Advanced Analytics Market Headed for $226.2 Billion by 2028
According to MarketsandMarkets™, the expansion of the advanced analytics market will take it from USD 64.3 billion in 2023 to USD 226.2 billion by 2028, growing at 28.6% CAGR.
The advanced analytics market is expected to grow significantly during the forecast period, owing to various business drivers like the rising adoption of big data and other related technologies to leverage real-time data processing and the growing demand for cloud-based analytics solutions for better accessibility and cost-effectiveness.
Download PDF Brochure@ http://marketsandmarkets.com/pdfdownloadNew.asp?id=58104148
Advanced Analytics Industry Insights
- Build AI-Driven Offerings: Enhance advanced analytics portfolios with artificial intelligence and machine learning capabilities to address complex business problems and automation needs.
- Leverage Cloud Native Analytics: Promote scalable, accessible solutions via cloud deployment, appealing to both large enterprises and fast-growing mid-markets.
- Invest in Verticalization: Tailor advanced analytics solutions for industry-specific applications (e.g., BFSI—fraud detection, Retail—personalized marketing).
- Prioritize Security and Compliance: Address evolving regulatory and data privacy requirements, especially across finance, healthcare, and government sectors.
- Expand Strategic Alliances: Collaborate with technology partners, data providers, and vertical solution vendors to extend market reach and offer integrated solutions.
Advanced Analytics Market Key Takeaways
- The advanced analytics market will remain a high-growth, innovation-driven segment, fueled by advances in data science, AI, and big data technologies.
- Investments in predictive and prescriptive analytics are vital for business resilience and competitive differentiation.
- Early adoption in emerging markets—especially Asia Pacific—offers significant expansion opportunities for solution providers and channel partners.
- Business leaders should focus on agility, interoperability, and measurable ROI to realize full market potential.
By offering, services to register for the highest CAGR during the forecast period
The scope of the services segment comprises training and consulting, system integration and implementation, and support and maintenance. The services segment of the advanced analytics market is growing rapidly. These services play a vital role in properly functioning advanced analytics solutions. Advanced analytics vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market.
By type, big data analytics to register for the highest market size during the forecast period
Big data analytics are frequently leveraged by financial services organizations looking to mine massive amounts of stock market data to identify and capitalize off previously unknown trends. Public health organizations are also increasingly leveraging huge amounts of population health data to develop better policies, treatment, and healthcare practices. Big data has changed and revolutionized the way businesses and organizations work. A lot of enterprises from different industries benefit from big data techniques and processing methods.
By region, Asia Pacific to account for highest growth rate during forecast period
Asia Pacific is witnessing significant technological innovation in advanced analytics. Several Asian countries, such as Japan, China, and India, are leveraging information-intensive technologies, and advanced analytics is one of the leading technology trends. With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are showing an interest in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues.
Top Companies in Advanced Analytics Market:
Some 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), and Vanti Analytics (Israel).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
English
Arabic
Français
Español
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian