India Analytics Market to be Dominated by the South Region until 2029
The sudden spurt of e-commerce companies is driving the growth of the
analytics market in India.
According to TechSci Research report, “India
Analytics Market - By Region, Competition Forecast and Opportunities, 2029”, the
India analytics market is expected to register robust growth during the
forecast period 2025-2029. The analytics
market in India is growing at a fast pace, with companies and startups offering
analytics services and products catering to various industries. Different
sectors have seen different penetration and adoption of analytics, due to which
the India analytics market is expected to increase during the forecast period.
Additionally, the increasing use of analysis
tools for applications such as predicting and forecasting trade markets,
healthcare data, research analysis, and traffic trend forecasting is expected
to drive the analytics market growth. The application of analytics in demand
forecasting can assist organizations make informed decisions and increase
profits. In recent years, government agencies and various industries such as
banking, e-commerce, and IT services have made significant investments in big
data and business intelligence tools, which is fueling the industry demand.
Furthermore, the e-commerce industry has
improved customers' conventional purchasing experiences. The most crucial elements
in boosting a company's sales are customer service analysis and email campaigns
specifically designed for online/social media advertising. Retailers are
concentrating on real-time research of consumer buying behavior due to the
rising popularity of connected gadgets. Real-time analytics may also be
utilized to provide unique offers that will keep customers longer.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "India Analytics Market.
India
analytics market is segmented into component, verticals, type, organization
size, and region. Based on component, the market is segmented into services and
software. Based on verticals, the market is segmented into BFSI, e-commerce,
healthcare, IT & telecom, and others. Based on type, the market is
segmented into business analytics, CRM analytics, supply chain analytics, risk
analytics, and location analytics. Based on organization size, the market is
segmented into large-sized companies, mid-sized companies, and startups. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among north, east, west, and south.
Based on region, the south region dominate in
the India analytics market in 2023 because here, Bengaluru continues to lead as
the center of analytics and enterprises and derives approximately 29.4% of the
revenues. Moreover, Chennai has the potential to emerge as the data analytics
hub of India because Chennai has ecosystem comprising multi-service companies, pure-play
analytics companies, Global Capability Centers (GCCs) with significant focus on
analytics, and many educational institutions offering data science and business
analytics programs.
Based on organization size, large-sized
companies dominate in the India analytics market in 2023 due to the abundance
of consumer data, reasonable financial restrictions, and the availability of
highly qualified data analysts and data scientists. Small and medium-sized
businesses (SMEs) are emerging as a very profitable market category that is
steadily expanding its market size amid fierce competition. They will have an
edge in the future due to their quickly expanding numbers, unique approaches to
working with industry professionals, and other factors.
Based on verticals, BFSI segment dominates in
the India analytics market in 2023. The segment's expansion may be ascribed to
the ongoing usage of data analytics for identifying fraudulent transactions,
streamlining procedures, and controlling data hazards. In the recent past, the
IT & telecommunications category also held a sizable market share. The
category is expanding because of the rising demand for collaboration
technologies like web conferencing and video conferencing.
Based on type, business analytics dominate in
the India analytics market in 2023 because business analytics has recently
received significant attention across many sectors. With so much data
floating around in every area of a business such as marketing, sales,
finance, and social media. It is crucial to analyze and comprehend the data to
improve business choices and market growth.
Key market players in the India analytics market
include:
- Tata
Consultancy Services
- Wipro
Limited
- Infosys
Technologies Private Limited
- Capgemini
Technology Services India Limited
- Tech
Mahindra Limited
- Hexaware
Technologies Ltd.
- Accenture
India Private Limited
- IBM
India Private Limited
- Microsoft
Corporation India Pvt. Ltd.
- Mu Sigma Inc.
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“India has seen a significant digital
revolution because of the growing use of cellphones, the internet, and
electronic payment systems during the previous ten years. The quantity, speed,
and diversity of data produced by both corporations and consumers have
increased dramatically because of this. As a result, businesses in India are
increasingly relying on big data and analytics to sort through this sea of
data, understand consumer preferences and behavior, and spur corporate
expansion. All these factors suggest that the India analytics market will
expand throughout the anticipated era.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Analytics Market Segmented By
Component (Services, Software), By Verticals (BFSI, E-Commerce, Healthcare, IT
& Telecom, Others), By Type (Business Analytics, CRM Analytics, Supply
Chain Analytics, Risk Analytics, Location Analytics), By Organization Size
(Large-Sized Companies, Mid-Sized Companies, Startups), By Region, Competition,
Forecast and Opportunities, 2029”
has assessed the India analytics
market's future development potential and provides data and information on
market size, structure, and projected market growth. The report's goal is to
give current market knowledge and assist decision makers in making informed
investment decisions. Furthermore, the study identifies and analyses emerging
trends, as well as key drivers, constraints, and opportunities in the India analytics
market.
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