Advanced analytics is mainly an autonomous data or content examination by using sophisticated tools as well as techniques for discovering deeper insights, generating recommendations, and making predictions. Also, it involves use of mathematical operations in order to interpret data. Additionally, various solutions of advanced analytics include predictive analytics, social media analytics, risk analytics, visual analytics, and big data analytics. Moreover, advanced analytics helps in making informed business decisions by having complete insights of market and provides in depth analysis of the market too.
Global Advanced Analytics Market: Key Players
The research study includes profiles of leading companies operating in the global advanced analytics market. Key players profiled in the report include: Welltok, Inc., Intel Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Enlitic, Inc., Next IT Corporation, iCarbonX, Amazon Web Services, Apple, Facebook Inc., SAS, SAP, Oracle, Knime, Statsoft, Angoss, RapidMiner, Dell, FICO, HP, Information Builders, Pitney Bowes, Prognoz, Revolution Analytics, Teradata, Accretive Technologies among others.
Drivers for the Global Advanced Analytics Market:
According to current market condition, a significant increase in the adoption of big data and increasing requirement to avoid fraudulent activities are some of the vital factors that are estimated to encourage the growth of the global advance analytics market in the next few years. In addition, growing demand for mobile analytic solution as well as rising focus on business intelligence are projected to contribute towards the development of the overall market in the next few years.
Opportunities for the Global Advanced Analytics Market:
Significant rise in market competition, an ongoing trend has boosted growth in the global advanced analytics market. Rising significance of data may it is structure or unstructured has now an important role to play, which will further expand growth opportunities in this market. Moreover, availability of various advanced analytics such as text analytics, predictive analytics, and customer analytics decision support and optimization applications that provide advanced results have bolstered demand in the global advanced analytics market.
Restrains for the Global Advanced Analytics Market:
On the other hand, concern related to data security and lack of data integration as well as connectivity are projected to restrict the growth of overall market in the near future. Moreover, the lack of expertise, especially in the developing economy is likely to curb the growth of the market.
Region Wise, Global Advanced Analytics Market Analysis:
On the basis of region, global advanced analytics market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, North America led the global advanced analytics market during the historical period. North American dominated the market owing to the adoption of technologies such as artificial intelligence and big data analytics and the presence of supporting infrastructure. The growth of the regional market is driven by the increasing adoption of advanced analytical tools by automotive manufacturers in the region. The growth of the regional market is further propelled by the rising adoption of social media that has fueled the demand for advanced analytical solutions. North America region is followed by Asia pacific and Europe.
Global Advanced Analytics Market: Product analysis
- Big Data Analytics
- Social Analytics
- Visual Analytics
- Customer Analytics
Global Advanced Analytics Market: Application analysis
- IT & Telecom
- Military & Defense
Global Advanced Analytics Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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