Advanced Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Advanced Analytics Market
The advanced analytics market size was valued at USD 79.77 billion in 2022, and the market is now projected to grow from USD 97.69 billion in 2023 to USD 434.60 billion by 2030, exhibiting a CAGR of 23.8% during the forecast period of 2023-2030.
The increased demand for remote work policies pandemic has raised demand for the software. The shift towards digitalization has impelled the demand significantly. The companies adopted highly developed business analytics solutions and systems to observe employee engagement and performance to heighten organizational productivity. Hence, the COVID-19 pandemic created significant opportunities on the advanced analytics market growth.
The advanced analytics market share globally has increased due to the increasing demand for improving risk management. The growing volume, velocity, and variety of data necessitate requirements for rich data sources. It allows organizations to take advantage of analytical techniques for making data-driven decisions. It develops diverse risk management ways to utilize this technology for identification, assessment, alleviation, and monitoring.
The trend is integration of AI and ML technology with advanced analytics tools for actionable insights to boost market growth. The growing merger of edge computing with analytical tools enhances real-time processing and analysis of data to improve security and consistency. The growing combination of Artificial Intelligence and Machine Learning derive deep data insights by enhancing the accuracy and effectiveness of business maneuver.
Comprehensive Analysis of Advanced Analytics Market
The advanced analytics market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by types of deployment, type, application, and industry. The deployment is classified as on-premise and cloud. The types are divided into predictive, text, prescriptive, risk analytics, data mining, and others. The application comprises finance and accounting, operation and supply chain, HR, sales & marketing, and others. The industries are retail and consumer goods, manufacturing, and healthcare. BFSI, government, IT & telecom, media & entertainment, and others are also included in industry.
The North American region is conducive to the global advanced analytics market, leading to a recall of USD 29.27 billion because of the existence of a large number of data analytics tool suppliers.
The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include AVEVA Group Limited (U.S.), RapidMiner, Inc. (U.S.), Experian Information Solutions, Inc. (U.S.), IBM Corporation (U.S.), Teleperformance Group (France), Altair Engineering, Inc. (U.S.), Oracle Corporation (U.S.), SG Analytics Pvt. Ltd. (U.S.), Alteryx (U.S.), and Intel Corporation (U.S.), these market players provide a level-playing competitive landscape.
In December 2023, FICO launched its new cloud-based platform in India for banking. It is reshaping its business models and delivering better customer experience. Implementation of this platform includes HDFC Bank, AU Small Finance Bank, and Axis Bank.
Segmentation Table
Global Advanced Analytics Market Scope
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 23.8% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Deployment
Cloud
On-premise
By Type
Predictive Analytics
Text Analytics
Prescriptive Analytics
Data Mining
Risk Analytics
Others (Multimedia Analytics)
By Application
HR
Sales & marketing
Operations & Supply Chain
Finance & Accounting
Others
By Industry
BFSI
Retail & Consumer Goods
Manufacturing
Healthcare
IT & Telecom
