With the emergence and long-term Impact of COVID-19, Global Advanced analytics Market to reach USD 60.34 Billion by 2027
Bizwit Research & Consulting LLP’s Recent Analysis on Global Advanced analytics Market is poised to raise up to USD 60.34 Billion by 2027. Advanced Analytics is the autonomous examination of data by using sophisticated techniques and tools, for discovering deep insights, make predictions, or generate recommendations. The global Advanced Analytics market is being driven by growing amount of data generation worldwide, increase in popularity for online shopping and rising social media penetration.
Geographically, the global Advanced analytics market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America the leading region across the world in terms of market share. In terms of sales, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growth of the e-commerce industry in the region. Furthermore, increasing demand for BFSI sector, is anticipated to provide new opportunities for the global Advanced Analytics industry.
The global Advanced analytics market industry is highly competitive owing to the presence of several key manufacturers such as Altair Engineering, Inc. Fair Isaac Corporation International Business Machines Corp. Knime Microsoft Corporation Oracle Corporation RapidMiner Inc Sap SE Trianz SAS Institute Inc
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Global Advanced Analytics Market Size study, by Type (Big Data Analytics, Business Analytics, Customer Analytics, Risk Analytics, Statistical Analytics, Others), by Enterprise Size (Large enterprise, Small & medium enterprise), by Deployment (On-premise, cloud), by End use (BFSI, Government, Healthcare, IT & Telecom, Military & defense, Others) and Regional Forecasts 2021-2027
Key findings of the study suggest:
- Global Advanced Analytics Market is anticipated to grow with a healthy growth rate of more than 25.70% over the forecast period 2021-2027.
- North America is anticipated to hold the leading position owing to increase in popularity for online shopping and rising social media penetration.
- Asia Pacific is anticipated to emerge as the fastest growing market region due to growth of the e-commerce industry in the region.
- In Deployment segment, cloud is anticipated to be dominant due to increasing number of cloud platforms by enterprises.
Bizwit Research & Consulting has considered following segments for the study:
- Big Data Analytics
- Business Analytics
- Customer Analytics
- Statistical Analytics
By Enterprise Size:
- Large enterprise
- Small & medium enterprise
By End use:
- IT & Telecom
- Military & defence
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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