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NASSCOM-Indian Analytics Products-Scaling New Heights-Exe summary - Sep 2015

June 8, 2016 668 0 Big Data Analytics

NASSCOM-Indian Analytics Products-Scaling New Heights-Exe summary - Sep 2015

Worldwide business analytics software market was valued at ~USD 42 billion in 2014 and is forecasted to reach to ~USD 73 billion by 2020, at a CAGR of ~10 per centThe Indian analytics software and services market today is worth USD 1 billion and pegged to grow 3X by 2020The Indian analytics software market generated revenues of USD 144 million in 2014, and is expected to grow at a CAGR of ~17 per cent going forwardWith ~400 companies, India is quickly emerging as an analytics products hub - Over 10 per cent of all start-ups in India focus on analyticsWhile enterprise BI platforms currently generate almost half of Indian analytics product revenues; marketing analytics (that include social media, campaign and customer lifecycle management), niche solutions (that include visualization and dashboarding, risk, mobile and security analytics) and Domain/vertical products (Focused on BFSI, Telecom, Healthcare, Retail (online & offline) etc.) are experiencing fastest growthAcceleration of funding in Indian analytics products industry – Approx. USD 400 million invested in past 1.5 yearsThe Indian analytics industry is expected to grow significantly in the future, driven by increased demand for cloud based and predictive analytics solutions


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