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Advanced Analytics Market To Create Business Opportunities With 25.3% CAGR Owing To Rising Usage in BFSI, Government, Manufacturing And Agriculture Sectors Till 2027 | Million Insights

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Advanced Analytics Market To Create Business Opportunities With 25.3% CAGR Owing To Rising Usage in BFSI, Government, Manufacturing And Agriculture Sectors Till 2027 | Million Insights

June 28
09:30 2021
Advanced Analytics Market To Create Business Opportunities With 25.3% CAGR Owing To Rising Usage in BFSI, Government, Manufacturing And Agriculture Sectors Till 2027 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the emergence of global advanced analytics industry 4.0 has led to automation across industries like pharmaceuticals, automotive and manufacturing. These industries are increasingly adopting big data analytics to increase the efficiency of their businesses, thereby augmenting the Advanced Analytics market growth. In addition, the market growth is attributed to the rising demand for predictive solutions across industry verticals.

The global advanced analytics market size is projected to touch USD 59.1 billion by 2027, as per a new report by Million Insights. The market is anticipated to register a CAGR of 25.3% over the forecast period. The growing use of advanced analytics in various industries such as BFSI, government, manufacturing and others is proliferating the demand for the market. In addition, the agriculture sector is witnessing the increased use of advanced analytics as it helps farmers to make the decision about plant harvesting and optimizing crop yield. Further, growing information technologies in emerging countries such as Brazil, India, Egypt and Argentina is also bolstering the demand for advanced analytics.

The emergence of industry 4.0 has led to automation across industries such as pharmaceuticals, automotive and manufacturing. These industries are increasingly adopting big data analytics to increase the efficiency of their businesses, thereby augmenting the market growth. Additionally, the market growth is attributed to the rising demand for predictive solutions across industry verticals. Technologies such as Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR) has resulted in the generation of the high volume of data. The correct analysis of these data using advanced analytics help organizations in making data-driven decisions.

To download the sample PDF of “Advanced Analytics Market Report” please click here:
https://www.millioninsights.com/industry-reports/global-advanced-analytics-market/request-sample

North America held the largest share in the market in 2019, primarily because of the high adoption of technologies and better infrastructure to support the technology adoption. While Asia Pacific is projected to grow at the highest CAGR over the forecast period owing to increasing demand for advanced analytics from BFSI sectors. Increasing fraudulent activities has led to the adoption of advanced analytics in the BFSI sector.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-advanced-analytics-market

Further key findings from the report suggest:

• The risk analytics category is anticipated to grow at the fastest CAGR over the forecast duration owing to its growing adoption in IT& Telecom and BFSI sectors.

• Cloud bases analytics is witnessing increasing demand as the majority of business data like procurement data, customer data and transactions are being stored over cloud.

• APAC is anticipated to witness the highest growth rate owing to rising telecom and e-commerce industry.

• Major players in the advanced analytics market are Altair Engineering, Oracle Corporation, Microsoft Corporation, RapidMiner, Inc., SAP SE and IBM Corporation among others.

Million Insights has segmented the global advanced analytics market based on type, deployment, enterprise size, end use, and region:

Advanced Analytics Type Outlook (Revenue, USD Million, 2016 – 2027)
    • Big Data Analytics
    • Business Analytics
    • Customer Analytics
    • Risk Analytics
    • Statistical Analysis
    • Others

Advanced Analytics Deployment Outlook (Revenue, USD Million, 2016 – 2027)
    • On-premise
    • Cloud

Advanced Analytics Enterprise Size Outlook (Revenue, USD Million, 2016 – 2027)
    • Large Enterprises
    • Small & Medium Enterprises (SMEs)

Advanced Analytics End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • BFSI
    • Government
    • Healthcare
    • IT & Telecom
    • Military & Defense
    • Others

Advanced Analytics Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)

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About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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