Yahoo Finance Embedded Business Intelligence Market Will See Notable Growth as Businesses Adopt Analytics for Business Applications, Says Fairfield Market Research
London, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Embedded business analytics software creates a sense of a business landscape and thus helps in smoother decision-making conclusions. This is a major aspect expected to lead to exponential growth for the embedded business intelligence market in the coming years. Business intelligence is the integration of dashboards, reports, and data visualization within an application. Information is ideally displayed and managed through a BI platform and is inserted directly into an application’s user interface to improve decision-making, and data usability. It gives users a richer context, and fresh information within operational applications they are familiar with. Moreover, the steady adoption of these dashboards and visualization solutions in the cloud creates a scalable and cost-effective approach to data analysis for several companies.
A new upcoming report of Fairfield Market Research would offer valued insights into the growth analysis and forecast of the global embedded business intelligence market in near term. The report highlights continued use of traditional business intelligence approaches or solutions has posed a threat to the implementation and adoption of embedded analytics, prescriptive analytics, and predictive analytics by certain organizations. This could act as a restraining element for the growth of the embedded business intelligence market.
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Insights into Segmental Analysis
The steady adoption of various advanced technologies and tools in the BFSI sector due to increasing levels of digitization is expected to act as a major contributor to growth in the embedded business intelligence market. These solutions aid financial institutions in making better operational and financial decisions. The reliance on data continues to increase owing to technologies such as ML, AI, and IoT is expected to lead to a higher demand for business intelligence tools. The further expansion of BFSI sector is due to a host of factors such as the increased adoption rates of cloud BI solutions by small and medium enterprises, improved tool efficiency, as well as a greater adoption of business analytics. On the other hand, while the importance and benefits are many, the initial cost incurred when purchasing suitable BI software, its further implementation within an organization, as well as the subsequent training of employees are relatively high. This is a major element that could potentially hinder the revenue growth of the global embedded business intelligence market as it restricts adoption among small and mid-sized organizations.
Insights into Regional Analysis
Although North America’s embedded business intelligence market accounted for the highest market share in 2020 owing to the sheer number of industry players that operate and are headquartered in this region, the market of Asia Pacific is projected to exhibit the fastest growth over the course of the forecast period. This can be attributed to the increasing adoption of advanced technologies as well as the commercialization of IoT in this region, particularly in China, India, and Japan. Moreover, the growing demand for IoT and big data solutions is another factor that is slated to further contribute to the expansion of this regional embedded business intelligence market. The market in Asia Pacific will thus index the highest CAGR throughout the end of forecast period, estimates the report.
Key Industry Players
Notable players in the embedded business intelligence market include Birst Inc., International Business Machines Corporation, Information Builders, Logi Analytics, Microsoft Corporation, Sap SE Microstrategy Inc., OpenText Corporation, Qlik Technologies, and Tibco (the information bus company) Software Inc.
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Global Embedded Business Intelligence Market is Segmented as Below:
By Deployment Mode
On-premise
Cloud-based
By Service
Professional services
Support services
By Industry Vertical
Banking, financial services, and insurance
It & telecom
Public sector
Manufacturing
Retail
Healthcare
Energy & utilities
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Russia
Rest of Europe
Asia Pacific
Japan
South Korea
India
China
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Report Inclusions
Market Estimates and Forecast
Market Dynamics
Industry Trends
Competition Landscape
Service-Wise Analysis
Deployment Mode-Wise Analysis
Industry Vertical-Wise Analysis
Region-Wise Analysis
Country-Wise Analysis
Key Trends Analysis
COVID-19 Impact Analysis
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/embedded-business-intelligence-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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