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Systems of Insight Market Research Report - Segmentation By Component (Solutions and Services), Application (Customer Analytics, Operations Management, Sales & Marketing Management, Risk & Compliance Management), Deployment Model (On-Premises, Cloud), End-Users Industry (BFSI, Retail & e-commerce, Healthcare & Life Sciences, Telecommunication & IT, Others) – Demand Analysis and Opportunity Outlook 2027

Published: March, 2022
ID: 12908
Pages: 150

Systems of Insight Market Size (2022 – 2027)

The Global Systems of Insight Market was worth US$ 1.31 billion in 2021, and it is estimated to reach a valuation of US$ 3.8 billion by the end of 2027, expanding at an annual growth rate of 19.6% between 2022 and 2027.

Systems of insights are a technology that is meant to support and improve the customer experience through consumption, collection and analysis of data from combination of traditional sources of “systems of records” and “systems of engagement”. The system of insights helps in applying advanced analytics to operational environments at the point where they generate customer interaction data for immediate deployment of personalization. The systems of insights include Ingest structured, unstructured and comprised data; gaining new insights; perform analysis of data; understand what has happened, identify patterns and correlations and implement logic associated with the business rules. Insights help to learn and understand business or target better and also helps in finding deeper, more actionable insights in order to improve the way of marketing business. It allows everyone to stay in sync, consume same information, and responds to alerts and events as they occur. Systems of Insights in enterprises can supply answers to natural language questions and helps in reducing the time spent in finding relevant insights. Also, it facilitates multiple AI and machine learning activities such as business scenario stimulations, predictive analytics, process automation, and more. Systems of Insights when used in enterprises can serve as a platform for predictive modeling, business stimulations, and scenario buildings that allow enterprise to develop models in tune with sudden changes. Owing to above reasons, it is expected that the demand of system of insights market is going to boost in projected period between 2022 and 2027.

MARKET DRIVERS

The driving force of the Systems of Insight Market is the growing demand for IoT, smart computing devices, increasing the volume of data and increase the need for analytics to get real-time sights.

The system of insights has shown significant rise on adoption across various industries around the world. As the predictive and the prescriptive analytics is increasing business analytics trends among business intelligence professionals as big data is extremely used for analytics processes that are being leveraged for large businesses as well as small-medium businesses in same way.

Additionally, enterprises continue to create new data at a rapid rate so these solutions become prevalent in organizations which are fueling the growth of systems of Insights market.

The rising demand or usages of cloud is supporting the large volume of data generation that needs to be managed, stored and analyzed that drives the growth of the market in near future.

The key players are also increasing their focus on research and development for enhancing capabilities of existing solutions and bringing new solutions into the market. Moreover, the emergence of specialized insights-as-a-service vendors and growing investment on cloud based offerings is boosting the growth of the market.

Furthermore, penetration of internet is also high that generates large amount of data which need to be managed and analyzed, thereby driving the demand of systems of insights market. Also, the growing support to develop advanced ICT sectors across North America, Asia-Pacifica and Europe is propelling the growth of the market in forecasted period between 2022 and 2027.

MARKET RESTRAINTS

Being a cloud service provider, there is a high risk of cybercrime such as hacking, data breach, and other associated with IaaS which is hampering the growth of the market.

Market Segmentation

Systems of Insight Market - By Components:

  • Solutions
  • Services

The service segment is expected to grow at a higher CAGR during the forecast period due to the increase in the deployment and integration services, support and maintenance services, training and consulting services

Systems of Insight Market - By Application:

  • Customer Analytics
  • Operations Management
  • Sales & Marketing Management
  • Risk & Compliance Management

Operations management is estimated to grow with a highest CAGR during the forecast period due to increasing demand for the real-time information and deriving insights while management of operations is paving the way for adoption o f system of insight solutions.

Systems of Insight Market - By Deployment Model:

  • On-Premises
  • Cloud

Cloud mode of deployment is expected to dominate the market due to increasing adoption of cloud based technology in the industries is fueling the growth of cloud based system of insights during the forecast period.

