Press release
Advanced Analytics Market Growth and Projection US$ 360.5Bn by 2031: Predictive, Prescriptive & Machine Learning Insights for Business Growth
Global Advanced Analytics Market reached US$ 51.3 Billion in 2023 and is expected to reach US$ 360.5 Billion by 2031, growing with a CAGR of 28.0% during the forecast period 2024-2031.The Advanced Analytics Market Report by DataM Intelligence offers comprehensive insights into the latest market trends, key growth drivers, and emerging challenges. Crafted to support smarter and faster decision-making, our reports blend in-depth data analysis with expert insights. At DataM Intelligence, we simplify complex market dynamics into actionable strategies-empowering businesses to remain competitive, scale confidently, and capitalize on the right opportunities in an ever-evolving landscape.
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Advanced Analytics Market Overview
Advanced Analytics refers to the use of sophisticated techniques and tools such as machine learning, data mining, predictive modeling, and statistical algorithms to uncover deeper insights, make forecasts, and drive strategic decisions based on large and complex datasets.
Research Methodology:
The global Advanced Analytics Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging challenges.
Segment Covered in the Advanced Analytics Market:
By Offering: Solutions, Services
By Type: Big Data Analytics, Business Analytics, Customer Analytics, Risk Analytics, Statistical Analysis, Others
By Deployment: On-premise, Cloud
By Enterprise Size: Large Enterprises, Small & Medium Enterprises (SMEs)
By End-User: (IT and Telecom, Retail, Manufacturing, Government, Energy and Utilities, Others)
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List of the Key Players in the Advanced Analytics Market:
Oracle Corporation, Infogain Corporation, Databricks, Salesforce, QlikTech International AB, Amazon Web Services, Inc., Adobe, SAS Institute., Teradata and Dataiku.
Industry Development:
On October 4, 2023, Act-On Software, a leading provider of enterprise marketing automation solutions, introduced its AI-powered advanced analytics platform. This new feature delivers powerful insights directly within the marketing automation system, enabling marketers to perform custom campaign analytics without relying on IT or data analysts.
On December 5, 2023, Duck Creek Technologies unveiled Duck Creek Clarity, the next evolution in data management and analytics. This cloud-native solution is designed to simplify the retrieval, oversight, and integration of data across Duck Creek's SaaS-based core systems, including policy, billing, and claims.
On December 6, 2023, FICO, a global leader in advanced analytics software, launched a new analytics platform for the banking sector in India. With 40% of the country's 1.4 billion population already using digital banking, the FICO Platform aims to enhance customer experiences by offering AI-driven decision-making tools tailored to the unique needs of the Indian market.
Regional Analysis for Advanced Analytics Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the Advanced Analytics market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the Advanced Analytics industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the Advanced Analytics market?
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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