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PUBLISHER: Grand View Research | PRODUCT CODE: 1301188
PUBLISHER: Grand View Research | PRODUCT CODE: 1301188
Data Analytics Market Size, Share & Trends Analysis Report By Type (Prescriptive Analytics, Predictive Analytics, Customer Analytics, Descriptive Analytics), By Solution, By Application, By Region, And Segment Forecasts, 2023 - 2030
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Data Analytics Market Growth & Trends
The global data analytics market size is expected to reach USD 302.01 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 26.7% from 2023 to 2030. The data analytics industry is essential for improving business operations and reducing data loss. Moreover, it enables businesses to develop marketing strategies, accelerate corporate growth, and distinguish themselves from rivals while retaining procurement efficiency. These factors are expected to increase acceptance by numerous companies from various industries, propelling the data analytics market forward.
Businesses use data analytics to make informed decisions by collecting available data, identifying industry trends, and adequately managing assets. Moreover, data close to the source or destination reduces server and network strain while increasing the speed of data uploads to on-premises or cloud systems. For instance, in August 2022, Thermo Fisher Scientific Inc., a supplier of scientific instrumentation and software services in the U.S., partnered with Structura Biotechnology, a developer of software solutions for cryo-EM data processing in Canada, to deliver a software solution, Embedded CryoSPARC Live. This solution is intended to provide cryo-EM data analysis in real time, which will assist users in transitioning to a more optimized cryo-EM workflow.
The advantages of data analytics have led to enhanced decision-making ability, increased efficiency, and productivity in the healthcare industry. Health IT officials must determine what level of data to retain, apply rules to maintain data quality and ensure validation with the lead organization's systems. Moreover, data analytics allow healthcare providers to go beyond historical data and use predictive modeling to improve patient care and treatment outcomes. For instance, in January 2022, Francisco Partners, an investment firm in the U.S., acquired healthcare data and analytics assets from IBM, a U.S.-based technology company. This acquisition is designed to strengthen the investment and expertise of a healthcare-focused portfolio.
Government, banking and securities, education, transportation, retail, media and entertainment, and other industries have seen an immediate need for data analytics solutions and tools. These industries can use data analytics tools to maximize efficiency and minimize resources and time by improving their decision-making capabilities with data-driven insights. For instance, in August 2021, Wipro Limited, an Indian information technology company, collaborated with DataRobot Inc., a U.S.-based software company. This collaboration aimed to accelerate AI strategy execution and streamline the process of incorporating AI-led intelligence into customer business decisions.
The Asia Pacific region is expected to grow at the fastest CAGR of 34.2% from 2023 to 2030. The region is experiencing significant growth in the data analytics market, with countries such as China and India driving growth. The market is characterized by a focus on data analytics, as companies seek to leverage the massive amounts of data generated by the region's large population. Additionally, there is a growing trend toward the adoption of cloud-based solutions and the integration of AI and ML.
Data Analytics Market Report Highlights
- Cloud-based data analytics solutions have become increasingly popular, as they offer scalability, flexibility, and cost-effectiveness. This trend is expected to continue as more companies seek to leverage the power of big data without investing in expensive on premise infrastructure
- As data analytics become more complex, there is a growing need for automation and machine learning. Companies are integrating AI and ML into their data analytics workflows to streamline processes and gain more insights
