Global Advanced Analytics Market report by TBRC covers Advanced Analytics market size, drivers, restraints, key players and impact of COVID-19.
LONDON, GREATER LONDON, United Kingdom, Aug. 16, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Advanced Analytics Global Market Report 2022″, the advanced analytics market share is expected to grow from 27.75 billion in 2021 to $33.42 billion. in 2022 at a compound annual growth rate (CAGR) of 20.4%. The advanced analytics market size is expected to reach $74.39 billion in 2026 with a CAGR of 22.1%. According to the advanced analytics market research, the growing use of analytical solutions is likely to propel the growth of the market.
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Key Trends in the Advanced Analytics Market
According to the advanced analytics market analysis, technological advancement is a key trend that is gaining popularity in the advanced analytics market. The introduction of new technologies or technological advancements will contribute to the rapid growth of the advanced analytics 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.
Advanced Analytics Market Overview
Advanced analytics market segmentation includes sales of advanced analytics technologies by entities (organizations, independent marketers and partnerships) that refers to data analytics methodology that uses predictive modeling, machine learning algorithms , deep learning, business process automation and other statistics. 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.
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TBRC’s Global Advanced Analytics Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: big data analysis, predictive analysis
• 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 and Africa. Among these regions, North America holds the largest market share.
Major Market Players such as 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.
Trends, opportunities, strategies and much more.
Advanced Analytics Global Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides insight into the advanced analytics market. Market report analyzes Global Advanced Analytics Market size, Global Advanced Analytics Market growth drivers, Global Advanced Analytics Market segments, Global Advanced Analytics Market major players , Advanced Analytics Market growth across all geographies and revenue and market positioning of Advanced Analytics Market competitors. The Advanced Analytics Market report enables you to gain insights into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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