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Advanced Analytics Market Report 2023: Comprehensive Research Study By Key Players: IBM Corporation, Oracle Corporation, Dell Technologies Inc., Microsoft Corporation, RapidMiner Inc
Advanced Analytics Market Report 2023
The Business Research Company's Advanced Analytics Global Market Report 2023 the rising demand and investments in analytical solutions as the major driver for the advanced analytics market's growth in the forecast period. For instance, in January 2020, according to the Willis Towers Watson Public Limited Company's survey 2020, a UK-based multinational insurance advisor company, approximately 77% of insurance businesses want to apply advanced analytics on consumer data, and 54% of those organizations have already started doing so. Moreover, due to the usage of advanced analytics, 86% of respondents report seeing a positive impact on bottom-line performance, and 68% report seeing a good impact on top-line performance already.
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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Major competitors in the advanced analytics market are IBM Corporation, Oracle Corporation, Dell Technologies Inc., Microsoft Corporation, RapidMiner Inc., Altair Engineering Inc., Fair Isaac Corporation, KNIME AG., Statsoft, Teletrac Navman Ltd., Procon Analytics, IMS Software Inc., and CloudMade.
A key trend in the advanced analytics market includes technology advancement. Introducing new technologies or technology advancements will help the growth of the advanced analytics market rapidly and provide an enhanced product to the customers. For instance, in August 2021, CROSSMARK, a sales and marketing services agency, announced the national introduction of Accelerator, a state-of-the-art data analysis platform for CPG sales and marketing activities.
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The advanced analytics market is segmented -
• By Type: Big Data Analytics, Predictive Analytics
• By Component: Solution, Services
• By Deployment Mode: Cloud, On-Premises
• By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
• 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
The Business Research Company's "Global Advanced Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……………
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…
