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Key Influencer in the Advanced Analytics Market 2025: Increasing Adoption Of Analytical Solutions Boosts Growth In The Advanced Analytics Market Driver
Advanced Analytics Market Size
The advancement of the advanced analytics market is likely to be fueled by the increasing application of analytical solutions. These solutions, used expansively in sectors such as retail, agriculture, banking and more, come in handy for demand forecasting, trade promotion optimization, and behavior analytics. While analytical solutions address already existing problems, advanced analytics utilizes past trends to predict future occurrences. Their mutual interrelation provides comprehensive solutions and forecasts. For example, the UK's Department for Digital, Culture, Media and Sport (DCMS) reported in January 2022 that data management and analytical AI solutions are the most popular, utilized by 9% of UK establishments. They are followed by natural language processing and generation (8%), machine learning (7%), artificial intelligence hardware (5%), as well as computer vision and image processing and creation (5%). It's anticipated that the growing demand and investments in analytical solutions will spur the growth of the advanced analytics market.
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What is the projected compound annual growth rate (CAGR) of the advanced analytics market from 2025 to 2034, and what factors influence it?
In recent times, we've seen an extraordinary growth in the market size of advanced analytics. This sector is projected to expand from $47.33 billion in 2024 to $57.01 billion in 2025, representing a compound annual growth rate (CAGR) of 20.5%. The growth witnessed in the past can be traced back to factors such as the need for immediate insights, applications specific to various industries, emphasis on predictive analytics, demands of regulatory conformity, and the necessity for cost optimization.
Over the coming years, the advanced analytics market size is projected to experience exceptional expansion. It is anticipated to reach $139.92 billion in 2029, with an annual compound growth rate (CAGR) of 25.2%. The surge during this period can be credited to several factors such as the rapid growth in unstructured data, an increased emphasis on prescriptive analytics, a stress on data governance, the advent of personalized analytics solutions, and the consistent training of analytics models. Key trends expected during this forecast period encompass augmented analytics aimed at business users, real-time analytics with streaming data processing, the use of predictive and prescriptive analytics for decision-making support, the development of cross-functional analytics platforms, and the integration of blockchain for data protection.
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How are the latest trends influencing the growth of the advanced analytics market?
Technological innovation is an increasing trend that is getting traction in the advanced analytics market. The integration and progression of new technologies are instrumental in accelerating the growth of this market, ensuring better product offerings for consumers. For instance, Broadvoice, a cloud-based communication firm from the U.S, launched Broadvoice Advanced Analytics in October 2024. It provides businesses with actionable insights derived from real-time data and trend analysis, facilitating strategic, data-based decision making, and preemptive problem-solving. This platform combines data from UCaaS and CCaaS to enhance operations, service delivery, agent performance, and overall customer experience by identifying and rectifying weak spots and optimizing processes.
What are the major segments of the advanced analytics market and their role in driving growth?
The advanced analytics market covered in this report is segmented -
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 Defense, Manufacturing, Media And Entertainment, Other Verticals
Subsegments:
1) By Big Data Analytics: Descriptive Analytics, Diagnostic Analytics, Prescriptive Analytics, Real-Time Analytics
2) By Predictive Analytics: Machine Learning Models, Statistical Analysis, Time Series Analysis, Forecasting Tools
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Which regions are key players in the growth of the advanced analytics market?
North America was the largest region in the advanced analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the advanced analytics market?
Major companies operating in the advanced analytics market include 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 Technolohgies 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
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What Is Covered In The Advanced Analytics Global Market Report?
•Market Size Forecast: Examine the advanced analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the advanced analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the advanced analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the advanced analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the advanced analytics market.
•Competitive Landscape: Review strategic developments in the advanced analytics market, including expansions, agreements, and new product launches.
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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…
