AMR Logo

Awareness of personal data and lack of data privacy and security can hinder the growth of the market.

PORTLAND, PORTLAND, OR, UNITED STATE, October 28, 2021 /EINPresswire.com/ -- 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 Personal analytics market 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.

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.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/9922

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.

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 Market Players:
• 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.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/9922

Similar Reports:

1. Service Analytics Market

2. Analytics as a Service Market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+18007925285 ext.
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.