Press Release

Australia Data Analytics Market to Grow at 20% until 2025

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 a CAGR of 20% during 2020 - 2025. Data analytics is defined as the science of collecting, transforming and analyzing raw data to extract the useful information. Data analytics helps organizations in detecting fraud, improving productivity, reducing risk, improving customer experience & satisfaction, taking quick actions on emerging market trends, gaining competitive advantages over other industry players, etc. 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, Government & Defense, Retail & E-commerce, IT & Telecom and others.

Browse 33 market data Tables and Figures spread through 71 Pages and an in-depth TOC on "Australia Data Analytics Market"

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, Retail & E-commerce, IT & Telecom, Others. Among them, IT & Telecom segment dominated the market until 2019 and is forecast to maintain its dominance during the next five years as well, based on the technological advancements and development. Predictive analytics is a part of data analytics which uses historical and present data as well as statistical tools and multiple algorithms to identify the likelihood of the future outcomes. Predictive analytics offers multiple benefits such as detecting fraud, improving efficiency, reducing risk, etc., thereby, fueling the growth of the market. Therefore, Predictive Analysis would play a vital role in growing the market through IT & Telecom segment. Based on Deployment, Demand of cloud-based data analytics is increasing on the back of exponential rise in the amount of data generated by organizations, which significantly increases the data complexity and cost of scaling. Cloud deployment mitigates these challenges by lowering the total cost of ownership, increasing flexibility and on-demand scalability, which is driving the market for data analytics in Australia.

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SAS Institute Australia Pty Ltd, SAP Australia Pty Ltd, IBM Australia Ltd, SFDC Australia Pty. Ltd. (Salesforce), Oracle Corp Australia Pty Ltd, Microsoft Pty Ltd, Dell Australia Pty Ltd, Qliktech Australia Pty Ltd, TIBCO Software Australia Pty Ltd. and Sisense Australia Pty Ltd. others are the leading players operating in Australia data analytics market. “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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