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System of Insight Market by Component (Solutions and Services), Applications (Customer Analytics, Operations Management, Sales and Marketing Management, Risk and Compliance Management), Deployment Model, Vertical, & Region - Global Forecast to 2024

  • ID: 4825099
  • Report
  • August 2019
  • Region: Global
  • 129 Pages
  • Markets and Markets
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The Global System of Insight Market Size is Expected to Grow from USD 1.2 Billion in 2019 to USD 3.4 Billion By 2024, at a CAGR of 22.2%

FEATURED COMPANIES

  • Cooladata
  • Gooddata
  • Inetco
  • Oracle
  • Radicalbit
  • SAS Institute
  • MORE

The global system of insight market size to grow at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period

The global system of insight market size is expected to grow from USD 1.2 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period. The major factors expected to drive the growth of the system of insight market include increasing demand for Internet of Things (IoT) and smart devices driving the adoption of system of insight solutions and a growing focus on analyzing huge amount of data from multiple sources to gain real-time insights. The lack of integration with legacy architecture and intensifying market competition are expected to restrain the adoption of system of insight solutions in the emerging economies, which in turn, may restrain the market from growing.

Operations management to grow at the highest CAGR during the forecast period

The system of insight market by applications has been segmented into customer analytics, sales and marketing management, operations management, risk and compliance management, and workforce management. The operations management segment is expected to grow at the highest CAGR, as it is extensively used in manufacturing, Information Technology (IT) and telecommunications, and the transportation verticals.

Banking, Financial Services and Insurance to hold the largest market during the forecast periodWith the increasing competition, the enterprises in the BFSI vertical are constantly focusing on transforming their business operations to enhance profit margins and increase customer base. Hence, these organizations are rapidly moving toward digitalization to stay ahead in the BFSI vertical. With rapid digitalization, a large volume of the transaction data is generated on a daily basis. System of insight is used to reduce exposure to money laundering and terrorism activities. The systems of insight solutions can effectively monitor customer transactions on a daily basis and using customers’ historical information and account profile can provide an enterprise-wide picture of money laundering and other adverse activities. In this vertical, advanced technologies, such as analytics and Machine Learning (ML) can help organizations to unlock the potential of the moving data to formulate various competitive strategies.

Asia Pacific to grow at the highest CAGR during the forecast period

APAC is expected to grow at the highest CAGR during the forecast period. The large base of manufacturing companies and increasing demand for connected devices in major APAC countries, such as China, South Korea, India, Australia, and Japan, and growing government regulations are expected to drive the growth of the market in APAC. The increase in the data streams across verticals, the digital India initiative, and increase in the use of Aritifcial Intelligence (AI) technology are additional factors contributing to the growth of the system of insight market in APAC. China, Japan and India are among the key countries considered for the system of insight market analysis in this region. Additionally, the rapid expansion of local players as well as global enterprises in APAC is also one of the important factor that is influencing the growth of the system of insight market

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, hedge fund managers, and executives from various key organizations operating in system of insight market.

  • By Company: Tier II: 55%, and Tier III: 45%
  • By Designation: C-Level: 60%, Director-Level: 20%, and Others: 20%
  • By Region: North America: 30%, %, Europe: 40%, APAC: 20, MEA: 5%, and Latin America: 5%

The report includes the study of the key players offering system of insight solutions. The major vendors include IBM (US), Oracle (US), SAS Institute (US), SAP (Germany), TIBCO Software (US), GoodData (US), Plutora (US), NGDATA (Belgium), CoolaData (US), Striim (US), Signals Analytics (US), Streamlio (US), INETCO (Canada), Correleta (US), and Radicalbit (Italy). It includes an in-depth competitive analysis of the key players in the system of insight market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage

The report segments the global system of insight market by component, by solutions, by deployment model, applications, verticals, and region. The system of insight market by components is divided into solutions and services. The applications segment is further segmented into customer analytics, sales and marketing management, operations management, risk and compliance management, and workforce management. The vertical segment includes BFSI, retail and eCommerce, telecommunications and IT, healthcare and life sciences, government and defense, manufacturing, and others (travel and hospitality, energy and utilities, and media and entertainment). The report also covers the system of insight market with respect to 5 major regions: North America, Europe, APAC, Latin America, and Middle East and Africa (MEA).

