Advanced Analytics Market
Information Technology

Global Advanced Analytics Market Overview And Prospects – Includes Advanced Analytics Market Share

Learn about the global advanced analytics market through The Business Research Company, which provides information on advanced analytics market size, advanced analytics market drivers and restraints, advanced analytics market players, the COVID-19 impact on the advanced analytics market, and more.

 

The global advanced analytics market size is expected to grow from $27.75 billion in 2021 to $33.42 billion in 2022 at a compound annual growth rate (CAGR) of 20.4%. The advanced analytic technologies market size is expected to grow to $74.39 billion in 2026 at a CAGR of 22.1%.

 

Growing usage of analytical solutions is likely to propel the growth of the advanced analytics market.

 

Request A Sample For The Global Advanced Analytics Market Report:
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Advanced Analytics Market
Advanced Analytics Market

 

The advanced analytics market consists of sales of the advanced analytic technologies by entities (organizations, sole traders, and partnerships) that refer to a data analysis methodology that uses predictive modeling, machine learning algorithms, deep learning, business process automation, and other statistical approaches to analyze corporate data from a variety of data sources. Advanced analytics makes use of data science, which includes mature methods of analysis, to forecast future trends and predict the possibility of prospective events. While basic business intelligence and analytics can provide a picture of the business, advanced analytics can estimate future patterns or outcomes for a more in-depth insight into the organization. Advanced analytics provides a broader set of capabilities to cope with difficulties that typical backward-looking BI cannot, allowing for more strategic decision-making in the future.

 

Global advanced analytics market segments include:

By Type: Big Data Analytics, Predictive Analytics

By Component: Solution, Services

By Deployment Mode: Cloud, On-Premises

By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)

By Vertical: Banking, Finance Services, and Insurance (BFSI), IT and Telecom, Retail and Consumer Goods, Healthcare and Life Sciences, Transportation and Logistics, Government and Defence, Manufacturing, Media and Entertainment, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the advanced analytics market in 2021.

 

Technology advancement is a key trend gaining popularity in the advanced analytics market. Introducing new technologies or technology advancements will help the growth of the advanced analytics market rapidly and provide an enhanced product to the customers.

 

TBRC’s advanced analytics market report covers:

Major Market Players: IBM Corporation, Oracle Corporation, Dell Technologies Inc., Microsoft Corporation, RapidMiner Inc., Altair Engineering Inc., Fair Isaac Corporation, KNIME AG., Statsoft, Teletrac Navman Ltd, Procon Analytics, IMS Software Inc, and CloudMade.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Advanced Analytics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides advanced analytics market overviews, analyzes and forecasts market size, share, advanced analytics market players, advanced analytics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s advanced analytics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

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