TechNavio, a tech-focused research firm, has published a new report on the Analytics Market in India, which is expected to grow at a CAGR of 22.80 percent from 2014-2019.
According to the new report, the need to improve efficiency and reduce overall operational costs has become crucial for many organizations in India. Analytics software collects and manages data to optimize the operational performance of an enterprise and helps companies improve the customer experience.
“Business analytics software empowers centralized management of enterprise data to improve the decision-making process, thereby improving the performance and operational efficiency of an enterprise,” says Faisal Ghaus, Vice President of TechNavio.
The new report emphasizes open-source solutions that are becoming increasingly important for predictive analytics. These solutions are often used in the education sector by academics and students, as these are available free of charge, and enable students to familiarize themselves with the solutions before they enter the workforce.
“Vendors of analytics software have started incorporating open-source languages into their solutions. The use of open-source solutions will be a key trend to watch in the Analytics Market in India, as they become increasingly important for predictive analytics,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Big Data and Analytics Market in Telecom Industry 2014-2018
- Global Data Analytics Outsourcing Market 2014-2018
About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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