San Francisco, California, October 10, 2018: A recent report by TMR Research, titled, “Performance Analytics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” finds that competition is stiff in the market because of the presence of numerous players trying to outshine one another. They are seen providing tailor-made software and services in their constant quest to improve their customer base.
The global performance analytics market is predicted to rise impressively in the next couple of years because of the industries being upgraded almost everywhere. This is because performance analytics combines technology and data to gauge performance against the pre-set parameters. The results are then compared against desired or ideal ones. Sectors such as banking and finance, manufacturing, healthcare, supply chain management, and operations are seen adopting performance analytics at a swift pace.
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Further, rise of newer vendor offerings such as cloud based performance analytics solutions is also benefitting the market. With cloud-based software, vendors can track performance and offer analytics on the run-time.
From a geographical standpoint, North America currently holds a prominent position in the global performance analytics market. This is because of the large-scale investments in cloud solutions in the region, particularly in Canada and the U.S. Another reason why the North America market accounts for a leading share is because of the early uptake of latest technologies in the region.
In the near term, Asia Pacific is predicted to emerge as a lucrative region in the global performance analytics market because the rising tertiary sector. With banking, finance, and insurance sector, healthcare sector, and manufacturing sector flourishing in the region, especially in China, India, Thailand, Singapore, Malaysia, and Japan, the demand for performance analytics is set to rise.
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Key players in the global performance analytics market that have been profiled in the report are Siemens Inc., Servicenow, Inc., International Business Machines Corporation, SAP SE, Adaptive Insights, and Oracle Corporation.