The report would help the market leaders and new entrants in the global system of insight market in the following ways:
1. The report segments the market into various subsegments; hence, it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across applications, verticals, and regions.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cooladata
  • Gooddata
  • Inetco
  • Oracle
  • Radicalbit
  • SAS Institute
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Market Forecast
2.4 Competitive Leadership Mapping Methodology
2.4.1 Vendor Inclusion Criteria
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the System of Insight Market
4.2 Market Top 3 Verticals
4.3 Market By Region
4.4 Market in North America, By Application and Deployment Mode

5 System of Insight Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Volume of Big Data and Growing Need of Analytics
5.2.1.2 Increasing Focus on Real-Time Insights to Gain a Competitive Edge in the Market
5.2.2 Restraints
5.2.2.1 Lack of Integration With Legacy Architecture
5.2.2.2 Increasing Market Competition
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Cloud Solutions
5.2.4 Challenges
5.2.4.1 Security Issues Related to Big Data Platforms
5.2.4.2 Lack of Skilled Experts
5.3 Regulatory Implications
5.3.1 General Data Protection Regulation
5.3.2 Health Insurance Portability and Accountability Act
5.3.3 Payment Card Industry Data Security Standard
5.3.4 SOC 2 Type 2 Compliance
5.3.5 ISO/IEC 27001
5.3.6 the Gramm-Leach-Bliley Act
5.4 Use Cases
5.4.1 Use Case: Scenario 1
5.4.2 Use Case: Scenario 2
5.4.3 Use Case: Scenario 3
5.4.4 Use Case: Scenario 4
5.4.5 Use Case: Scenario 5

6 System of Insight Market By Component
6.1 Introduction
6.2 Solution
6.2.1 Need for Analyzing Real-Time Business Data to Drive the Adoption of System of Insight Solutions
6.3 Services
6.3.1 Professional Services
6.3.1.1 Need for Improving Business Performance to Drive the Growth of Professional Services
6.3.2 Managed Services
6.3.2.1 Need for Monitoring and Maintaining Software Operations and Reducing Overhead Costs to Drive the Demand for Managed Services

7 System of Insight Market By Application
7.1 Introduction
7.2 Customer Analytics
7.2.1 Need for Real-Time Insights Into Customer Interactions to Drive the Adoption of the Customer Analytics Solution
7.3 Sales and Marketing Management
7.3.1 Need to Enhance Brand Reputation to Maintain a Competitive Edge Driving the Adoption of Sales and Marketing Management Application
7.4 Operations Management
7.4.1 Need to View and Monitor Real-Time Performance and Maintain the Availability of Critical Assets to Drive the Growth of the Operations Management Segment
7.5 Workforce Management
7.5.1 Need to Optimize Workforce and Maximize Productivity to Drive the Growth of the Workforce Management Segment
7.6 Risk and Compliance Management
7.6.1 Increasing Need for Mitigating Risks and Complying With Regulations to Spur the Demand for Risk and Compliance Management
7.7 Others

8 System of Insight Market By Deployment Model
8.1 Introduction
8.2 Cloud
8.2.1 Mobility and Low Setup Costs to Boost the Adoption of the Cloud Deployment Model
8.3 On-Premises
8.3.1 Data Privacy and Security Advantages to Boost the Growth of the On-Premises Deployment Model

9 System of Insight Market By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Focus on Compliance With Regulations and Financial Standards to Increase the Demand for the System of Insight Solutions in the Banking, Financial Services, and Insurance Vertical
9.3 Retail and Ecommerce
9.3.1 Growing Need for Building Customer-Centric Strategy to Drive the Adoption of the System of Insight Solutions in the Retail and Ecommerce Vertical
9.4 Healthcare and Life Sciences
9.4.1 Drug Discovery, Patient Care, and Insurance Fraud Detection Applications to Drive the Adoption of the System of Insight Market in the Healthcare and Life Sciences Vertical
9.5 Government and Defense
9.5.1 Need to Improve Reliability and Efficiency of Processes to Drive the Adoption of System of Insight Solutions in the Government and Defense Vertical
9.6 Telecommunications and IT
9.6.1 Reduced Churn Rate, Improved Services, and Enhanced Customer Loyalty With the System of Insight Solutions to Drive the Market Growth
9.7 Manufacturing
9.7.1 Manufacturing Companies to Adopt the System of Insight Solutions to Understand and Identify Early Warning Signals and Reduce the Overall Cost
9.8 Others

