PUBLISHER: Value Market Research | PRODUCT CODE: 1352831
PUBLISHER: Value Market Research | PRODUCT CODE: 1352831
The global demand for Advanced Analytics Market is presumed to reach the market size of nearly USD 247.4 BN by 2030 from USD 37.78 MN in 2022 with a CAGR of 23.22% under the study period 2023 - 2030.
Advanced Analytics encompasses a series of high-tech methods and equipment that helps in a better understanding of the data. This helps predict events and trends that are most likely to happen in the future. Organizations across the world take the help of this technology to analyze various aspects of their operations that ultimately add to their decision-making process. So advanced analytics helps organizations to grow. Artificial intelligence, machine learning, data mining, predictive analytics, complex event processing, data visualizations, pattern matching, etc., are some of the areas of advanced analytics. The benefit of advanced analytics is that it helps organizations to streamline their operations and give a competitive advantage over others.
There is favorable growth in the advanced analytics market in the coming years. The tremendous popularity of online shopping, the role played by artificial intelligence and machine learning to personalize the customer experience, and the growing use of social media platforms are the prime drivers of growth. During the pandemic, businesses adopted advanced analytics solutions for better customer engagement. Moreover, the pandemic saw an overwhelming use of advanced analytics such as data mining and others in all business sectors. The use of analytics tools in applications such as the prediction of traffic, electricity consumption, and trade market will continue to drive growth. The volume of data has increased in today's business world, and advanced analytics help organizations in real-time monitoring of data and making better decisions. This contributes to the demand for advanced analytics solutions. Various government agencies and industrial sectors, such as banking, manufacturing, healthcare, etc., are investing heavily in these tools.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of advanced analytics. The growth and trends of advanced analytics industry provide a holistic approach to this study.
This section of the advanced analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Advanced Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the advanced analytics market include Altair Engineering, Inc.; Fair Isaac Corporation (FICO); International Business Machines Corporation; KNIME; Microsoft Corporation; Oracle Corporation; RapidMiner, Inc.; SAP SE; SAS Institute Inc.; Trianz. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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