32% of Growth to Originate from APAC for Data Analytics Market|Evolving Opportunities with Amazon Web Services Inc., International Business Machines Corp. & Microsoft Corp. |17000+ Technavio Reports
NEW YORK, Dec. 24, 2021 /PRNewswire/ -- 32% of the growth will originate from APAC for the data analytics market. China and India are the key markets for data analytics in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The data analytics market size is expected to increase by USD 196.47 billion from 2021 to 2026, registering a CAGR of 13.54%, according to the latest research report from Technavio.
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The data analytics market covers the following areas:
The report on the data analytics market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report identifies the extensive use of modern technology in company operations as one of the major factors driving the growth of the market. However, factors such as the integration of data from different sources may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
The Data Analytics Market is segmented by Component (services, software, and hardware) and Geography (North America, Europe, APAC, MEA, and South America). The data analytics market share growth by the services segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the data analytics market size and actionable market insights on each segment.
Few Companies Mentioned with Key Offerings
The data analytics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The data analytics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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