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 USD 8.3 billion in 2018. The market witnessed Y-o-Y growth of 7.4% in 2022, with revenue expected to reach USD 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 USD 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) | USD 12.4 billion |
| Low-Code Embedded Analytics Market Projected Size (2033) | USD 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 USD 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 USD 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 (USD billion) by End of Forecast Period (2033) | USD 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 USD 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 (USD billion) by End of Forecast Period (2033) | USD 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 USD 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 (USD billion) by End of Forecast Period (2033) | USD 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 USD 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 (USD billion) by End of Forecast Period (2033) | USD 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 USD 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 (USD billion) by End of Forecast Period (2033) | USD 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 USD 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.
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 USD 37.2 billion.
The market CAGR for 2033 is projected to be 11.6%.
The market is valued at USD 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.
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Low-Code Embedded Analytics Market
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