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Advanced Analytics Market - Global Industry Analysis

Advanced Analytics Market By Product Type Segment Analysis (Big Data Analytics, Business Analytics, Customer Analytics, Risk Analytics, Statistical Analysis), By Enterprise Size Segment Analysis (Large Enterprises, Small & Medium Enterprises (SMEs)), By End-User Segment Analysis (BFSI, Government, Healthcare, IT & Telecom, Military & defence): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 12-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-206 Status : Published

Global 3D Printing Gases Market accounted for USD 58.91 Billion in 2020 and is expected to reach USD 253.74 Billion by 2028, growing at a CAGR of 23.10% from 2021 to 2028.

Description

Market Overview

Global 3D Printing Gases Market accounted for USD 58.91 Billion in 2020 and is expected to reach USD 253.74 Billion by 2028, growing at a CAGR of 23.10% from 2021 to 2028.

Advanced analytics is a collective and combined term for a bunch of significant methods and tools that can bring up varying analytics with the available data. This can be utilized to predict market trends, and behaviors. This gives a heads-up for the business organizations owing to its ability to deliver advanced statistical solutions to any emergency event. It makes the maximum use of the given data that involves varying methods and tools to make the right prediction for the future trends and anticipate the probability of future events. In comparison to basic BI, advanced analytics is able to anticipate future trends for a better understanding of the business in the market.

Advanced analytics also offers to meet a large bunch of challenges that traditional BI cannot, enabling the most stable strategic decision making for the future. Also, it provides businesses with a way to stabilize and develop more with the available data. With proper use of advanced analytics, successful organizations are able to build upon a solid plan to address the probability of future events, providing greater confidence and compassion for more repeatable business. It also helps to break down any complex business situation and deals with business problems that traditional rear view BI tools cannot.

COVID-19 Impact Analysis

The outbreak of Coronavirus has worked in favor of the global advanced analytics market. Due to the stringent lockdowns imposed by the local government, there has been a major digitalization shift and companies and business organizations are depending hugely on the use of smart technology. With the drastic shift of making, it all online, there is now a compelling need to develop advanced analytics to make e-commerce even more flourishing than it already is. The dependence on technology and owing to the changing market trends, it has become all the easier with advanced analytics. The business organizations are now alarmed about the uncertainty in the market, and with the introduction of advanced analytics, there is a heads-up on how to deal with an adverse situation and prepares the business for the worst of all situations.

Growth Factors

The drastic dependence on technology, the change in consumer behavior and patterns, the ongoing technological advancements in terms of decision-making strategies and the exceptional technology that helps save time, cost, and efforts during a dire business situation are all a few drivers for the growth of the global advanced analytics market.

Thankfully enough for the rapid urbanization all across the world, the use of advanced analytics in anticipating future trends can aid the organizations in making the most efficient choice of them all and working their profitability ratio. Not to forget government bodies, such as banking, professional services and manufacturing have been investing in big numbers in big data analytics that propels the growth of the market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Product Type Segment Analysis Preview

On the basis of product type, the market can be divided into Big Data Analytics, Business Analytics, Customer Analytics, Risk Analytics, Statistical Analysis, Others. However, it was noted that the big data analytics segment accounted for a significantly high share of the market owing to the drastic shift in the dependency on online offices and the ever-growing popularity of social media that is capable of delivering enormous amounts of data. At first, big data analytics was able to cater to only a single purpose for very many types of businesses. With the development of Software as a Service, big data analytics has been all the more convenient to be built in a self-service model. Moreover, with the increasing usage of big data analytics from the companies operating in the industrial sector has caused the segment to grow enormously.

Enterprise Segment Analysis Preview

The market has been further categorized into Large Enterprises, Small & Medium Enterprises (SMEs) on the basis of enterprise. The global advanced analytics market is anticipated to undergo significant growth in the large enterprise segment, due to the expanding customer analytics and business analytics for efficiently managing the vast databases of customers and assets. Due to the vast numbers of data availability, it has resulted in an increasing demand for solutions such as big data analytics and predictive analytics, which is a huge factor that can boost this segment in the market. 

End-User Segment Analysis Preview

On the end-user outlook, the global advanced analytics market is bifurcated into BFSI, Government, Healthcare, IT & Telecom, Military & Defense, Others. It was found that the BFSI segment held the largest share in the market, with reasons such as the rising need for optimization, eradicating the entire frauds, and the most efficient manner to handle risk. Advanced analytics is also in full aid for the banks to sort through unstructured data for analyzing global and regulatory compliance that depends on the region of operation. Furthermore, there is an increase in demand for credit risk management, efficient capital planning, and insurance risk management, emphasizing more on the substitution of traditional anti-fraud technology tools with advanced analytics.

Regional Segment Analysis Preview

In regional segmentation, the global coronavirus vaccines market is bifurcated into six key regions, namely, Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. It has been noted that North America is holding the dominance for the largest share of the market, whereas Asia Pacific is expected to grow exponentially, during the forecast period. Citing reasons such as technological advancements and compelling need to cater to vertical specific challenges, the North America region is observed to be most fruitful in the global advanced analytics market. 

Key Market Players & Competitive Landscape

Some of the predominant players in the market are Altair Engineering, Inc.; Fair Isaac Corporation; IBM Corporation; KNIME; Microsoft Corporation; Oracle Corporation; RapidMiner, Inc.; SAP SE; SAS Institute Inc.; and Trianz.

The global Advanced Analytics market is segmented as follows:

By Product Type: 

  • Big Data Analytics
  • Business Analytics
  • Customer Analytics
  • Risk Analytics
  • Statistical Analysis
  • Others

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By End-user:

  • BFSI
  • Government
  • Healthcare
  • IT & Telecom
  • Military & Defense
  • Others

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product Type
        • 2.1.1.2. Market Attractiveness Analysis, By Enterprise Size
        • 2.1.1.3. Market Attractiveness Analysis, By End-user
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Advanced Analytics Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Advanced Analytics Market – Product Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product Type, 2020 & 2028
    • 4.2. Big Data Analytics
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Business Analytics
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Customer Analytics
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Risk Analytics
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Statistical Analytics
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Others
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Advanced Analytics Market – Enterprise Size Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Enterprise Size, 2020 & 2028
    • 5.2. Large Enterprises
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Small & Medium Enterprises (SMEs)
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Advanced Analytics Market – End-user Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End-user, 2020 & 2028
    • 6.2. BFSI
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Government
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Healthcare
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. IT & Telecom
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Military & Defence
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Others
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Advanced Analytics Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Product Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Enterprise Size, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End-user, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Product Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End-user, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Product Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End-user, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Product Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End-user, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Product Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Enterprise Size, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End-user, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Product Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End-user, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Product Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End-user, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Product Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End-user, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Product Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End-user, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Product Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End-user, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Product Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End-user, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Product Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Enterprise Size, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End-user, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Product Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End-user, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Product Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End-user, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Product Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End-user, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Product Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End-user, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Product Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End-user, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End-user, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Product Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Enterprise Size, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End-user, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Product Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End-user, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Product Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End-user, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Product Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End-user, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Product Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Enterprise Size, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End-user, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Product Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End-user, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Product Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End-user, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Enterprise Size, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End-user, 2016 – 2028
  • Chapter No. 8 Advanced Analytics Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Advanced Analytics Market: Company Market Share, 2019
      • 9.1.2. Global Advanced Analytics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Advanced Analytics Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Advanced Analytics Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Oracle Corporation
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Statsoft
    • 10.3. Angoss
    • 10.4. Microsoft Corporation
    • 10.5. SAP
    • 10.6. SAS
    • 10.7. Fico
    • 10.8. Knime
    • 10.9. IBM Corporation
    • 10.10. RapidMiner
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Advanced Analytics market. Zion Research has collected and analyzed key data belong to the global Advanced Analytics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Advanced Analytics across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Advanced Analytics industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Advanced Analytics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The report covers forecast and analysis for the Advanced Analytics market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2019 to 2026 based revenue (USD Billion). The study includes drivers and restraints for the Advanced Analytics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Advanced Analytics market on a global level.

Advanced analytics is a collection of techniques used to model internal and external data to yield valuable insights that can drive business-improving operations. Advanced analytics helps to solve complex business problems and serves as a troubleshooting player in an organization. Dramatic changes in the technology have been shaped by big data challenges and emerging data analysis techniques.

The advanced analytics market is primarily driven by increasing demand to counter big data challenges paired with emerging technologies such as business intelligence and analytics. In additions, increasing the need to address vertical specific challenges, cost reductions in cloud deployment models and the emergence of small players with updated and innovative solutions and services at lower costs compared to established players are further flourishing the market. However, technical misspecifications are expected to have the adverse impact on advanced analytics market. Nonetheless, adoption by niche industries is likely to open new doors for the advanced analytics demand.

Based on the type,advanced analytics market is classified into risk analytics, social analytics, big data analytics, visual analytics, customer analytics, business analytics, predictive modeling and statistical analysis.The predictive analytics is expected to be the fastest growing type of advanced analytics.The growth of predictive analytics segment is mainly attributed to shifting from traditional business intelligence (BI) techniques to advanced analytics techniques and massive surge of structured and unstructured data.

Based on application, global advanced analytics market is bifurcated into banking and financial services, telecom and IT, healthcare, government and defense, transportation and logistics and consumer goods and retails. Increasing demand to counter big data challenges is expected to drive telecom & IT application segment significantly. Banking and financial services are expected to be the most attractive application segment in the coming years due to demand of advance analytics for risk management, fraud detection and management and budgeting and planning. Increasing use of advanced analytics to improve clinical performance is expected drive healthcare application segment in the forecast period.

North America emerged as the dominating regional market for advanced analytics in 2018 owing to high technology adoption rate. North America & European market is expected to show significant growth in application segments such as healthcare & IT and telecom sector. Advanced analytics market has huge growth opportunity in the emerging markets of Asia Pacific due to the tremendous growth of banking and financial services along with telecom and ITsectors.The Middle East and Africa is expected to show moderate growth in coming year.

Major participants in the advanced analytics space includeSap, SAS, IBM Corporation, Knime, Oracle Corporation, Statsoft, Angoss, Microsoft and Fico amongst others


Frequently Asked Questions

The global Advanced Analytics market was valued at USD 58.91 Billion in 2020.

The global Advanced Analytics market is expected to reach USD 253.74 Billion by 2028, growing at a CAGR of 23.10% between 2021 to 2028.

The drastic dependence on technology, the change in consumer behavior and patterns, the ongoing technological advancements in terms of decision-making strategies and the exceptional technology that helps save time, cost, and efforts during a dire business situation are all a few drivers for the growth of the global advanced analytics market. Thankfully enough for the rapid urbanization all across the world, the use of advanced analytics in anticipating future trends can aid the organizations in making the most efficient choice of them all and working their profitability ratio. Not to forget government bodies, such as banking, professional services and manufacturing have been investing in big numbers in big data analytics that propels the growth of the market.

In regional segmentation, the global coronavirus vaccines market is bifurcated into six key regions, namely, Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. It has been noted that North America is holding the dominance for the largest share of the market, whereas Asia Pacific is expected to grow exponentially, during the forecast period. Citing reasons such as technological advancements and compelling need to cater to vertical specific challenges, the North America region is observed to be most fruitful in the global advanced analytics market.  

Some of the predominant players in the market are Altair Engineering, Inc.; Fair Isaac Corporation; IBM Corporation; KNIME; Microsoft Corporation; Oracle Corporation; RapidMiner, Inc.; SAP SE; SAS Institute Inc.; and Trianz.

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