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The SaaS-Based Business Analytics Market is projected to grow by USD 10.19 Billion (2024-2028), driven by the shift towards SOA and AI-driven market transformation – Technavio

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NEW YORK, Oct. 9, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global SaaS-based Business Analytics Market size is estimated to grow by USD 10.19 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.63%  during the forecast period. Shift toward SOA is driving market growth, with a trend towards rising demand for data integration and visual analytics. However, bandwidth and connectivity issues  poses a challenge – Key market players include Accenture Plc, Board International SA, GS Topco GP LLC, GoodData Corp., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Open Text Corporation, Oracle Corp., Planful Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Splunk Inc., Tableau Software LLC, Teradata Corp., and TIBCO Software Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Saas-Based Business Analytics Market Scope

Report Coverage

Details

Base year

2023

Historic period

–

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.63%

Market growth 2024-2028

USD 10198.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.14

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, Germany, China, UK, and Japan

Key companies profiled

Accenture Plc, Board International SA, GS Topco GP LLC, GoodData Corp., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Open Text Corporation, Oracle Corp., Planful Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Splunk Inc., Tableau Software LLC, Teradata Corp., and TIBCO Software Inc.

Market Driver

SaaS-based business analytics solutions enable enterprises to integrate their back-office systems with database management systems, streamlining workflows and granting users access to vast data sets. These tools facilitate the integration of technical and business processes from various sources, converting raw data into valuable insights. With the escalating volume of data, analyzing, transforming, monitoring, and interpreting data has become essential for businesses. Globalization necessitates real-time connections between customers, suppliers, and resources. To link multiple enterprise systems with web and wireless applications, companies require integration platforms. Businesses integrate data with business intelligence systems to examine various data sets, such as sales data, for informed decision-making. Organizations also combine business analytics software with visual analytics tools for the dynamic representation of data. Visual analytics technology generates graphical representations of charts and graphs, like heat maps, to essential points and metrics through various graphical reorientations. Microsoft’s Power BI, a SaaS-based business analytics solution, offers interactive visual analytics representations. 

The SaaS-based business analytics market is experiencing significant growth due to the increasing demand for data-driven insights in various industries, particularly in Big Finance and Business (BFSI). Advanced technologies like artificial intelligence (AI) and machine learning (ML) are driving this trend, enabling predictive analytics and process automation. Cloud technology, specifically cloud-based solutions, is a key factor in this growth. Large enterprises are increasingly moving away from on-premise software towards cloud-based approaches for data storage, management, and analysis. Tech-savvy consumers and digital transformation are also major drivers, with real-time insights and personalized services becoming increasingly important. Government investments in data analytics are also fueling growth. The market offers various data analytics tools, providing real-time analytics, data visualization, and data security. The pay-as-you-go model and subscription fees make these solutions accessible to businesses of all sizes. Network monitoring, asset utilization, sales performance, customer behavior, and customer service are some of the key areas where SaaS-based analytics is making a difference. Data processing and data analysis are at the heart of these solutions, providing informed decisions and improving customer experience. Data security is a top priority, with various measures in place to ensure the confidentiality, integrity, and availability of data. 

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 Market Challenges

Cloud-based business analytics solutions, such as SaaS (Software as a Service), offer enterprises faster data access for efficient business operations. However, connectivity issues in the ICT (Information and Communication Technology) infrastructure can hinder performance. Packet loss and latency are common challenges when accessing cloud computing services from remote locations. Vendors must ensure their networking infrastructure is free from these issues to meet service level agreements. Network and data isolation are also concerns with SaaS-based business analytics software. To mitigate risks, vendors should provide backup and recovery solutions in case of network failures. Efficient connectivity is crucial for uninterrupted testing processes, ensuring seamless data access and server functionality.

