Advanced Analytics Market 2019
Description: –
Everybody wants to know what will happen in the future. While predicting a person’s life changes cannot be possible, a company or an industry’s growth can be easily predicted based on past and current market positions. Advanced analytics is a part of data science that uses different kinds of high-end tools and methods to forecast or predict future trends and events. This is a fast growing industry and there is so much potential to the same in different industries.
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Key Players
• IBM
• KNIME
• Oracle
• RapidMiner
• SAP
• SAS Institute
In simple terms, advanced analyticsuses different what-if scenarios to predict the risks and opportunities that the future holds. Data mining, big data, and predictive data analysis are all parts of the advanced analytics field and these tools and techniques are used in different application areas everyday to predict future trends and projections. With the right approach, the results of advanced analytical procedures can help with expansions and growth of companies and brands globally.
This report talks about the global, regional and individual company level analysis of the advanced analytics industry and takes past and current data to come to a conclusion about the future growth trends. Factors like growth rate, market size, revenue, demand and supply of these tools and techniques and the CAGR of the market are explained in detail and these factors are projected for the years between 2016 and 2020.
Market Segmentation
The market driver that helps create demand for advanced analyticsisthe need for preventing fraudulent activities. The challenges in the market are the lack of data connectivity and integration and the rise in the adoption of SaaS based predictive analysis is considered the latest market trend. The segmentations in the market based on these challenges, drivers, and trends are checked and the details are explained clearly in the report. This report also talks about different types of analytics and their individual demand in the market during the forecasted period.
Regional Analysis
The market for this study is divided broadly into three areas – the Americas, APAC, and EMEA. Different countries in all these areas are studied in detail and their demand for advanced analytics products and tools is studied. Based on the study, this report concludes which regions will be major shareholders in this industry and which regions will pose as fast growers. Apart from these, different barriers and risks these regions have for stakeholders to invest in the market and the different opportunities they create are also investigated. This report analyzes the sub-markets created in these regions and also points out their growth aspects in the forecasted period.
Industry News
Descartes Systems Group is a leading logistics service provider in the world and in October 2019, the brand announced its launch of an advanced analytics and reporting solution that will help its customers use the data with Descartes’ group for analysis and future prediction. This is supposed to be a very effective yet cost effective solution by this company.
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Some Major key Points Included In This Report :
- Executive summary
- Scope of the report
- Market research methodology
- Introduction
- Market landscape
- Analytics timeline
- Market size and forecast
Continued….
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