(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Performance Analytics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Performance Analytics Market products.
Kenneth Research has published a detailed report on Performance Analytics Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Global Performance Analytics Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 5.65 billion by 2025, growing at a CAGR of 18.68% from 2017 to 2025.
Performance analytics utilizes technology and data to study the performance of an identity and measure periodic improvements based on desired results. Performance Analytics enables organizations to seamlessly transform to a goal-oriented business culture with an easy-to-use, integrated application designed for reporting and analyzing business performance. Benefits of performance analytics include – realize fast-time-to-value, maximizes return on investment, deliver automation and self-service, prioritize resources, lower cost of services, improve availability and quality of service, and align the organization with company goals.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Adoption of advanced vendors offerings
1.2 Growing demand for cloud-based performance analytics solution
1.3 Increasing advancements in computing power
1.4 Growing need to generate insights from rapidly rising volume of data
1.5 Increasing need for metric driven business performance assessment
2. Market Restraints
2.1 Lack of technical expertise for analytics
2.2 Poor knowledge about impacts of performance analytics
2.3 Positive return on investment concerns
Market Segmentation:
The Global Performance Analytics Market is segmented on the analytics type, organization size, component, deployment model, application, vertical, and region.
1. Analytics Type:
1.1 Descriptive analytics
1.2 Predictive analytics
1.3 Prescriptive analytics
2. Organization Size:
2.1 Large Enterprises
2.2 Small and Medium Organizations
3. By Component:
3.1 Software
3.2 Services
3.2.1 Managed services
3.2.2 Professional services
3.2.2.1 Support and maintenance services
3.2.2.2 Consulting services
4. By Deployment Mode:
4.1 Cloud
4.2 On-premises
5. By Application:
5.1 Employee performance analytics
5.2 Sales and marketing performance analytics
5.3 Financial performance analytics
5.4 Engineering and R & D performance analytics
5.5 Supply chain performance analytics
5.6 IT operations performance analytics
6. By Vertical:
6.1 Healthcare
6.2 Government and Defense
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Construction and Engineering
6.6 Retail and e-commerce
6.7 Energy and Logistics
6.8 Others
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Siemens AG
2. SAS Institute, Inc.
3. IBM Corporation
4. SAP SE
5. Optymyze
6. Xactly Corporation
7. Callidus Software Inc.
8. Oracle Corporation
9. Servicenow, Inc.
10. Adaptive Insights
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Request For Full Report:
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Performance Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
Contact Us
Kenneth Research
Email:
Phone: +1 313 462 0609
Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
MENAFN27092021004545010068ID1102867797
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.