- The Security Intelligence solution segment dominates the data analytics market with a revenue share of 35.1% in 2022. With the growing importance of data, there is also a greater need for data privacy and security. Companies are investing in technologies that enable them to secure their data and comply with regulations such as GDPR and CCPA
- North America is the largest market for data analytics, with the United States being the primary driver of growth. The market is characterized by the adoption of advanced technologies such as AI and ML, and the trend towards cloud-based solutions
Product Code: GVR-4-68040-081-3
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Information Procurement and Research Scope
- 1.2 Information Analysis
- 1.3 Market Formulation & Data Visualization
- 1.4 Market Scope and Assumptions
- 1.4.1 Secondary Sources
- 1.4.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Global
- 2.2.1 Global Data Analytics Market, 2017 - 2030
- 2.2.2 Global Data Analytics Market, by Region, 2017 - 2030
- 2.2.3 Global Data Analytics Market, by Type, 2017 - 2030
- 2.2.4 Global Data Analytics Market, by Solution, 2017 - 2030
- 2.2.4 Global Data Analytics Market, by Application, 2017 - 2030
- 2.3 Segmental Trends
Chapter 3 Data Analytics Market Variables, Trends & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Data Analytics Market - Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Drivers
- 3.3.2 Market Restraints
- 3.3.3 Market Opportunities
- 3.4 Industry Analysis - Porter's
- 3.4.1 Supplier Power:
- 3.4.2 Buyer Power:
- 3.4.3 Substitution Threat:
- 3.4.4 Threat From New Entrant:
- 3.4.5 Competitive Rivalry
- 3.5 Key Opportunities - Prioritized
- 3.6 Data Analytics Market - PEST Analysis
- 3.6.1 Political
- 3.6.2 Economic
- 3.6.3 Social
- 3.6.4 Technological
Chapter 4 Data Analytics Market: Type Outlook
- 4.1 Data Analytics Market Share by Type, 2022 & 2030
- 4.2 Prescriptive Analytics
- 4.2.1 Prescriptive Analytics Data Analytics Market, by Region, 2017 - 2030
- 4.3 Predictive Analytics
- 4.3.1 Predictive Analytics Data Analytics Market, by Region, 2017 - 2030
- 4.4 Customer Analytics
- 4.3.1 Customer Analytics Data Analytics Market, by Region, 2017 - 2030
- 4.5 Descriptive Analytics
- 4.5.1 Descriptive Analytics Data Analytics Market, by Region, 2017 - 2030
- 4.6 Others
- 4.6.1 Others Data Analytics Market, by Region, 2017 - 2030
Chapter 5 Data Analytics Market: Solution Outlook
- 5.1 Data Analytics Market Share by Solution, 2022 & 2030
- 5.2 Security Intelligence
- 5.2.1 Security Intelligence Data Analytics Market, by Region, 2017 - 2030
- 5.3 Data Management
- 5.3.1 Data Management Data Analytics Market, by Region, 2017 - 2030
- 5.4 Data Monitoring
- 5.4.1 Data Monitoring Data Analytics Market, by Region, 2017 - 2030
- 5.5 Data Mining
- 5.5.1 Data Mining Data Analytics Market, by Region, 2017 - 2030
Chapter 6 Data Analytics Market: Application Outlook
- 6.1 Data Analytics Market Share by Application, 2022 & 2030
- 6.2 Supply Chain Management
- 6.2.1 Supply Chain Management Data Analytics Market, by Region, 2017 - 2030
- 6.3 Enterprise Resource Planning
- 6.3.1 Enterprise Resource Planning Data Analytics Market, by Region, 2017 - 2030
- 6.4 Database Management
- 6.4.1 Database Management Data Analytics Market, by Region, 2017 - 2030
- 6.5 Human Resource Management
- 6.5.1 Human Resource Management Data Analytics Market, by Region, 2017 - 2030
- 6.6 Others
- 6.6.1 Others Data Analytics Market, by Region, 2017 - 2030
Chapter 7 Data Analytics Market: Regional Outlook
- 7.1 North America
- 7.1.1 North America Data Analytics Market, by Type, 2017 - 2030
- 7.1.2 North America Data Analytics Market, by Solution, 2017 - 2030
- 7.1.3 North America Data Analytics Market, by Application, 2017 - 2030
- 7.1.4 U.S.
- 7.1.4.1 U.S. Data Analytics Market, by Type, 2017 - 2030
- 7.1.4.2 U.S. Data Analytics Market, by Solution, 2017 - 2030
- 7.1.4.3 U.S. Data Analytics Market, by Application, 2017 - 2030
- 7.1.5 Canada
- 7.1.5.1 Canada Data Analytics Market, by Type, 2017 - 2030
- 7.1.5.2 Canada Data Analytics Market, by Solution, 2017 - 2030
- 7.1.5.3 Canada Data Analytics Market, by Application, 2017 - 2030
- 7.2 Europe
- 7.2.1 Europe Data Analytics Market, by Type, 2017 - 2030
- 7.2.2 Europe Data Analytics Market, by Solution, 2017 - 2030
- 7.2.3 Europe Data Analytics Market, by Application, 2017 - 2030
- 7.2.4 Germany
- 7.2.4.1 Germany Data Analytics Market, by Type, 2017 - 2030
- 7.2.4.2 Germany Data Analytics Market, by Solution, 2017 - 2030
- 7.2.4.3 Germany Data Analytics Market, by Application, 2017 - 2030
- 7.2.5 U.K.
