Advanced Analytics Market Scenario:
Market
Research Future (MRFR) reveals different forces that can impel the expansion of
the global advanced analytics market 2020, in its latest report. The impact of
pandemic on the advanced analytics market is elaborate in the report. As per
MRFR study, the advanced analytics market is projected to experience an
exponential rise in the forecast period. This is due to increase in the need
for cloud-based technologies across various verticals. MRFR study states that
the advanced analytics market value can touch USD 22 billion at 15% CAGR across
the forecast period 2017-2023.
The
high adoption of artificial intelligence driven solutions by different regions
are expected to impel the expansion of the Advanced Analytics Market in
the analysis period. The rise in the demand for advanced analytics solutions
among high end users can drive the expansion of the advanced analytics global
market. The increase in the volume of enterprise data generated requires
high-tech analytical solutions, which can drive the expansion of the market.
The growth of the advanced analytics market can also be attributed to the rise
in the demand for effective data management solutions by different enterprises.
The widespread acceptability of modern advanced analytics techniques can fuel
the rise of the advanced analytics market in the years to come.
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Major Key Players:
Angoss
Software Corporation (Canada), SAS Institute (U.S.), Statsoft, IBM Corporation
(U.S.), SAP SE (Germany), Oracle Corporation (U.S.), KNIME AG (Switzerland),
Microsoft Corporation (U.S.), and Fico (U.S.) among others are some reputed
names in the advanced analytics global market as listed by MRFR.
Market Segments:
The
segment analysis of the global advanced analytics market is done by type and
application.
The
type-based segments of the advanced analytics market are big data analytics,
statistical analysis, visual analytics, customer analytics, social analytics,
predictive modeling, risk analytics, and business analytics.
The
application-based segments of the advanced analytics market are healthcare,
BFSI, consumer goods & retail, government & defense, IT &
telecommunication, transportation & logistics, and others. The BFSI
application of advanced analytics are customer profitability, regulatory
reforms, credit risk analysis, operational efficiency, fraud detection and
management, risk management, process optimization, and budgeting and planning.
The IT and telecommunication applications of advanced analytics are cell site
optimization, revenue assurance, campaign management, network dynamics and
congestion control, customer profitability analysis, and social network
analysis. The healthcare applications of the advanced analytics are financial
performance, predictive modeling, and monitoring. The government & defense
applications of the advanced analytics are scenario and health planning. The
transportation & logistics applications of the advanced analytics market
are supply chain planning, quality lifecycle management, and sales &
operational planning. The consumer goods & retail applications of the
advanced analytics market are customer insight, price optimization, size
optimization, planning & organization, and merchandize planning.
Regional Study:
Trends
of the global advanced analytics market are studied across Europe, North
America, Asia Pacific, and the Rest of the World. In North America, the
advanced analytics market is likely surge across the forecast period due to
increase in the demand for advanced analytics market across different verticals
in the North America region. In addition, the presence of high number of
well-established players, such as IBM Corporation and Oracle Corporation can
earn high revenue for the regional market in the years to come.
In
APAC, the rise of sustainable economies can impel the expansion of the regional
market. In EU, the presence of well-established technical infrastructure, high
ingression of smart communication devices, and availability of better
connectivity can prompt EU advanced analytics market in the years to come.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1
Market Definition
2.2
Scope of the Study
2.2.1
Research Objectives
2.2.2
Assumptions & Limitations
2.3
Markets Structure
3 Market Research
Methodology
3.1
Research Process
3.2
Secondary Research
3.3
Primary Research
3.4
Forecast Model
Continued…
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Report Details @ https://www.marketresearchfuture.com/reports/advanced-analytics-market-5285
List of Tables
Table
1 Global Advanced Analytics Market: By Region, 2017-2023
Table
2 North America Advanced Analytics Market: By Country, 2017-2023
Table
3 Europe Advanced Analytics Market: By Country, 2017-2023
Continued…
List of Figures
Figure
1 Global Advanced Analytics Market Segmentation
Figure
2 Forecast Methodology
Figure
3 Porter’s Five Forces Analysis of Global Advanced Analytics Market
Continued…
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