Systems of Insight Market - By End-Users Industry:

  • BFSI
  • Retail & e-commerce
  • Healthcare & Life Sciences
  • Telecommunication & IT
  • Others
    • Government & Defenses
    • Manufacturing

Retail & e-commerce is expected to grow significantly during the forecast period due to rising demand for consumer goods and growth in e-commerce industries has resulted into the rise to the data generated in the industry along with the implementation of big data solutions. Furthermore, the increasing competition in the industries has encouraged key players to ensure efficient working across the various stages in delivery process thereby fuels the demand of the systems of Insights Market during the forecast period.

Systems of Insight Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World)

Presently, North America is dominating the Systems of Insights Market due to involvement of the majority of main players in the market that makes market more competitive. The key players have continuously focusing on research and development in order to enhance the capabilities of the existing solutions and innovation new solutions into the market. Additionally, North America is the early adopter of technologies such as Artificial Intelligence and data analytics. In North America, most of the enterprises have adopted Artificial Intelligence in order to gain business insights to keep them in a competitive edge in the industry, which will drive the growth of systems of insights in market in the coming years.

Asia-Pacific is expected as the fastest growing region in this market with China and India being the fastest growing economies in the world in terms of GDP and technology adoption. Additionally, Japan is the most technologically advanced country in this region that is allowing the development of the software and technology industry. Additionally, India is one of the largest countries that have around 50 million MSMEs and government and MSMEs are relying on scalable IT and systems and solutions and share their process along with sensitive information on to the cloud. Asia-Pacific region is hub o f manufacturing. It is one of the exporter and importer of the products and services. The growing economies of South-east Asia such as Malaysia, Indonesia and Vietnam are witnessing the growth in BFSI sector that will likely to increase the demand of the systems of insight solutions and services. The government of several countries across the region is investing in the advanced technologies for industrial applications. India has disruptive technologies such as social media, cloud computing, data analytics etc that are providing new opportunities for growth of the market across various verticals. Due to growing focus on various crucial technologies in this region, the system of insight market in Asia-Pacific region is estimated to expand rapidly during the forecast period.

Europe is expected to showcase a significant growth rate during the forecast period due to increasing adoption of advanced technologies in automation, IoT and AI that results in the generation of vast data sets that needed to be assessed is propelling the growth of the market.

Covid-19 Impact on Global Systems of Insight Market

The Global Systems of Insight Market has been significantly impacted by the COVID-19 outbreak. Pandemic has affected various industries across the globe including the software industry that directly affected the IT and Tech spending of the industries. The temporary and complete shutdown of the businesses and the halt in implementation of the product launches around the globe during pandemic has impacted the adoption of the system of insights in 2020. However, e-commerce industries has emerged as a growing industry at the time of the pandemic due to social distancing and other pandemic protocols and also the remote working has fueled the growth of the Systems of Insights Market during COVID outbreak and it is expected that the demand of systems of insights market will boosts in coming years.

Key Market Players

Some of the leading companies operating in the Global Systems of Insight Market are 

Recent Developments:

  • In November 2021, Capgemini has announced that it has completed the acquisition of Empired limited. The combination of scale and broad services portfolio, Capgemini will strengthen its position as a global leader in Australia and NewZealand in terms of digital, data and cloud market.
  • In September 2020, TIBCO Inc (a global leader in enterprise data) has launched “TIBCO Any Data Hub” that offers necessary capabilities to support the demand for accurate and consistent data across the organization.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Systems of Insight Market , By Component                  

                                6.1.1 Solutions 

                                6.1.2 Services   

                                6.1.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Systems of Insight Market , By Application                    

