Advanced And Predictive Analytics Tools Market Size to Grow by $ 9.35 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the advanced and predictive analytics tools market and it is expected to grow by $ 9.35 bn, accelerating at a CAGR of almost 18% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Advanced And Predictive Analytics Tools Market: Emerging Trends to Impact Market Growth
Rising demand for predictive analytics to emerge as a key trend in the industrial advanced and predictive analytics tools market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Advanced And Predictive Analytics Tools Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alteryx Inc., CGI Inc., Fair Isaac Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., The MathWorks Inc., and TIBCO Software Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The advanced and predictive analytics tools market has the potential to grow by USD 9.35 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 18.36%.
This advanced and predictive analytics tools market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by deployment (cloud and on-premise) and geography (North America, Europe, APAC, South America, and MEA). The advanced and predictive analytics tools market report also offers information on several market vendors, including Alteryx Inc., CGI Inc., Fair Isaac Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., The MathWorks Inc., and TIBCO Software Inc. among others. View Free Sample Report
Advanced And Predictive Analytics Tools Market: Emerging Trends to Impact Market Growth
The increasing use of IoT is one of the significant predictive analytics tools market trends that will affect the market landscape. The increase in the generation of IoT data is compelling enterprises to adopt advanced analytics to automate operations. The use of advanced and predictive analytics tools eliminates the need for conventional scheduled and preventive maintenance operations. Smart cities are increasingly using predictive analytics to create a sustainable environment. Smart buildings are using analytics to predict energy fluctuations and optimize energy consumption. The increasing adoption of IoT across various industries is positively impacting the demand for predictive analytics tools.
The advent of big data and the rising number of online transactions have increased the incidences of fraudulent cases. This is compelling enterprises to adopt predictive analytics tools to enhance fraud detection capabilities. Advanced and predictive analytics help enterprises identify actual and expected fraud.
Advanced And Predictive Analytics Tools Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alteryx Inc., CGI Inc., Fair Isaac Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., The MathWorks Inc., and TIBCO Software Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