10 System of Insight Market By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Increase in the Adoption of Ai, Ml, and Analytics By Enterprises to Boost the System of Insight Market in the US
10.2.2 Canada
10.2.2.1 Focus of Government and Enterprises on Investing and Research on New Technologies to Drive System of Insight Adoption in Canada
10.3 Europe
10.3.1 UK
10.3.1.1 Increase in the Adoption of Ai and IoT to Drive the Opportunities for Market in the UK
10.3.2 France
10.3.2.1 Growing Need to Analyze the Huge Amount of Data Generated From Various Devices to Boost the Adoption of System of Insight Solutions
10.3.3 Germany
10.3.3.1 Industry 4.0 and Smart Factories to Drive the System of Insight Adoption in Germany
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Growing Initiatives Supporting Digitalization to Boost the Adoption of System of Insight Solutions
10.4.2 Japan
10.4.2.1 Technological Advancements to Boost the Growth of the System of Insight Market in Japan
10.4.3 India
10.4.3.1 Changing Technological Landscape and Government Initiatives to Create Growth Potential for System of Insight in India
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Demand for Connected Devices and Rise in Adoption of Ai and Real-Time Analytics to Boost the Market in the Middle East
10.5.2 Africa
10.5.2.1 Increasing Adoption of Advanced Digital Technologies to Provide Opportunities for System of Insight Solutions
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Various Government Initiatives to Accelerate the Growth of Systems of Insight Market in the Coming Years
10.6.2 Mexico
10.6.2.1 Growing Steps Toward the Revolution of Various Technologies May Create Demand for System of Insight Solutions Mexico
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Strength of Product Portfolio
11.3 Business Strategy Excellence

12 Company Profiles
12.1 Introduction
12.2 IBM
12.3 Oracle
12.4 SAS Institute
12.5 SAP
12.6 TIBCO Software
12.7 GoodData
12.8 Plutora
12.9 NGDATA
12.10 CoolaData
12.11 Striim
12.12 Signals Analytics
12.13 Streamlio
12.14 INETCO
12.15 Correlata
12.16 Radicalbit

13 Appendix
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables
Table 1 United States Dollar Exchange Rate, 2016-2018
Table 2 Factor Analysis
Table 3 Evaluation Criteria
Table 4 Global Market Size and Growth Rate, 2017-2024 (USD Million, Y-O-Y %)
Table 5 System of Insight Market Size, By Component, 2017-2024 (USD Million)
Table 6 Solutions: Market Size By Region, 2017-2024 (USD Million)
Table 7 Services: Market Size By Type, 2017-2024 (USD Million)
Table 8 Professional Services: Market Size By Region, 2017-2024 (USD Million)
Table 9 Managed Services: Market Size By Region, 2017-2024 (USD Million)
Table 10 System of Insight Market Size, By Application, 2017-2024 (USD Million)
Table 11 Customer Analytics: Market Size By Region, 2017-2024 (USD Million)
Table 12 Sales and Marketing Management: Market Size By Region, 2017-2024 (USD Million)
Table 13 Operations Management: Market Size By Region, 2017-2024 (USD Million)
Table 14 Workforce Management: Market Size By Region, 2017-2024 (USD Million)
Table 15 Risk and Compliance Management: Market Size By Region, 2017-2024 (USD Million)
Table 16 Others: Market Size By Region, 2017-2024 (USD Million)
Table 17 System of Insight Market Size, By Deployment Model, 2017-2024 (USD Million)
Table 18 Cloud: Market Size By Region, 2017-2024 (USD Million)
Table 19 On-Premises: Market Size By Region, 2017-2024 (USD Million)
Table 20 System of Insight Market Size, By Vertical, 2017-2024 (USD Million)
Table 21 Banking, Financial Services, and Insurance: System of Insight Market Size, By Region, 2017-2024 (USD Million)
Table 22 Retail and Ecommerce: Market Size By Region, 2017-2024 (USD Million)
Table 23 Healthcare and Life Sciences: Market Size By Region, 2017-2024 (USD Million)
Table 24 Government and Defense: Market Size By Region, 2017-2024 (USD Million)
Table 25 Telecommunications and IT: Market Size By Region, 2017-2024 (USD Million)
Table 26 Manufacturing: Market Size By Region, 2017-2024 (USD Million)
Table 27 Others: Market Size By Region, 2017-2024 (USD Million)
Table 28 System of Insight Market Size, By Region, 2017-2024 (USD Million)
Table 29 North America: Market Size By Component, 2017-2024 (USD Million)
Table 30 North America: Market Size By Service, 2017-2024 (USD Million)
Table 31 North America: Market Size By Deployment Model, 2017-2024 (USD Million)
Table 32 North America: Market Size By Application, 2017-2024 (USD Million)
Table 33 North America: Market Size By Vertical, 2017-2024 (USD Million)
Table 34 North America: Market Size By Country, 2017-2024 (USD Million)
Table 35 Europe: System of Insight Market Size, By Component, 2017-2024 (USD Million)
Table 36 Europe: Market Size By Service, 2017-2024 (USD Million)
Table 37 Europe: Market Size By Deployment Model, 2017-2024 (USD Million)
Table 38 Europe: Market Size By Application, 2017-2024 (USD Million)
Table 39 Europe: Market Size By Vertical, 2017-2024 (USD Million)
Table 40 Europe: Market Size By Country, 2017-2024 (USD Million)
Table 41 Asia Pacific: System of Insight Market Size, By Component, 2017-2024 (USD Million)
Table 42 Asia Pacific: Market Size By Service, 2017-2024 (USD Million)
Table 43 Asia Pacific: Market Size By Deployment Model, 2017-2024 (USD Million)
Table 44 Asia Pacific: Market Size By Application, 2017-2024 (USD Million)
Table 45 Asia Pacific: Market Size By Vertical, 2017-2024 (USD Million)
Table 46 Asia Pacific: Market Size By Country, 2017-2024 (USD Million)
Table 47 Middle East and Africa: System of Insight Market Size, By Component, 2017-2024 (USD Million)
Table 48 Middle East and Africa: Market Size By Service, 2017-2024 (USD Million)
Table 49 Middle East and Africa: Market Size By Deployment Model, 2017-2024 (USD Million)
Table 50 Middle East and Africa: Market Size By Application, 2017-2024 (USD Million)
Table 51 Middle East and Africa: Market Size By Vertical, 2017-2024 (USD Million)
Table 52 Middle East and Africa: Market Size By Country, 2017-2024 (USD Million)
Table 53 Latin America: System of Insight Market Size, By Component, 2017-2024 (USD Million)
Table 54 Latin America: Market Size By Service, 2017-2024 (USD Million)
Table 55 Latin America: Market Size By Deployment Model, 2017-2024 (USD Million)
Table 56 Latin America: Market Size By Application, 2017-2024 (USD Million)
Table 57 Latin America: Market Size By Vertical, 2017-2024 (USD Million)
Table 58 Latin America: Market Size By Country, 2017-2024 (USD Million)

