Software Analytics Market Size In 2022 : Top Countries Data with CAGR Value, Global Industry Brief Analysis

Posted by Animesh Rao on July 19th, 2022

Market Overview

Software analytics is a study of data analytics that helps to monitor, predict, and improve the software development processes. It primarily focuses on software systems, software users, and other developments. It involves implementing application information to improve operational performance, IT investment decisions, and customer outcomes. The usage of software analytics and intelligence in IT sectors includes a deep analysis of software artifacts.

The Software Analytics Market is estimated to register a value of USD 11.5 Billion and a CAGR value of 10 % by 2023 during the forecast period.

The growth of industries and IT sectors is highly demanding software analytics services. The prominent market drivers are accelerating the Software Analytics Market growth. The growth of business competitors and their demand for advanced software analytics are driving the market. It was noticed that the BFSI sector for the vertical section is witnessing the largest market share.

The Software Analytics Market is enhancing globally due to the better facilitation of comprehensive and flexible solutions in various business sectors as per their demand. The rise of technological advancements and software intelligence is propelling the demand for software analytical solutions.

The pandemic period has shown a worse impact on various markets, and the Software Analytics Market has also noticed a tough situation in this period. The fall of the market's growth has negatively impacted the growth rate. The usage of software analytics by the business sectors was reduced, and the market's demand got suppressed. But in the further days of the pandemic, the market's demand increased as the business started to implement advanced software technologies to improve their business standards and recover the loss they faced during the pandemic. Therefore, the market maintained its growth consistency. In the future, the market will notice significant growth due to its higher demand.

Market Segmentation

The Software Analytics Market is segmented based on services, deployment, organization size, vertical and end-users. The service segment is divided into various services such as professional service, support, and maintenance services. The deployment section includes on-premise and cloud-based.

The organization size has small and medium enterprises and large enterprises. The vertical segment of the market is bifurcated into BFSI, Government and Defense, IT and Telecommunication, travel and hospitality, media and entertainment, retail, healthcare, manufacturing, and others.

The Software Analytics Market is classified into various end-users such as investors and consultants, system integrators, government organizations, technology solution providers, research and consultancy firms, IT solution providers, etc.

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Regional Analysis

According to the geographical updates, the Software Analytics Market has shown its growth in various regions worldwide, such as the Asia Pacific, Europe, North America, and the rest of the world.

Among the above continents, the North American region is noticed as the dominating one with the highest market share due to the higher rate of technological advancement in various business sectors. The presence of prominent industrial players is also driving the region. The others regions of the are even noticing good growth rate.

In May 2021, a digital business company, Telefonica Tech, collaborated with Microsoft. Their agreement includes Telefonica's 5G connectivity service and Microsoft Edge Computing capabilities to enable industrial processes for driving digital transformation.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

Continued...