Awesome Things You Can Learn From Studying Analytics Market Size.
The
global analytics
market size is expected to grow at a CAGR of 14.61% during the forecast
period. Based on end-user, the global analytics market
has been segmented into BFSI, manufacturing, retail, healthcare, and others.
Major
factors driving the global analytics market
in the BFSI sector include complete digitization of core processes, adoption of
customer-centricity, and generation of a huge amount of content across the
sector. The BFSI sector uses analytics software and services for applications
such as customer analytics, financing, risk management, sales management, web
analytics, and HR management. Content management is the key to achieve a
competitive advantage in the market.
Additionally,
increased focus on the improvement of customer service across platforms and
regions, superior workflow by automation of core and allied activities with
transaction ranging from deposits to lending and leasing, reduction of
processing costs while attaining operational competence, and supervisory
compliance drive the BFSI segment, which, in turn, contributes to the growth of
the global analytics market
size during the forecast period.
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