Advanced Analytics Market Overview:
The advanced analytics process involves the autonomous or semi-autonomous analysis of data or content using sophisticated techniques and tools, often beyond those used in traditional business intelligence (BI), in order to discover deeper insights, make predictions, or generate recommendations. There are advanced analytical techniques such as data mining, machine learning, pattern matching, forecasting, visualization, semantic analysis, sentiment analysis, network and cluster analysis, multivariate statistics, graph analysis, simulation, complex event processing, and neural networks. Online shopping is becoming increasingly popular, and social media platforms are being more widely adopted. These factors are driving the growth of the market. Worldwide, businesses have generated an exponential amount of data in recent years. The gathered data is used by businesses to make better, real-time, and factual decisions. As a result, data management and strategic decision-making have become increasingly dependent on advanced analytics solutions. Furthermore, big data developments have helped improve the assessment abilities of data scientists. With big data analytics, enterprises can improve crucial business functions, processes, and objectives. Turning information into intelligence allows organizations to meet stakeholder demands, manage data volumes, manage risks, improve process controls, and boost administrative performance. The market growth is anticipated to be driven by the growing adoption of advanced analytics tools for applications such as predicting and forecasting electricity consumption, trade markets, and traffic trends. Advanced analytics can be used in demand forecasting to help organizations make informed decisions and enhance profitability. Recent years have seen government agencies and various industries, including banking, manufacturing, and professional services, invest heavily in big data analytics.
The communications industry is growing at an exponential rate owing to the technological advancements in recent years and with the advent of 5G wireless network technology, this industry is bound to showcase exceptional growth numbers over the next few years. Key players of the smartphone industry have initiated the manufacturing and distribution of 5G -enabled smartphones in developed nations and these devices shall soon be regularized across the world. Furthermore, technologies like artificial intelligence and machine learning have paved the way for the development of autonomous vehicles and with governments across the world taking initiatives in building an infrastructure compatible with these vehicles, it is predicted to grow at a remarkable rate in the upcoming years. Entertainment and recreational industries like gaming are exponentially proliferating with the introduction of augmented reality (AR) and virtual reality (VR) thus improving the overall gaming experience. The gaming industry is gaining huge popularity across the globe owing to the organization of international tournaments with bigger prize pools thus helping technologies like AR and VR reach every single corner of the world.
The assessment of the Advanced Analytics Market is performed considering various factors, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of market players. The Advanced Analytics Market is also analyzed based on the regional segmentation, product or technique, end-user spectrum, etc. This research will be conducted with the implementation of the latest market research methodologies which shall help organizations comprehend the overall market scenario and strategize accordingly.
Major players included in the Advanced Analytics Market:
• IBM
• Oracle
• SAS Institute
• SAP
• Fico
• Knime
• Microsoft
• Altair
• Rapidminer
• AWS
• Tibco Software
• Alteryx
• Teradata
• Adobe
• Absolutdata Analytics
• Moody’s Analytics
• Qlik
• Databricks
• Salesforce
• Dataiku
(Note: The list of the major players will be updated with the latest market scenario and trends)
Advanced Analytics Market Segmentation:
By Component
• Solution
• Services
o Professional Services
o Training and Consulting
o System integration and implementations
o Support and Maintenance
o Managed Services
By Business Function
• Marketing and Sales
• Finance
• Human Resource (HR)
• Operations
• Supply Chain
By Type
• Big Data Analytics
• Predictive Analytics
• Customer Analytics
• Statistical Analytics
• Risk Analytics
• Prescriptive Analytics
• Other Types
By Deployment Mode
• Cloud
• On-premises
By Organization Size
• Small And Medium Enterprises
• Large Enterprises
By Vertical
• Banking Finance Services and Insurance (BFSI)
• IT and Telecom
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Transportation and Logistics
• Government and Defence
• Manufacturing
• Media and Entertainment
• Other Verticals
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Advanced Analytics Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Advanced Analytics Market By Component, By Business Function, By Type, By Deployment Mode, By Organization Size, By Vertical and By Region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com
