+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Advanced Analytics Market by Offering (Solutions & Services), Business Function (Sales & Marketing, Operations & Supply Chain), Type (Big Data Analytics, Risk Analytics), Vertical (BFSI, Telecom) and Region - Global Forecast to 2028

  • PDF Icon

    Report

  • 277 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 5546620

The advanced analytics market is projected to grow from USD 64.3 billion in 2023 to USD 226.2 billion by 2028, at a compound annual growth rate (CAGR) of 28.6% during the forecast period. Market is anticipated to grow due to the rising adoption of big data and other related technologies, the advent of ML and AI to offer personalized customer experiences.

By offering, solutions segment to register for the largest market size during forecast period

The solutions segment of the advanced analytics market is growing rapidly due to the growing need for organizations to harness the power of data and gain competitive advantages. The advanced analytics solutions utilize various statistical, mathematical, and machine learning techniques to discover patterns, correlations, and trends in data. They often involve predictive modeling, data mining, text mining, natural language processing, and other advanced analytical techniques to gain insights and make accurate predictions. It caters to various industries, including healthcare, finance, retail, manufacturing, and more, where data-driven decision-making is crucial for success.

By vertical, healthcare and life sciences segment to register fastest growing CAGR during the forecast period

The advanced analytics market is expected to grow significantly in the coming years, and the healthcare and life sciences vertical is expected to be one of the key drivers of this growth. Advanced analytics solutions help healthcare and life sciences organizations to efficiently manage how data of the patients is collected, treated, processed, and presented for the process of testing and simulation of new treatments, scenarios, and devices.

North America to witness fastest growing market size during the forecast period

North America is experiencing significant technological growth in the advanced analytics market, driven by various factors that are shaping the landscape of intelligent and connected devices. The region's advancements in solutions, research, and industry collaborations are propelling the growth of advanced analytics and fostering innovation across multiple sectors. North America benefits from robust infrastructure and widespread connectivity, providing a solid foundation for the expansion of advanced analytics.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the advanced analytics market. 

  • By Company: Tier I: 38%, Tier II: 50%, and Tier III: 12%
  • By Designation: C-Level Executives: 35%, D-Level Executives: 40%, and Managers: 25%
  • By Region: North America: 40%, Asia Pacific: 20%, Europe: 30%, and Middle East and Africa- 5%, Latin America-5%

The report includes the study of key players offering advanced analytics solutions. It profiles major vendors in the advanced analytics market. The major players in the advanced analytics market include IBM (US), Oracle (US), Google (US), SAP (Germany), Microsoft (US), SAS Institute (US), KNIME (Switzerland), FICO (US), Altair (US), AWS (US), Salesforce (US), TIBCO Software (US), Alteryx (US), Teradata (US), Adobe (US), Absolutdata Analytics (US), Moody’s Analytics (US), Qlik (US), Databricks (US), Dataiku (US), Kinetica (US), MathWorks (US), Anaconda (US), H2O.ai (US), Domino Data Lab (US), DataRobot (US), DataChat (US), Imply (US), Promethium (US), Siren (Ireland), Tellius (US), SOTA Solutions (Germany), Vanti Analytics (Israel). 

Research Coverage

The research study for the advanced analytics market involved extensive secondary sources, directories, journals, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred advanced analytics providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, and assess the market’s prospects.

Key Benefits of Buying the Report 

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall advanced analytics market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

  •  Analysis of key drivers (the rising adoption of big data and other related technologies, the advent of ML and AI to offer personalized customer experiences, and the growing need to preclude fraudulent activities during the pandemic), restraints (inability to quantify RoI, concerns regarding data privacy and security due to the pandemic), opportunities (proliferation of internet coupled with rising usage of connected and integrated technologies, increasing demand for real-time analytical solutions to track and monitor covid-19 spread), and challenges (ownership and privacy of collected data, complex data ecosystem leading to data breaches and security issues and lack of advanced analytical knowledge among the workforces). 
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the advanced analytics market 
  • Market Development: Comprehensive information about lucrative markets - the report analyses the advanced analytics market across varied regions 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the advanced analytics market 
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like include IBM (US), Oracle (US), Google (US), SAP (Germany), Microsoft (US), SAS Institute (US), KNIME (Switzerland), FICO (US), Altair (US), AWS (US), Salesforce (US),  among others in the advanced analytics market strategies. The report also helps stakeholders understand the pulse of the advanced analytics market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Advanced Analytics Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Table 1 Primary Interviews
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Advanced Analytics Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology - Approach 1 (Supply Side): Revenue from Solutions/Services of Advanced Analytics Market
Figure 5 Market Size Estimation Methodology- Approach 2, Bottom-Up (Supply Side): Collective Revenue from All Solutions/Services of Advanced Analytics Market
Figure 6 Market Size Estimation Methodology-Approach 3, Bottom-Up (Supply Side): Collective Revenue from All Solutions/Services of Advanced Analytics Market
Figure 7 Market Size Estimation Methodology-Approach 4, Bottom-Up (Demand Side): Share of Advanced Analytics Through Overall Advanced Analytics Spending
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Research Assumptions
2.6 Limitations
2.7 Implications of Recession on Advanced Analytics Market
Table 3 Impact of Recession on Global Advanced Analytics Market

