Global Performance Analytics Market – Industry Trends and Forecast to 2024

Market Analysis: Global Performance Analytics Market

The Global Performance Analytics Market accounted for USD 10.54 billion in 2016 growing at a CAGR of 19.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

Market Definition: Global Performance Analytics Market

Performance analytics enables tracking and getting aggregate data over time. It is widely applicable in banking, financial services, and insurance, telecommunications and IT, retail and e-commerce, government and defense, healthcare, manufacturing, energy and utilities, construction and engineering, and others. Rising prevalence of metrics driven business performance assessment may act as major driver in the growth of performance analytics market. On the other side lack of awareness and concerns about ROI may hamper the market. 

Major Market Drivers & Restraints:

Need to Generate Insights From Continually Rising Volume of the Data
Rising Prevalence of Metrics Driven Business Performance Assessment
Technological Advancements in Computing Power
Lack of Awareness
Concerns About Positive ROI 

Market Segmentation: Global Performance Analytics Market

The global performance analytics market is segmented on the basis of component into software, and services. The services segment is further segmented into managed services, and professional services. The professional services segment is further segmented into support and maintenance, and consulting.

On the basis of application, the global performance analytics market is segmented into sales and marketing performance analytics, financial performance analytics, supply chain performance analytics, it operations performance analytics, employee performance analytics, and others.

On the basis of analytics type, the global performance analytics market is segmented into predictive analytics, prescriptive analytics, and descriptive analytics.

On the basis of deployment model, the global performance analytics market is segmented into on-premises, and cloud.

On the basis of organization size, the global performance analytics market is segmented into small and medium businesses (SMEs), and large enterprises.

On the basis of vertical, the global performance analytics market is segmented into banking, financial services, and insurance, telecommunications and IT, retail and e-commerce, government and defense, healthcare, manufacturing, energy and utilities, construction and engineering, and others.

On the basis of geography, the global Performance Analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market. 

Company Share Analysis: Global Performance Analytics Market

The report for performance analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Performance Analytics Market

Some of the major players of the global performance analytics market are IBM Corporation, SAP SE, SAS Institute Inc., Oracle, Siemens AG, Adaptive Insights, Xactly, Optymyze, ServiceNow, Callidus Software Inc., and others. 

Research Methodology: Global Performance Analytics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Performance Analytics Market – Industry Trends and Forecast to 2024

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