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Friday, August 27, 2021

Global Product Analytics Market to be Grow Due to Rising Adoption of Artificial Intelligence in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Product Analytics Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global product analytics market, assessing the market based on its segments like mode, end-user, component, deployment mode, organisation size, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

• Historical Market Size (2020): USD 6.7 Billion
• Forecast CAGR (2021-2026): 14.9%
• Forecast Market Size (2026): USD 15.3 Billion

Market Overview (2016-2026)

The growing demand for organisations to evaluate market competitiveness globally is driving the global product analytics market. The growing usage of big data and innovative technologies also helps the sector. The industry’s demand is being fuelled by the growing demand for cloud-based analytical solutions. Because of the rising adoption of cloud-based solutions to reduce the maintenance cost of contracting expert staff, the small and medium-sized organisations segment is predicted to grow at the highest rate. Retail and consumer goods are predicted to develop significantly in terms of end-use due to providers’ growing demand for a deeper understanding of consumers.

Industry Definition and Major Segments

Product analytics find its applications in sectors such as designers, manufacturers, sales and marketing professionals, and consumer engagement.

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Based on their mode, they can be categorised as:

• Tracking Data
• Analysing Data

On the basis of end-use, the market is segmented into:

• Automotive
• Retail and Consumer Goods
• Food and Beverage Manufacturing
• Machinery and Industrial Equipment Manufacturing
• Healthcare and Pharmaceuticals
• Energy and Utilities

Based on their mode, they can be divided as:

• Solutions
• Services

Based on their deployment mode, they can be bifurcated as:

• Cloud
• On-premises

Based on their organisation size, they can be categorised as:

• Small and Medium-Sized Enterprises
• Large Enterprises

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia
• Latin America
• Middle East and Africa

Market Trends

Customer service has become critical to a company’s success. Customers majorly make their purchasing decisions on how effectively they are served. Predicting customer wants has become a critical concern for organisations to provide efficient solutions and ensure customer satisfaction. As a result, to deliver individualised service to every consumer, successful businesses rely on product suggestion engines. By using consumer behaviour and maximising customer care efforts, the correct product recommendation tool can help organisations boost the potential ROI of their marketing efforts. Retailers can use predictive suggestions to send the appropriate offer to the right shopper at the right moment. As a result, there will be a higher conversion rate and more money spent each transaction. Personalised product recommendations generate a high share of eCommerce site revenue because intelligent product recommendations allow for natural, logical upsell and cross-sell opportunities. The client’s interest is indicated by their actions and history, and the product recommendation tool matches that behaviour with the appropriate recommendations. Product analytics is critical in understanding customer behaviour as the small transactions grow into larger ones, and clients who previously had no intention of making a purchase now have a strong desire to do so.

Key Market Players

The major players in the market are Google LLC, International Business Machines Corporation, Oracle Corporation, Adobe Inc., Inc., Mixpanel Inc., Piwik PRO Sp. z o. o., Amplitude Inc., Heap Inc., ApS,, Inc., Risk Edge Solutions Pvt. Ltd., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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