Media & Entertainment
Government
Others (Transportation, Energy & Utility)
By Region
North America (By Deployment, By Type, By Application, By Industry, and By Country)
U.S. (By Industry)
Canada (By Industry)
Mexico (By Industry)
Europe (By Deployment, By Type, By Application, By Industry, and By Country)
U.K. (By Industry)
Germany (By Industry)
France (By Industry)
Italy (By Industry)
Spain (By Industry)
Russia (By Industry)
Benelux (By Industry)
Nordics (By Industry)
Rest of Europe
Asia Pacific (By Deployment, By Type, By Application, By Industry, and By Country)
China (By Industry)
Japan (By Industry)
India (By Industry)
South Korea (By Industry)
ASEAN (By Industry)
Oceania (By Industry)
Rest of Asia Pacific
Middle East & Africa (By Deployment, By Type, By Application, By Industry, and By Country)
Turkey (By Industry)
Israel (By Industry)
GCC (By Industry)
North Africa (By Industry)
South Africa (By Industry)
Rest of the Middle East & Africa
South America (By Deployment, By Type, By Application, By Industry, and By Country)
Brazil (By Industry)
Argentina (By Industry)
Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Advanced Analytics Key Players Market Share/Ranking, 2022
- 5. Global Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-premise
- 5.3. By Type (USD)
- 5.3.1. Predictive Analytics
- 5.3.2. Text Analytics
- 5.3.3. Prescriptive Analytics
- 5.3.4. Data Mining
- 5.3.5. Risk Analytics
- 5.3.6. Others (Multimedia Analytics)
- 5.4. By Application (USD)
- 5.4.1. HR
- 5.4.2. Sales & Marketing
- 5.4.3. Operations & Supply Chain
- 5.4.4. Finance & Accounting
- 5.4.5. Others
- 5.5. By Industry (USD)
- 5.5.1. BFSI
- 5.5.2. Retail & Consumer Goods
- 5.5.3. Manufacturing
- 5.5.4. Healthcare
- 5.5.5. IT & Telecom
- 5.5.6. Media & Entertainment
- 5.5.7. Government
- 5.5.8. Others (Transportation, Energy & Utility)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Middle East & Africa
- 5.6.5. South America
- 6. North America Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-premise
- 6.3. By Type (USD)
- 6.3.1. Predictive Analytics
- 6.3.2. Text Analytics
- 6.3.3. Prescriptive Analytics
- 6.3.4. Data Mining
- 6.3.5. Risk Analytics
- 6.3.6. Others (Multimedia Analytics)
- 6.4. By Application (USD)
- 6.4.1. HR
- 6.4.2. Sales & Marketing
- 6.4.3. Operations & Supply Chain
- 6.4.4. Finance & Accounting
- 6.4.5. Others
- 6.5. By Industry (USD)
- 6.5.1. BFSI
- 6.5.2. Retail & Consumer Goods
- 6.5.3. Manufacturing
- 6.5.4. Healthcare
- 6.5.5. IT & Telecom
- 6.5.6. Media & Entertainment
- 6.5.7. Government
- 6.5.8. Others (Transportation, Energy & Utility)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. By Industry
- 6.6.2. Canada
- 6.6.2.1. By Industry
- 6.6.3. Mexico
- 6.6.3.1. By Industry
- 7. Europe Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-premise
- 7.3. By Type (USD)
- 7.3.1. Predictive Analytics
- 7.3.2. Text Analytics
- 7.3.3. Prescriptive Analytics
- 7.3.4. Data Mining
- 7.3.5. Risk Analytics
- 7.3.6. Others (Multimedia Analytics)
- 7.4. By Application (USD)
- 7.4.1. HR
- 7.4.2. Sales & Marketing
- 7.4.3. Operations & Supply Chain
- 7.4.4. Finance & Accounting
- 7.4.5. Others
- 7.5. By Industry (USD)
- 7.5.1. BFSI
- 7.5.2. Retail & Consumer Goods
- 7.5.3. Manufacturing
- 7.5.4. Healthcare
- 7.5.5. IT & Telecom
- 7.5.6. Media & Entertainment
- 7.5.7. Government
- 7.5.8. Others (Transportation, Energy & Utility)
- 7.6. By Country (USD)
- 7.6.1. United Kingdom
- 7.6.1.1. By Industry
- 7.6.2. Germany
- 7.6.2.1. By Industry
- 7.6.3. France
- 7.6.3.1. By Industry
- 7.6.4. Italy
- 7.6.4.1. By Industry
- 7.6.5. Spain
- 7.6.5.1. By Industry
- 7.6.6. Russia
