- The key vendors in the global business analytics market 2015-2019 are IBM Corp., Microsoft Corp., Oracle Corp., and SAP AG.
London, 3 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global business analytics market 2015-2019. Rapid progress in the advanced analytics market is a key trend observed in this market. Advanced analytics allows companies to predict customer behavior and helps to enhance their business capabilities. It explicitly allows companies to formulate customer-oriented strategies through advertisements. The global business analytics market is expected to grow at a CAGR of 12.65% during the forecast period of 2014-2019.
The inability of traditional business solutions to effectively manage and store data drives the demand for business analytics. Business analytics solutions are cost-effective and provide enhanced solutions for SMEs and large enterprises. Business analytics applications such as supply chain management (SCM), enterprise content management (ECM), and inventory management aid companies by offering insights in a cost efficient manner.
“Mobile information solutions that offer more than just the capability to track performance metrics are being introduced into the market. This is the result of increased mobility in enterprises due to globalization,” says Faisal Ghaus, Vice President of Technavio Research.
“Additionally, some of the employees who are working from remote locations for enterprises are providing work-from-home options to reduce costs and enhance employee morale.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
