Market Share of Advanced Analytics Industry
The market for advanced analytics is pretty consolidated, with a few big companies controlling a big chunk of it, especially when it comes to enterprise adoption.Their participation at all stages of the value chain for data handling strengthens their market positions. Large businesses dominate this sector because they can offer innovative, high-quality services on a wide range of scales and customize them to meet the needs of each customer.
In August 2022, SAS and SingleStore announced their collaboration to deliver next-generation data and analytics architectures with SAS Viya, which enables the use of SAS analytics and AI technology on data stored in SingleStore's cloud-native real-time database. The integration provides flexible, open access to curated data to help accelerate value for cloud, hybrid, and on-premises deployments, and through SAS' analytic performance, the companies aim to reduce the complexity of data management and integration as well as the computational time required to train sophisticated models.
Advanced Analytics Market Leaders
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IBM Corporation
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SAS Institute Inc.
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SAP SE
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Oracle Corporation
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Microsoft Corporation
*Disclaimer: Major Players sorted in no particular order
