Europe System of Insight Market is expected to reach US$ 1,229.75 million by 2027

Solution Segment to Dominate Europe System of Insight Market during 2020–2027

According to a new market research study on “Europe System of Insight Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Component, Application, Industry and Country,” is expected to reach US$ 1,229.75 million by 2027 from US$ 408.70 million in 2019. The market is estimated to grow at a CAGR of 15.0% from 2020 to 2027. The report provides trends prevailing in the Europe system of insight market along with the drivers and restraints pertaining to the market growth. Raising volume of big data and need for analytics and digital transformation for achieving a competitive edge in the market are the major factors driving the growth of the Europe system of insight market. However, lack of awareness in some underdeveloped countries may hinder the growth of Europe system of insight market.

In Europe, the France has witnessed an unprecedented rise in number of COVID-19 cases, which has led to the discontinuation of the IT software development activities. The downfall of the media and technology development sector has negatively impacted the demand for system of insight during the early months of 2020. Moreover, decline in overall telecommunication activities has led to the discontinuation of the system of insight projects. Similar trend has been witnessed in other European countries, i.e., Russia, UK, Italy and Spain. However, the countries are likely to overcome these adversities with the economic activities regaining their pace, especially in the beginning of 2021.

The market for Europe system of insight is segmented into component, application, industry, and country. Based on component, the market is segmented into solution and services. In 2019, the solution segment held the largest share in Europe system of insight market. Based on application, the Europe system of insight is divided into customer analytics, workforce management, operations management, sales & marketing management, risk & compliance management, and other applications. The operations management segment is expected to be the fastest growing segment over the forecast period. Based on Industry, the system of insight market is segmented into BFSI, IT & telecom, Manufacturing, retail & e-commerce, government & defense, healthcare & life sciences, and other industries. The BFSI segment held the largest share in Europe system of insight market Furthermore, in this present scenario of COVID 19 pandemic, the Europe system of insight market has been facing difficulties and several countries have suffered heavily. The technology, media and telecommunication sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for system of insight.

GoodData Corporation; Inetco System Limited; Medallia Inc.; Ngdata Inc.; Oracle Corporation; Plutora Inc.; SAP SE; Signal Analytics, Inc.; SAS Institute Inc.; and Tibco Software Inc. are some of the leading companies in the Europe system of insight market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe System of Insight Market as follows:

• Solution
• Services

• Customer Analytics
• Workforce Management
• Operations Management
• Sales and Marketing Management
• Risk and Compliance Management
• Other Applications

• BFSI
• IT and Telecom
• Manufacturing
• Retail and E-commerce
• Government and Defense
• Healthcare and Life Sciences
• Other Industries

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe