Global advanced analytics industry expected to reach $56 billion by 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Advanced Analytics Market Research Report by Offerings (Services and Solutions), Analytics Type, Deployment, End-User Industry, Region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global forecast to 2027 – Cumulative Impact of COVID-19 report added to ResearchAndMarkets.com’s offer.

The global advanced analytics market size was estimated to be USD 31.84 billion in 2021, USD 35.00 billion in 2022, and is projected to grow at a CAGR of 10.15% to reach USD 56.90 billion. here 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix evaluates and ranks vendors in the Advanced Analytics Market based on business strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Customer Satisfaction. product (value for money, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global advanced analytics market?

2. What are the inhibiting factors and impact of COVID-19 on the global advanced analytics market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Advanced Analytics Market?

4. What is the competitive strategic window for opportunities in the Global Advanced Analytics Market?

5. What are the technology trends and regulatory frameworks in the global advanced analytics market?

6. What is the market share of the major vendors in the global advanced analytics market?

7. What modes and strategic moves are considered suitable for entering the global advanced analytics market?

Market dynamics

Drivers

  • Big Data growth and focus on business optimization and performance

  • Increase adoption of AI and ML-based analytics systems

  • Companies are investing heavily in predictive analytics

Constraints

  • Gap in case of limited access to quality data

  • Privacy and data security issues

Opportunities

  • Tendency to build a data-driven organization

  • Introduction of next generation analytical solutions

Challenges

  • Challenges in analyzing data from multiple and disjointed sources as well as skills shortage

Companies cited

  • Absolute data

  • Adobe Inc.

  • Altair Engineering, Inc.

  • ALTERYX, INC.

  • Amazon Web Services, Inc.

  • CI&T

  • Just Isaac Corporation

  • International Commercial Machinery Society

  • KNIME AG

  • Microsoft Corporation

  • Moody’s Analytics

  • Oracle Corporation

  • QlikTech International AB

  • RapidMiner, Inc.

  • Salesforce, Inc.

  • SAP SE

  • SAS Institute Inc.

  • TIBCO Software Inc.

  • Trianz

  • Vanti Analytics

For more information about this report, visit https://www.researchandmarkets.com/r/v0wv2i

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