Advanced Analytics Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ITR 96476 Report Format: PDF + Excel (Delivery in 48 Hrs)
The market for Advanced Analytics is forecast to reach $9.67billion by 2025, growing at a CAGR of 23.76% from 2020 to 2025. This is driven by the trend of increasing adoption of analytical solutions majorly in the retail sectors for demand forecasting, trade promotion optimization and so on. As advanced analytics helps business to take crucial decisions based on the insights, the adoption rate in various firms is significantly rising thereby contributing to the market growth rate.

Report Coverage
The report: “Advanced Analytics Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Advanced Analytics market. 

By Type: Statistical Analytics, text analytics, risk analytics, predictive analytics, others
By Deployment: On-premise, cloud
By Enterprise size: Small and medium, large
By Application: BFSI, retail, Healthcare, IT & Telecom, transportation and logistics, Government, others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • BFSI is analysed to hold highest market share owing to the increased demand from the sector due to increasing frauds.
  • North America is dominating the advanced analytics market is 2019 majorly attributed to the faster adoption and implementation of advanced technologies.
  • Increasing demand for cloud based solutions in data storage and in analytics is driving the market growth rate.

By Enterprise Size- Segment Analysis
Large scale enterprises are dominating the market in 2019 as they deal with large amount of data. The implementation of customer analytics, and business analytics with the enormous amount of data generated in these firms is certainly impacting on the market growth rate. Furthermore, the large scale enterprises prioritize the location intelligence, data governance, and enterprise planning, thereby driving the adoption of the advanced analytics in the segment. Adding to this, the Australian government has announced plans to provide funds for the adoption of cloud-based advanced analytics solutions in start-ups under Digital Australia 2020 initiative. These factors are analysed to boost the adoption rate of advanced analytics and contribute to the market growth rate.

By End user- Segment Analysis 
The growing need of minimizing the frauds and risk handling in BFSI sector is contributing to the highest market share of the segment in 2019. Advanced analytics helps the banks in sorting the data of particular region in order to make insightful decisions in credit risk management, capital planning and so on. Moreover, the replacement of the traditional anti-fraud tools with advanced analytics as a result of growing frauds is set to contribute to the growth of the market. Adding to this, the significant rise in the unorganized data generated from streaming activities for media subscription services is analysed to contribute to the growth of advanced analytics adoption in the IT & Telecom sector. 

Geography - Segment Analysis
North America is the dominant region for advanced analytics in 2019. The presence of suitable infrastructure alongside the adoption of artificial intelligence and big data analytics is set to the major factor contributing to the demand in the region. In October 2018, SAS Institute Inc. has signed a contract with Volvo Trucks North America for providing its advanced analytics platform, through which the company strengthened its portfolio of uptime-boosting services by improving remote diagnostics. Therefore the adoption of these solutions provides the firms with optimized solutions which is in turn impacting on the high adoption rate. APAC is analysed to grow at significant rate owing to the growing ecommerce and retail sectors in the region.

Drivers – Advanced Analytics market 
  • Increasing demand for social media
The increasing usage and demand for social media is a key driving factor for the advanced analytics market. A large database is created with the high usage of social media, through which the enterprises can know consumer choices thereby planning their business strategies. Therefore the deployment of advanced analytics in the database management is further set to escalate the market growth rate.

  • Adoption of Advanced technologies:
Adoption of IoT and automation technologies in industries have been driving the Advanced Analytics market. IoT deals with the things embedded with sensors, software, electronics, and network connectivity, enabling these devices to collect and exchange data. Advanced Analytics with integration of IoT benefits industries in predictive or preventative failure analysis thereby significantly contributing to the growth of the market.

Challenges – Advanced Analytics market
  • Technical misspecifications
Technical misspecifications of the goods and others provide the wrong information which lead to the wrong decision impacting the business severely. Hence the technical misspecifications are certainly set to hinder the adoption rate, thereby impacting on the market growth rate. 

Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Advanced Analytics market. Advanced Analytics driver market is expected to be dominated by major companies such as Altair Engineering, Inc., Fair Isaac Corporation, IBM Corporation, KNIME, Microsoft Corporation, Oracle Corporation, RapidMiner, Inc., SAP SE, SAS Institute Inc., and Trianz among others.

