Global Business Research Company Advanced Analytics Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, United Kingdom, July 19, 2022 /EINPresswire.com/ — According to “Advanced Analytics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the analysis Advanced market size is expected to reach USD 74.39 billion by 2026 at a CAGR of 22.1%. The growing use of analytical solutions is likely to propel the growth of the advanced analytics market.
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The advanced analytics market includes sales of advanced analytics technologies by entities (organizations, independent marketers, and partnerships) that refer to data analytics methodology that uses predictive modeling, machine learning algorithms, deep learning, business process automation and other statistical approaches. to analyze business data from a variety of data sources. Advanced analytics uses data science, which includes proven analytical methods, to predict future trends and predict the possibility of potential events. While basic business intelligence and analytics can provide a picture of the business, advanced analytics can estimate patterns or future outcomes for deeper insight into the organization. Advanced analytics provides a broader set of capabilities to deal with challenges that typical retrospective BI cannot, enabling more strategic decision-making in the future.
Global Advanced Analytics Market Trends
Technological advancement is one of the major trends in the advanced analytics market that is gaining popularity. According to the advanced analytics market analysis, the introduction of new technologies or technological advancements will contribute to the rapid growth of the market and provide an improved product to the customers. For example, in August 2021, CROSSMARK, a sales and marketing services agency, announced the national launch of Accelerator, a state-of-the-art data analytics platform for the sales and marketing activities of GIC. The product uses Big Data technology to combine the CPG industry’s largest datasets with best-in-class analytical power to provide intuitive visualization of critical analytical tasks for smarter selling and faster growth. Using machine learning (AI) capabilities and integrating new data sources, the platform is designed to grow over time.
Segments of the Global Advanced Analytics Market
The global advanced analytics market is segmented:
By type: big data analytics, predictive analytics
By Component: Solution, Services
By deployment mode: cloud, on-premises
By size of organization: large enterprises, small and medium-sized enterprises (SMEs)
By Sector: Banking, Financial Services & Insurance (BFSI), IT & Telecommunications, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Government & Defense, Manufacturing, Media & Entertainment, Others
By Geography: The global advanced analytics market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
Learn more about the Global Advanced Analytics Market report here
The Global Advanced Analytics Market Report 2022 is part of a series of new reports from The Business Research Company that provides global advanced analytics market overviews, size and forecast analysis and forecasts. Market growth for Global Advanced Analytics Market, Global Advanced Analytics Market Share, Global Advanced Analytics Market Segments and Geographies, Global Advanced Analytics Market Players, Revenues, Profiles and market shares of major competitors in the advanced analytics market. The Advanced Analytics Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
The 2022 Global TBRC Advanced Analytics Market Report includes insights into the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: IBM Corporation, Oracle Corporation, Dell Technologies Inc., Microsoft Corporation, RapidMiner Inc., Altair Engineering Inc., Fair Isaac Corporation, KNIME AG., Statsoft, Teletrac Navman Ltd, Procon Analytics, IMS Software Inc and CloudMade .
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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