                                6.2.1 Customer Analytics             

                                6.2.2 Operations Management 

                                6.2.3 Sales  & Marketing  Management 

                                6.2.4 Risk & Compliance Management  

                                6.2.5 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

                6.3 Systems of Insight Market , By Deployment Model                    

                                6.3.1 On-Premises          

                                6.3.2 Cloud        

                                6.3.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

                6.4 Systems of Insight Market , By End-users Industry                     

                                6.4.1 BFSI           

                                6.4.2 Retail & e-commerce         

                                6.4.3 Healthcare & Life Sciences

                                6.4.4 Telecommunication & IT   

                                6.4.5 Others      

                                6.4.6 Market Size Estimations & Forecasts (2022-2027)   

                                6.4.7 Y-o-Y Growth Rate Analysis              

                                6.4.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Systems of Insight Market , by Region               

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Application       

                                7.2.4 By Deployment Model       

                                7.2.5 By End-users Industry        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Application       

                                7.3.4 By Deployment Model       

                                7.3.5 By End-users Industry        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Application       

                                7.4.4 By Deployment Model       

                                7.4.5 By End-users Industry        

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Application       

                                7.5.4 By Deployment Model       

                                7.5.5 By End-users Industry        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Application       

                                7.6.4 By Deployment Model       

                                7.6.5 By End-users Industry        

8. Key Player Analysis                                    

                8.1 IBM               

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Oracle                           

                8.3 SAS Institute                              

                8.4 SAP                                

                8.5 TIBCO Software                        

                8.6 GoodData                   

                8.7 Plutora                         

                8.8 NGDATA                      

                8.9 CoolaData                   

                8.10 Striim                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Systems of Insight  Market By Region, From 2022-2027 ( USD Billion )
  2. Global Systems of Insight  Market By Component, From 2022-2027 ( USD Billion )
  3. Global Solutions Market By Region, From 2022-2027 ( USD Billion )
  4. Global Services Market By Region, From 2022-2027 ( USD Billion )
  5. Global Systems of Insight  Market By Application, From 2022-2027 ( USD Billion )
  6. Global Customer Analytics Market By Region, From 2022-2027 ( USD Billion )
  7. Global Operations Management Market By Region, From 2022-2027 ( USD Billion )
  8. Global Sales  & Marketing  Management Market By Region, From 2022-2027 ( USD Billion )
  9. Global Risk & Compliance Management Market By Region, From 2022-2027 ( USD Billion )
  10. Global Systems of Insight  Market By Deployment Model , From 2022-2027 ( USD Billion )
  11. Global On-Premises Market By Region, From 2022-2027 ( USD Billion )
  12. Global Cloud Market By Region, From 2022-2027 ( USD Billion )
  13. Global Systems of Insight  Market By End-users Industry, From 2022-2027 ( USD Billion )
  14. Global BFSI Market By Region, From 2022-2027 ( USD Billion )
  15. Global Retail & e-commerce Market By Region, From 2022-2027 ( USD Billion )
  16. Global Healthcare & Life Sciences Market By Region, From 2022-2027 ( USD Billion )
  17. Global Telecommunication & IT Market By Region, From 2022-2027 ( USD Billion )
  18. Global Others Market By Region, From 2022-2027 ( USD Billion )

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FAQ's

What is the size of the systems of insight market?

The systems of insight market size was estimated at USD$ 1.31 billion in 2021 and estimated to reach USD$ 1.57 billion in 2022.

What is the system of insight market growth?

The systems of insight market is expected to grow at a compound annual growth rate of 19.6% from 2022 and 2027 to reach USD$ 3.8 billion in 2027.

What are major driving factor of systems of insights market?

Major driving factors include the growing demand of IoT and smart computing devices such as AI and increasing the volume of data and increases  the need for analytics in order to get real-time insights.

Which region is expected to grow at the highest CAGR during the forecast period in system of insights market?

Asia-Pacific is projected to grow at highest CAGR during the forecast period due to increasing technological advancements, growing adoption of IoT and connected devices and various government initiatives in order to support the adoption of systems of insights market.

What are the major applications of systems of insights?

Major applications include customer analytics, sale & marketing, risk & compliance management, workforce management and others.

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