U.S. markets closed
  • S&P 500

    -5.13 (-0.12%)
  • Dow 30

    +29.04 (+0.09%)
  • Nasdaq

    -13.14 (-0.10%)
  • Russell 2000

    +19.39 (+1.01%)
  • Crude Oil

    -0.27 (-0.30%)
  • Gold

    +0.20 (+0.01%)
  • Silver

    +0.10 (+0.47%)

    +0.0007 (+0.07%)
  • 10-Yr Bond

    -0.0750 (-2.64%)

    +0.0004 (+0.03%)

    -0.0430 (-0.03%)

    +771.80 (+3.34%)
  • CMC Crypto 200

    +16.96 (+3.12%)
  • FTSE 100

    +42.63 (+0.57%)
  • Nikkei 225

    +73.34 (+0.26%)

Advanced Analytics Market size worth $ 214.35 Billion, Globally, by 2030 at 21.1% CAGR: Verified Market Research®

·5 min read

The introduction of machine learning and Artificial Intelligence (AI) to give individualized consumer experiences, the rising online shopping, and the expanding of social networking platforms are the primary drivers driving the market's growth.

JERSEY CITY, N.J., July 13, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Advanced Analytics Market" By Type (Big Data Analytics, Business Analytics), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By Deployment (On-premise, Cloud), By End-Use (BFSI, Government), and By Geography. According to Verified Market Research, the Advanced Analytics Market size was valued at USD 27.82 Billion in 2021 and is projected to reach USD 214.35 Billion by 2030, growing at a CAGR of 21.1% from 2022 to 2030.

Verified Market Research Logo
Verified Market Research Logo

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=248831

Browse in-depth TOC on "Advanced Analytics Market"
202 - Pages
126 – Tables
37 – Figures

Global Advanced Analytics Market Overview

The introduction of machine learning and artificial intelligence (AI) to provide tailored customer experiences, as well as the increased requirement to prevent fraudulent actions during the pandemic, are two important reasons driving the advanced analytics market. Because companies are using Software-as-a-Service (SaaS) to supply cloud-based solutions, cloud adoption is claimed to have surged recently. Business users are constantly on the search for the most effective yet cost-effective solutions. Outsourcing operational IT tasks to another organization are possible with cloud-based solutions.

The advanced analytics market's overall expansion may be hampered by a complicated data environment that leads to data breaches and security difficulties, as well as a lack of sophisticated analytical understanding among the workforce. Furthermore, advancements in the sector of big data have aided in the improvement of data science experts' assessment abilities. Enterprises can improve critical business functions, processes, and goals by embracing big data analytics. As a result of turning data into intelligence, firms may meet stakeholder needs, manage data volumes, manage risks, strengthen process controls, and boost administrative performance.

Key Developments

  • In February 2021, RapidMiner, Inc. announced a partnership with Hivecell, an Edge-as-a-Service company. The collaboration is aimed at allowing users to rapidly create and operate models with streaming data from the edge. Hivecell users will be able to employ models created with the RapidMiner platform to enable AI-optimized decision-making wherever it is needed as a result of the integration.

Key Players

The major players in the market are Altair Engineering, Inc., Fair Isaac Corporation, International Business Machines Corp., Knime, Microsoft Corporation, Oracle Corporation, RapidMiner Inc, Sap SE, Trianz, SAS Institute Inc.

Verified Market Research has segmented the Global Advanced Analytics Market On the basis of Type, Enterprise Size, Deployment, End-Use, and Geography.

  • Advanced Analytics Market, By Type

  • Advanced Analytics Market, By Enterprise Size

  • Advanced Analytics Market, By Deployment

  • Advanced Analytics Market, By End-Use

  • Advanced Analytics Market, by Geography

Browse Related Reports:

In-Memory Analytics Market By Components (Softwares and Services), By Application (Financial Management, Supply Chain Optimization, Predictive Asset Management), By Organization Size (Small and Medium-Sized Businesses (SMBs) and Large Enterprises), By Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT), By Geography, Forecast, 2021-2028

Big Data Analytics In Telecom Market By Platform (On-Premises, Cloud-Based), By End User (Large Enterprise, Small And Medium Enterprises), By Geography, Forecast, 2021-2028

Business Intelligence Software Market By Service (Professional Services and Managed Service), By Platform (Business Intelligence Platform, Advanced and Predictive Analytics, Analytics Application, Content Analytics), By Geography, Forecast, 2021-2028

Customer Behavior Analytic Market By Product (Solution, Service, Advisory), By Application (Financial Services, Retail, Socializing, Game Entertainment, Tourism), By Geography, Forecast, 2021-2028

Top 7 In-Memory Analytics Companies making complex business situations smooth

Visualize Advanced Analytics Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg


View original content:https://www.prnewswire.com/news-releases/advanced-analytics-market-size-worth--214-35-billion-globally-by-2030-at-21-1-cagr-verified-market-research-301585751.html

SOURCE Verified Market Research