  • Acquisitions/Technology Launches/Partnerships
  • In February 2019, IBM Corporation launched a new portfolio of IoT solutions that use a combination of advanced analytics and artificial intelligence thereby impacting on the improved maintenance strategies of many firms.

1. Advanced Analytics Market - Overview
        1.1 Definitions and Scope
2. Advanced Analytics Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Advanced Analytics Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Advanced Analytics Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Advanced Analytics Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Advanced Analytics Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Advanced Analytics Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Advanced Analytics Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Advanced Analytics Market - By Type(Market Size -$Million / $Billion)
        9.1 MARKET SEGMENTATION
            9.1.1 By Type
                 9.1.1.1 Statistical Analysis
                 9.1.1.2 Text Analytics
                 9.1.1.3 Risk Analytics
                 9.1.1.4 Predictive Analytics
                 9.1.1.5 Other Types
            9.1.2 By End-user Industry
                 9.1.2.1 BFSI
                 9.1.2.2 Retail and Consumer Goods
                 9.1.2.3 Healthcare
                 9.1.2.4 IT Telecommunication
                 9.1.2.5 Transportation Logistics
                 9.1.2.6 Government Defense
                 9.1.2.7 Other End-user Industries
        9.2 COMPETITIVE LANDSCAPE
10. Advanced Analytics - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Advanced Analytics- By Geography (Market Size -$Million / $Billion)
        11.1 Advanced Analytics Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Advanced Analytics- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Advanced Analytics- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Advanced Analytics - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Advanced Analytics - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Advanced Analytics Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Advanced Analytics Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Advanced Analytics Market - Key Company List by Country Premium
15. Advanced Analytics Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Company 2
        15.3 Company 3 & More
*Financials would be provided on a best efforts basis for private companies
16. Advanced Analytics Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Advanced Analytics Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Statistical Analysis Market 2019-2024 ($M)
1.1.2 Text Analytics Market 2019-2024 ($M)
1.1.3 Risk Analytics Market 2019-2024 ($M)
1.1.4 Predictive Analytics Market 2019-2024 ($M)
1.2 By End-user Industry Market 2019-2024 ($M) - Global Industry Research
1.2.1 BFSI Market 2019-2024 ($M)
1.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
1.2.3 Healthcare Market 2019-2024 ($M)
1.2.4 IT Telecommunication Market 2019-2024 ($M)
1.2.5 Transportation Logistics Market 2019-2024 ($M)
1.2.6 Government Defense Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Statistical Analysis Market 2019-2024 (Volume/Units)
3.1.2 Text Analytics Market 2019-2024 (Volume/Units)
3.1.3 Risk Analytics Market 2019-2024 (Volume/Units)
3.1.4 Predictive Analytics Market 2019-2024 (Volume/Units)
3.2 By End-user Industry Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 BFSI Market 2019-2024 (Volume/Units)
3.2.2 Retail and Consumer Goods Market 2019-2024 (Volume/Units)
3.2.3 Healthcare Market 2019-2024 (Volume/Units)
3.2.4 IT Telecommunication Market 2019-2024 (Volume/Units)
3.2.5 Transportation Logistics Market 2019-2024 (Volume/Units)
3.2.6 Government Defense Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Statistical Analysis Market 2019-2024 ($M)
5.1.2 Text Analytics Market 2019-2024 ($M)
5.1.3 Risk Analytics Market 2019-2024 ($M)
5.1.4 Predictive Analytics Market 2019-2024 ($M)
5.2 By End-user Industry Market 2019-2024 ($M) - Regional Industry Research
5.2.1 BFSI Market 2019-2024 ($M)
5.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
5.2.3 Healthcare Market 2019-2024 ($M)
5.2.4 IT Telecommunication Market 2019-2024 ($M)
5.2.5 Transportation Logistics Market 2019-2024 ($M)
5.2.6 Government Defense Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Statistical Analysis Market 2019-2024 ($M)
7.1.2 Text Analytics Market 2019-2024 ($M)
7.1.3 Risk Analytics Market 2019-2024 ($M)
7.1.4 Predictive Analytics Market 2019-2024 ($M)
7.2 By End-user Industry Market 2019-2024 ($M) - Regional Industry Research
7.2.1 BFSI Market 2019-2024 ($M)
7.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
7.2.3 Healthcare Market 2019-2024 ($M)
7.2.4 IT Telecommunication Market 2019-2024 ($M)
7.2.5 Transportation Logistics Market 2019-2024 ($M)
7.2.6 Government Defense Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Statistical Analysis Market 2019-2024 ($M)
9.1.2 Text Analytics Market 2019-2024 ($M)
9.1.3 Risk Analytics Market 2019-2024 ($M)
9.1.4 Predictive Analytics Market 2019-2024 ($M)
9.2 By End-user Industry Market 2019-2024 ($M) - Regional Industry Research
9.2.1 BFSI Market 2019-2024 ($M)
9.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
9.2.3 Healthcare Market 2019-2024 ($M)
9.2.4 IT Telecommunication Market 2019-2024 ($M)
9.2.5 Transportation Logistics Market 2019-2024 ($M)
9.2.6 Government Defense Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Statistical Analysis Market 2019-2024 ($M)
11.1.2 Text Analytics Market 2019-2024 ($M)
11.1.3 Risk Analytics Market 2019-2024 ($M)
11.1.4 Predictive Analytics Market 2019-2024 ($M)
11.2 By End-user Industry Market 2019-2024 ($M) - Regional Industry Research
11.2.1 BFSI Market 2019-2024 ($M)
11.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
11.2.3 Healthcare Market 2019-2024 ($M)
11.2.4 IT Telecommunication Market 2019-2024 ($M)
11.2.5 Transportation Logistics Market 2019-2024 ($M)
11.2.6 Government Defense Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Statistical Analysis Market 2019-2024 ($M)
13.1.2 Text Analytics Market 2019-2024 ($M)
13.1.3 Risk Analytics Market 2019-2024 ($M)
13.1.4 Predictive Analytics Market 2019-2024 ($M)
13.2 By End-user Industry Market 2019-2024 ($M) - Regional Industry Research
13.2.1 BFSI Market 2019-2024 ($M)
13.2.2 Retail and Consumer Goods Market 2019-2024 ($M)
13.2.3 Healthcare Market 2019-2024 ($M)
13.2.4 IT Telecommunication Market 2019-2024 ($M)
13.2.5 Transportation Logistics Market 2019-2024 ($M)
13.2.6 Government Defense Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)