3 Executive Summary
Table 4 Global Advanced Analytics Market Size and Growth Rate, 2017-2022 (USD Billion, Y-O-Y %)
Table 5 Global Advanced Analytics Market Size and Growth Rate, 2023-2028 (USD Billion, Y-O-Y %)
Figure 8 Solutions Segment to Dominate Market in 2023
Figure 9 On-Premises Segment to Hold Larger Market Share in 2023
Figure 10 Professional Services Segment to Dominate Market in 2023
Figure 11 System Integration & Implementation Segment to Lead Market in 2023
Figure 12 Sales and Marketing Segment to Hold Largest Market Share in 2023
Figure 13 Big Data Analytics Segment to Hold Largest Market Share in 2023
Figure 14 Healthcare & Life Sciences Segment to Grow at Highest CAGR in 2023
Figure 15 North America to Hold Largest Market Share and Asia-Pacific to Grow at Highest CAGR in 2023

4 Premium Insights
4.1 Attractive Opportunities in Advanced Analytics Market
Figure 16 Advent of Machine Learning and Artificial Intelligence to Drive Market Growth
4.2 Overview of Recession in Global Advanced Analytics Market
Figure 17 Advanced Analytics Market to Witness Minor Decline in Y-O-Y Growth in 2023
4.3 Advanced Analytics Market: Top Three Business Functions
Figure 18 Operations and Supply Chain Segment to Grow at Highest CAGR During Forecast Period
4.4 North America: Advanced Analytics Market, by Offering and Top Three Verticals
Figure 19 Solutions Segment and Bfsi Segment to Hold Largest Market Shares in 2023
4.5 Advanced Analytics Market: by Region
Figure 20 North America to Hold Largest Market Share in 2023

