The Europe Business Analytics Software Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027).
The recent trends like data proliferation, growing competition, cloud deployment are the reasons for the expansion of the business intelligence and analytics software market. Furthermore, the trend of mobile BI solutions and applications is fast gaining traction as a result of the significant increase in mobile device users. These trends have been well-nurtured and applied in the tool, as well as in a variety of mobile apps. Additionally, this market presents a number of chances for developed players to explore new product lines through partnerships and collaborations, as well as mergers and acquisitions. Taking all of these factors into account, the industry is expected to expand significantly in the next years.
Mobility is an integral part of digital solutions, and it is revolutionizing organizations all over the world, resulting in increased demand for IT services. It's a must-have tool for managing customer experience and improving collaboration with strategic partners and suppliers. It also gives users more access to information and services that may be combined to run important business processes. IT services are required for the development and execution of mobile applications. Tieto's competitive advantage in mobility, as well as Tieto's enterprise mobility solution framework, for example, provides tailored solutions to firms in the healthcare, logistics, telecommunications, energy, and manufacturing industries.
Majority of telecom operators in the European region are concentrating on data management services to compensate for the loss from voice operations. In Industry 4.0, e-commerce, and data management platform contexts, cloud-based apps are gaining popularity. Various studies also demonstrate that in this healthy regional market, the number of public and private cloud computing providers is gradually increasing. In the previous year, 94% of cloud computing businesses assessed their current state of operations as very good or good.
In Germany, businesses employ both private and public clouds, with the "hybrid cloud," which combines features from both, being the preferred cloud solution. Data storage, worker collaboration, and commercial applications are all common uses of the cloud in Germany (e.g. ERP, email). The most prominent benefits of cloud adoption, according to companies adopting cloud models, are faster scalability, location-independent data access to IT applications, increased data security, and improved efficiency and productivity.
The Germany market dominated the Europe Business Analytics Software Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,960.6 million by 2027. The UK market is poised to grow at a CAGR of 8.9% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 10.5% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Manufacturing, Education and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, and Risk & Credit Analytics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Business Analytics Software Market Size will Hit $120 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adobe, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., SAP SE, SAS Institute, Inc., Google LLC, and QlikTech International AB (Thoma Bravo)
By Component
By Vertical
By Organization Size
Deployment Mode
By Application
By Country
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