Performance Analytics Market Worldwide Industry Analysis, Market Size, Share, Leading Players, Growth, Opportunity and Forecast Till 2026

The Global Performance Analytics Market is estimated to grow at a CAGR of 19.6% during the forecast period 2019-2026. As per the analysis, the Global Performance Analytics Market was valued at $1,568.49 million in the year 2018 and is estimated to reach $6,506.11 million by the end of the year 2026.

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Performance analytics allows organizations to aggregate, track and visualize key performance indicators over time. Performance analytics focuses on maximizing performance and productivity, increasing profits and decreasing operational costs. However, due to high acceptance of cloud-based performance analytics solutions is going to give lucrative opportunities for the Global Performance Analytics Market in the years to come. As per the analysis, the BFSI segment dominated the performance analytics market industry in the year 2018 and is estimated to dominate the market during the forecast period due to increase in digital transformation. Also, along with BFSI, the IT sector is also expected to grow significantly in the forecast period due to increase in the need of performance analytics solution for providing consistent, delivering complete and accurate information to the customers.

Global Performance Analytics Market is growing owing to the need to get more understanding and analysing the huge volume of data for performance of the resources. As Performance analytics solution enables the organizations to establish and track the strategic business goals and offer the senior management the actual insight on the performance. Along with the performance measurement, the Performance analytics solution also helps the businesses in streamlining the operations impacting the revenues, owing this the Global Performance Analytics Market is seeing tremendous growth. Since revenue is dependent on the performance of the resources thereby companies are investing in more in Performance analytics solution resulting in growth of Global Performance Analytics Market.

Segmentation Overview of the Global Performance Analytics Market

The Global Performance Analytics Market is segmented on the basis of Organization size, Application, Deployment, Component and Industry Vertical. These segments are further categorized into various sub-segments to study the market in detail.

Organization Size Segment of the Global Performance Analytics Market is Sub-Segmented into:

  • SMES
  • Large Enterprises

Application Segment of the Global Performance Analytics Market is Sub-Segmented into:

  • Sales & Marketing Performance
  • IT Operations Performance
  • Employee Performance
  • Financial Performance
  • Supply Chain Performance
  • Others

Deployment Segment of the Global Performance Analytics Market is Sub-Segmented into:

  • Cloud
  • On-Premise

Component Segment of the Global Performance Analytics Market is Sub-Segmented into:

  • Service
  • Solution

Industry Vertical Segment of the Global Performance Analytics Market is Sub-Segmented into:

  • Manufacturing
  • Government & Defence
  • IT & Telecom
  • BFSI
  • Retail
  • Healthcare
  • Others

Geographical Overview of the Global Performance Analytics Market

Geographical segment of the Global Performance Analytics Market is Europe (Germany, France, UK and Rest of Europe), Asia Pacific (India, Japan, China and Rest of Asia-Pacific), North America (Canada and U.S.) and LAMEA (Middle East, Latin America and Africa). As per the analysis, the Asia Pacific dominated the Global Performance Analytics Market with 34.8% of the market share in the year 2018 and is estimated to grow at a CAGR of 7% during the forecast period.

Key Players Insights

Prophix Software Inc., Optymyze, Adaptive Insights, Oracle Corporation, SAP SE, IBM Corporation, SAS Institute Inc., Siemens AG, Xactly Corporation, Servicenow Inc. are some of the key players operating in the Global Performance Analytics Market.

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