Press release
Global Advanced Analytics Market Trends, Share And Forecast To 2035
Advanced Analytics Market Share
Exponential growth witnessed due to industry specific applications and predictive analytics.
What Is The Projected Market Size Of The Global Advanced Analytics Market And Its Growth Rate?
• The advanced analytics market size in 2024 was $47.33 billion.
• Projected to grow to $57.01 billion in 2025 with a CAGR of 20.5%.
• Market growth in the historic period was driven by demand for real-time insights, industry-specific applications, focus on predictive analytics, regulatory compliance requirements, and cost optimization.
• The advanced analytics market size is expected to grow exponentially to $139.92 billion in 2029 at a CAGR of 25.2%.
• Forecasted growth can be attributed to the surge in unstructured data, focus on prescriptive analytics, emphasis on data governance, personalized analytics solutions, and continuous training of analytics models.
What Is Driving The Growth In The Advanced Analytics Market?
Growing usage of analytical solutions is likely to propel the growth of the advanced analytics market. Usage in various industries such as retail, agriculture, banking, etc. for demand forecasting, trade promotion optimization, and behavior analytics has been observed. Predictive analytics along with analytical solutions provide comprehensive solutions and forecasts. For instance, the Department for Digital, Culture, Media and Sport (DCMS), a UK-based government department, stated in January 2022, that about 9% of UK organizations are using AI solutions for data management and analysis, followed by natural language processing and generation (8%), machine learning (7%), AI hardware (5%), and computer vision and image processing and generation (5%). This rising demand and investment in analytical solutions are expected to drive the advanced analytics market growth.
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Who Are the Key Players Driving Advanced Analytics Market Growth?
• SAS Institute Inc.
• SAP SE
• IBM Corporation
• Oracle Corporation
• Dell Technologies Inc.
• Microsoft Corporation Inc.
• RapidMiner Inc.
• Altair Engineering Inc.
• Fair Isaac Corporation
• KNIME AG.
• Statsoft Technologies Pvt Ltd
• Teletrac Navman Ltd.
• Procon Analytics LLC.
• IMS Software Inc.
• CloudMade Ltd.
• TIBCO Software
• MicroStrategy
• RapidMiner
• DataRobot
• KNIME
• Sisense
• ThoughtSpot
• Information Builders
• Talend
• GoodData
• Splunk
• Teradata
• Pentaho
• Yellowfin
• Pyramid Analytics
What Are The Key Trends In The Advanced Analytics Market?
• Augmented analytics for business users.
• Real-time analytics and streaming data processing.
• Predictive and prescriptive analytics for decision support.
• Cross-functional analytics platforms.
• Blockchain integration for data security.
What Are The Segments Of The Global Advanced Analytics Market?
• 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 Defense, Manufacturing, Media And Entertainment, Other Verticals
Which Region Leads The Advanced Analytics Market?
North America was the largest region in the advanced analytics market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Advanced Analytics Market Global Market Report?
- Market Size Analysis: Analyze the Advanced Analytics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Advanced Analytics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Advanced Analytics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Advanced Analytics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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