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 21 Advanced Analytics Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Adoption of Big Data and Other Related Technologies to Leverage Real-Time Data Processing
5.2.1.2 Advent of Machine Learning and Artificial Intelligence to Offer Personalized Customer Experiences
5.2.1.3 Growing Demand for Cloud-Based Analytics Solution for Better Accessibility and Cost-Effectiveness
5.2.2 Restraints
5.2.2.1 Inability to Quantify Roi
5.2.2.2 Concerns Related to Data Privacy and Security
5.2.3 Opportunities
5.2.3.1 Proliferation of Internet Coupled with Rising Usage of Connected and Integrated Technologies
5.2.3.2 Advancements in Ai and Ml Technologies for Improved Algorithms and More Actionable Insights
5.2.4 Challenges
5.2.4.1 Complex Data Ecosystem Leading to Data Breaches and Security Issues
5.2.4.2 Ownership and Privacy of Collected Data
5.2.4.3 Lack of Advanced Analytical Knowledge Among Workforces
5.3 Case Study Analysis
5.3.1 Case Study 1: San Francisco University Selected Oracle Fusion Cloud Epm to Streamline Budgeting and Planning Process
5.3.2 Case Study 2: Fine Hygienic Holding Chooses Oracle Cloud for Its Data and Application to Transform and Automate Core Business Processes
5.3.3 Case Study 3: Deutz Implemented Sap Analytics Cloud as Central Analytics Platform for Bi
5.3.4 Case Study 4: Fleury Selected Fico Forecaster to Improve Demand for Forecasting and Resource Allocation Process
5.3.5 Case Study 5: Han University Implemented Qlik Analytics Solutions to Promote Bi Skills Within All Coursework
5.3.6 Case Study 6: Bankers’ Bank Implemented Dataiku Reporting and Dashboard Solutions to Manage Data Silos and Enhance Business Operations
5.3.7 Case Study 7: Us Venture + Dataiku: Upskilling Analysts to Save Thousands of Hours
5.3.8 Case Study 8: Latin America's Largest Microfinance Bank Uses Fico Platform to Expand Microlending
5.3.9 Case Study 9: Leading New Zealand Bank Pioneers Explainable Machine Learning Models to Assess Credit Risk
5.3.10 Case Study 10: Sap Helps Hyundai Elevator Run Better
5.4 Regulatory Landscape
5.4.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Middle East and Africa: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Latin America: Regulatory Bodies, Government Agencies, and Other Organizations
5.5 Ecosystem Analysis
Figure 22 Advanced Analytics Market: Ecosystem Analysis
5.6 Patent Analysis
5.6.1 Methodology
5.6.2 Patents Filed, by Document Type, 2013-2023
Table 11 Patents Filed, 2013-2023
5.6.3 Innovation and Patent Applications
Figure 23 Total Number of Patents Granted, 2013-2023
5.6.3.1 Top Applicants
Figure 24 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years, 2013-2023
Table 12 Top 20 Patent Owners in Advanced Analytics Market, 2013-2023
Table 13 List of Patents in Advanced Analytics Market, 2023
Figure 25 Regional Analysis of Patents Granted for Advanced Analytics Market,2023
5.7 Supply Chain Analysis
Figure 26 Advanced Analytics Market: Supply Chain Analysis
Table 14 Advanced Analytics Market: Supply Chain Analysis
5.8 Pricing Analysis
Table 15 Average Selling Price Analysis, by Offering
5.9 Advanced Analytics Techniques
5.9.1 Data Mining
5.9.2 Machine Learning
5.9.3 Cohort Analysis
5.9.4 Cluster Analysis
5.9.5 Other Techniques
5.10 Key Components of Advanced Analytics Architecture
Figure 27 Advanced Analytics Architecture
5.11 Evolution of Advanced Analytics
Figure 28 Advanced Analytics Market Evolution
5.12 Trends/Disruptions Impacting Buyers/Clients of Advanced Analytics Markets
Figure 29 Advanced Analytics Market: Trends/Disruptions Impacting Buyers/Clients
5.13 Porter's Five Forces Analysis
Figure 30 Advanced Analytics Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Threat of Substitutes
5.13.3 Bargaining Power of Suppliers
5.13.4 Bargaining Power of Buyers
5.13.5 Intensity of Competitive Rivalry
5.14 Key Conferences and Events, 2023-2024
Table 16 Advanced Analytics Market: Detailed List of Conferences and Events
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
Figure 31 Influence of Stakeholders on Buying Process for Top Three Verticals
Table 17 Influence of Stakeholders on Buying Process for Top Three Verticals
5.15.2 Buying Criteria
Figure 32 Key Buying Criteria for Top Three Verticals
Table 18 Key Buying Criteria for Top Three Applications
5.16 Technology Analysis
5.16.1 Key Technologies
5.16.1.1 Advanced Analytics and Ai
5.16.1.2 Advanced Analytics and Ml
5.16.1.3 Advanced Analytics and Iot
5.16.1.4 Advanced Analytics and Blockchain
5.16.1.5 Advanced Analytics and Nlp
5.16.2 Adjacent Technologies
5.16.2.1 Advanced Analytics and Big Data
5.16.2.2 Advanced Analytics and Data Mining
5.16.2.3 Advanced Analytics and Cloud Computing

6 Advanced Analytics Market, by Offering
6.1 Introduction
6.1.1 Offering: Advanced Analytics Market Drivers
Figure 33 Services Segment to Register Higher CAGR During Forecast Period
Table 19 Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 20 Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
6.2 Solutions
6.2.1 Solutions: Advanced Analytics Market by Deployment Mode
Figure 34 Cloud Solutions to Grow at Higher CAGR During Forecast Period
Table 21 Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 22 Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 23 Solution: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 24 Solution: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.2.2 Cloud
6.2.2.1 Need for Scalable Deployment Model in Organizations to Drive Growth
Table 25 Cloud: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 26 Cloud: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.2.3 On-Premises
6.2.3.1 Rapid Growth of On-Premises Deployment Solutions to Boost Growth
Table 27 On-Premises: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 28 On-Premises: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.3 Services
Figure 35 Managed Services Segment to Register Higher CAGR During Forecast Period
Table 29 Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 30 Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
6.3.1 Professional Services
Figure 36 Training and Consulting Segment to Grow at Highest CAGR During Forecast Period
Table 31 Professional Services: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 32 Professional Services: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 33 Professional Services: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 34 Professional Services: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.3.1.1 Training & Consulting
6.3.1.1.1 Implementation of Training and Consulting Services to Boost Business Needs and Market Trends
Table 35 Training & Consulting: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 36 Training & Consulting: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.3.1.2 System Integration & Implementation
6.3.1.2.1 System Integration and Implementation Services to Gain Traction to Ensure Effective System Communication
Table 37 System Integration & Implementation: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 38 System Integration & Implementation: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.3.1.3 Support & Maintenance
6.3.1.3.1 Demand for Support and Maintenance Services to Increase with Rising Advanced Analytics Deployment
Table 39 Support & Maintenance: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 40 Support & Maintenance: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
6.3.2 Managed Services
6.3.2.1 Rising Demand for Enhanced Security, Compliance, Improved System Scalability, and Performance to Drive Market Growth
Table 41 Managed Services: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 42 Managed Services: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)

