytics Tool Analysis

• Reporting
• Self-Service Tools
• Dashboard and Data Visualization
• Benchmarking

Embedded Analytics Market: Component Analysis

• Software
• Services

Embedded Analytics Market: Deployment Analysis

• Cloud
• On-Premises

Embedded Analytics Market: Business Application Analysis

• Human Resource
• Sales and Marketing
• Operations
• Finance

Embedded Analytics Market: Vertical Analysis

• IT and Telecom
• BFSI
• Public Sector
• Retail
• Healthcare
• Manufacturing
• Energy and Utilities
• Others

Embedded Analytics Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa