Global Embedded Analytics Market Insights and Forecast to 2028

Embedded Analytics Market

The global Embedded Analytics market size is projected to reach USD 62100 Million by 2028, from USD 28890 Million in 2021, at a CAGR of 11.4% during 2022-2028. The use of embedded analytics is being driven by the increase in data complexity and volume. The built-in infrastructure offers full real-time access and pulls important data from a sea of data. Due to the fact that training is customised to meet the needs of both organisations and consumers, costs are effectively minimised.

The expansion of the global embedded analytics market will be fueled by the quick integration, reliance on analytics tools, and technical improvements. Increased employee productivity and quicker decision-making are other benefits.

Trends Influencing the Global Embedded Analytics Market

Data complexity and volume have increased due to the massive flood of connected devices. Enterprises are now required to integrate analytics into their business software due to ongoing upgrades. By analysing the most important data needed for making significant decisions at that specific time, embedded analytics may cut through the information deluge. This facilitates data accessibility and promotes better decision-making. During the projected period, these elements will fuel the embedded analytics market's expansion.

Embedded analytical tools, which can be employed within frequently used programmes, are heavily used by organisations. This boosts worker effectiveness. Real-time data visualisation enables marketing, sales, finance, and other departments to quickly reach profitable decisions that increase revenue. Compared to conventional business intelligence tools, embedded analytics is more affordable, scalable, and capable of delivering finer-grained insights. There is no longer a requirement for a distinct infrastructure.

The market for embedded analytics will expand in the approaching years due to the quick development of technology. Predictive analysis based on machine learning offers futuristic perspectives on industry trends. The 360-degree dashboard that was designed in gathers various datasets from many departments and roles. Furthermore, these tools are made to meet the needs of both customers and businesses. They instantly adjust to the application interface, preventing the need for additional training expenses. A team of professionals is also constantly searching for new advancements and improvements. They can be obtained easily and quickly.

Embedded Analytics Market Share

The highest market share in 2019 was held by marketing and sales. As embedded analytics aid marketing and sales teams in managing territories, campaigns, automating reports, visualising data to spot trends, calculating customer acquisition costs, and executing successful programmes.

Due to the growing need for software solutions across business verticals, the professional services category is anticipated to offer enormous growth potential.

Due to the prevalence of big data-driven businesses, technological improvements, and rising awareness of embedded analytics, North America will lead during the projection period.

By Type

• Managed services
• Professional services
• Consulting services
• Education and training
• Support and maintenance

By Application

• IT
• Marketing and Sales
• Production
• Finance
• Human Resources (HR)
• Others (Product Development and Legal)

By Company

• Microsoft
• Opentext Corporation
• Oracle
• SAP Se
• SAS Institute
• Tableau Software Inc.
• BIRSt
• Information Builders
• Logi Analytics
• Microstrategy Incorporated
• Sisense
• Tibco Software
• Qliktech International AB
• Yellowfin International

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Scope of Embedded Analytics Market Report