7 Advanced Analytics Market, by Type
7.1 Introduction
7.1.1 Type: Advanced Analytics Market Drivers
Figure 37 Risk Analytics to Register Highest CAGR During Forecast Period
Table 43 Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 44 Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
7.2 Big Data Analytics
7.2.1 Big Data Analytics to Uncover Trends, Patterns, and Correlations and Make Data-Informed Decisions
Table 45 Big Data Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 46 Big Data Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.3 Predictive Analytics
7.3.1 Predictive Analytics to Help Organizations Anticipate and Plan for Future Events for Enhanced Productivity
Table 47 Predictive Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 48 Predictive Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.4 Customer Analytics
7.4.1 Customer Analytics to Gain Customer Insights in Real Time and Optimize Customer Interactions
Table 49 Customer Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 50 Customer Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.5 Statistical Analytics
7.5.1 Data Interpretation Techniques to Drive Demand for Statistical Analytics
Table 51 Statistical Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 52 Statistical Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.6 Risk Analytics
7.6.1 Rising Need to Improve Risk Assessments and Detect Fraud to Drive Growth
Table 53 Risk Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 54 Risk Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.7 Prescriptive Analytics
7.7.1 Prescriptive Analytics to Allow Companies to Assess Possible Outcomes Based Upon Their Actions
Table 55 Prescriptive Analytics: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 56 Prescriptive Analytics: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
7.8 Other Types
Table 57 Other Types: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 58 Other Types: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)

8 Advanced Analytics Market, by Business Function
8.1 Introduction
8.1.1 Business Function: Advanced Analytics Market Drivers
Figure 38 Operations and Supply Chain to Register Highest CAGR During Forecast Period
Table 59 Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 60 Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
8.2 Hr
8.2.1 Increasing Need to Predict Employee Performance to Drive Adoption of Advanced Analytics Solution
Table 61 Hr: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 62 Hr: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
8.3 Sales and Marketing
8.3.1 Web Clicks, Social Media Activities, and Smart Connected Devices to Drive Growth
Table 63 Sales and Marketing: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 64 Sales and Marketing: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
8.4 Finance and Accounting
8.4.1 Financial Firms to Track Outstanding Invoices and Automate Follow-Up Process to Ensure Smooth Payment Process
Table 65 Finance and Accounting: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 66 Finance and Accounting: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
8.5 Operations and Supply Chain
8.5.1 Increasing Need to Improve Location and Distribution Center Performance to Boost Growth
Table 67 Operations and Supply Chain: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 68 Operations and Supply Chain: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
8.6 Other Business Function
Table 69 Other Business Function: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 70 Other Business Function: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)