- 7.2.5.1 U.K. Data Analytics Market, by Type, 2017 - 2030
- 7.2.5.2 U.K. Data Analytics Market, by Solution, 2017 - 2030
- 7.2.5.3 U.K. Data Analytics Market, by Application, 2017 - 2030
- 7.2.6 France
- 7.2.6.1 France Data Analytics Market, by Type, 2017 - 2030
- 7.2.6.2 France Data Analytics Market, by Solution, 2017 - 2030
- 7.2.6.3 France Data Analytics Market, by Application, 2017 - 2030
- 7.3 Asia Pacific
- 7.3.1 Asia Pacific Data Analytics Market, by Type, 2017 - 2030
- 7.3.2 Asia Pacific Data Analytics Market, by Solution, 2017 - 2030
- 7.3.3 Asia Pacific Data Analytics Market, by Application, 2017 - 2030
- 7.3.4 China
- 7.3.4.1 China Data Analytics Market, by Type, 2017 - 2030
- 7.3.4.2 China Data Analytics Market, by Solution, 2017 - 2030
- 7.3.4.3 China Data Analytics Market, by Application, 2017 - 2030
- 7.3.5 Japan
- 7.3.5.1 Japan Data Analytics Market, by Type, 2017 - 2030
- 7.3.5.2 Japan Data Analytics Market, by Solution, 2017 - 2030
- 7.3.5.3 Japan Data Analytics Market, by Application, 2017 - 2030
- 7.3.6 India
- 7.3.6.1 India Data Analytics Market, by Type, 2017 - 2030
- 7.3.6.2 India Data Analytics Market, by Solution, 2017 - 2030
- 7.3.6.3 India Data Analytics Market, by Application, 2017 - 2030
- 7.3.7 South Korea
- 7.3.7.1 South Korea Data Analytics Market, by Type, 2017 - 2030
- 7.3.7.2 South Korea Data Analytics Market, by Solution, 2017 - 2030
- 7.3.7.3 South Korea Data Analytics Market, by Application, 2017 - 2030
- 7.3.8 Australia
- 7.3.8.1 Australia Data Analytics Market, by Type, 2017 - 2030
- 7.3.8.2 Australia Data Analytics Market, by Solution, 2017 - 2030
- 7.3.8.3 Australia Data Analytics Market, by Application, 2017 - 2030
- 7.4 Latin America
- 7.4.1 Latin America Data Analytics Market, by Type, 2017 - 2030
- 7.4.2 Latin America Data Analytics Market, by Solution, 2017 - 2030
- 7.4.3 Latin America Data Analytics Market, by Application, 2017 - 2030
- 7.4.4 Brazil
- 7.4.4.1 Brazil Data Analytics Market, by Type, 2017 - 2030
- 7.4.4.2 Brazil Data Analytics Market, by Solution, 2017 - 2030
- 7.4.4.2 Brazil Data Analytics Market, by Application, 2017 - 2030
- 7.4.5 Mexico
- 7.4.5.1 Mexico Data Analytics Market, by Type, 2017 - 2030
- 7.4.5.2 Mexico Data Analytics Market, by Solution, 2017 - 2030
- 7.4.5.3 Mexico Data Analytics Market, by Application, 2017 - 2030
- 7.5 MEA
- 7.5.1 MEA Data Analytics Market, by Type, 2017 - 2030
- 7.5.2 MEA Data Analytics Market, by Solution, 2017 - 2030
- 7.5.3 MEA Data Analytics Market, by Application, 2017 - 2030
- 7.5.4 Kingdom of Saudi Arabia (KSA)
- 7.5.4.1 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Type, 2017 - 2030
- 7.5.4.2 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Solution, 2017 - 2030
- 7.5.4.3 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Application, 2017 - 2030
- 7.5.5 UAE
- 7.5.5.1 UAE Data Analytics Market, by Type, 2017 - 2030
- 7.5.5.2 UAE Data Analytics Market, by Solution, 2017 - 2030
- 7.5.5.3 UAE Data Analytics Market, by Application, 2017 - 2030
- 7.5.6 South Africa
- 7.5.6.1 South Africa Data Analytics Market, by Type, 2017 - 2030
- 7.5.6.2 South Africa Data Analytics Market, by Solution, 2017 - 2030
- 7.5.6.3 South Africa Data Analytics Market, by Application, 2017 - 2030
Chapter 8 Competitive Landscape
- 8.1 Amazon Web Services Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product Benchmarking
- 8.1.4 Recent Developments
- 8.2 International Business Machines Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product Benchmarking
- 8.2.4 Recent Developments
- 8.3 Looker Data Sciences, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Performance
- 8.3.3 Product Benchmarking
- 8.3.4 Recent Developments
- 8.4 Mu Sigma
- 8.4.1 Company Overview
- 8.4.2 Financial Performance
- 8.4.3 Product Benchmarking
- 8.4.4 Recent Developments
- 8.5 Oracle Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Performance
- 8.5.3 Product Benchmarking
- 8.5.4 Recent Developments
- 8.6 SAP SE
- 8.6.1 Company Overview
- 8.6.2 Financial Performance
- 8.6.3 Product Benchmarking
- 8.6.4 Recent Developments
- 8.7 Sisense Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Performance
- 8.7.3 Product Benchmarking
- 8.7.4 Recent Developments
- 8.8 Tableau Software LLC.
