Product Analytics Market is projected to expand at a steady CAGR over the forecast by 2031 | Google, IBM, Oracle, Adobe

Posted on 2022-08-02 by Sandeep in Media, Technology, Telecommunications // 0 Comments

New York, 2022-Jul-14 — /EPR Network/ — Global Product Analytics Market report from Global Insight Services is the single authoritative source of intelligence on Product Analytics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Product analytics is the process of analyzing data about a product to better understand how the product is being used and what can be done to improve it. This data can come from a variety of sources, including user feedback, usage data, and customer support data. By understanding how customers use a product, businesses can make improvements that make the product more valuable to customers.

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Key Trends

Some key trends in product analytics technology include the following:

AI and ML are being used increasingly to help organizations analyze product data more effectively. These technologies can help identify patterns and trends that would be difficult to spot using traditional methods.
The increasing use of big data is another trend that is impacting product analytics. With more data available than ever before, organizations can gain insights into customer behavior and trends that would otherwise be difficult to identify.

Key Drivers

There are a few key drivers of the product analytics market. Firstly, the ever-growing need for data-driven decision-making in organizations is leading to an increased demand for product analytics tools and services. Secondly, the rapid growth of digital data and the need to store, manage, and analyze this data is driving the market for product analytics tools and services. Thirdly, the increasing popularity of cloud-based product analytics solutions is another key driver of the market. Fourthly, the increasing adoption of advanced analytics techniques, such as machine learning and artificial intelligence, is also driving the market for product analytics tools and services.

Key Market Segments

By Deployment
- Cloud-based
- On-Premises
By Component
- Solutions
- Services
By Industry Vertical
- Automotive
- Healthcare
- Retail
- Energy & Utility
- Machinery
- Entertainment
- Others

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Key Market Players

Google
IBM
Oracle
Adobe
Salesforce
Amplitude
Pendo
LatentView Analytics
Medallia

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