List of Figures
Figure 1 Global System of Insight Market: Research Design
Figure 2 Market Breakup and Data Triangulation
Figure 3 System of Insight Market: Top-Down and Bottom-Up Approaches
Figure 4 Market Snapshot By Component
Figure 5 Market Snapshot By Deployment Model
Figure 6 Market Snapshot By Service
Figure 7 Market Snapshot By Application
Figure 8 Market Snapshot By Region
Figure 9 Increasing Focus on Real-Time Insights to Gain a Competitive Edge in the Market
Figure 10 Retail and Ecommerce Segment to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America to Hold the Highest Market Share in 2019
Figure 12 Customer Analytics Segment and On-Premises Deployment Model to Hold the Highest Market Shares in the North American System of Insight Market in 2019
Figure 13 Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 14 Managed Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 15 Operations Management Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 16 Cloud Segment to Register a Higher CAGR During the Forecast Period
Figure 17 Retail and Ecommerce Vertical to Witness the Highest Growth Rate During the Forecast Period
Figure 18 North America to Hold the Largest Market Size During the Forecast Period
Figure 19 India to Register the Highest CAGR Among All Countries During the Forecast Period
Figure 20 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Operations Management Application to Grow at the Highest CAGR During the Forecast Period
Figure 23 Operations Management Application to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Operations Management Application to Grow at the Highest CAGR in APAC During the Forecast Period
Figure 26 Operations Management Application to Grow at the Highest CAGR During Forecast Period in Mea
Figure 27 Operations Management Application to Grow at the Highest CAGR in Latin America During the Forecast Period
Figure 28 System of Insight Market (Global) Competitive Leadership Mapping, 2019
Figure 29 IBM: Company Snapshot
Figure 30 IBM: SWOT Analysis
Figure 31 Oracle: Company Snapshot
Figure 32 Oracle: SWOT Analysis
Figure 33 SAP: Company Snapshot
Figure 34 SAP: SWOT Analysis

Note: Product cover images may vary from those shown
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  • Cooladata
  • Correlata
  • Gooddata
  • IBM
  • Inetco
  • Ngdata
  • Oracle
  • Plutora
  • Radicalbit
  • SAP
  • SAS Institute
  • Signals Analytics
  • Streamlio
  • Striim
  • Tibco Software
Note: Product cover images may vary from those shown
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