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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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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