- 8.8.1 Company Overview
- 8.8.2 Financial Performance
- 8.8.3 Product Benchmarking
- 8.8.4 Recent Developments
- 8.9 ThoughtSpot Inc.
- 8.9.1 Company Overview
- 8.9.2 Financial Performance
- 8.9.3 Product Benchmarking
- 8.9.4 Recent Developments
- 8.10 Zoho Corporation Pvt. Ltd.
- 8.10.1 Company Overview
- 8.10.2 Financial Performance
- 8.10.3 Product Benchmarking
- 8.10.4 Recent Developments
Product Code: GVR-4-68040-081-3
List of Tables
- Table 1 Data Analytics Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- Table 2 Global Data Analytics Market, 2017 - 2030 (USD Billion)
- Table 3 Global Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 4 Global Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 5 Global Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 6 Global Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 7 Key Market Driver Impact
- Table 8 Key Market Restraint Impact
- Table 9 Key Market Opportunity Impact
- Table 10 List of Key Market Players
- Table 11 Prescriptive Analytics Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 12 Predictive Analytics Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 13 Customer Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 14 Descriptive Analytics Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 15 Others Analytics Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 16 Security Intelligence Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 17 Data Management Industry based Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 18 Data Monitoring Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 19 Data Mining Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 20 Supply Chain Management Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 21 Enterprise Resource Planning Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 22 Database Management Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 23 Human Resource Management Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 24 Others Data Analytics Market, by Region, 2017 - 2030 (USD Billion)
- Table 25 North America Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 26 North America Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 27 North America Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 28 U.S. Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 29 U.S. Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 30 U.S. Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 31 Canada Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 32 Canada Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 33 Canada Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 34 Europe Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 35 Europe Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 36 Europe Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 37 Germany Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 38 Germany Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 39 Germany Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 40 U.K. Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 41 U.K. Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 42 U.K. Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 43 France Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 44 France Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 45 France Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 46 Asia Pacific Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 47 Asia Pacific Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 48 Asia Pacific Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 49 China Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 50 China Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 51 China Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 52 Japan Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 53 Japan Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 54 Japan Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 55 India Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 56 India Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 57 India Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 58 South Korea Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 59 South Korea Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 60 South Korea Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 61 Australia Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 62 Australia Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 63 Australia Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 64 Latin America Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 65 Latin America Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 66 Latin America Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 67 Brazil Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 68 Brazil Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 69 Brazil Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 70 Mexico Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 71 Mexico Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 72 Mexico Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 73 MEA Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 74 MEA Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 75 MEA Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 76 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 77 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 78 Kingdom of Saudi Arabia (KSA) Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 79 UAE Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 80 UAE Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 81 UAE Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
- Table 82 South Africa Data Analytics Market, by Type, 2017 - 2030 (USD Billion)
- Table 83 South Africa Data Analytics Market, by Solution, 2017 - 2030 (USD Billion)
- Table 84 South Africa Data Analytics Market, by Application, 2017 - 2030 (USD Billion)
List of Figures
- Fig. 1 Research Process
- Fig. 2 Market Formulation
- Fig. 3 Market Segmentation and Scope
- Fig. 4 Data Analytics Market, 2017 - 2030
- Fig. 5 Key Opportunities Analysis
- Fig. 6 Data Analytics - Value Chain Analysis
- Fig. 7 Data Analytics Market Dynamics
- Fig. 8 Industry Analysis - Porter's Five Forces Analysis
- Fig. 9 Data Analytics Market - Pest Analysis
- Fig. 10 Data Analytics Market Share by Type, 2022 & 2030
- Fig. 11 Data Analytics Market Share by Solution, 2022 & 2030
- Fig. 12 Data Analytics Market Share by Application, 2022 & 2030
- Fig. 13 Data Analytics Market Share by Region, 2022 & 2030
- Fig. 14 North America Marketplace: Key Takeaways
- Fig. 15 Europe Marketplace: Key Takeaways
- Fig. 16 Asia Pacific Marketplace: Key Takeaways
- Fig. 17 Latin America Marketplace: Key Takeaways
- Fig. 18 MEA Marketplace: Key Takeaways
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