- 7.6.6.1. By Industry
- 7.6.7. Benelux
- 7.6.7.1. By Industry
- 7.6.8. Nordics
- 7.6.8.1. By Industry
- 7.6.9. Rest of Europe
- 8. Asia Pacific Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-premise
- 8.3. By Type (USD)
- 8.3.1. Predictive Analytics
- 8.3.2. Text Analytics
- 8.3.3. Prescriptive Analytics
- 8.3.4. Data Mining
- 8.3.5. Risk Analytics
- 8.3.6. Others (Multimedia Analytics)
- 8.4. By Application (USD)
- 8.4.1. HR
- 8.4.2. Sales & Marketing
- 8.4.3. Operations & Supply Chain
- 8.4.4. Finance & Accounting
- 8.4.5. Others
- 8.5. By Industry (USD)
- 8.5.1. BFSI
- 8.5.2. Retail & Consumer Goods
- 8.5.3. Manufacturing
- 8.5.4. Healthcare
- 8.5.5. IT & Telecom
- 8.5.6. Media & Entertainment
- 8.5.7. Government
- 8.5.8. Others (Transportation, Energy & Utility)
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.1.1. By Industry
- 8.6.2. Japan
- 8.6.2.1. By Industry
- 8.6.3. India
- 8.6.3.1. By Industry
- 8.6.4. South Korea
- 8.6.4.1. By Industry
- 8.6.5. ASEAN
- 8.6.5.1. By Industry
- 8.6.6. Oceania
- 8.6.6.1. By Industry
- 8.6.7. Rest of Asia Pacific
- 9. Middle East & Africa Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-premise
- 9.3. By Type (USD)
- 9.3.1. Predictive Analytics
- 9.3.2. Text Analytics
- 9.3.3. Prescriptive Analytics
- 9.3.4. Data Mining
- 9.3.5. Risk Analytics
- 9.3.6. Others (Multimedia Analytics)
- 9.4. By Application (USD)
- 9.4.1. HR
- 9.4.2. Sales & Marketing
- 9.4.3. Operations & Supply Chain
- 9.4.4. Finance & Accounting
- 9.4.5. Others
- 9.5. By Industry (USD)
- 9.5.1. BFSI
- 9.5.2. Retail & Consumer Goods
- 9.5.3. Manufacturing
- 9.5.4. Healthcare
- 9.5.5. IT & Telecom
- 9.5.6. Media & Entertainment
- 9.5.7. Government
- 9.5.8. Others (Transportation, Energy & Utility)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. By Industry
- 9.6.2. Israel
- 9.6.2.1. By Industry
- 9.6.3. GCC
- 9.6.3.1. By Industry
- 9.6.4. North Africa
- 9.6.4.1. By Industry
- 9.6.5. South Africa
- 9.6.5.1. By Industry
- 9.6.6. Rest of MEA
- 10. South America Advanced Analytics Market Size Estimates and Forecasts, By Segments, 2017-2030
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud
- 10.2.2. On-premise
- 10.3. By Type (USD)
- 10.3.1. Predictive Analytics
- 10.3.2. Text Analytics
- 10.3.3. Prescriptive Analytics
- 10.3.4. Data Mining
- 10.3.5. Risk Analytics
- 10.3.6. Others (Multimedia Analytics)
- 10.4. By Application (USD)
- 10.4.1. HR
- 10.4.2. Sales & Marketing
- 10.4.3. Operations & Supply Chain
- 10.4.4. Finance & Accounting
- 10.4.5. Others
- 10.5. By Industry (USD)
- 10.5.1. BFSI
- 10.5.2. Retail & Consumer Goods
- 10.5.3. Manufacturing
- 10.5.4. Healthcare
- 10.5.5. IT & Telecom
- 10.5.6. Media & Entertainment
- 10.5.7. Government
- 10.5.8. Others (Transportation, Energy & Utility)
- 10.6. By Country (USD)
- 10.6.1. Brazil
- 10.6.1.1. By Industry
- 10.6.2. Argentina
- 10.6.2.1. By Industry
- 10.6.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. AVEVA Group Limited
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. RapidMiner, Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Experian Information Solutions, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. IBM Corporation
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Oracle Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Teleperformance Group
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Altair Engineering, Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. SG Analytics Pvt. Ltd.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Intel Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Alteryx
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook