Global Advanced Analytics Market

Advanced Analytics Market Size, Share, Growth Analysis, By Type(Big Data Analytics, Predictive Analytics, Customer Analytics, Risk Analytics), By Business Function(HR, Sales and Marketing, Finance and Accounting, Operations and Supply Chain), By Vertical(BFSI, Government and Defense, Healthcare and Sciences, Media and Entertainment), By Offering(Solutions (Cloud and On Premises) and Services (Professional Services [Training & Consulting, System Integration & Implementation, Support & Maintenance] and Managed Services), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45C2033 | Region: Global | Published Date: July, 2024
Pages: 197 | Tables: 120 | Figures: 77

Advanced Analytics Market Competitive Landscape

A few huge players dominate the market. However, in recent years, the advent of niche competitors offering solutions tailored to the industry has altered market dynamics. Companies can be observed pursuing mergers, acquisitions, and alliances in order to improve their products and obtain a market advantage. Companies are developing new products and improving existing ones in order to get new clients and expand their market share. RapidMiner, Inc., for example, announced an agreement with Hivecell, an Edge-as-a-Service firm, in 2021. The cooperation aims to enable users to quickly construct and run models with data that streams from the edge.

Advanced Analytics Market Top Player’s Company Profiles

  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • SAS Institute Inc.
  • Amazon Web Services Inc.
  • Google LLC
  • Teradata Corporation
  • Alteryx, Inc.
  • MicroStrategy Incorporated
  • TIBCO Software Inc.
  • Qlik Technologies Inc.
  • Tableau Software, LLC
  • RapidMiner, Inc.
  • KNIME AG
  • FICO (Fair Isaac Corporation)
  • Databricks, Inc.
  • Cloudera, Inc.
  • Talend Inc.
  • MathWorks, Inc.

Advanced Analytics Market

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Advanced Analytics Market size was valued at around USD 41.85 billion in 2022 and is expected to rise from USD 64.3 billion in 2023 to reach a value of USD 480.99 Billion by 2031, at a CAGR of 28.6% during the forecast period (2024–2031). 

A few huge players dominate the market. However, in recent years, the advent of niche competitors offering solutions tailored to the industry has altered market dynamics. Companies can be observed pursuing mergers, acquisitions, and alliances in order to improve their products and obtain a market advantage. Companies are developing new products and improving existing ones in order to get new clients and expand their market share. RapidMiner, Inc., for example, announced an agreement with Hivecell, an Edge-as-a-Service firm, in 2021. The cooperation aims to enable users to quickly construct and run models with data that streams from the edge. 'IBM', 'Microsoft Corporation', 'SAP SE', 'Oracle Corporation', 'SAS Institute Inc.', 'Amazon Web Services Inc.', 'Google LLC', 'Teradata Corporation', 'Alteryx, Inc.', 'MicroStrategy Incorporated', 'TIBCO Software Inc.', 'Qlik Technologies Inc.', 'Tableau Software, LLC', 'RapidMiner, Inc.', 'KNIME AG', 'FICO (Fair Isaac Corporation)', 'Databricks, Inc.', 'Cloudera, Inc.', 'Talend Inc.', 'MathWorks, Inc.'

With the increasing amount of data being generated, there is a growing need for advanced analytics solutions to derive insights and make informed decisions.

Artificial Intelligence (AI) and Machine Learning (ML) Dominance: AI and ML are emerging as the dominant technologies in advanced analytics. These technologies can help organizations extract insights from complex and unstructured data and automate decision-making processes.

North America represented a significant market share of more than 45% of the globally advanced analytics market. This is due to the availability of supporting infrastructure for the application of cutting-edge analytics, as well as a surge in the usage of advanced technologies like AI and machine learning.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Data Analytics Market
Buy Now GET FREE SAMPLE
Operational Analytics Market
Buy Now GET FREE SAMPLE
Cloud Analytics Market
Buy Now GET FREE SAMPLE
Embedded Analytics Market
Buy Now GET FREE SAMPLE
Visual Analytics Market
Buy Now GET FREE SAMPLE
Predictive Analytics Market
Buy Now GET FREE SAMPLE
Prescriptive Analytics Market
Buy Now GET FREE SAMPLE
Business Analytics Software Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Advanced Analytics Market

Report ID: SQMIG45C2033

$5,300
BUY NOW GET FREE SAMPLE