Performance analytics can be explained as the methodology by which an organization can line up their resources to achieve operational as well as performance goals. The benefits of implementing performance analytics are quality assurance and strategizing objectives of the organizations in order to cut down operational costs.
The reasons contributing to the growth of performance analytics market are increasing need to meet deadlines, increasing demand for improvement of resources, increase in overall quality and to generate insights from increasing volume of data.
However, issues related to security, privacy and error prone databases are the factors hindering the growth of the performance analytics market. Various analytical solution are being used nowadays such as web analytics, data analytics among others. Therefore, performance analytics is expected to grow fast during the forecast period.
Geographically, North-America accounted for the largest market share in the global performance analytics market, whereas Asia-Pacific is expected to grow significantly over the forecast period.
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Major key players
The key players in the global performance analytics market include Siemens AG (Germany), Adaptive Insights (U.S.), Xactly Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), Optymyze (U.S.), Callidus Software, Inc. (U.S.), IBM Corporation (U.S.), Service Now, Inc (U.S.), among others.
The global performance analytics Market is expected to reach approximately USD 4 billion by the end of 2022 with 20% CAGR during forecast period 2016-2022.
Market Research Future Analysis
The global performance analytics market is expected to grow significantly. The market is highly application basis. Retail and BFSI segment of performance analytics market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
North-America accounted for the largest market share because of technological advancements, increasing demand by various sectors, large investments by developers for cloud based solutions and increasing number of large players.
However, Asia-Pacific region is expected to grow over the forecast period, 2016-2022. The reason of this growth is attributed to rapid digital transformation in various countries such as China and increasing demand for performance analytics solution by small & medium scale enterprises.
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Table of Content
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
LIST OF TABLES
TABLE 1 GLOBAL PERFORMANCE ANALYTICS MARKET, BY COMPONENT
TABLE 2 GLOBAL PERFORMANCE ANALYTICS MARKET, BY APPLICATION
TABLE 3 GLOBAL PERFORMANCE ANALYTICS MARKET, BY DEPLOYMENT
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL PERFORMANCE ANALYTICS MARKET, BY COMPONENT (%)
FIGURE 3 GLOBAL PERFORMANCE ANALYTICS MARKET, BY APPLICATION (%)
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