9 Advanced Analytics Market, by Vertical
9.1 Introduction
9.1.1 Vertical: Advanced Analytics Market Drivers
Figure 39 Healthcare and Life Sciences Segment to Witness Highest Growth Rate During Forecast Period
Table 71 Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 72 Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
9.2 Bfsi
9.2.1 Rising Customer Acquisition Costs and Declining Customer Satisfaction to Drive Market Growth
Table 73 Bfsi: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 74 Bfsi: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.2.2 Advanced Analytics Market: Bfsi Use Cases
Table 75 Bfsi: Use Cases
9.3 Telecom
9.3.1 Managing Network Traffic with Greater Precision to Boost Growth
Table 76 Telecom: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 77 Telecom: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.3.2 Advanced Analytics Market: Telecom Use Cases
Table 78 Advanced Analytics Market: Telecom Use Cases
9.4 Retail & Consumer Goods
9.4.1 Advanced Analytics Solutions to Improve Operations and Customer Experiences
Table 79 Retail & Ecommerce: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 80 Retail & Ecommerce: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.4.2 Advanced Analytics Market: Retail & Consumer Goods Use Cases
Table 81 Advanced Analytics Market: Retail & Consumer Goods Use Cases
9.5 Manufacturing
9.5.1 Rising Demand to Help Manufacturing Firms Enhance Business Strategy and Drive Innovation
Table 82 Manufacturing: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 83 Manufacturing: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.5.2 Advanced Analytics Market: Manufacturing Use Cases
Table 84 Advanced Analytics Market: Manufacturing Use Cases
9.6 Healthcare & Life Sciences
9.6.1 Healthcare Organizations to Predict Health Risks with Analytics and Ai
Table 85 Healthcare & Life Sciences: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 86 Healthcare & Life Sciences: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.6.2 Advanced Analytics Market: Healthcare & Life Sciences Use Cases
Table 87 Advanced Analytics Market: Healthcare & Life Sciences Use Cases
9.7 Media & Entertainment
9.7.1 Increasing Need to Leverage Audience, Content, and View Data to Drive Growth
Table 88 Media & Entertainment: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 89 Media & Entertainment: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.7.2 Advanced Analytics Market: Media & Entertainment Use Cases
Table 90 Advanced Analytics Market: Media & Entertainment Use Cases
9.8 Government & Defense
9.8.1 Advanced Analytics to Improve Personnel Readiness Through Analytics That Delivers Improved Training, Recruitment, and Retention Programs
Table 91 Government & Defense: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 92 Government & Defense: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.8.2 Advanced Analytics Market: Government & Defense Use Cases
Table 93 Advanced Analytics Market: Government & Defense Use Cases
9.9 Automotive & Transportation
9.9.1 Need for Improved Efficiency, Cost Reduction, and Enhanced Safety to Drive Growth
Table 94 Automotive & Transportation: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 95 Automotive & Transportation: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.9.2 Advanced Analytics Market: Automotive & Transportation Use Cases
Table 96 Advanced Analytics Market: Automotive & Transportation Use Cases
9.10 It & Ites
9.10.1 Need for Data-Driven Insights, Enhanced Operational Efficiency, Improved Customer Experiences, and Competitive Differentiation to Boost Growth
Table 97 It & Ites: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 98 It & Ites: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
9.10.2 Advanced Analytics Market: It & Ites Use Cases
Table 99 Advanced Analytics Market: It & Ites Use Cases
9.11 Other Verticals
Table 100 Other Verticals: Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 101 Other Verticals: Advanced Analytics Market, by Region, 2023-2028 (USD Billion)

