How Is The Business Analytics & Enterprise Software Market Segmented?
The business analytics & enterprise software market covered in this report is segmented –
1) By Type: ERP Software, BI Software, CRM Software, SCM Software, Other Software
2) By Deployment Model: On-Demand Or Cloud, On-Premise
3) By End-User Industry: IT And Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media, Other End-User Industries
Subsegments:
1) By ERP Software (Enterprise Resource Planning): Financial Management, Human Resource Management, Supply Chain Management, Manufacturing Management
2) By BI Software (Business Intelligence): data visualization tools, Reporting Tools, Dashboard Software, Data Warehousing Solutions
3) By CRM Software (Customer Relationship Management): Sales Force Automation, marketing Automation, Customer Service Solutions, Contact Management
4) By SCM Software (Supply Chain Management): Inventory Management, Demand Planning, Logistics Management, Supplier Relationship Management
5) By Other Software: Project Management Software, Collaboration Tools, Document Management Systems, E-Commerce Platforms
What Is Driving The Business Analytics & Enterprise Software Market? Driving Business Transformation Through Mobility And It Services
Mobility is an integrated component of digital solutions and is transforming businesses on a global scale driving demand for IT services. It is an essential feature for customer experience management and for enhancing interaction amongst strategic partners and suppliers. It also provides greater access to information and services which can be integrated to execute critical business operations. The development and implementation of mobile applications requires IT services. For example, Tieto's competitive asset in mobility and Tieto's enterprise mobility solution framework offers customized solutions to companies operating in healthcare, logistics, telecommunications, energy and manufacturing verticals.
What Is Driving The Business Analytics & Enterprise Software Market? Increasing Adoption Of Cloud-Based Solutions Drives The Market
The increasing adoption of cloud-based solutions is expected to propel the growth of the business analytics and enterprise software market going forward. A cloud-based solution is a type of software that resides on a remote server and can be accessed through the internet. This software is typically used to store, manage, and share data. Cloud-based analytics solutions offer businesses a range of benefits, including scalability, flexibility, and cost-effectiveness. For instance, in June 2024, according to AAG IT Services, a UK-based non-government organization, public cloud service revenue surged past $415 billion in 2022, growing from $343 billion in 2021. Public cloud service revenues in 2023 are predicted to reach $526 billion. Therefore, increasing adoption of cloud-based solutions is driving the growth of the business analytics and enterprise software market.
Who Are The Major Players In The Global Business Analytics & Enterprise Software Market?
Major companies operating in the business analytics & enterprise software market include Nippon Telegraph And Telephone Corp., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Fiserv Inc., Adobe Systems Incorporated, Leidos, Atos SE, Workday Inc., SAS Institute Inc., Teradata Corporation, Tibco Software Inc., Fair IsAAC Corporation, Alteryx Inc., QlikTech International AB, Domo Inc., ThoughtSpot Inc., Mixpanel Inc., Sisense Inc., RapidMiner Inc., Domino Data Lab, Cloudability Inc., Densify Inc., Google LLC, Tableau Software Inc., Infor, BOARD International, GoodData Corporation, Datameer Inc., Yellowfin BI
What Are The Key Trends Of The Global Business Analytics & Enterprise Software Market? Rise Of Low-Cost Open-Source Alternatives In The Technology Sector
Over the past five years there has been an increasing prevalence of low-cost open-source alternatives. Open source has become a preferred platform for developing new technology. In the past, software product companies would open-source software that was not making money, but now companies are open sourcing software to increase its presence and share in the market. According to Allison Randal, President, Open-Source Initiative, 78% of companies use open-source solutions and 64% participate in open-source projects indicating an increase in open-source software platforms to build applications.
What Are The Key Trends Of The Global Business Analytics & Enterprise Software Market? Increasing Focus On Introducing Ai-Powered Business Analytics Software To Transform Data Into Actionable Insights
Major companies operating in the business analytics and enterprise software market are focused on developing innovative solution, such as AI-powered solutions to gain a competitive edge in the market. AI-powered business analytics software is a type of software that uses artificial intelligence (AI) and machine learning (ML) to analyze large amounts of data and generate insights, predictions, and recommendations that can help businesses make data-driven decisions. For instance, in November 2022, IBM Corporation, a US-based technology corporation, launched the IBM Business Analytics Enterprise, a new AI-powered software created to assist businesses in destroying data silos and analytics silos so they can quickly make data-driven decisions and deal with unforeseen shocks. It is a suite of business intelligence tools for planning, budgeting, reporting, forecasting, and dashboards that gives customers a thorough understanding of the data sources that make up their entire company.
Business Analytics & Enterprise Software Market Merger And Acquisition: eProductivity Software Acquires EPMS To Strengthen Technology Solutions For Print And Packaging Industries
In August 2024, eProductivity Software, a US-based technology company for print and packaging industries, acquired EPMS for an undisclosed amount. Through the acquisition, eProductivity Software aims to enhance its portfolio by integrating EPMS's management information system (MIS) solutions, which include modules for customer service, estimating, inventory management, production management, and financial operations. EPMS is a US-based firm focused on providing advanced business analytics and enterprise software solutions for improved decision-making and efficiency.
Regional Outlook For The Global Business Analytics & Enterprise Software Market
Asia-Pacific was the largest region in business analytics & enterprise software market in 2024. North America was the second largest region in business analytics & enterprise software market. The regions covered in the business analytics & enterprise software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the business analytics & enterprise software market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Business Analytics & Enterprise Software Market?
The business analytics & enterprise software market includes revenues earned by entities by developing and distributing software that are used to analyze business data to better understand an organization's strengths and weaknesses. Enterprise software is a software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Business Analytics & Enterprise Software Industry?
The business analytics & enterprise software market research report is one of a series of new reports from The Business Research Company that provides business analytics & enterprise software market statistics, including business analytics & enterprise software industry global market size, regional shares, competitors with a business analytics & enterprise software market share, detailed business analytics & enterprise software market segments, market trends and opportunities, and any further data you may need to thrive in the business analytics & enterprise software industry. This business analytics & enterprise software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
