Advanced Analytics Market
Advanced Analytics Market Size, Share & Trends Analysis Report by Deployment Model (Cloud and On-premises), by Type (Statistical Analytics, Text Analytics, Risk Analytics, and Predictive Analytics), and by End-User Industry (BFSI, Retail & Consumer Goods, Healthcare, IT & Telecommunication, Transportation & Logistics and Government & Defense) Forecast 2022-2028 Update Available - Forecast 2024-2030
Advanced analytics market is anticipated to grow at a significant CAGR of 21.8% during the forecast period. The major factor that drives the advanced analytics market is the increasing demand to counter big data. Big data has captured the attention of businesses and consumers. It has not only become an essential subject in technology and media, but has also made its way into numerous compliances, internal audits, and fraud risk management-related discussions. As an integral part of business operations in every industry, big data has affected the acquisition of advanced analytics globally.
Impact of COVID-19 Pandemic on Global Advanced Analytics Market
Due to the COVID-19 pandemic, there is a growth in the deployment of advanced analytics in businesses to secure business progression and process optimization. Advanced analytics is obtaining popularity due to its deployment in businesses. Advanced analytics and AI strategies have helped to capture customers through digital channels, manage fragile and complex supply chains, and support workers through disruption to their work and lives. Companies should focus on where they can get new insights rather than depending on lagging information. These can come from both new sources of data and utilizing the existing data in new ways.
Segmental Outlook
The global advanced analytics market is segmented based on the deployment model, type and end-user industry. Based on the deployment model, the market is segmented into cloud and on-premises. Based on the type, the market is sub-segmented into the statistical analytics, text analytics, risk analytics, and predictive analytics. Based on the end-user industry, the market is sub-segmented into the BFSI, retail & consumer goods, healthcare, IT & telecommunication, transportation & logistics and government & defense. Among this on-premises segment is expected to grow during the forecast period due to Companies are adopting on-premise analytics to get the authority and more flexibility to personalize their IT infrastructure.
Global Advanced Analytics Market Share by IT & Telecommunication, 2021 (%)
IT & Telecommunications Segment is Expected to Hold the Prominent Share in the Global Advanced Analytics Market
The IT & Telecommunications segment is expected to hold a prominent share in the global advanced analytics markets during the forecast period due to the rising demand for collaboration tools like web conferencing and video conferencing. Companies are utilizing analytical tools and techniques to avoid illegal transactions like cloning, uncertified access, and illegitimate authorization. Telecom operators having a huge subscriber base are utilizing big data analytics to make micro-segmentation and customize the needs of the individual customer.
Regional Outlooks
The global advanced analytics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. The Asia Pacific region is the fastest-growing due to the growth of the e-commerce industry in emerging countries, such as India, Japan, China, Malaysia, and Singapore, which has particularly triggered the demand for advanced analytics.
Global Advanced Analytics Market Growth, by Region 2022-2028
The North America Region Anticipated to Hold Considerable Share in the Global Advanced Analytics Market
The North American region holds the major share in the global advanced analytics market. The dominance of the region is due to adequate availability of the supporting infrastructure required for the implementation of cutting-edge analytics, and the increase in the adoption of solutions built on the latest technologies, such as machine learning and big data analytics are anticipated to drive the growth. Furthermore, Companies in the region are highly deploying big data analytics tools and solutions to cope with the growing cases of digital fraud. For instance, In December 2021, FICO and Sistemas Críticos launched BSafe Platform SaaS, which merges the fraud prevention technology of FICO Falcon Fraud Manager and TenS a proprietary Sistemas Críticos platform, on the Cloud for any type of company/institution, notwithstanding of size and industry. It combines with anticipating analytics and AI to provide comprehensive fraud prevention, security, and compliance management which focus on the customer lifecycle.
Market Players Outlook
The major companies serving the global advanced analytics market include Absolutdata Holdings, Inc., Adobe., Altair Engineering, Inc., ALTERYX, INC., Amazon Web Services, Inc., Arria NLG Ltd.and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, CROSSMARK launched an advanced analytics platform, accelerator a state-of-the-art data analysis platform for CPG sales and marketing activities. The custom platform, enlarged with industry partners IBM, Microsoft, and other leading technology companies, combines one of the largest data sets in CPG with best-in-class analytics horsepower to deliver instinctive visualization of analytical tasks that are critical for smarter selling and faster growth.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global advanced analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Advanced Analytics Market
• Recovery Scenario of Global Advanced Analytics Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Advanced Analytics Market by Deployment Model
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Advanced Analytics Market by Type
4.2.1. Statistical Analytics
4.2.2. Text Analytics
4.2.3. Risk Analytics
4.2.4. Predictive Analytics
4.3. Global Advanced Analytics Market by End-User Industry
4.3.1. BFSI
4.3.2. Retail & Consumer Goods
4.3.3. Healthcare
4.3.4. IT & Telecommunication
4.3.5. Transportation & Logistics
4.3.6. Government & Defense
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Absolutdata Holdings, Inc.
6.2. Adobe Inc.
6.3. Altair Engineering, Inc.
6.4. ALTERYX
6.5. Amazon Web Services, Inc.
6.6. Arria NLG plc
6.7. Domino Data Lab, Inc.
6.8. H2O.ai, Inc.
6.9. IBM Corp.
6.10. Kinetica DB Inc.
6.11. KNIME GmbH
6.12. Microsoft Corp.
6.13. Moody's Analytics, Inc.
6.14. Oracle Corp.
6.15. QlikTech International AB
6.16. RapidMiner, Inc.
6.17. Salesforce
6.18. SAP SE
6.19. SAS Institute
6.20. Teradata Corp.
6.21. TIBCO Software Inc.
1. GLOBAL ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD BASED ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL ADVANCED STATISTICAL ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ADVANCED TEXT ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ADVANCED RISK ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ADVANCED PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
10. GLOBAL ADVANCED ANALYTICS FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ADVANCED ANALYTICS FOR RETAIL & CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ADVANCED ANALYTICS FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ADVANCED ANALYTICS FOR IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL ADVANCED ANALYTICS FOR TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL ADVANCED ANALYTICS FOR GOVERNMENT & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
19. NORTH AMERICAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
21. EUROPEAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
23. EUROPEAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
31. REST OF THE WORLD ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD ADVANCED ANALYTICS MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ADVANCED ANALYTICS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ADVANCED ANALYTICS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL ADVANCED ANALYTICS MARKET, 2022-2028 (%)
4. GLOBAL ADVANCED ANALYTICS MARKET SHARE BY DEPLOYMENT MODEL, 2021 VS 2028 (%)
5. GLOBAL CLOUD ADVANCED ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ON-PREMISES BASED ADVANCED ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ADVANCED ANALYTICS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
8. GLOBAL ADVANCED STATISTICAL ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ADVANCED TEXT ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ADVANCED RISK ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ADVANCED PREDICTIVE ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ADVANCED ANALYTICS MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
13. GLOBAL ADVANCED ANALYTICS FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ADVANCED ANALYTICS FOR RETAIL & CONSUMER GOODS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL ADVANCED ANALYTICS FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL ADVANCED ANALYTICS FOR IT & TELECOMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL ADVANCED ANALYTICS FOR TRANSPORTATION & LOGISTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL ADVANCED ANALYTICS FOR GOVERNMENT & DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL ADVANCED ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. US ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
22. UK ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD ADVANCED ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
