The global performance analytics market

The most exciting is to see that, growing need to monitor and measure performance of business functions for optimal resource allocation and elimination of performance bottlenecks are at the core of stakes. In effect, Organizations are shifting their focus towards such metrics-driven analytics tools to control operational risks with proactive and strategic decision-making.

However, lack of awareness regarding benefits of performance analytics solutions and concerns about positive ROI are the restraining factors for the performance analytics market.

The global performance analytics market size is estimated to grow from USD 1.10 billion in 2016 to USD 2.59 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7%, according to Research and Markets.