Business Analytics Market worth $66,719.8 Million by 2019
Business Analytics Market is at its growing stage and is expected to rise exponentially due to the enhancement of technology in this sector. Today, companies are demanding real-time data based solutions for the analyzing each and every factor influencing the business. There can be seen increase in demand for the analytics by the organizations due to the rising big data trend, rapidly changing business environment and customer preferences. Thus organizations are in need to analyze the huge volume of data generated by the daily activities of customers, business processes, and every resource of the organization, in order to detect and reduce the chances of failure, optimize operations cost effectively and provide better customer services. Furthermore, the increasing demand among the large enterprises as well as SMB’s is also helping BA market to progress with an explosive growth rate. These solutions are gaining traction in various industry verticals such as BFSI, energy and utilities, education, healthcare, manufacturing, media and entertainment, retail, telecom and IT followed by other verticals.
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