Global Advanced Analytics
Market Report
2024
Advanced Analytics market is anticipated to increase from 164.3 billion in 2023, at a compound yearly growth rate (CAGR) of 30.6%.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Advanced Analytics market is anticipated to increase from 164.3 billion in 2023, at a compound yearly growth rate (CAGR) of 30.6%.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Advanced Analytics Market Sales Revenue 2022 | $ 125.62 Billion |
Global Advanced Analytics Market Sales Revenue 2024 | $ 164.3 Billion |
Global Advanced Analytics Market Sales Revenue 2030 | $ 170.43 Billion |
Global Advanced Analytics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.6% |
Market Split by Offering |
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Market Split by Type |
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Market Split by Business Function |
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Market Split by Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Advanced Analytics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Advanced Analytics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Advanced analytics solutions use statistical methods, machine learning, predictive modeling, and process automation to assess data or business information beyond the scope of standard business intelligence (BI) tools. Modern analytical techniques and data science algorithms are used by advanced analytics solutions to forecast future patterns and estimate the probability of likely events. The main factors contributing to the growth of the advanced analytics market are the increase popularity for industrial automation services and solutions, a rise in the acceptance of advanced technologies like artificial intelligence and the worldwide web of things and establishing public and private investments in applications and services that enable flawless data processing, particularly in nations that are developing.
Increased Need for More Complex and Advanced Analytics Tools - The need for more complex and advanced analytics tools that can handle massive data quantities and extract insightful information has arisen from the data's explosive expansion. This demand has been largely answered by AI and ML techniques, which allow firms to extract insights that would be hard or impossible to find using traditional analytics methods. These techniques can manage complicated and unorganized data sets. Because of this, companies in a variety of sectors are spending more money on advanced analytics solutions that use ML and AI to improve operations, streamline workflows, and provide them a competitive advantage. Businesses use AI and ML, for instance, to forecast equipment breakdowns, evaluate customer data and behavior, and improve supply chain efficiency. Increase in demand for cutting-edge analytics tools to enhance risk management and accelerate business expansion.
Market expansion is hampered by a lack of privacy and data security. The cost of implementing advanced analytics systems can include expenditures for hardware, software, learning, and continuing maintenance.
We have various report editions of Advanced Analytics Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In May 2023, SAP and IBM announced that IBM Watson technology will be integrated with SAP applications to offer additional automation and insights driven by Al.
(Source: https://technologymagazine.com/articles/sap-to-accelerate-ai-innovation-with-ibm-watson)
Top Companies Market Share in Advanced Analytics Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Because there are so many vendors of data analytics tools in the region. In addition, the demand for analytics tools to automate infrastructure is created by the prevalence of several start-ups and businesses implementing cutting-edge technology in nations like the United States and Mexico. Furthermore, a robust ecosystem of venture investors and entrepreneurs focused on Al exists in North America, which is promoting innovation in the space. North America is home to several of the top players in the advanced analytics industry, such as SAS Institute, IBM, Microsoft, and Oracle.
Asia-Pacific stands out as the fastest-growing region in the Advanced Analytics market due to several compelling reasons. The advanced analytics market report's country section offers specific market-impacting variables as well as domestic regulatory changes that have an effect on the industry's present and future developments. Some of the key indicators utilized to predict the market situation for certain countries are data points like demand volumes, manufacturing facilities and amounts, export import analysis, pricing trend analysis, the expense of raw materials, and both upstream and downstream value chain analysis.
The current report Scope analyzes Advanced Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Advanced Analytics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Analytics Industry growth. Advanced Analytics market has been segmented with the help of its Offering, Type Business Function, and others. Advanced Analytics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Advanced Analytics market.
Offering of Advanced Analytics analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Advanced Analytics Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the market for advanced analytics is anticipated to be significantly dominated by the big data analytics sector. Numerous variables, such as the growing acceptance and appeal of social media, virtual workplaces, and online business practices—all of which produce enormous volumes of data that demand sophisticated analytics solutions—are responsible for this increase. The rise of this market is being further fueled by the advent and use of big data analytics tools offered by Software as a Service (SaaS), which streamline business automation procedures.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Advanced Analytics market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Advanced Analytics Market is witnessing significant growth in the near future.
In 2023, the Solutions segment accounted for noticeable share of global Advanced Analytics Market and is projected to experience significant growth in the near future.
The Big Data Analytics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM (US) , Google (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Offering | Solutions, Services |
Type | Big Data Analytics, Predictive Analytics, Customer Analytics, Statistical Analytics, Risk Analytics, Prescriptive Analytics, Other Type |
Business Function | HR, Sales & Marketing, Finance & Accounting, Operations & Supply Chain, Other Business Functions |
Vertical | BFSI, IT and ITES, Retail & Consumer Goods, Manufacturing, Automotive & Transportation, Healthcare & Life Sciences, Media & Entertainment, Government & Defense, Telecom, Other Verticals |
List of Competitors | IBM (US), Oracle (US), Google (US), SAP (Germany), Microsoft (US), SAS Institute (US), KNIME (Switzerland), FICO (US), Altair (US), AWS (US), Salesforce (US), TIBCO Software (US), Altery (US), Teradata (US), Adobe (US), Absolutdata Analytics (US), Moody's Analytics (US), Qlik (US), Databricks (US) |
This chapter will help you gain GLOBAL Market Analysis of Advanced Analytics. Further deep in this chapter, you will be able to review Global Advanced Analytics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Advanced Analytics Market Trends North America Advanced Analytics Technological Road Map North America Advanced Analytics Market Drivers North America Advanced Analytics Market Restraints North America Advanced Analytics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Type Analysis 2019 -2031
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Chapter 12 Market Split by Business Function Analysis 2019 -2031
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Chapter 13 Market Split by Vertical Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Analytics market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solutions have a significant impact on Advanced Analytics market? |
What are the key factors affecting the Solutions and Services of Advanced Analytics Market? |
What is the CAGR/Growth Rate of Big Data Analytics during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Analytics Market? |
Which region is expected to dominate the global Advanced Analytics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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