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(MoneyNewsWire.Net, July 18, 2018 ) The business analytics software market is a software that is designed to analyze business data to better understand an organization's strengths and weaknesses. Enterprise Software is a software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments.
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The market was valued at $124 billion in 2017, and it is expected to be driven by the need to minimize wasted resources and to better understand the impact what-if scenarios for the forecast, to maximize revenue. Asia Pacific was the largest geographic region in 2017, accounting for 40% percent of the market.
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The USA was the largest country, accounting for near about one percent of the global business analytics & enterprise software market in 2017.
The top five competitors in the market are an SAP, SAS Institute, IBM Corporation, Oracle Corporation, and Tableau Software Inc. SAP was the biggest player in business analytics and enterprise software industry in 2017. SAP SE operates as an enterprise application software and database company worldwide. It provides in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate systems and error of data. It also provides a various software service solution. The company is headquartered in Waldorf, Germany.
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