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Aug 14, 2019 10:00 AM ET

Product Analytics Market foreseen to reach USD 13.9 billion by 2024, with an impressive CAGR of 15.1%


Product Analytics Market foreseen to reach USD 13.9 billion by 2024, with an impressive CAGR of 15.1%

iCrowd Newswire - Aug 14, 2019

According to a new market research report Product Analytics Market by Mode (Tracking Data, Analyzing Data), Component, End-User (Designers, Manufacturers, Sales & Marketing Professionals, Consumer Engagement), Deployment, Enterprise Size, Vertical, and Region – Global Forecast to 2024″, published by MarketsandMarkets, the product analytics market size is projected to grow from USD 6.9 billion in 2019 to USD 13.9 billion by 2024, at a CAGR of 15.1% from 2019 to 2024.  

Major growth drivers for the market include the growing adoption of big data and other related technologies.

Browse and in-depth TOC on “Product Analytics Market

41 – Tables

35 – Figures

109 – Pages   

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Retail & consumer goods vertical to hold a larger market size during the forecast period

Product analytics in this vertical assist vendor to get a more detailed understanding of consumer needs & attitudes, which helps make faster decisions in day-to-day business, and deliver improved performance. In the vertical, the focus of product analytics is sales in which analytics has a significant impact followed by marketing, finance, and supply chain. Several companies in the vertical are making vast improvements to their internal data and BI system, along with substantial investments in a mix of on-premises and cloud-based analytics that provides flexibility to scale while leveraging the existing IT investment.

Manufacturer’s end-user to lead the market in 2019

Product analytics plays an integral part in manufacturing, planning, warranty analysis, supply chain intelligence, and so on. Customers are demanding quality products at lower prices with faster delivery. Hence, it has become vital for manufacturers to deliver a differentiated experience throughout the entire customer lifecycle.

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North America to hold the largest market size during the forecast period

North America has always been an innovative and competitive ground for every technology. Due to the presence of tech-giants such as Google, Oracle, IBM in this region, technological trends such as Business Intelligence (BI), Artificial Intelligence (AI), Machine Learning (ML), cloud technology, and analytics solutions are observed. Product analytics is used by various industries such as retail, manufacturing, automotive, and healthcare, to analyze the user, enhance the user experience, and offer better service in this region.

Market Players

Major vendors covered in the product analytics market include Google (US), IBM (US), Oracle (US), Adobe (US), Salesforce (US), Mixpanel (US), Piwik PRO (Poland), Amplitude (US), and Heap (Denmark) Plytix (US), Pendo (US),Risk Edge Solutions (India), LatentView (US), and Kissmetrics (US).

Browse Adjacent Markets @ Analytics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

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Contact Information:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441






Keywords:    Product Analytics Market, Product Analytics Market Size, Product Analytics Market Share, Product Analytics Market Growth, Product Analytics Market Applications, Product Analytics Market Research, Product Analytics Market Analysis

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