What is Advanced Analytics Platform Market?
The advanced analytics platform helps to analyze any data set using sophisticated techniques and tools with ease. These platforms can help drive innovative business decision making. It gives deeper insights into data, turning that data into actionable information. The factors such as Increasing Demand for Analytical Solutions in the Retail Sector and Rise in the Need to Address Vertical Specific Challenges are driving the global advanced analytics platform market. However, Increasing use of Advanced Analytics Platform for Demand Forecasting also fueling the matket growth.
Highlights from Advanced Analytics Platform Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft (United States), Oracle Corporation (United States), Google (United States), IBM (United States), Vertica Systems (United States), Signals Analytics (United States), Sisense (Israel), Actuate Corporation (United States), Dataiku (United States), DataRobot, Inc. (United States), Dell (United States), FICO (United States), Informatica (United States) and Information Builders (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Advanced Analytics Platform market throughout the forecasted period.
Microsoft (United States), Oracle Corporation (United States), Google (United States), IBM (United States), Vertica Systems (United States), Signals Analytics (United States), Sisense (Israel), Actuate Corporation (United States), Dataiku (United States), DataRobot, Inc. (United States), Dell (United States), FICO (United States), Informatica (United States) and Information Builders (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Izenda (United States), Netcracker Technology (United States), Looker (United States) and Megaputer Intelligence Inc. (United States). Advanced Analytics Platform Market Segmentation:
Scope | Sub-Segments |
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Enterprise | Small and Medium Enterprises,Large Enterprises |
Deployment | On-premises,Cloud-based |
Platform Type | Mobile Based,PC Based |
Pricing Model | Free Trial,Monthly Subscription,Annual Subscription,One-Time License |
On the basis of geography, the market of Advanced Analytics Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of Advanced Analytics Platform for Demand Forecasting
Market Growth Drivers:
Increasing Demand for Analytical Solutions in Retail Sector and Rise in the Need to Address Vertical Specific Challenges
Challenges:
Lack of Skilled IT Professionals
Restraints:
Technological Complexities Associated with Advanced Analytics Platform
Opportunities:
Growth in the E-commerce Industry and Increasing Demand from End-users
Key Target Audience
Advanced Analytics Platform Developers, Emerging Companies, Research Professionals and End-users