Advanced Analytics Technologies Marketplace 2019-2025
Dublin, July 21, 2020 (GLOBE NEWSWIRE) -- The "Advanced Analytics Technologies: Global Markets" report has been added to ResearchAndMarkets.com's offering.
In this report, the market has been segmented by type, deployment, organization size, industry vertical and geography. The report provides an overview of the global market for advanced analytics technologies and analyzes market trends.
Using 2019 as the base year, the report provides estimated market data for the forecast period 2020 through 2025. Revenue forecasts for this period are segmented based on type, deployment, organization size, industry vertical and geography. Market values have been estimated based on the total revenue of the advanced analytics software providers.
The advanced analytics solutions covered include all those solutions which have the capability of not only descriptive and diagnostic analytics but also to solve predictive and prescriptive analytics. Further information on this has been provided in the Market Overview section. The report also focuses on the major trends and challenges that affect the market and the vendor landscape.
The report includes:
Descriptive study and quantitative analysis of the global market for advanced analytics technologies
Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
Regional market share analysis of the advanced analytics technologies
Discussion on the technology innovations and advanced analytics solutions with regards to their applications in various industry verticals across different regions
Insight into viable technology drivers with emphasis on major trends and challenges that affect the future marketplace
Impact of the novel coronavirus (COVID-19) pandemic outbreak on the global economy and overall analytics industry
Competitive landscape of leading vendor companies and their market share analysis within the advanced analytics technologies
Profile description of major market players, including Alteryx Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qliktech International AB, SAP SE and SAS Institute Inc.
Over the last few years, there has been a significant increase in the volume of both structured and unstructured data which is being generated by companies on a daily basis including customer data, product data, social media chatter and data from various digital channels in business operations.
Advanced analytics helps an enterprise gain insight into such diverse data and gives them a competitive edge to drive growth. Advanced analytics helps enterprises drive growth by providing deeper insight into customer behaviors. These features enhance cost management by optimizing operations and improving risk management through better regulatory compliance and internal risk control.
The global market for advanced analytics has been segmented based on type, deployment, organization size, end-user industry and geography. Based on type, the market for advanced analytics technologies has been segmented into big data analytics, business analytics, customer analytics, risk analytics, statistical analytics and others. The market for advanced analytics technologies based on deployment has been segmented into cloud deployment and on-premises. Cloud deployment model currently accounts for the dominant share of the market and is expected to maintain its position over the forecast period.
The global market for advanced analytics technologies based on organization size was categorized into large enterprises and small and medium enterprises (SMEs). Large enterprises currently dominate the market for advanced analytics and are expected to maintain their dominant position over the forecast period. They have large volumes of structured data and a skilled workforce and have significantly increased the adoption of advanced analytics solutions such as customer analytics and business analytics to efficiently manage vast databases of customers and assets.
Based on end-user vertical, the overall market was classified into banking, financial and insurance (BFSI), healthcare and life sciences, retail, IT and telecommunications, government and defense, manufacturing, energy and utilities, and others. Financial institutions over the years have been compelled to incorporate analytics and data-driven technologies to fuel development and productivity, lower costs and increase efficiencies, accelerate digital transformation, and promote risk and regulatory priorities. Banks also deploy advanced analytics to improve customer targeting, enhance risk assessment and improve productivity and decision making.
Healthcare and life sciences is estimated to be the fastest growing end-user industry. In the healthcare sector, analytics is being used at both macro and micro levels to effectively streamline operations, improve patient care and lower overall costs. The application of advanced analytics in healthcare improves performance by delivering data-based quality care, reducing patient wait-times by measuring and leveraging scheduling and staffing procedures, and improving patient satisfaction and quality of care by streamlining tedious processes related to making appointments, processing insurance and providing referrals.
Key Topics Covered
Chapter 1 Introduction
Study Goals and Objectives
Scope of Report
Reasons for Doing the Study
Intended Audiences
Methodology
Geographic Breakdown
Chapter 2 Summary and Highlights
Chapter 3 Overview
Technological Background and History of Advanced Analytics
Technological Background and History of Machine Learning
Future of Advanced Analytics
Future of Data Governance in Advanced Analytics
Types of Advanced Analytics
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
Machine Learning Process
Impact of COVID-19 on the Analytics Industry
Market Drivers
Increasing Computational Power
Increasing Adoption of Cloud Analytics
Increasing Internet of Things Adoption
Increasing Focus from Organizations Developing a Data Driven Strategy
Market Restrains
Lack of Skilled Professionals
Chapter 4 Market Breakdown by Type of Analytic
Introduction
Big Data Analytics
Business Analytics
Customer Analytics
Risk Analytics
Statistical Analytics
Others
Chapter 5 Market Breakdown by Type of Deployment
Introduction
On-premise
Cloud
Types of Cloud Deployments
Chapter 6 Market Breakdown by Organization Size
Introduction
Large Enterprises
User Acquisition
Customer Support
Forecasting
Security and Fraud Detection
People Management
Small and Medium Enterprises
Declining Costs of Data Sources
Chapter 7 Market Breakdown by End-user Industry
Introduction
Banking, Financial Services and Insurance (BFSI)
Risk Management
Credit Risk Analysis
Fraud Detection and Management
IT and Telecommunication
Churn Prediction
Customer Profitability Analysis
Network Dynamics
Healthcare and Life Sciences
Predictive Modeling
Clinical Analytics
Bioinformatics
Consumer Packaged Goods and Retail
Supply Chain Analytics
Customer Insight
Dynamic Pricing
Government and Defense
Others
Chapter 8 Market Breakdown by Region
Introduction
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Chapter 9 Company Profiles
Altair Engineering
Alteryx Inc.
Fair Isaac Corp.
International Business Machines Corp.
Knime AG
Microsoft Corp.
Oracle Corp.
Qliktech International AB
Rapidminer Inc.
SAP SE
SAS Institute Inc.
For more information about this report visit https://www.researchandmarkets.com/r/qi1cv8
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