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Embedded Analytics Market Analysis

The Embedded Analytics Market size is estimated at USD 68.88 billion in 2024, and is expected to reach USD 132.03 billion by 2029, growing at a CAGR of 13.90% during the forecast period (2024-2029).

Embedded analytics is a BI and analytics solution aimed at end users that are integrated into company software programs. Embedded analytics is a component of the intrinsic application rather than a platform-independent service. This study enables users to work with higher-quality data and generate reports quickly.

• The primary factors driving the embedded analytics market are big data and the Internet of Things (IoT) expansion in businesses, the dependability of mobile devices and cloud technologies, and the rising demand for data analytics integration with business applications.
• In addition, the increase in volume and variety of data and the growing demand for IT systems for financial transactions in banks and other financial institutes are also driving the need for embedded analytics.
• An increase in big data applications would significantly contribute to the acceptance of embedded analytics. Thus, there has been consistent growth in big data and analytics solutions' revenue in recent years.
• However, high replacement costs and legacy systems are incompatible with new APIs, which increases the risk of data insufficiency, which is expected to hamper the market revenue growth during the forecast period.
• The market report finds that the COVID-19 pandemic created growth opportunities for the market as Online shopping, food ordering, and digitized payment methods provided a data pool to businesses. Embedded analytic tools provided companies with data trends and insights during COVID-19 through the generated digitized data, which boosted market growth.

Embedded Analytics Industry Segmentation

Embedded analytics is a business intelligence and reporting that is integrated directly into a business application or platform. Embedded analytics integrates reports, dashboards, and data visualizations straight into daily user workflows and displays the analytics users need to see inside their application.

The Embedded Analytics Market is segmented into Solution (Software and Services), Size of Organization (Small and Medium Enterprises, Large Enterprises), Deployment (Cloud, On-Premises), End-user Vertical (BFSI, IT and Telecommunications, Healthcare, Retail, Energy and Utilities, Manufacturing), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.