The Saas-Based Business Analytics Market is experiencing significant growth due to the increasing demand for real-time data insights from various industries like Retail and E-commerce, Telecom and IT, Healthcare, and SMEs. However, challenges persist in delivering an optimal customer experience with personalized services, ensuring data security, and handling mission-critical workloads. Data processing and visualization require technical expertise, and the choice between on-site and cloud-based approaches depends on factors like bandwidth and connection. Data analytics tools must integrate seamlessly with hardware and provide data science capabilities for data-driven decisions. Big data and business intelligence are essential for informed decisions, but the pay-as-you-go model and subscription fees can be a concern for some organizations. Data integration is crucial, and service-oriented architecture plays a vital role in ensuring seamless data flow. Challenges in data processing, data visualization, data security, and data analytics tools can hinder the adoption of Saas-Based Business Analytics. Addressing these challenges requires a focus on real-time analytics, data science, and a user-friendly interface for various industries, including retailers and data-driven startups.

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Segment Overview 

This saas-based business analytics market report extensively covers market segmentation by  

End-user 1.1 Retail1.2 BFSI1.3 Telecom1.4 Healthcare1.5 OthersGeography 2.1 North America2.2 Europe2.3 APAC2.4 South America2.5 Middle East and Africa

1.1 Retail-  The retail industry’s dynamic nature, driven by e-commerce technologies, necessitates effective business analytics for maximizing profits. Retailers can reduce capital expenditure by subscribing to cloud-based retail analytics solutions, which connect stakeholders in the supply chain management (SCM) systems. Real-time decision-making is achievable through business analytics in SCM, with leading retailers like Walmart utilizing this for operational efficiency and control. Despite the COVID-19 pandemic’s negative impact, the adoption of cloud-based applications is forecasted to fuel market growth.

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Research Analysis

The Saas-based business analytics market is experiencing significant growth due to the increasing adoption of advanced technologies such as big data analytics, predictive analytics, artificial intelligence, and machine learning. These technologies enable process automation and data integration, providing insights that help businesses make informed decisions in real-time. The cloud technology-driven model offers flexibility, scalability, and cost savings, making it an attractive option for industries such as BFSI and telecom, as well as retailers and SMEs. On-site business analytics and service-oriented architecture are also being complemented by the on-demand, on-cloud analytics solutions. E-commerce technology and data science are further driving the market growth by providing visual analytics and advanced analytics capabilities. Overall, the market is poised for continued growth as more businesses recognize the value of data-driven insights.

Market Research Overview

The SaaS-based business analytics market is experiencing significant growth due to the increasing adoption of advanced technologies like Big data analytics, machine learning, and artificial intelligence. These technologies enable process automation, real-time insights, and data-driven decisions for businesses across various industries, including BFSI, retail, telecom, and healthcare. Cloud technology plays a crucial role in delivering on-demand, flexible, and cost-effective solutions for large enterprises and data-driven startups alike. Cloud-based solutions, available in public, private, and hybrid models, offer advantages such as pay-as-you-go and subscription fees, making them an attractive alternative to on-premise software. Real-time analytics and machine learning solutions provide valuable data insights for tech-savvy consumers, driving digital transformation and customer experience enhancements. Government investments and customer behavior data analysis contribute to the market’s growth, with applications ranging from network monitoring and asset utilization to real-time energy trading and customer service. Data management, data security, and data visualization tools are essential components of SaaS-based business analytics, ensuring informed decisions and mission-critical workloads. SMEs and data-driven startups benefit from the cloud-based approach, which offers scalability, ease of integration, and affordability. The market also caters to industries like retail and e-commerce, telecom and IT, and healthcare, addressing their unique data processing and bandwidth requirements. Overall, the SaaS-based business analytics market continues to evolve, driven by the increasing importance of data-driven insights and informed decision-making.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userRetailBFSITelecomHealthcareOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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AstroRad Vest Worn by Astronauts Aboard International Space Station to Go on Display at Smithsonian National Air and Space Museum

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October 30, 2026

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The historic exhibition follows landmark radiation protection findings from NASA’s Artemis I mission, whose AstroRad vest is separately displayed at Kennedy Space Center.

TAMPA, Fla., Oct. 30, 2026 /PRNewswire/ — StemRad, a developer of advanced radiation protection technology, shared that one of its AstroRad radiation protection vests, flown aboard the International Space Station (ISS) and worn by five space travelers, will go on display in the At Home in Space gallery at the Smithsonian’s National Air and Space Museum in Washington, D.C.

