The North America Business Analytics Software Market is expected to witness market growth of 9.0% CAGR during the forecast period (2021 2027).
Companies can use business intelligence software to make educated decisions based on proper facts such as market trends and customer buying patterns. Since the major corporations own ERP and CRM apps, data is spread across multiple systems. As a result, the first step in implementing BI is to create an inventory of the data generated by the company. In addition, the growing usage of data analytics in end-use sectors to evaluate data and make better business decisions is likely to boost demand for BI software.
Using such technology, a business analyst can determine the largest number of customers for a certain product or service, as well as the product's performance, demand elasticity (quality and quantity), and product advertising. The manufacturing industry is expected to benefit greatly from good business analytics.
The North American market is primarily propelled by the increased use of data-driven business models by small, medium, and big businesses, as well as extensive use of e-commerce. In the United States, for example, food franchises such as Wendy's and Ruby Tuesday make extensive use of business intelligence tools to improve customer relationships. The business analytics method enables businesses to make strategic decisions in such a way that they result in a positive transformation and high-quality customer service. Furthermore, increased usage of data and business analytics software, accompanied by ongoing investments in business intelligence and tools, is creating significant revenue growth.
The US market dominated the North America Business Analytics Software Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $31,013.2 million by 2027. The Canada market is estimated to grow at a CAGR of 11.5% during (2021 - 2027). Additionally, The Mexico market is expected to display 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 U.S., Mexico, Canada, and Rest of North America.
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)
Companies can use business intelligence software to make educated decisions based on proper facts such as market trends and customer buying patterns. Since the major corporations own ERP and CRM apps, data is spread across multiple systems. As a result, the first step in implementing BI is to create an inventory of the data generated by the company. In addition, the growing usage of data analytics in end-use sectors to evaluate data and make better business decisions is likely to boost demand for BI software.
Using such technology, a business analyst can determine the largest number of customers for a certain product or service, as well as the product's performance, demand elasticity (quality and quantity), and product advertising. The manufacturing industry is expected to benefit greatly from good business analytics.
The North American market is primarily propelled by the increased use of data-driven business models by small, medium, and big businesses, as well as extensive use of e-commerce. In the United States, for example, food franchises such as Wendy's and Ruby Tuesday make extensive use of business intelligence tools to improve customer relationships. The business analytics method enables businesses to make strategic decisions in such a way that they result in a positive transformation and high-quality customer service. Furthermore, increased usage of data and business analytics software, accompanied by ongoing investments in business intelligence and tools, is creating significant revenue growth.
The US market dominated the North America Business Analytics Software Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $31,013.2 million by 2027. The Canada market is estimated to grow at a CAGR of 11.5% during (2021 - 2027). Additionally, The Mexico market is expected to display 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 U.S., Mexico, Canada, and Rest of North America.
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)
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software and
- Services
By Vertical
- BFSI
- IT & Telecom
- Healthcare
- Retail & eCommerce
- Government & Defense
- Manufacturing
- Education and
- Others
By Organization Size
- Large Enterprises and
- Small & Medium-sized Enterprises (SMEs)
Deployment Mode
- Cloud
- On-premise
By Application
- Customer Analytics
- Supply Chain Analytics
- Marketing Analytics
- Pricing Analytics and
- Risk & Credit Analytics
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Adobe, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com, Inc
- SAP SE
- SAS Institute, Inc.
- Google LLC
- QlikTech International AB (Thoma Bravo)
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Business Analytics Software Market by Component
Chapter 5. North America Business Analytics Software Market by Vertical
Chapter 6. North America Business Analytics Software Market by Organization Size
Chapter 7. North America Business Analytics Software Market by Deployment Type
Chapter 8. North America Business Analytics Software Market by Application
Chapter 9. North America Business Analytics Software Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Adobe, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com, Inc
- SAP SE
- SAS Institute, Inc.
- Google LLC
- QlikTech International AB (Thoma Bravo)
Methodology
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