Latest published report on the Business Analytics market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027. The report is based on an extensive study supervised by adept analysts. Their sound knowledge and expertise in the field help in unearthing of factors and figures. The report is fulfilled with a volume-wise and value-wise analysis.

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Business analytics is the practice of methodical and interactive exploration of data with an emphasis on statistical analysis. It is used by companies in order to facilitate in a more data-driven decision making process. Business analytics process is depends on the quality of the data as well as skill of the analyst who understand the business.

Market Drivers
Rise in adoption of business analytics in various sectors such as BFSI, Energy & Power, Healthcare, Manufacturing, Retail, IT & Telecommunication is the key driving factor which is expected to boost the global business analytics market growth. Furthermore, increase in investments in business intelligence and analytic tools by various enterprises will have the positive impact on market growth. Moreover, increase in demand for cloud based analytics will fuel the market growth during this forecast period. Ability of business analytics offers better & faster decision making and provide competitive advantage by analyzing and acting upon information in a timely manner which expected to drive the market growth.

Market Restraints
However, high investment cost is the major challenging factor which is expected to hamper the global Business analytics market growth. Also, incompatibility between tools having cross- organizational capabilities will affect the market growth.

Market Key Players
Various key players are discussed in this report such as Oracle Corporation, IBM, SAP SE, Microsoft Corporation, Tibco Software, Inc., SAS Institute, Inc., INFOR, and Microstrategy Incorporated

Market Taxonomy
By Software
• Query Reporting & Analysis Tools
• Advanced & Predictive Analytics
• Location Intelligence
• Content analytics
• Data Warehousing Platform
• Enterprise Performance Management
By Deployment
• On-Premise
• Cloud-Based
• Others
By End User
• BFSI
• Energy & Power
• Healthcare
• Manufacturing
• Retail
• IT & Telecommunication
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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