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Data-driven decision making is a crucial factor for every business as it offers a wide range of opportunities for the business and its overall operations. System of insight technology collects, classifies, converts, and evaluates data by leveraging statistical tools. Hence, it further helps businesses in organizing and optimizing the business processes in a better way.
The global system of insight market revenue is projected to reach over USD 3 billion by 2025. This can be attributed to the growing need for real-time insights to get a competitive advantage. In addition, the growing volume of unstructured data is also boosting the global system of insight market growth.
However, the growing security concerns and lack of skilled professionals are likely to hamper the market growth. Furthermore, the growing adoption of cloud-based solutions is anticipated to be opportunistic for the market.
Key Segments of the Global System of Insight Market
Component Overview, 2018-2025 (USD Million)
Application Overview, 2018-2025 (USD Million)
Industry Vertical Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Million)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
A system of insight is a technology that is deployed by organizations to enhance the customer experience by collecting, categorizing, and analyzing data derived via conventional sources. The growing adoption of smart devices and IoT is driving the demand for a system of insight solutions across numerous businesses and industries. Additionally, the increasing need among organizations to get real-time insights is also anticipated to drive the market growth over in the forecast period.
Component Segments
Based on the component segment, the market is divided into solutions and services. In the year 2019, the solutions segment accounted for the highest market revenue and it is projected to hold the major market share over the forecast period. The growth of this segment is primarily accredited to the increasing need to process and analyze large amounts of data in real-time. On the contrary, the services segment accounted for the highest growth and it is expected to hold its position over the forecast period.
Application Segment
Based on the application, the market is segmented into workforce management, sales, and marketing management, risk and compliance management, customer analytics, operations management, and others. The sales and marketing management segment leads the market growth in 2019 and it is projected to hold its position during the forecast years. On the contrary, the operations management segment accounted for the highest growth and it is expected to hold its position over the forecast period. The market growth of this segment is primarily attributed to the increasing need to derive real-time insights from the data to ensure the efficient functioning of business operations.
Industry Vertical Segment
In terms of industry vertical segment, the market is segmented into BFSI, IT & telecom, healthcare, retail, manufacturing, government & defense, and others. The BFSI segment accounted for the major market share in 2019 and it is expected to do so over the forecast years. The market growth in this segment is mainly accredited to the extensive range applications in the BFSI industry such as electronic transaction monitoring, algorithmic trading, and pre-trade analytics.
The North American region dominated the overall market in 2019 and it is projected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the existence of market giants in this region. However, the Asia-Pacific region is projected to accumulate the highest growth over the forecast period due to the increasing adoption of connected and IoT devices in this region.
The major players of the global system of insight market are SAP, IBM, SAS, Oracle, Tibco Software, GoodData, NGDATA, Striim, Streamlio, and CoolaData. Moreover, the other prospective players in the system of insight market are Plutora, Correlate, INETCO, Signals Analytics, and Radicalbit. The system of insight market comprises well established local as well as global players. Besides, the previously recognized market players are coming up with new and advanced strategic services and solutions to stay competitive in the global market.
Data-driven decision making is a crucial factor for every business as it offers a wide range of opportunities for the business and its overall operations. System of insight technology collects, classifies, converts, and evaluates data by leveraging statistical tools. Hence, it further helps businesses in organizing and optimizing the business processes in a better way.
The global system of insight market revenue is projected to reach over USD 3 billion by 2025. This can be attributed to the growing need for real-time insights to get a competitive advantage. In addition, the growing volume of unstructured data is also boosting the global system of insight market growth.
However, the growing security concerns and lack of skilled professionals are likely to hamper the market growth. Furthermore, the growing adoption of cloud-based solutions is anticipated to be opportunistic for the market.
Key Segments of the Global System of Insight Market
Component Overview, 2018-2025 (USD Million)
Application Overview, 2018-2025 (USD Million)
Industry Vertical Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Million)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Growing volume of unstructured data
4.3.1.2 Growing need for real-time insights to get a competitive advantage
4.3.2 Restraints
4.3.2.1 Growing security concerns and lack of skilled professionals
4.3.2.2 Opportunities
4.3.3.1 Growing adoption of cloud-based solutions
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
Chapter 5 System of Insight Market by Component
5.1 Introduction
5.1.1 Solutions
5.1.2 Services
Chapter 6 System of Insight Market by Application
6.1 Introduction
6.1.1 Workforce Management
6.1.2 Sales and Marketing Management
6.1.2 Risk and Compliance Management
6.1.2 Customer Analytics
6.1.2 Operations Management
6.1.2 Others
Chapter 7 System of Insight Market by Industry Vertical
7.1 Introduction
7.1.1 BFSI
7.1.2 IT & Telecom
7.1.3 Healthcare
7.1.4 Retail
7.1.5 Government & Defense
7.1.5 Manufacturing
7.1.5 Others
Chapter 8 System of Insight Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Customer Targeting
Chapter 10 Company Profiles
10.1 SAP
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 IBM
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 SAS
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Oracle
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Tibco Software
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 GoodData
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 NGDATA
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Striim
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Streamlio
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 CoolaData
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies