The Business Research Company’s report goes into great detail on the advanced analytics market size and growth, advanced analytics market regional analysis, advanced analytics market competitive landscape, and other critical information needed to excel in the advanced analytics industry.

Major players in the advanced analytics market include 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

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%.

North America was the largest region in the advanced analytics market in 2021.

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.

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

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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 Global Advanced Analytics Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Advanced Analytics Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the advanced analytics market globally and regionally, analyzes and forecasts market size, share, advanced analytics market players, advanced analytics market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

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