Scope of the Study
Statistics software, a program which is used as an exact technique to manage and analyse quantitative or qualitative data for the statistical analysis of the collection, analysis, interpretation and presentation of data in an organisation. In the current scenario, the software is updated regularly and the growth of big data and analytics provide a lucrative opportunity in the growth of the statistical software market.
The market study is being classified, by Application (Santific Research, Finance, Industrial and Others) and major geographies with country level break-up.
Microsoft (United States), IBM (United States), SAS Institute (United States), Tableau Software (United States), Qlik Technologies Inc. (Sweden), MathWorks (United States), Minitab (United States), ABS Group (United States), Alteryx (United States), MaxStat Software (Germany), StataCorp (United States), TIBCO Software (United States), Lumina Decision Systems (United States), Systat Software Inc. (United States), Addinsoft Inc. (United States) and SAP (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are RapidMiner (United States), KNIME AG (Switzerland) and QDA Miner (Canada).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Statistics Software market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Statistics Software market by Type, Application and Region.
On the basis of geography, the market of Statistics Software 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). If we see Market by Based on Operating System, the sub-segment i.e. Linux will boost the Statistics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Midsize Enterprise will boost the Statistics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Need of Data Analysis Among Organization
- Increasing Transformation of Data into Stunning Visuals
Market Trend
- Surging Visualization of Data Through Interactive, Real-Time Dashboards and Analytics that Generate Actionable Insights
- Adoption of Machine-Learning Algorithms, Text Analysis, Open-Source Extensibility & Integration with Big Data
Restraints
- Lack of Skilled Professionals in Medium Size Organisation in Developing Economies
Opportunities
- The Growth of Data Analytics and Business Analysis
- Surging Adoption Among Large Organisation to Improve Efficiency and Minimize Risk
Challenges
- High Cost of Statistical Software
- Lack of Skill Set and Expertise
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance
Key Target Audience
Government Agencies, Statistical and Analysis Solutions/Service Vendors, Software Developers, System Integrators and Application End-users
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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