Southeast Asia Data Analytics and Business Intelligence Market Booms with 7.25% CAGR Forecast for 2023-28
Southeast Asia Data Analytics and Business Intelligence Market Insights Report Overview
According to the latest market study by MarkNtel Advisors titled “Southeast Asia Data Analytics and Business Intelligence Market Industry Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
Southeast Asia Data Analytics and Business Intelligence Market Overview:
The Southeast Asia Data Analytics and Business Intelligence market is projected to grow at a CAGR of around 7.25% during the forecast period, i.e., 2023-28.
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Southeast Asia Data Analytics and Business Intelligence Market Growth Opportunity:
Government-led Initiatives for Digitalization to Amplify the Demand – The government of countries like Vietnam, Indonesia, etc., are essentially focusing on boosting the advanced economy of the nation by creating the framework of the country & by empowering digital innovations such as artificial intelligence (AI), the internet of things (IoT), etc., in both the open & private segments. Digitalization across the region would help the government to streamline its services & improve their accessibility for the citizens of the country, thereby enhancing the delivery of public & private services & improving citizen engagement in the country. In 2018, the government of Indonesia launched an initiative, ‘Making Indonesia 4.0,’ to develop automated manufacturing units & digital technologies by 2030.
Competitor Insight: Southeast Asia Data Analytics and Business Intelligence Market
This report focuses on major market participants like:
- Altair Engineering Inc.
- Microsoft Corporation
- Alteryx, Inc
- IBM Corporation
- Sisense Inc.
- SAP SE
- FICO
- Oracle Corporation
- Salesforce Inc.
- Equifax, Inc.
- TransUnion
- Zoho Corporation Pvt. Ltd.
- Mu Sigma
- QlikTech International AB
- Others (Dell Technologies, ThoughtSpot Inc., etc.)
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Segmentation Summary: Southeast Asia Data Analytics and Business Intelligence Market
This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Southeast Asia Data Analytics and Business Intelligence Market, with notable highlighting on:
-By Deployment
- On-premises
- Cloud
The numerous benefits like flexibility, scalability, and easy operability offered by the Cloud over conventional on-premise deployment have led the cloud-based segment to acquire a notable share in the historical years. Cloud-based deployment works with an internet connection, thus the surging 4G connection across the region & faster internet speed in the countries like Singapore & others are propelling the end-user industries like IT & telecom, BFSI, etc., to opt for cloud-based deployment.
Along with it, the cloud-based deployment involves third-party involvement, as a result, the end-user organizations do not have to hire additional staff to analyze the data. This minimizes the need for an organization to manage hardware or complex IT infrastructure. Therefore, the companies opt for this deployment, further enhancing the market share of this segment.
-By Components
- Data Analytics
- Business Intelligence
-By Enterprise Size
- Small & Medium
- Large
-By Industry Vertical
- Healthcare & Lifesciences
- E-commerce and Retail
- IT and Telecom
- BFSI
- Hospitality
- Others (Media & Entertainment, Manufacturing, etc.)
-By Application
- Data Analytics
- Business Intelligence
Southeast Asia Data Analytics and Business Intelligence Market Geographical Reach:
- Philippines
- Singapore
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Rest of Southeast Asia
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the Southeast Asia Data Analytics and Business Intelligence market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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