Analytics Market in India 2015-2019
Analytics helps in understanding customer behavior and anticipates future behaviors by getting meaningful insights from various tools and applications that are required for collecting, managing, and analyzing structured and unstructured data in an enterprise. Various extraction and analytics tools are required to support management decisions and facilitate analysis of these databases. Business analytics software enables enterprises to collect, extract, and analyze data to make better decisions, improve processes, and achieve the desired corporate goals. Its adoption is increasing because of the various benefits it provides such as data management, advanced reporting and analysis, knowledge discovery and decision making, performance management, and presentation and reporting.
TechNavio's analysts forecast the Analytics market in India to grow at a CAGR of 22.80 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Analytics market in India for the period 2015-2019. The Analytics market in India is categorized by two main segments: Software and Services.
TechNavio's report, the Analytics Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Analytics market in India and its growth prospects in the coming years. The report includes a detailed discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Analytics Market in India 2015-2019
TechNavio recognizes the following companies as the key players in the Analytics Market in India: Cognizant Technology Solutions, Genpact, HP Corp., IBM Corp., MU Sigma and TCS.
Other Prominent Vendors in the market are: Absolutdata, Accenture, Adnear, Affine Analytics, BDI Systems, Blueocean Market Intelligence, BRIDGEi2i, Citibank, Dataweave, Dell, eClerx, Evalueserve, EXL, Fintellix, Flutura, Formcept, Fractal Analytics, Germin8, Gramener, HSBC, Idealanalytics, Indix Corp, InRev Systems, JP Morgan Chase, Knowledge Foundry, LatentView, Marketelligent, McKinsey & Company, Nanobi Data Analytics, NettPositive, Nuevera, Opera Solutions, Qubole, Sapieans, Serco, Veda Semantics, Wipro, WNS and ZS Associates.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends upcoming in this market is the emergence of open-source solutions. These solutions are often used in the Education sector by academics and students. The solutions are available free of cost, which enables students to familiarize themselves with the solutions before they enter the workforce.”
According to the report, one of the major growth drivers of the market is the proliferation of a huge volume of data. Today, enterprises have vast quantities of data from different sources such as social media, blogs, and mails.
Further, the report states that implementing analytics is a time-consuming process, which is a major challenge faced by the market. Enterprises first need to identify the business goals and then collect the required data, which is time-consuming.
Cognizant Technology Solutions, Genpact , HP , IBM , MU Sigma , Accenture , Absolutdata, Adnear, Affine Analytics, Blueocean Market Intelligence, BDI Systems, BRIDGEi2i , Citibank, Dataweave, Dell, eClerx, Evalueserve, EXL, Fintellix, Flutura, Formcept, Fractal Analytics,Germin8, Gramener, HSBC, Idealanalytics, Indix Corp., InRev systems , JP Morgan Chase, Knowledge Foundry, LatentView, Marketelligent, Mckinsey & Company, Nanobi Data Analytics, NettPositive, Nuevera, Opera Solutions, Qubole, Sapience , Serco, Veda Semantics,Wipro, WNS, ZS Associates