10 Advanced Analytics Market, by Region
10.1 Introduction
Figure 40 Asia-Pacific to Register Highest CAGR During Forecast Period
Figure 41 India to Register Highest CAGR During Forecast Period
Table 102 Advanced Analytics Market, by Region, 2017-2022 (USD Billion)
Table 103 Advanced Analytics Market, by Region, 2023-2028 (USD Billion)
10.2 North America
10.2.1 North America: Advanced Analytics Market Drivers
10.2.2 North America: Recession Impact
Figure 42 North America: Advanced Analytics Market Snapshot
Table 104 North America: Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 105 North America: Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
Table 106 North America: Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 107 North America: Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 108 North America: Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 109 North America: Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
Table 110 North America: Advanced Analytics Market, by Professional Service, 2017-2022 (USD Billion)
Table 111 North America: Advanced Analytics Market, by Professional Service, 2023-2028 (USD Billion)
Table 112 North America: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 113 North America: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 114 North America: Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 115 North America: Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
Table 116 North America: Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 117 North America: Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
Table 118 North America: Advanced Analytics Market, by Country, 2017-2022 (USD Billion)
Table 119 North America: Advanced Analytics Market, by Country, 2023-2028 (USD Billion)
10.2.3 US
10.2.3.1 Rapid Adoption of Technology and Use of Digitally Innovative Solutions to Drive Growth
10.2.4 Canada
10.2.4.1 Digital Transformation of Businesses into Data-Driven Organizations to Drive Growth
10.3 Europe
10.3.1 Europe: Advanced Analytics Market Drivers
10.3.2 Europe: Recession Impact
Table 120 Europe: Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 121 Europe: Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
Table 122 Europe: Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 123 Europe: Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 124 Europe: Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 125 Europe: Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
Table 126 Europe: Advanced Analytics Market, by Professional Service, 2017-2022 (USD Billion)
Table 127 Europe: Advanced Analytics Market, by Professional Service, 2023-2028 (USD Billion)
Table 128 Europe: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 129 Europe: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 130 Europe: Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 131 Europe: Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
Table 132 Europe: Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 133 Europe: Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
Table 134 Europe: Advanced Analytics Market, by Country, 2017-2022 (USD Billion)
Table 135 Europe: Advanced Analytics Market, by Country, 2023-2028 (USD Billion)
10.3.3 UK
10.3.3.1 Advanced It Infrastructure, Coupled with Advent of Disruptive Technologies to Drive Growth
10.3.4 Germany
10.3.4.1 High Skilled Labor Force and Rising Government Initiatives to Drive Adoption of Advanced Analytical Solutions
10.3.5 France
10.3.5.1 Increasing Technological Development in Ai to Drive Growth
10.3.6 Italy
10.3.6.1 Italian Government to Launch Several Initiatives to Foster Innovation
10.3.7 Spain
10.3.7.1 Digital Transformation and Government Support to Drive Growth
10.3.8 Rest of Europe
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Advanced Analytics Market Drivers
10.4.2 Asia-Pacific: Recession Impact
Figure 43 Asia-Pacific: Advanced Analytics Market Snapshot
Table 136 Asia-Pacific: Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 137 Asia-Pacific: Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
Table 138 Asia-Pacific: Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 139 Asia-Pacific: Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 140 Asia-Pacific: Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 141 Asia-Pacific: Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
Table 142 Asia-Pacific: Advanced Analytics Market, by Professional Service, 2017-2022 (USD Billion)
Table 143 Asia-Pacific: Advanced Analytics Market, by Professional Service, 2023-2028 (USD Billion)
Table 144 Asia-Pacific: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 145 Asia-Pacific: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 146 Asia-Pacific: Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 147 Asia-Pacific: Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
Table 148 Asia-Pacific: Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 149 Asia-Pacific: Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
Table 150 Asia-Pacific: Advanced Analytics Market, by Country, 2017-2022 (USD Billion)
Table 151 Asia-Pacific: Advanced Analytics Market, by Country, 2023-2028 (USD Billion)
10.4.3 China
10.4.3.1 Technological Development and Rising Government Support to Drive Growth
10.4.4 India
10.4.4.1 Increase in Technological Innovations and Digitalization to Drive Growth
10.4.5 Japan
10.4.5.1 Advancements in Innovative Technologies, Coupled with Strong It Infrastructure to Drive Growth
10.4.6 Australia & New Zealand
10.4.6.1 Enterprises to Recognize Potential of Advanced Analytics and Aid in Growth
10.4.7 South Korea
10.4.7.1 Increasing Demand for Data-Driven Insights to Drive Growth
10.4.8 Asean Countries
10.4.9 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Advanced Analytics Market Drivers
10.5.2 Middle East & Africa: Recession Impact
Table 152 Middle East & Africa: Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 153 Middle East & Africa: Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
Table 154 Middle East & Africa: Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 155 Middle East & Africa: Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 156 Middle East & Africa: Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 157 Middle East & Africa: Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
Table 158 Middle East & Africa: Advanced Analytics Market, by Professional Service, 2017-2022 (USD Billion)
Table 159 Middle East & Africa: Advanced Analytics Market, by Professional Service, 2023-2028 (USD Billion)
Table 160 Middle East and Africa: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 161 Middle East and Africa: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 162 Middle East & Africa: Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 163 Middle East & Africa: Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
Table 164 Middle East & Africa: Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 165 Middle East & Africa: Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
Table 166 Middle East & Africa: Advanced Analytics Market, by Country, 2017-2022 (USD Billion)
Table 167 Middle East & Africa: Advanced Analytics Market, by Country, 2023-2028 (USD Billion)
10.5.3 UAE
10.5.3.1 Increasing Trend Toward Adoption of Ai and Analytics Technologies to Boost Growth
10.5.4 Saudi Arabia
10.5.4.1 Data-Driven Economy to Drive Growth
10.5.5 South Africa
10.5.5.1 Growing Digitalization and Rising Government Support to Drive Growth
10.5.6 Israel
10.5.6.1 Rising Government Support for R&D and Innovation Initiatives to Encourage Growth
10.5.7 Rest of Middle East & Africa
10.6 Latin America
10.6.1 Latin America: Advanced Analytics Market Drivers
10.6.2 Latin America: Recession Impact
Table 168 Latin America: Advanced Analytics Market, by Offering, 2017-2022 (USD Billion)
Table 169 Latin America: Advanced Analytics Market, by Offering, 2023-2028 (USD Billion)
Table 170 Latin America: Advanced Analytics Market, by Solution, 2017-2022 (USD Billion)
Table 171 Latin America: Advanced Analytics Market, by Solution, 2023-2028 (USD Billion)
Table 172 Latin America: Advanced Analytics Market, by Service, 2017-2022 (USD Billion)
Table 173 Latin America: Advanced Analytics Market, by Service, 2023-2028 (USD Billion)
Table 174 Latin America: Advanced Analytics Market, by Professional Service, 2017-2022 (USD Billion)
Table 175 Latin America: Advanced Analytics Market, by Professional Service, 2023-2028 (USD Billion)
Table 176 Latin America: Advanced Analytics Market, by Type, 2017-2022 (USD Billion)
Table 177 Latin America: Advanced Analytics Market, by Type, 2023-2028 (USD Billion)
Table 178 Latin America: Advanced Analytics Market, by Business Function, 2017-2022 (USD Billion)
Table 179 Latin America: Advanced Analytics Market, by Business Function, 2023-2028 (USD Billion)
Table 180 Latin America: Advanced Analytics Market, by Vertical, 2017-2022 (USD Billion)
Table 181 Latin America: Advanced Analytics Market, by Vertical, 2023-2028 (USD Billion)
Table 182 Latin America: Advanced Analytics Market, by Country, 2017-2022 (USD Billion)
Table 183 Latin America: Advanced Analytics Market, by Country, 2023-2028 (USD Billion)
10.6.3 Brazil
10.6.3.1 Need to Enhance Business Efficiency, Coupled with Growing Utility of IoT Analytics to Drive Growth
10.6.4 Mexico
10.6.4.1 Government Initiatives Toward Technological Development to Drive Growth
10.6.5 Argentina
10.6.5.1 Strong Pool of Talented Professionals in Data Science and Analytics to Drive Growth
10.6.6 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players
Table 184 Overview of Strategies Adopted by Key Advanced Analytics Vendors
11.3 Revenue Analysis
11.3.1 Historical Revenue Analysis
Figure 44 Historical Revenue Analysis of Top Five Players, 2020-2022 (USD Million)
11.4 Market Share Analysis
Figure 45 Market Share Analysis for Key Companies in 2022
Table 185 Advanced Analytics Market: Degree of Competition
11.5 Company Evaluation Matrix
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants
Figure 46 Advanced Analytics Market: Company Evaluation Matrix, 2022
11.6 Competitive Benchmarking
Table 186 Advanced Analytics Market: Product Footprint Analysis of Key Players, 2022
Table 187 Advanced Analytics Market: Product Footprint Analysis of Other Key Players, 2022
11.7 Startup/Sme Evaluation Matrix
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 47 Startup/Sme Advanced Analytics Players: Company Evaluation Matrix, 2022
11.8 Startup/Sme Competitive Benchmarking
Table 188 Advanced Analytics Market: Detailed List of Key Startup/Sme
Table 189 Advanced Analytics Market: Product Footprint Analysis of Startup/Sme Players, 2022
11.9 Competitive Scenario and Trends
11.9.1 Product Launches and Enhancements
Table 190 Product Launches, 2021-2023
11.9.2 Deals
Table 191 Deals, 2021-2023

