The global data analytics training market is expected to grow in the forecast period of 2025-2034 at a CAGR of 23.00%.
In addition, the growing popularity of fitness and wellness wearable devices owing to the rising incidences of health-related issues is increasing the deployment of data analytics to create customised fitness solutions. Moreover, wearable companies are leveraging data analytics to utilise evidence-based methods for providing personalised recommendations for consumers, which is expected to propel the market growth.
As various companies are increasingly attempting to enhance consumer experiences, they are leveraging data analytics to understand consumer trends. This is also increasing the use of data analytics to bolster the decision-making process by identifying various consumer trends. Moreover, the growing requirement for efficient management of supply chains is surging the adoption of data analytics. It is also deployed to boost the capabilities of artificial intelligence (AI) and machine learning while providing valuable insights into warehousing, inventory, and supply chain operations, for efficient logistics management, which is expected to bolster the market for data analytics training in the forecast period.
Increasing Deployment of Data Analytics in the Healthcare Sector Augmenting the Market Growth
The increasing use of technologies in the healthcare industry is surging the deployment of data analytics, hence aiding the market growth. The growing trend of remote healthcare, especially in developed regions, is escalating the demand for sensor devices for efficient remote monitoring of patients. This, in turn, is increasing the deployment of data analytics in the healthcare industry to boost healthcare quality cost-effectiveness, therefore augmenting the market growth.In addition, the growing popularity of fitness and wellness wearable devices owing to the rising incidences of health-related issues is increasing the deployment of data analytics to create customised fitness solutions. Moreover, wearable companies are leveraging data analytics to utilise evidence-based methods for providing personalised recommendations for consumers, which is expected to propel the market growth.
Need for Structured Data Bolstered the Growth of the Data Analytics Training Industry
The rampant spread of the COVID-19 virus, along with the overwhelming healthcare sector, surged the requirement for efficient monitoring systems, which, in turn, increased the adoption of data analytics to analyse data while providing valuable insights to boost the performance of the healthcare sector. In addition, data analytics was extensively leveraged by government bodies for efficient pandemic response. As contact tracing was predominantly used in various countries, data analytics was deployed to increase the accuracy of contact tracing while aiding in epidemiological modelling. Such extensive uses of data analytics have significantly contributed to the market growth.Data Analytics Training: Market Segmentation
Data analytics refer to the process which analyses raw data to identify new patterns and generate new trends. It is deployed in various industries and enterprises to enhance the decision-making process to boost productivity. Moreover, data analytics boosts operational efficiency while preventing security threats in an enterprise. Data analytics training is thus in high demand.The major platforms of data analytics training are:
- Online
- Offline
The market can be broadly categorised on the basis of its end uses into:
- Transportation
- IT and Telecommunication
- Manufacturing
- Retail and E-Commerce
- BFSI
- Healthcare
- Others
The report looks into the regional markets of data analytics training like:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The Advent of Industry 4.0 to Invigorate the Growth of the Data Analytics Training Industry
The advent of Industry 4.0 is surging the use of the latest technologies in various sectors, hence increasing the adoption of data analytics. The rising demand for enhanced efficiency, manufacturing capabilities, and the development of innovative products are leading to a surge in the deployment of data analytics. In addition, data analytics is widely being leveraged in manufacturing activities to monitor production process. This further aids in the identification of potential machine failures and automate maintenance to reduce the risk of errors, which is providing impetus to the growth of the data analytics training industry.As various companies are increasingly attempting to enhance consumer experiences, they are leveraging data analytics to understand consumer trends. This is also increasing the use of data analytics to bolster the decision-making process by identifying various consumer trends. Moreover, the growing requirement for efficient management of supply chains is surging the adoption of data analytics. It is also deployed to boost the capabilities of artificial intelligence (AI) and machine learning while providing valuable insights into warehousing, inventory, and supply chain operations, for efficient logistics management, which is expected to bolster the market for data analytics training in the forecast period.
Key Industry Players in the Global Data Analytics Training Market
The report presents a detailed analysis of the following key players in the global data analytics training market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- IBM Corporation
- Hewlett Packard Enterprise Development LP
- Google LLC
- Amazon Web Services
- Microsoft Corporation
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Data Analytics Training Market Analysis
6 North America Data Analytics Training Market Analysis
7 Europe Data Analytics Training Market Analysis
8 Asia-Pacific Data Analytics Training Market Analysis
9 Latin America Data Analytics Training Market Analysis
10 Middle East and Africa Data Analytics Training Market Analysis
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
The key companies featured in this Data Analytics Training market report include:- IBM Corporation
- Hewlett Packard Enterprise Development LP
- Google LLC
- Amazon Web Services
- Microsoft Corporation