As per the detailed report on the low-code embedded analytics market by Future Market Insights, sales of low-code embedded analytics in the region were reported at US$ 8.3 billion in 2018. The market witnessed Y-o-Y growth of 7.4% in 2022, with revenue expected to reach US$ 12.4 billion in 2023. During the assessment period (2023 to 2033), the global market is projected to expand at a CAGR of 11.6% and reach a market size of US$ 37.2 billion by the end of 2033.
Low-code embedded analytics have emerged as the best solution for many end-use industries to leverage data for better decision-making, operational efficiency, and improved outcomes.
Other Drivers Propelling the Demand for Low-Code Embedded Analytics include:
Challenges for Companies/Vendors in the Low-Code Embedded Analytics Market:
Opportunities in the Low-Code Embedded Analytics Industry:
Latest Trends in the Low-Code Embedded Analytics Market:
Attributes | Details |
---|---|
Low-Code Embedded Analytics Market Size (2023) | US$ 12.4 billion |
Low-Code Embedded Analytics Market Projected Size (2033) | US$ 37.2 billion |
Value CAGR (2023 to 2033) | 11.6% |
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From 2018 to 2022, the global low-code embedded analytics market experienced a CAGR of 7.4%, reaching a market size of US$ 11.0 billion in 2023.
From 2018 to 2022, the global low-code embedded analytics industry witnessed steady growth due to the rising demand for better decision-making and operational efficiency. There is a growing realization that leveraging data through analytics can drive better decision-making across all levels of the organization and embed analytics directly into their applications, allowing users to access real-time insights and take immediate actions based on the data at hand.
Looking ahead, the global low-code embedded analytics industry is expected to rise at a CAGR of 11.6% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 37.2 billion.
The low-code embedded analytics industry is expected to continue its growth trajectory from 2023 to 2033, driven by increasing demand for data-driven insights and increasing complexity of data. The growth of self-service analytics which enables to explore data and generate insights independently. Low-code embedded analytics solutions provide user-friendly interfaces, drag-and-drop functionality, and pre-built templates, empowering business users to perform ad-hoc analysis without relying on IT or data science teams.
The market is also likely to witness significant growth in the South Asia and Pacific region due to the presence of significantly developing economies such as India. However, market growth can be hindered by the lack of advanced analytics capabilities and complexity of data governance and compliance with low-code embedded analytics.
Country | The United States |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 5.0 billion |
CAGR % 2023 to End of Forecast (2033) | 10.5% |
The low-code embedded analytics industry in the United States is expected to reach a market share of US$ 5.0 billion by 2033, expanding at a CAGR of 10.5%. The low-code embedded analytics industry in the United States is expected to witness growth due to rise of citizen development and citizen data scientists. Additionally, there are a few other factors expected to drive the demand for low-code embedded analytics in the country are:
Country | The United Kingdom |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.2 billion |
CAGR % 2023 to End of Forecast (2033) | 9.3% |
The low-code embedded analytics industry in the United Kingdom is expected to reach a market share of US$ 1.2 billion, expanding at a CAGR of 9.3% during the forecast period. The United Kingdom market is projected to experience growth owing to the emphasis on digital transformation, data-driven decision-making, and the need for citizen developers, coupled with cost and time efficiency, are driving organizations in the United Kingdom to leverage low-code embedded analytics platforms.
Country | China |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 2.9 billion |
CAGR % 2023 to End of Forecast (2033) | 11.8% |
The low-code embedded analytics industry in China is anticipated to reach a market share of US$ 2.9 billion, moving at a CAGR of 11.8% during the forecast period. The low-code embedded analytics industry in China is expected to grow prominently due to significant support for the development and adoption of emerging technologies, including low-code embedded analytics. Through policies and initiatives promoting digitalization and innovation, the government encourages businesses to adopt advanced technologies and enhance their analytical capabilities, contributing to the growth of the low-code embedded analytics market.
Country | Japan |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.7 billion |
CAGR % 2023 to End of Forecast (2033) | 9.2% |
The low-code embedded analytics industry in Japan is estimated to reach a market share of US$ 1.7 billion by 2033, thriving at a CAGR of 9.2%. The market in Japan is at the forefront of IoT adoption and smart city development.
Low-code embedded analytics platforms play a crucial role in processing and analyzing data collected from IoT devices and sensors. This enables Japanese organizations to optimize resource allocation, improve operational efficiency, and enhance the quality of urban services, contributing to the growth of the low-code embedded analytics market.