12 Company Profiles
12.1 Introduction
12.2 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats)*
12.2.1 Ibm
Table 192 Ibm: Business Overview
Figure 48 Ibm: Company Snapshot
Table 193 Ibm: Products Offered
Table 194 Ibm: Product Launches and Enhancements
Table 195 Ibm: Deals
12.2.2 Oracle
Table 196 Oracle: Business Overview
Figure 49 Oracle: Company Snapshot
Table 197 Oracle: Products Offered
Table 198 Oracle: Product Launches and Enhancements
Table 199 Oracle: Deals
12.2.3 Google
Table 200 Google: Business Overview
Figure 50 Google: Company Snapshot
Table 201 Google: Products Offered
Table 202 Google: Product Launches and Enhancements
Table 203 Google: Deals
12.2.4 Sap
Table 204 Sap: Business Overview
Figure 51 Sap: Company Snapshot
Table 205 Sap: Products Offered
Table 206 Sap: Product Launches and Enhancements
Table 207 Sap: Deals
12.2.5 Microsoft
Table 208 Microsoft: Business Overview
Figure 52 Microsoft: Company Snapshot
Table 209 Microsoft: Products Offered
Table 210 Microsoft: Product Launches and Enhancements
Table 211 Microsoft: Deals
12.2.6 Sas Institute
Table 212 Sas Institute: Business Overview
Table 213 Sas Institute: Products Offered
Table 214 Sas Institute: Product Launches and Enhancements
Table 215 Sas Institute: Deals
12.2.7 Knime
Table 216 Knime: Business Overview
Table 217 Knime: Products Offered
Table 218 Knime: Product Launches and Enhancements
Table 219 Knime: Deals
12.2.8 Fico
Table 220 Fico: Business Overview
Figure 53 Fico: Company Snapshot
Table 221 Fico: Products Offered
Table 222 Fico: Product Launches and Enhancements
Table 223 Fico: Deals
12.2.9 Altair
Table 224 Altair: Business Overview
Figure 54 Altair: Company Snapshot
Table 225 Altair: Products Offered
Table 226 Altair: Deals
12.2.10 Aws
Table 227 Aws: Business Overview
Figure 55 Aws: Company Snapshot
Table 228 Aws: Products Offered
Table 229 Aws: Product Launches and Enhancements
Table 230 Aws: Deals
12.3 Other Key Players
12.3.1 Salesforce
12.3.2 Tibco Software
12.3.3 Alteryx
12.3.4 Teradata
12.3.5 Adobe
12.3.6 Absolutdata Analytics
12.3.7 Moody's Analytics
12.3.8 Qlik
12.3.9 Databricks
12.3.10 Dataiku
12.3.11 Kinetica
12.3.12 Mathworks
12.3.13 Anaconda
12.4 Startup/Sme Profiles
12.4.1 H20.Ai
12.4.2 Domino Data Lab
12.4.3 Datarobot
12.4.4 Datachat
12.4.5 Imply
12.4.6 Promethium
12.4.7 Siren
12.4.8 Tellius
12.4.9 Sota Solutions
12.4.10 Vanti Analytics
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

