Advanced Analytics Market Research Report by Forecast to 2023

Posted by Kiran on February 18th, 2020


Advanced Analytics Market Scenario:

The surge of enterprise data is anticipated to create a favorable growth space in the advanced analytics market. Reports that explore the information and communication technology industry have been offered by Market Research Future, which generates reports on industry verticals that assess the market expansion and scenarios.

The Advanced Analytics Industry stands to advance a CAGR of 15% in the course of the forecast period. The constant tuning of business processes is significantly reliant on the use of advanced analytics; this factor is expected to favorably add to the market’s growth opportunity in the coming period. The unified connectivity offered by the implementation of cloud services is anticipated to boost the market share in the upcoming period.


Major Key Players:

The noteworthy competitors in the advanced analytics market globally are SAS Institute (U.S.), KNIME AG (Switzerland), SAP SE (Germany), Oracle Corporation (U.S.), Statsoft, Angoss Software Corporation (Canada), IBM Corporation (U.S.), Microsoft Corporation (U.S.) and Fico (U.S.) among others.


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Segmental Analysis:

The segmentation of the advanced analytics market is conducted on the basis of type, region, and application. On the basis of type, the advanced analytics market is segmented into big data analytics, statistical analysis, customer analytics, business analytics social analytics, risk analytics, visual analytics, and predictive modeling. On the basis of application, the advanced analytics market is segmented into transportation & logistics, BFSI, IT & telecommunication, government & defense, consumer goods & retail, healthcare, and others. On the basis of region, the advanced analytics market is segmented into North America, Latin America, Europe, APAC, the Middle East, and Africa.


Detailed Regional Analysis:

The regional review of the advanced analytics is conducted on the basis of regions such as Latin America, Europe, North America, APAC, the Middle East and Africa. The North American region possesses the major share of the market across the world followed by the European region and the Asia Pacific region.

The U.S. and Canada are controlling the North American regional market due to the intensifying technological improvements and increasing implementation of artificial intelligence in the region. Furthermore, the region also has a well-established infrastructure, which permits quicker application of progressive technologies. Moreover, the increasing adoption of social media is another significant factor motivating the development of the advanced analytics market in the region.


Competitive Analysis:

The control of governmental plans on the market is inspiring further evolution of the market. The revolutionizations carried out in the logistic chain are anticipated to create encouraging possibilities for growth in the approaching period. The global currencies are envisaged to become steady, and as a result place exert a gainful impact on the market. The revival of investment inflow of capital is projected to add force to the market’s escalation in the forecast period.

The market is being highlighted by the active forces that are exerting an impressive influence. The advance in the mining of natural resources is additionally sustaining market expansion. The development of alternate raw material assets is likely to further focus on the supply demands in the market. The advancement in the effectiveness of production amenities is strengthening the market’s expansion pace in the approaching years. Also, innovations in technology are projected to apply a productive stimulation on the enrichment of the market.


Industry Updates:

Sep 2019 A provider of the next-generation business analytics platform for the enterprise, Pyramid Analytics, recently announced the launch of Pyramid v2020. The new version places unprecedented focus on ease of use, pairing the sophistication of an advanced analytics tool with a simplified user interface (UI) that lets users with diverse skills use business intelligence (BI) in all capacities.


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.



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Joined: October 18th, 2019
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