The vest was worn by four female American astronauts and an Israeli private astronaut during everyday activities aboard the ISS, including work and sleep. These in-orbit evaluations provided valuable experience with the practicality and comfort of wearable radiation protection during extended space missions.

The Smithsonian exhibition follows the recent publication of landmark scientific findings in Science Advances from NASA’s Artemis I mission. The research demonstrated AstroRad’s ability to dramatically reduce radiation exposure during potentially cancer-inducing solar radiation storms: for the August 1972 storm, which occurred between Apollo 16 and 17, a 60% reduction in dose was demonstrated (roughly 1,200 chest X-rays). This provided important evidence for protecting astronauts on future missions to the Moon and Mars.

The AstroRad vest that traveled around the Moon aboard Artemis I is separately on display at NASA’s Kennedy Space Center Visitor Complex in Florida. Together, the two exhibits trace AstroRad’s journey from operational evaluations aboard the ISS to radiation protection research beyond Earth’s magnetic field.

“Having AstroRad displayed at the Smithsonian is a tremendous honor and a proud milestone for our team,” said Dr. Oren Milstein, CEO and Co-Founder of StemRad. “Knowing that a technology we developed to help protect astronauts is now being recognized as part of the history of space exploration is incredibly rewarding. With AstroRad also on display at Kennedy Space Center following the groundbreaking Artemis I mission, we hope these exhibits will inspire future generations to tackle the challenges of human space exploration.”

“The AstroRad vest helps tell two stories in the new At Home in Space exhibit,” said Dr. Jennifer Levasseur, Museum Curator, and the lead curator for the gallery. “Importantly, the vest represents efforts to protect astronauts from the significant concern of increased radiation exposure on long duration spaceflights. It’s also an example of how technology demonstrations on the ISS will inform future human deep space exploration.” AstroRad was developed by StemRad in collaboration with Lockheed Martin to address one of the principal challenges of human space exploration: exposure to harmful ionizing radiation. The ISS operational evaluations, the Artemis I scientific results, and the Smithsonian and Kennedy Space Center exhibitions collectively highlight the growing role of wearable radiation protection in the future of human spaceflight.

About StemRad

StemRad is an American-Israeli company specializing in personal radiation protection technologies. Its solutions are designed to protect critical organs and tissues from harmful ionizing radiation while preserving mobility and operational effectiveness. StemRad develops radiation protection solutions for space exploration, emergency response, and defense applications.

Media Contact
StemRad
Tamar Cohen
+1-813-291-2303
425954@email4pr.com
www.stemrad.com

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Three Products Featuring TCL CSOT Displays Named to TIME’s Best Inventions of 2026

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October 30, 2026

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SHENZHEN, China, Oct. 30, 2026 /PRNewswire/ — TCL’s flagship X11L SQD-Mini LED TV, the XTEINK X4 Pro Pocket eReader and the Framework Laptop 13 Pro have been named to TIME’s Best Inventions of 2026 list. All three products feature displays supplied by TCL CSOT.

TCL X11L: Advancing Large-Screen Picture Quality

As the only Chinese TV selected in the consumer electronics category of TIME’s Best Inventions of 2026, the TCL X11L features the TCL CSOT WHVA 2.0 Ultra Panel, delivering a native contrast ratio of 7,000:1 and 100% BT.2020 color space coverage. Its display technology combines the TCL CSOT Ultra Color Filter with 20,736 Precise Dimming Zones and 10,000-nit peak HDR brightness. Powered by SQD-Mini LED technology, which delivers an industry-leading color gamut, the X11L captures subtle variations in light, further advancing large-screen picture quality.

In its Best Inventions of 2026 coverage, TIME noted that “those who manufacture TVs are constantly seeking new ways to one-up their competitors, either through unique design or unmatchable image quality.” The TCL X11L, the publication stated, “promises the latter with an LED panel that employs ‘super quantum dot’ technology, designed with the capacity to emit light at more specific nanometer wavelengths than previously available tech. The resulting image is extremely color accurate but also impressively bright.”

