Australia Data Analytics Market to Grow at 20% until 2025
Rising awareness among
organizations about generated data and growing usage of internet are driving
the growth of the Australia data analytics market
According to
TechSci Research report, “Australia Data Analytics Market By Component, By Deployment, By Organization Size, By End-User
Industry, By Region, Competition, Forecast & Opportunities, 2025”, Australia data
analytics market is anticipated to register a CAGR of 20% during 2020 - 2025.
Data analytics is defined as the science of collecting, transforming and
analyzing raw data to extract the useful information. Data analytics helps
organizations in detecting fraud, improving productivity, reducing risk,
improving customer experience & satisfaction, taking quick actions on
emerging market trends, gaining competitive advantages over other industry
players, etc. The growth in data analytics market will be accredited to various
factors such as need to enhance the business efficiency coupled with growing utility
of IoT analytics, big data analytics and SaaS-based analytics in numerous
end-user industries like BFSI, Government & Defense, Retail & E-commerce,
IT & Telecom and others.
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Data Analytics Market"
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Australia data
analytics market can be segmented based on component, deployment, organization
size, end-user industry and region. In terms of end-user industry, the market
can be segmented into BFSI, Government & Defense, Retail & E-commerce,
IT & Telecom, Others. Among them, IT & Telecom segment dominated the
market until 2019 and is forecast to maintain its dominance during the next
five years as well, based on the technological advancements and development. Predictive
analytics is a part of data analytics which uses historical and present data as
well as statistical tools and multiple algorithms to identify the likelihood of
the future outcomes. Predictive analytics offers multiple benefits such as
detecting fraud, improving efficiency, reducing risk, etc., thereby, fueling
the growth of the market. Therefore, Predictive Analysis would play a vital
role in growing the market through IT & Telecom segment. Based on
Deployment, Demand of cloud-based data analytics is increasing on the back of
exponential rise in the amount of data generated by organizations, which
significantly increases the data complexity and cost of scaling. Cloud
deployment mitigates these challenges by lowering the total cost of ownership,
increasing flexibility and on-demand scalability, which is driving the market
for data analytics in Australia.
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SAS Institute
Australia Pty Ltd, SAP Australia Pty Ltd, IBM Australia Ltd, SFDC Australia
Pty. Ltd. (Salesforce), Oracle Corp Australia Pty Ltd, Microsoft Pty Ltd, Dell
Australia Pty Ltd, Qliktech Australia Pty Ltd, TIBCO Software Australia Pty Ltd.
and Sisense Australia Pty Ltd. others are the leading players operating in
Australia data analytics market. “Australia data analytics market is anticipated
to grow at formidable rate during the forecast period on account of rising
internet usage and availability of several means to gain access to the
internet, which is leading to massive increase in the volumes of data being produced.
This in turn is estimated to drive the growth of data analytics market in the
country through 2025.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Australia Data Analytics Market By Component, By Deployment, By Organization Size, By End-User
Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of
Australia data analytics market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Australia data
analytics market.
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