The “Business Analytics Market” report includes a comprehensive analysis of the current market status, major key players, latest challenges and opportunities in the market. Business Analytics market report delivering key insights and providing a competitive benefit to clients through a detailed report. Business Analytics industry report provides data about company profile, price, and business strategy. All information presented in the report is collected from primary and secondary research methods. It also includes historic data, present and future Business Analytics market trends, environment, and technological innovation of the industry.
In this study, the years considered to estimate the market size of Business Analytics :
- History Year: 2013-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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Key Market Trends:
Healthcare Sector Accounts for a Significant Share in the Market
– With more fiscal and regulatory pressure than ever before, healthcare providers are rethinking how they can operate and create new systems to make care more cost-effective. In this regard, business analytics can go a long way in helping clinics, hospitals, and medical practices discover new ways to streamline operations.
– The Healthcare Information and Management Systems Society (HIMSS) led a study that shows a 6% increase in the number of organizations using clinical and business intelligence (C&BI) since 2013.
– Moreover, with the implementation of the Health Information Technology for Economic and Clinical Health (HITECH) Act, Electronic Medical Records (EMRs) have become mandatory, and the adoption has risen to more than 90% of healthcare providers.
– Business analytics can be utilized to improve almost any aspect of healthcare operations. For instance, by analyzing patterns in emergency-room care, hospitals can refine their staffing strategies, determining how many nurses may be required during different shifts.
– For Philips Group, health monitoring and analytics accounted for the majority of the sales of healthcare informatics. Furthermore, 52% of the providers are using their EMR/HIS (Hospital Information Services) vendor for C&BI. With this increase in healthcare informatics and EMRs, business analytics in the industry is expected to have significant growth potential.
North America to Lead the Market
– Along with mobile, social, and cloud, analytics and associated data technologies have risen to become one of the core disruptors of the digital era. Over the past few years, major organizations in the region have transitioned from traditional data management approach toward a business-driven data approach.
– The emergence of agile processing models enabled the same instance of data to support batch analytics, interactive analytics, global messaging, database, and file-based models in different types of organizations in the United States.
– Recently, the Mount Sinai Medical Center in Miami Beach was able to determine that it was overpaying for pacemakers for cardiovascular care and was able to negotiate a better price with the supplier by leveraging business analytics.
– Using global positioning data and other related metrics, emergency medical services (EMS) providers have been able to improve response time. Jersey City Medical EMS was able to cut its average response time to less than six minutes by using business analytics.
The Report Covers:
- Comprehensive research methodology of Business Analytics market
- In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global sleep aid market
- Insights about market determinants which are stimulating the global Business Analytics market
- Detailed and extensive market segments with regional distribution of forecasted revenues
- Extensive profiles and recent developments of market players Companies Mentioned
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Detailed TOC of Business Analytics Market Report 2019-2024:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Changes in Business Environment
4.3.2 Increasing Volumes of Data
4.3.3 Increased Emphasis on Gaining Insights Into Consumer Behavior
4.4 Market Restraints
4.4.1 High Investment Costs and Reluctance in Adoption Challenge the Market Growth
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Software
5.1.1 Query Reporting and Analysis Tools
5.1.2 Advanced and Predictive Analytics
5.1.3 Location Intelligence
5.1.4 Content Analytics
5.1.5 Data Warehousing Platform
5.1.6 Enterprise Performance Management
5.2 By Deployment Model
5.2.1 On-premise
5.2.2 Cloud-based
5.2.3 Hybrid
5.3 By End-user Industry
5.3.1 Banking, Financial Services, and Insurance
5.3.2 Energy and Power
5.3.3 Healthcare
5.3.4 Manufacturing
5.3.5 Retail
5.3.6 Telecom and IT
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Oracle Corporation
6.1.2 IBM Corporation
6.1.3 SAP SE
6.1.4 Microsoft Corporation
6.1.5 Tibco Software, Inc.
6.1.6 SAS Institute, Inc.
6.1.7 Infor, Inc.
6.1.8 Microstrategy Incorporated
6.1.9 QLIK Technologies, Inc.
6.1.10 Tableau Software, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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