How big is the Advanced Analytics Market?

The Advanced Analytics Market size is expected to reach USD 47.38 billion in 2024 and grow at a CAGR of 21.46% to reach USD 125.26 billion by 2029. Read More

What is the current Advanced Analytics Market size?

In 2024, the Advanced Analytics Market size is expected to reach USD 47.38 billion. Read More

Who are the key players in Advanced Analytics Market?

IBM Corporation, SAS Institute Inc., SAP SE, Oracle Corporation and Microsoft Corporation are the major companies operating in the Advanced Analytics Market. Read More

Which is the fastest growing region in Advanced Analytics Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Advanced Analytics Market?

In 2024, the North America accounts for the largest market share in Advanced Analytics Market. Read More

What years does this Advanced Analytics Market cover, and what was the market size in 2023?

In 2023, the Advanced Analytics Market size was estimated at USD 39.01 billion. The report covers the Advanced Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Advanced Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Advanced Analytics Market - Size, Share & Forecast

Advanced Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Advanced Analytics Market Opportunities and it is segmented by Type (Statistical Analysis, Text Analytics, Risk Analytics, and Predictive Analytics), End-user Industry (BFSI, Retail and Consumer Goods, Healthcare, IT and Telecommunication, Transportation and Logistics, Government, and Defense), and Geography (North America (United States, Canada), Europe (Germany, France, United Kingdom), Asia-Pacific (China, Japan, India), Latin America, the Middle East, and Africa)). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Advanced Analytics Industry Overview

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.