Australia Data Analytics Market to Grow at Formidable Rate During Forecast Period

Rising awareness among organizations about generated data and growing usage of internet are driving the growth of the Australia data analytics market

According to TechSci Research report, “Australia Data Analytics Market By Component, By Deployment, By Organization Size, By End-User Industry, By Region, Competition, Forecast & Opportunities, 2025”, Australia data analytics market is anticipated to register significant growth through 2025. The growth in data analytics market will be accredited to various factors such as need to enhance the business efficiency coupled with growing utility of IoT analytics, big data analytics and SaaS-based analytics in numerous end-user industries like BFSI, sports, retail, and healthcare. Furthermore, rise in touchpoint along with the requirement for data collection to understand consumer behavior is expected to aid the market growth over the next five years.

Australia data analytics market can be segmented based on component, deployment, organization size, end-user industry and region. In terms of end-user industry, the market can be segmented into BFSI, government & defense, energy & utilities, retail & e-commerce, others. Among them, energy & utilities segment dominated the market until 2019 and is forecast to maintain its dominance during the next five years as well. The shortage of fossil fuel is encouraging the use of alternate energy resources like wave, solar and wind turbines, where the consumption is increasing at a high rate. Therefore, it has become essential to use advanced tools using data analytics in need to understand the behavior of these energy sources.  

Oracle Corp Australia Pty Ltd, Atos Australia Pty Ltd, Juniper Networks Inc, Dell Australia Pty Ltd, IBM Australia Ltd, Hewlett-Packard Australia Pty Ltd, Red Hat Asia Pacific Pty Ltd/Australia, Cisco Systems Australia Pty Ltd, Intel Australia Pty Ltd and others are the leading players operating in Australia data analytics market.

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“Australia data analytics market is anticipated to grow at formidable rate during the forecast period on account of rising internet usage and availability of several means to gain access to the internet, which is leading to massive increase in the volumes of data being produced. This in turn is estimated to drive the growth of data analytics market in the country through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Data Analytics Market By Component, By Deployment, By Organization Size, By End-User Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Australia data analytics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia data analytics market.

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