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Allied Market Research

Personal Analytics Market by Component Type (Tools, Services), Deployment Type (On –Premise, Cloud), Organizational Size (Small and Medium Enterprise, Large Enterprise), Industry Vertical (IT & Telecom, BFSI, Retail and E-Commerce, Mobile And Entertainment, Government, Healthcare & Life Science, Travel & Hospitality): Global Opportunity Analysis And Industry Forecast, 2020–2027

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Aug 2021 | 585 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Personal Analytics Market Statistics:

Personal analytics is a process to analyze and explore own data for individual to achieve dedicated range of objectives and benefits across work and personal lives. Personal data includes human health, hobbies & preferences, areas of interests, mobility, daily chores, social media activities, personal finance, biometrics, behaviors, and emotional states.

It has incredible potential to improve quality of one’s life through self-sensing, self-awareness, and self-advancement. Personal analytics will aid better decision making to attain a gamut of objectives in individual’s personal and professional lives, and also provide an enhanced user experience.

Personal Analytics Market Scope and Structure Analysis:

Report Matric

Details

Market size available for the years

2019-2027

Base year considered

2019

Forecast period

2020-2027

Forecast unit

Value (USD)

Segments covered

  • Component Type
  • Deployment Type
  • Organizational Size
  • Industry Vertical
  • Region

Regions covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and the Rest of Europe),
  • Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific).
  • LAMEA (Latin America,Middle East,Africa)

Companies covered

 

  • Tableau Inc.
  • Qlik Tech Corp.
  • Tibco Inc.
  • IBM Corp.
  • SAP SE
  • Microsoft Corp.
  • Information Builders Corp.
  • Omnicontext Corp.
  • Jasper Inc.
  • Actuate Inc.

 

Impact of COVID-19 on Personal Analytics Market:

  • The emergence of COVID-19 pandemic has severely affected almost all industries across the globe. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. This, has led to delay in supply of electronic components required in manufacturing of the network equipment.
  • Companies have continued to expand cloud services and application development service during the pandemic.  Before the pandemic took hold various organizations were providing manual release of applications to customers .
  • New learnings among companies with respect to work-from-home (WFH) and data accessibility during the lockdown period has resulted in increasing enquiries for space and services at data centers and this trend is expected to create opportunities in for the market during the forecast period.
  • There is an increase in use of automation and even after situation returns to ‘normal’, the work style will continue to be data center-driven, with demand growth for higher penetration of e-commerce, digital payments, and widespread deployment of Big Data, apart from policy level push for automation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Numerous factors such as rise in adoption of digital devices to enhance the lives, growing demand of data science for personal smart devices, increased implementation of IT technology in personal lives, evolving workday, improved performance and quality are some of the factors which are key driving factors for the growth of the factor. However, lack of awareness and data privacy and security of personal data may hinder the growth of the market. Furthermore, increased awareness of internet of things, artificial intelligence and increased adoption of cloud technologies is expected to boost the opportunities for the market.

Data science with integration of personal analytics:

Organizations are able to see the numerous benefits offered by the data science and thus implementing the same algorithms on the personal data in order to provide personalized and detailed analysis. The data generated from the personal analytics is a huge such as tens of thousands of rich, accurate, longitudinal data points which can be collected from their social, wearable for the analysis. Integration of these data with machine learning data can be set for the sentiment analysis.  Thus, huge data generated from the personal accounts can be integrated with data science is expected to boost the opportunities for the market.

Privacy and security concerns:

Data associated with personal analytics software is highly confidential and personal,leakage of this data may cost a huge amount to both individual as well as organizations and usually the data is prone to cyber thefts. Hence, sharing the data on the software are still not the appropriate and thus concerns for the data safety may hinder the growth of the market.

Rise in adoption of emerging technologies to enhance productivity:

Organizations are able to see the most value asset to the organization which is human resource. The traditional intelligence would only be able to deliver big picture of process, roles and structure. However, with the personal analytics enterprises would be able to see a more detailed and personalized analysis which will also enable employees to enhance their personal productivity in terms of their desired versus their actual way of working. In addition to this personal analytics also helps to explore their own data in order to achieve a range of objectives and benefits across the work and personal lives. Personal analytics also helps to improve and enhance time management skills, communicational skills, and organizational skills. It also helps to identify the highly influential and impactful people to the user. Thus, the enhanced productivity is driving the growth of the market.

Key Segments Covered:

Segments

Subsegments

ComponentType

  • Tools
  • Services

DeploymentType

  • On-premise
  • Cloud

Organizational Size

  • Small & Medium Enterprise
  • Large Enterprise

Industry Vertical

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Mobile & Entertainment
  • Government & Defense
  • Energy & Utilities
  • Transportation & Logistics
  • Travel & Hospitality
  • Healthcare & Life Science

 

Key benefits of the report:

• This study presents the analytical depiction of the global personal analytics marketalong with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis ofglobal personal analytics market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global personal analytics marketgrowth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailedpersonal analytics market analysis based on competitive intensity and how the competition will take shape in coming years.

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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