The need for applications which help to maintain customer records of previous transactions and individual sales count of inventory for future reference purposes is propelling the demand for retail analytics market, according to a market intelligence report published by IndustryARC.The report further estimates that the retail analytics market was valued at $4.56 billion as of 2018. The market will acquire a noticeable demand from e-commerce websites and will experience growth with an outstanding compound annual growth rate (CAGR) of 20.97% during the forecast period of 2019-2025.

The report is titled “

Retail Analytics Market: By Analytics (Predictive, Omni channel, Location, Big Data and IOT); By Function (Marketing Sales, Risk Management, Supply Chain, Employee Engagement, Customer Analytics and Finance & Executive Management) - Forecast (2019-2025).” It includes all the factors which are driving the growth of the industry and explains about opportunities that exist in the market, along with showcasing the latest innovative trends.

Global Retail Analytics Market: Demand Analysis

Retail analytics is a process of providing analytical data on inventory levels, supply chain movement, customer demand, and sales which are crucial for making marketing and procurement decisions. These analytics form a reliable base using which stocks can be purchased, sold and maintained. Since this performance intelligence process is entirely automated and formulated via machines, it is very reliable in nature and is now being adopted by every other firm operating both in high stakes and low stakes market spaces. Thus retail analytics are fulfilling the need for a methodological approach of customer data maintenance.

Global Retail Analytics Market: Leading Segments

North America led the geographical segment in retail analytics market with 35.32% demand share in 2018 as the levels of digital penetration all across the country is very high due to the development which has taken place in the last decade. Retail analytics are observed to be highly adaptable by firms in the form of online applications. In North America, there are multiple firms working towards full-scale adoption of online technology tools to make their work easier in individual customer identification and per sale ratification.

The number of companies which are interested in investing in retail analytics market are growing owing to the increasing number of smart internet applications which are available out in the open markets now. Also, certain supply chain management tasks such as moving merchandise is one of the more efficient goals made possible by the use of retail analytics processes. The growth of retail analytics market is superlative with the application CAGR of online retail analytics tools evaluated to be 26.37% during the time period of 2019-2025.

Global Retail Analytics Market: Disruptive Trends

Stock management techniques used by companies worldwide have already been influenced by global retail analytics market. There are other trends as well which are at play when it comes to global retail analytics market such as:

•

Growing Internet Penetration
As we have reached the vision of global village as was defined by Marshall McLuhan already, we can see internet encompass a wide array of applications to serve different uses. Many of these applications help even the most basic of end users to perform their business efficiently thus helping them scale up. By making use of the enormous data which is localized across servers around the world, retail analytics market is heading towards considerable growth in the future.

•

Increased Use of Data-Intensive Platforms
Data these days has attained enormous power in human life. From enlightening customers regarding purchase decisions to helping them differentiate between two choices of commodities, information is all around us. Due to advancements in technologies such as big data, more amount of data is now being stored online thus elevating the level of crucial data access anywhere and anytime. As customers are now very much familiar with the use of these data-intensive platforms, it comes as a no surprise that demand for retail analytics tools by the businesses is gaining traction.

•

Rapid Adaptation of Social Media
We can now see that everyone is now active on social media during one time of the day or other. The scale of adoption of social media has been exponential especially over the past decade. This is not only helping customers grow wiser about their purchase decisions but is also permitting businesses to sense its customers better and deliver better quality goods and services.

Global Retail Analytics Market: Competitive Landscape

Companies working in the domain of retail analytics and having decent progress are listed as 1010data , Angoss Software, BRIDGEi2i, Capillary Technologies, Diaspark, FLIR Systems, Fujitsu, GainInsights Solutions, Happiest Minds, Information Builders, IntelliVision, IBM, LoyaltyOne, Manthan Software Services, Microsoft, MicroStrategy, Oracle, QBurst, Qlik Technologies, RetailNext, SAP, SAS Institute, Trax, Visual BI Solutions and Zebra Technologies.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15357

Related Reports:

A. Big Data Analytics In Retail Market
https://www.industryarc.com/Research/Big-Data-Analytics-In-Retail-Market-Research-502476

B. IoT In Retail Market
https://www.industryarc.com/Report/16316/iot-in-retail-market.html

C. Retail Automation Market
https://www.industryarc.com/Report/15043/retail-automation-market.html

What can you expect from the report?