XTEINK X4 Pro: Bringing Reading to Your Pocket

The XTEINK X4 Pro features a 4.3-inch E Ink display that uses reflective imaging technology and emits no blue light, delivering a paper-like reading experience designed to reduce eye fatigue during extended use. Its capacitive touchscreen and adjustable warm-and-cool front lighting help provide comfortable reading conditions throughout the day and night.

TIME wrote, “While the most popular e-readers are smaller than a hardcover, many are still a bit too large for true grab-and-go convenience. XTEINK filled the gap with its X3 and X4 e-readers.” Beyond its compact size, the XTEINK X4 Pro further enhances the reading experience with an upgraded, higher-capacity battery, making pocket-sized reading convenient at any time of day or night.

Framework Laptop 13 Pro: A Repairable, Upgradeable Laptop

The Framework Laptop 13 Pro combines a modular, repairable design with a custom 13.5-inch 2.8K touchscreen supplied by TCL CSOT. The display module measures 2.0 mm thick on the device side and 2.1 mm on the PCB side, with a weight of only 180 g, supporting the laptop’s modular architecture. The updated model also features a 74 Wh battery and a haptic trackpad, while its modular design allows users to replace or upgrade components and customize their configuration, from memory and keyboard options to ports.

TIME recognized the laptop for making high-performance computing more repairable and user-customizable. The newly updated Framework Laptop 13 Pro is more “like a bicycle,” says Framework CEO Nirav Patel. “Every part is easy to replace.” With an included screwdriver and components designed for replacement and upgrades, the laptop enables users to repair and personalize their devices themselves, and help extend product lifespan. By putting repair and customization in users’ hands, the Framework Laptop 13 Pro offers a more flexible and sustainable approach to personal computing.

The inclusion of all three products in TIME’s Best Inventions of 2026 highlights not only the strength of each product, but also TCL CSOT’s end-to-end capabilities from technology R&D to industry collaboration. Looking ahead, TCL CSOT will continue to advance multiple display technology pathways and collaborate with industry partners to expand applications across diverse scenarios, bringing high-quality, slim, eye-care and environmentally friendly display solutions to more users.

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Bybit Brings Its New Financial Platform Vision to Hong Kong FinTech Week 2026

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October 30, 2026

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LISBON, Portugal, Oct. 30, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, announced its participation in Hong Kong FinTech Week (HKFTW) 2026, Asia’s premier fintech summit bringing together global financial leaders, regulators, and innovators at the Hong Kong Convention and Exhibition Centre from November 2 to 6, 2026.

Bybit’s senior leadership will take the stage during the two-day main conference, joining more than 1,000 global speakers and 45,000 participants from over 120 economies at one of the year’s most anticipated events for changemakers in financial services and innovation.

Ben Zhou, Co-founder and CEO of Bybit, will deliver a fireside chat on the Main Stage on November 3 titled “Bridging the Divide: The Next Chapter of TradFi & Crypto Convergence.” The session will explore how AI-driven platform innovation, institutional-grade infrastructure and asset tokenization are reshaping the boundary between traditional financial markets and the digital asset ecosystem.

Sean Ballard, Head of Derivatives and Institutional Business at Bybit, will join a panel discussion titled “The Future of Trading: Next-Generation Market Infrastructure and Liquidity” alongside executives from Panthertrade, Gravity Team and BitGo on November 3. The panel will examine how AI-driven execution models, tokenized market access, and synchronized liquidity pools are converging to create more resilient, capital-efficient and accessible trading infrastructure for professional market participants.

Themed “Fintech Nexus: Bridging the World, Building the Future”, HKFTW 2026 is organized around three strategic engines: Finance+, AI+, and Go Global, reflecting the city’s role as a super-connector between capital, innovation and international markets. The event features 10 dedicated forums, including the Digital Assets and Web3 Forum and the AI in Finance Forum, with keynote speakers from leading global financial institutions and regulators.

Bybit is not licensed by the Hong Kong Securities and Futures Commission, and its services are not available to the public in Hong Kong.

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
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