LIST OF FIGURES

1.US Advanced Analytics Market Revenue, 2019-2024 ($M)
2.Canada Advanced Analytics Market Revenue, 2019-2024 ($M)
3.Mexico Advanced Analytics Market Revenue, 2019-2024 ($M)
4.Brazil Advanced Analytics Market Revenue, 2019-2024 ($M)
5.Argentina Advanced Analytics Market Revenue, 2019-2024 ($M)
6.Peru Advanced Analytics Market Revenue, 2019-2024 ($M)
7.Colombia Advanced Analytics Market Revenue, 2019-2024 ($M)
8.Chile Advanced Analytics Market Revenue, 2019-2024 ($M)
9.Rest of South America Advanced Analytics Market Revenue, 2019-2024 ($M)
10.UK Advanced Analytics Market Revenue, 2019-2024 ($M)
11.Germany Advanced Analytics Market Revenue, 2019-2024 ($M)
12.France Advanced Analytics Market Revenue, 2019-2024 ($M)
13.Italy Advanced Analytics Market Revenue, 2019-2024 ($M)
14.Spain Advanced Analytics Market Revenue, 2019-2024 ($M)
15.Rest of Europe Advanced Analytics Market Revenue, 2019-2024 ($M)
16.China Advanced Analytics Market Revenue, 2019-2024 ($M)
17.India Advanced Analytics Market Revenue, 2019-2024 ($M)
18.Japan Advanced Analytics Market Revenue, 2019-2024 ($M)
19.South Korea Advanced Analytics Market Revenue, 2019-2024 ($M)
20.South Africa Advanced Analytics Market Revenue, 2019-2024 ($M)
21.North America Advanced Analytics By Application
22.South America Advanced Analytics By Application
23.Europe Advanced Analytics By Application
24.APAC Advanced Analytics By Application
25.MENA Advanced Analytics By Application