Press release
Advanced Analytics Market 2023 - Top Players, Market Share, Growth, Trends, And Forecast To 2032
Advanced Analytics Market Analysis
Advanced Analytics Market Size, Growth Rate, And Forecast
The global advanced analytics market size grew from $33.47 billion in 2022 to $40.65 billion in 2023 at a compound annual growth rate (CAGR) of 21.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The advanced analytics market size is expected to grow to $92.9 billion in 2027 at a CAGR of 23.0%.
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Advanced Analytics Market Drivers
Growing usage of analytical solutions is likely to propel the growth of the advanced analytics market. The analytical solutions are increasingly being used in various industries such as retail, agriculture, banking, and so on for demand forecasting, trade promotion optimization, and behavior analytics. Analytical solutions provide solutions to a problem that has already occurred. However, advanced analytics predicts future instances based on the trends of the past. Both of these are interrelated and when combined provide solutions and forecasts.
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Advanced Analytics Market Segments
1) By Type: Big Data Analytics, Predictive Analytics
2) By Component: Solution, Services
3) By Deployment Mode: Cloud, On-Premises
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
5) 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, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the advanced analytics market.
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Advanced Analytics Market Key Players
Major competitors in the advanced analytics market include IBM Corporation, Oracle Corporation, Dell Technologies Inc., Microsoft Corporation, RapidMiner Inc., Altair Engineering Inc., Fair Isaac Corporation.
The Business Research Company's "Global Advanced Analytics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Advanced Analytics Market Include:
1. Executive Summary
2. Advanced Analytics Market Characteristics
3. Advanced Analytics Market Trends And Strategies
4. Advanced Analytics Market - Macro Economic Scenario
5. Advanced Analytics Market Size And Growth
.........
26. Africa Advanced Analytics Market
27. Advanced Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Advanced Analytics Market
29. Advanced Analytics Market Future Outlook and Potential Analysis
30. Appendix
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Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