13 Adjacent and Related Markets
13.1 Introduction
13.2 Speech Analytics Market - Global Forecast to 2027
13.2.1 Market Definition
13.2.2 Market Overview
13.2.2.1 Speech Analytics Market, by Component
Table 231 Speech Analytics Market, by Component, 2018-2021(USD Million)
Table 232 Speech Analytics Market, by Component, 2022-2027(USD Million)
13.2.2.2 Speech Analytics Market, by Business Function
Table 233 Speech Analytics Market, by Business Function, 2018-2021(USD Million)
Table 234 Speech Analytics Market, by Business Function, 2022-2027(USD Million)
13.2.2.3 Speech Analytics Market, by Organization Size
Table 235 Speech Analytics Market, by Organization Size, 2018-2021 (USD Million)
Table 236 Speech Analytics Market, by Organization Size, 2022-2027 (USD Million)
13.2.2.4 Speech Analytics Market, by Application
Table 237 Speech Analytics Market, by Application, 2017-2021 (USD Million)
Table 238 Speech Analytics Market, by Application, 2022-2027 (USD Million)
13.2.2.5 Speech Analytics Market, by Vertical
Table 239 Speech Analytics Market by Vertical, 2017-2021 (USD Million)
Table 240 Speech Analytics Market, by Vertical, 2022-2027 (USD Million)
13.2.2.6 Speech Analytics Market, by Region
Table 241 Speech Analytics Market, by Region, 2017-2021 (USD Million)
Table 242 Speech Analytics Market, by Region, 2022-2027 (USD Million)
13.3 Geospatial Analytics Market - Global Forecast to 2027
13.3.1 Market Definition
13.3.2 Market Overview
13.3.2.1 Geospatial Analytics Market, by Offering
Table 243 Geospatial Analytics Market, by Offering, 2017-2022 (USD Million)
Table 244 Geospatial Analytics Market, by Offering, 2023-2028 (USD Million)
13.3.2.2 Geospatial Analytics Market, by Technology
Table 245 Geospatial Analytics Market, by Technology, 2017-2022 (USD Million)
Table 246 Geospatial Analytics Market, by Technology, 2023-2028 (USD Million)
13.3.2.3 Geospatial Analytics Market, by Vertical
Table 247 Geospatial Analytics Market, by Vertical, 2017-2022 (USD Million)
Table 248 Geospatial Analytics Market, by Vertical, 2023-2028 (USD Million)
13.3.2.4 Geospatial Analytics Market, by Region
Table 249 Geospatial Analytics Market, by Region, 2017-2022 (USD Million)
Table 250 Geospatial Analytics Market, by Region, 2023-2028 (USD Million)

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Available Customizations

Executive Summary

Companies Mentioned

  • Altair
  • Aws
  • Alteryx
  • Adobe
  • Absolutdata Analytics
  • Anaconda
  • Databricks
  • Dataiku
  • Domino Data Lab
  • Datarobot
  • Datachat
  • Fico
  • Google
  • H20.Ai
  • Ibm
  • Imply
  • Knime
  • Kinetica
  • Microsoft
  • Moody's Analytics
  • Mathworks
  • Oracle
  • Promethium
  • Qlik
  • Sap
  • Sas Institute
  • Salesforce
  • Startup/Sme Profiles
  • Siren
  • Sota Solutions
  • Tibco Software
  • Teradata
  • Tellius
  • Vanti Analytics

Methodology

Loading
LOADING...

Table Information