The retail analytics market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data 12. Country level Analysis

3. Manufacturer Landscape 13. Competitor Analysis

4. Distributor Landscape 14. Market Shares Analysis

5. Pricing Analysis 15. Value Chain Analysis

6. Top 10 End user Analysis 16. Supply Chain Analysis

7. Product Benchmarking 17. Strategic Analysis

8. Product Developments 18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

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Market Highlights

Global healthcare analytics market expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 12,126.70 million in 2018 and is projected to grow at a CAGR of 27.1% over the forecast period.

The global healthcare analytics market is growing at a rapid pace, the major factors influencing the growth of the market include; increasing penetration of information technology in the field healthcare, better treatment plans in collaboration with pharmaceutical organizations, increasing availability of low-cost technology, and increasing use of EHR/EMR and clinical decision support system CDSS.

There have been increasing technological advancements in the past decade, and now this technology is available at a low cost. The technology including Cloud, SaaS and IaaS, and various others are proving to be a great advantage for the healthcare industry. These low-cost technologies have been putting economic and scalable tools into the hands of care providers. Furthermore, from data and analytics, the technology is also providing better transparency, making it feasible for payors and regulators to use healthcare analytics. The rising access to accurate data has already encouraged more than 70% of payors in the US to interchange to outcome-based plans.

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Regional Analysis

Geographically the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Geographically, the Americas is anticipated to dominate the global healthcare analytics market owing to presence of well-established players in the, well-established penetration of information technology in the field of healthcare, for instance, according to reports by the Centers for Disease Control and Prevention in 2017, approximately 86.9% of the hospital-based physicians used the EMR/EHR system. This growing inclination towards healthcare IT to offer efficient care and rising government initiatives would fuel upmarket growth during the forecast period. However, the Asia-Pacific region is expected to grow at the fastest growth rate. The major factors influencing the growth of the in the region include; increasing need to reduce medical errors is driving the growth of the healthcare analytics market. An increasing number of new vendors involved in healthcare analytics is also expected to drive the growth of the market over the forecast period. 

Segmentation

The global healthcare analytics market has been segmented into type, component, delivery model, application, and end user.

Based on type, market segmented into descriptive analytics, predictive analytics, prescriptive analytics, and cognitive analytics.

Based on component, market segmented into software, hardware, and services.

Based on delivery mode, market segmented into on-premise and on-demand.

Based on application, the healthcare analytics market is segmented into Financial Analytics (Claims Processing, Revenue Cycle Management (RCM), Payment Integrity & Fraud, Waste, and Abuse (FWA), Risk Adjustment & Assessment), Clinical Analytics (Quality Improvement & Clinical Benchmarking, Clinical Decision Support (CDS)), operational & administrative analytics, population health analytics

Based on end user, healthcare analytics market segmented into Payers (Private Insurance Companies, Government Agencies, Employers and Private Exchanges), Providers (Hospitals & Clinics, Post-Acute Care Organizations, Ambulatory Settings), and others.

Key Players

Some of the major players operating in the global healthcare analytics market are SAS Institute Inc., Cerner, Allscripts Healthcare Solutions, Citiustech, Health Catalyst, McKesson, Optum, Oracle, IBM, SCIO Health Analytics, Vitreoshealth, Wipro, Inovalon, Cotiviti, Medeanalytics, and others.

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May 24, 2019: The speech analytics market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to witness a robust growth exceeding a CAGR of 10% over the forecast period. This growth is ascribed to the increasing emphasis by organizations on improving the market intelligence capabilities along with the growing prominence of voice in the multi-channel world.

The number of contact centers is increasing, resulting in industry players to innovate speech analytics solutions, which help companies understand the changing customer requirements. The technology has been increasingly adopted in consumer electronics devices, including laptops, smartphones, and tablets, as it significantly increases the enterprise's scope as well as improves performance. This, in turn, has resulted in elevating adoption of speech analytics solutions worldwide. In addition, upcoming technologies, such as voice print authentication, are estimated to spur growth over the coming years.

