Advanced Analytics Market By Offering (Software, Service), By Deployment Mode (On-premise, Cloud), By Type (Predictive Analytics, Prescriptive Analytics, Data Visualization, Data Mining, Others), By Application (Supply Chain, Sales and Marketing, Finance, Human resources (HR), Others), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Transportation and Logistics, Retail and E-commerce, IT and Telecom, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
Advanced analytics is the examination of data using advanced techniques to predict trends and predict occurrences. It examines massive data sets using cutting-edge techniques such as machine learning and AI, as well as other statistical analyses and algorithms. The primary goal of advanced analytics solutions is to detect trends and gain deeper insights that go beyond typical business intelligence tools. Advanced analytics include descriptive, diagnostic, predictive, and prescriptive analytics, as well as data mining and other advanced, high-level data science methodologies.
The rise in demand for work from home and remote working policies during the period of the COVID-19 pandemic aided in propelling the growth of global data analytics and remote management solutions, hence empowering the demand for the overall advanced analytics industry. However, data privacy and sharing challenges of third-party advanced analytics platforms can hamper the advanced analytics market forecast. On the contrary, the integration of advanced tools such as machine learning and data analytics with advanced analytics solutions suites is expected to offer remunerative opportunities for expansion of the advanced analytics industry during the forecast period.
The advanced analytics market is segmented on the basis of offering, deployment model, type, application, enterprise size, industry vertical, and region. On the basis of offering, the industry is bifurcated into software and service. Depending on deployment mode, the market is classified into on premise and cloud. By type, the industry is divided into predictive analytics, prescriptive analytics, data visualization, data mining, others. On the basis of application, the industry is segmented into supply chain, sales & marketing, finance, human resources (HR), and others. By enterprise size, the market is categorized into large enterprises and SMEs. The industry vertical covered in the study include BFSI, manufacturing, healthcare, government & defense, energy & utilities, transportation & logistics, retail & e-commerce, IT & telecom, media & entertainment, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global advanced analytics market is dominated by key players such as Adobe, AWS, Absolutedata, Altair Engineering Inc, Databricks, Dataiko, IBM Corporation, KNIME, Microsoft Corporation, Moody's Analytics, Oracle Corporation, QlikTech International AB, All, Rapid Miner, SAS Institute, SAP SE, Salesforce, and Teradata. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced analytics market analysis from 2021 to 2031 to identify the prevailing advanced analytics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the advanced analytics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global advanced analytics market trends, key players, market segments, application areas, and market growth strategies.
Product Life Cycles
Additional company profiles with specific to client's interest
Expanded list for Company Profiles
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market SegmentsBy Industry VerticalBFSI
Sector
Banks
Insurance Companies
Others
Manufacturing
Healthcare
Government and Defense
Energy and Utilities
Transportation and Logistics
Retail and E-commerce
IT and Telecom
Media and Entertainment
Others
By OfferingSoftware
Service
Service Type
Professional Services
Managed Services
By Deployment ModeOn-premise
Cloud
By TypePredictive Analytics
Prescriptive Analytics
Data Visualization
Data Mining
Others
By ApplicationSupply Chain
Sales and Marketing
Finance
Human resources (HR)
Others
By Enterprise SizeLarge Enterprises
SMEs
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest Of Europe
Asia-Pacific
China
Japan
South Korea
Australia
India
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersDataiku
Adobe
IBM Corporation
Microsoft Corporation
moody's analytics
Teradata
Absolutedata
Databricks
QlikTech International AB
KNIME
Oracle Corporation
Rapid Miner
Salesforce
SAP SE
SAS Institute
Amazon Web Services, Inc.
Altair engineering inc
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