Country | India |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.02 billion |
CAGR % 2023 to End of Forecast (2033) | 12.9% |
The low-code embedded analytics industry in India is expected to reach a market share of US$ 1.02 billion, expanding at a CAGR of 12.9% during the forecast period. India has a thriving start-up ecosystem, with numerous innovative companies emerging across various industries. Start-ups often have limited resources and tight timelines to deliver analytics capabilities.
Low-code embedded analytics platforms provide a cost-effective and efficient solution for these companies to quickly develop and embed analytics functionalities into their applications, enabling them to gain insights and make data-driven decisions from the start.
The CRM analytics application segment is expected to dominate the low-code embedded analytics industry with a CAGR of 11.1% from 2023 to 2033. The dominance of CRM Analytics in the low-code embedded analytics industry is also attributed to the increasing demand for customer-centric strategies.
Organizations are striving to deliver exceptional customer experiences and build long-term relationships with their customers. CRM Analytics provides the tools and capabilities to extract meaningful insights from customer data, enabling businesses to make data-driven decisions that drive customer satisfaction and loyalty.
The retail and e-commerce industry is expected to dominate the low-code embedded analytics industry with a CAGR of 10.9% from 2022 to 2033. The retail and e-commerce industry places a strong emphasis on customer engagement. By harnessing embedded analytics, businesses can gain deeper insights into customer preferences, purchase patterns, and sentiment analysis. This enables them to create targeted marketing campaigns, recommend relevant products, and provide personalized experiences, all of which contribute to improved customer engagement and loyalty.
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The low-code embedded analytics industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Companies invest heavily in research & development to deliver novel products that improve efficiency, dependability, and cost-effectiveness. Product innovation allows businesses to differentiate themselves from competition while also catering to customers' changing demands.
Key industry leaders frequently develop strategic partnerships and collaborations with other companies in order to harness their strengths and increase their market reach. These alliances can provide companies with access to new technology and markets.
The low-code embedded analytics business is expanding rapidly in emerging economies such as China and India. Key players are enhancing their distribution networks and developing local manufacturing facilities to increase their presence in these areas.
Mergers and acquisitions are frequently used by key companies in the low-code embedded analytics firm to consolidate their market position, extend their product portfolio, and gain access to new markets.
Key Players in the Low-Code Embedded Analytics Industry
Key Developments in the Low-Code Embedded Analytics Market:
The projected revenue of the market by 2033 is US$ 37.2 billion.
The market CAGR for 2033 is projected to be 11.6%.
The market is valued at US$ 12.4 billion in 2023.
North America holds the largest market share.
The North American market is growing due to the rising demand for analytics solutions that are easy to use.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Pricing Analysis 4.1. Pricing Analysis, By Low Code Embedded Analytics 4.1.1. Subscription Pricing Model 4.1.2. Perpetual Licensing 4.2. Average Pricing Analysis Benchmark 5. Global Market Demand (Value in US$ Million) Analysis 2018 to 2022 and forecast, 2023 to 2033 5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.2. Forecast Factors - Relevance & Impact 6.3. Value Chain 6.4. COVID-19 Crisis – Impact Assessment 6.4.1. Current Statistics 6.4.2. Short-Mid-Long Term Outlook 6.4.3. Likely Rebound 6.5. Market Dynamics 6.5.1. Drivers 6.5.2. Restraints 6.5.3. Opportunities 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Solution, 2018 to 2022 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Solution, 2023 to 2033 7.3.1. Software 7.3.1.1. Data Analytics Platform 7.3.1.2. Predictive Modelling Tools 7.3.1.3. Visualization Software 