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Furthermore, the rising demand for risk management solutions and cloud analytics is also anticipated to favorably impact growth over the next nine years. These solutions offer several growth opportunities as this solution helps optimize performance and enhance customer experience. However, issues pertaining to lack of awareness and rise in cost may pose a challenge to the speech analytics market growth in the near future.

Further key findings from the report suggest:

The service segment is anticipated to grow at a CAGR exceeding 8.0% from 2016 to 2025, which is attributed to the wide product and solution portfolio offerings by service firms operating in the market.

View summary of this report @ https://www.radiantinsights.com/research/speech-analytics-market

The cloud-based deployment segment captured over 25.0% of the total revenue share in 2015 and is anticipated to exhibit growth of over 9.0% from 2016 to 2025, primarily ascribed to the cost benefits and improved performance offered by cloud over the on-premise solutions, along with the increasing adoption of cloud analytics in contact centers.

Speech analytics allows organizations to work on unstructured data obtained through customer interactions to enhance customer experience and gain a competitive advantage on account of which the small & medium-sized enterprise segment is expected to gain prominence over the forecast period.

The telecommunication segment accounted for a significant market share in 2015, capturing over 15% of the entire revenue share in the same year, which is majorly due to the integration of speech analytics into enterprise systems to enhance efficiency as well as customer experience.

Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 12.0% over the forecast period, which is mainly on account of rapid industrialization, and since, organizations have become more competitive and are focusing on better customer service.

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Global Identity Analytics Market is valued approximately USD 246 million in 2017 and is anticipated to grow with a healthy growth rate of more than 30% over the forecast period 2018-2025. Growing demand to secure devices and users from unauthorized access, rising number of identity thefts and increasing demand for mobility solutions is expected to drive the growth of the market identity analytics market over the forecast period. However, the growth across global identity analytics market face a key challenge including, lack of awareness for increasing and sophisticated security risks.

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The report on global identity analytics market includes component, application, deployment mode, organization size and industry vertical segments. Component includes solution and services, application segment is categorized into account management, customer management, fraud detection, GRC management identity and access management and others. In addition, deployment mode is further categorized into on-premises and cloud organization size includes small and medium-sized enterprises and large enterprises, industry vertical segment is divided into banking, financial services, and insurance, government and defense, IT and telecom, energy and utilities, manufacturing, retail, healthcare and others. The regional analysis of Global Identity Analytics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading market region for global Identity Analytics Market in terms of market revenue share. Factors such as emerging market players and early adoption of identity analytics solutions are promoting the growth of the market.

The leading market players mainly include-

Oracle 
    Verint Systems 
    Logrhythm 
    Happiest Minds 
    Gurucul 
    Quantum Secure 
    Hitachi ID Systems 
    Sailpoint Technologies 
    Centrify 
    Prolifics

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Component: 
 Solutions 
    Services 
    Professional Services 
    Managed Services 

By Application: 
Account Management 
    Customer Management 
    Fraud Detection 
    GRC Management 
    Identity and Access Management 
    Others 

By Deployment Mode: 
On-Premises 
    Cloud 

By Organization Size: 
Small and Medium-Sized Enterprises 
    Large Enterprises 

By Industry Vertical: 
Banking, Financial Services, and Insurance 
    Government and Defense 
    IT and Telecom 
    Energy and Utilities 
    Manufacturing 
    Retail 
    Healthcare 
    Others 

By Regions: 
    North America 
    U.S. 
    Canada 
    Europe 
    UK 
    Germany 
    Asia Pacific 
    China 
    India 
    Japan 
    Latin America 
    Brazil 
    Mexico 
    Rest of the World 

Furthermore, years considered for the study are as follows: 
Historical year - 2015, 2016 
Base year - 2017 
Forecast period - 2018 to 2025 

Target Audience of the Global Identity Analytics Market in Market Study: 
Key Consulting Companies & Advisors 
    Large, medium-sized, and small enterprises 
    Venture capitalists 
    Value-Added Resellers (VARs) 
    Third-party knowledge providers 
    Investment bankers 
    Investors

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