Global Advanced Analytics Market to Reach $221.5 Billion by 2030
The global market for Advanced Analytics estimated at US$68.8 Billion in the year 2023, is expected to reach US$221.5 Billion by 2030, growing at a CAGR of 18.2% over the analysis period 2023-2030. Big Data Analytics, one of the segments analyzed in the report, is expected to record a 19.2% CAGR and reach US$81.4 Billion by the end of the analysis period. Growth in the Customer Analytics segment is estimated at 20.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $21.7 Billion, While China is Forecast to Grow at 17.6% CAGR
The Advanced Analytics market in the U.S. is estimated at US$21.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$38 Billion by the year 2030 trailing a CAGR of 17.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.9% and 14.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.
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