7.3.2. Hardware Server 7.3.2.1. Servers 7.3.2.2. Storage Devices 7.3.2.3. Networking Equipment 7.3.3. Service Consulting 7.3.3.1. Implementation 7.3.3.2. Support 7.4. Market Attractiveness Analysis By Solution 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Mode 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Deployment Mode, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment Mode, 2023 to 2033 8.3.1. Cloud Based Platforms 8.3.2. On-Premise Platforms 8.4. Market Attractiveness Analysis By Deployment Mode 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Enterprise Size, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Enterprise Size, 2023 to 2033 9.3.1. Small Offices (1-9 employees) 9.3.2. Small Enterprises (10-99 employees) 9.3.3. Medium-sized Enterprise (100-499 employees) 9.3.4. Large Enterprises (500-999 employees) 9.3.5. Very Large Enterprises (1,000+ employees) 9.4. Market Attractiveness Analysis By Enterprise Size 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By Industry, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2023 to 2033 10.3.1. IT & Telecom 10.3.2. Retail 10.3.3. Banking Financial Services & Insurance 10.3.4. Manufacturing 10.3.5. Healthcare 10.3.6. Others 10.4. Market Attractiveness Analysis By Industry 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. East Asia 11.3.4. South Asia and Pacific 11.3.5. Western Europe 11.3.6. Eastern Europe 11.3.7. Middle East and Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.3.1. By Solution 12.3.2. By Deployment Mode 12.3.3. By Enterprise Size 12.3.4. By Industry 12.3.5. By Country 12.3.5.1. U.S. 12.3.5.2. Canada 12.4. Market Attractiveness Analysis 12.4.1. By Solution 12.4.2. By Deployment Mode 12.4.3. By Enterprise Size 12.4.4. By Industry 12.4.5. By Country 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Solution 13.3.2. By Deployment Mode 13.3.3. By Enterprise Size 13.3.4. By Industry 13.3.5. By Country 13.3.5.1. Brazil 13.3.5.2. Mexico 13.3.5.3. Argentina 13.3.5.4. Rest of Latin America 13.4. Market Attractiveness Analysis 13.4.1. By Solution 13.4.2. By Deployment Mode 13.4.3. By Enterprise Size 13.4.4. By Industry 13.4.5. By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Solution 14.3.2. By Deployment Mode 14.3.3. By Enterprise Size 14.3.4. By Industry 14.3.5. By Country 14.3.5.1. India 14.3.5.2. ASEAN 14.3.5.3. Australia & New Zealand 14.3.5.4. Rest of South Asia & Pacific 14.4. Market Attractiveness Analysis 14.4.1. By Solution 14.4.2. By Deployment Mode 14.4.3. By Enterprise Size 14.4.4. By Industry 14.4.5. By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Solution 15.3.2. By Deployment Mode 15.3.3. By Enterprise Size 15.3.4. By Industry 15.3.5. By Country 15.3.5.1. China 15.3.5.2. Japan 15.3.5.3. South Korea 15.4. Market Attractiveness Analysis 15.4.1. By Solution 15.4.2. By Deployment Mode 15.4.3. By Enterprise Size 15.4.4. By Industry 15.4.5. By Country 16. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Solution 16.3.2. By Deployment Mode 16.3.3. By Enterprise Size 16.3.4. By Industry 16.3.5. By Country 16.3.5.1. Germany 16.3.5.2. Italy 16.3.5.3. France 16.3.5.4. U.K. 16.3.5.5. Spain 16.3.5.6. BENELUX 16.3.5.7. Nordics 16.3.5.8. Rest of Europe 16.4. Market Attractiveness Analysis 16.4.1. By Solution 16.4.2. By Deployment Mode 16.4.3. By Enterprise Size 16.4.4. By Industry 16.4.5. By Country 17. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 17.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 17.3.1. By Solution 17.3.2. By Deployment Mode 17.3.3. By Enterprise Size 17.3.4. By Industry 17.3.5. By Country 17.3.5.1. Poland 17.3.5.2. Hungary 17.3.5.3. Romania 17.3.5.4. Czech Republic 17.3.5.5. Rest of Eastern Europe 17.4. Market Attractiveness Analysis 17.4.1. By Solution 17.4.2. By Deployment Mode 17.4.3. By Enterprise Size 17.4.4. By Industry 17.4.5. By Country 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 18.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 18.3.1. By Solution 18.3.2. By Deployment Mode 18.3.3. By Enterprise Size 18.3.4. By Industry 18.3.5. By Country 18.3.5.1. Saudi Arabia 18.3.5.2. UAE 18.3.5.3. Turkey 18.3.5.4. Northern Africa 18.3.5.5. South Africa 18.3.5.6. Israel 18.3.5.7. Rest of Middle East and Africa 18.4. Market Attractiveness Analysis 18.4.1. By Solution 18.4.2. By Deployment Mode 18.4.3. By Enterprise Size 18.4.4. By Industry 18.4.5. By Country 19. Key Countries Analysis 19.1. U.S. Market Analysis 19.1.1. By Solution 19.1.2. By Deployment Mode 19.1.3. By Enterprise Size 19.1.4. By Industry 19.2. Canada Market Analysis 19.2.1. By Solution 19.2.2. By Deployment Mode 19.2.3. By Enterprise Size 19.2.4. By Industry 19.3. Mexico Market Analysis 19.3.1. By Solution 19.3.2. By Deployment Mode 19.3.3. By Enterprise Size 19.3.4. By Industry 19.4. Brazil Market Analysis 19.4.1. By Solution 19.4.2. By Deployment Mode 19.4.3. By Enterprise Size 19.4.4. By Industry 19.5. Argentina Market Analysis 19.5.1. By Solution 19.5.2. By Deployment Mode 19.5.3. By Enterprise Size 19.5.4. By Industry 19.6. Germany Market Analysis 19.6.1. By Solution 19.6.2. By Deployment Mode 19.6.3. By Enterprise Size 19.6.4. By Industry 19.7. Italy Market Analysis 19.7.1. By Solution 19.7.2. By Deployment Mode 19.7.3. By Enterprise Size 19.7.4. By Industry 19.8. France Market Analysis 19.8.1. By Solution 19.8.2. By Deployment Mode 19.8.3. By Enterprise Size 19.8.4. By Industry 19.9. U.K Market Analysis 19.9.1. By Solution 19.9.2. By Deployment Mode 19.9.3. By Enterprise Size 19.9.4. By Industry 19.10. Spain Market Analysis 19.10.1. By Solution 19.10.2. By Deployment Mode 19.10.3. By Enterprise Size 19.10.4. By Industry 19.11. China Market Analysis 19.11.1. By Solution 19.11.2. By Deployment Mode 19.11.3. By Enterprise Size 19.11.4. By Industry 19.12. Japan Market Analysis 19.12.1. By Solution 19.12.2. By Deployment Mode 19.12.3. By Enterprise Size 19.12.4. By Industry 19.13. South Korea Market Analysis 19.13.1. By Solution 19.13.2. By Deployment Mode 19.13.3. By Enterprise Size 19.13.4. By Industry 19.14. India Market Analysis 19.14.1. By Solution 19.14.2. By Deployment Mode 19.14.3. By Enterprise Size 19.14.4. By Industry 19.15. ASEAN Market Analysis 19.15.1. By Solution 19.15.2. By Deployment Mode 19.15.3. By Enterprise Size 19.15.4. By Industry 19.16. Australia & New Zealand Market Analysis 19.16.1. By Solution 19.16.2. By Deployment Mode 19.16.3. By Enterprise Size 19.16.4. By Industry 19.17. Saudi Arabia Market Analysis 19.17.1. By Solution 19.17.2. By Deployment Mode 19.17.3. By Enterprise Size 19.17.4. By Industry 19.18. UAE Market Analysis 19.18.1. By Solution 19.18.2. By Deployment Mode 19.18.3. By Enterprise Size 19.18.4. By Industry 19.19. Turkey Market Analysis 19.19.1. By Solution 19.19.2. By Deployment Mode 19.19.3. By Enterprise Size 19.19.4. By Industry 19.20. South Africa Market Analysis 19.20.1. By Solution 19.20.2. By Deployment Mode 19.20.3. By Enterprise Size 19.20.4. By Industry 19.21. Israel Market Analysis 19.21.1. By Solution 19.21.2. By Deployment Mode 19.21.3. By Enterprise Size 19.21.4. By Industry 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Share Analysis of Top Players 20.3. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Microsoft 21.3.1.1. Business Overview 21.3.1.2. Solution Portfolio 21.3.1.3. Profitability by Market Segments (Business Segments/Region) 21.3.1.4. Key Strategy & Developments 21.3.2. Tableau 21.3.2.1. Business Overview 21.3.2.2. Solution Portfolio 21.3.2.3. Profitability by Market Segments (Business Segments/Region) 21.3.2.4. Key Strategy & Developments 21.3.3. Qlik Sense 21.3.3.1. Business Overview 21.3.3.2. Solution Portfolio 21.3.3.3. Profitability by Market Segments (Business Segments/Region) 21.3.3.4. Key Strategy & Developments 21.3.4. Sisense 21.3.4.1. Business Overview 21.3.4.2. Solution Portfolio 21.3.4.3. Profitability by Market Segments (Business Segments/Region) 21.3.4.4. Key Strategy & Developments 21.3.5. Looker 21.3.5.1. Business Overview 21.3.5.2. Solution Portfolio 21.3.5.3. Profitability by Market Segments (Business Segments/Region) 21.3.5.4. Key Strategy & Developments 21.3.6. Dundas 21.3.6.1. Business Overview 21.3.6.2. Solution Portfolio 21.3.6.3. Profitability by Market Segments (Business Segments/Region) 21.3.6.4. Key Strategy & Developments 21.3.7. Logi Analytics 21.3.7.1. Business Overview 21.3.7.2. Solution Portfolio 21.3.7.3. Profitability by Market Segments (Business Segments/Region) 21.3.7.4. Key Strategy & Developments 21.3.8. Yellowfin 21.3.8.1. Business Overview 21.3.8.2. Solution Portfolio 21.3.8.3. Profitability by Market Segments (Business Segments/Region) 21.3.8.4. Key Strategy & Developments 22. Assumptions and Acronyms Used 23. Research Methodology
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