Statistical Analytics Market– Research trend Company Share, Growth Value, and Competitive Landscape Analysis by 2027
Market Scenario:
Market Research Future
(MRFR), in its latest report on the Statistical Analytics Market Report
2020
releases the current and long-term influence of SARS-CoV-2 pandemic on the
market through the review period. As per MRFR study, the expansion of the
global statistical analytics market can be at 15% CAGR across the assessment
period. The high need to meet improved consumer satisfaction is boosting the
demand for statistical analytics solutions across multiple sectors, such as
foods and beverages, BFSI, healthcare, IT & telecommunications, retail, and
manufacturing, among others.
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Competitive Outlook:
Statacorp (U.S.), SAS
Institute (U.S.), Tibco Software Inc. (U.S.), SAP SE (Germany), Oracle
Corporation (U.S.), Plug & Score (U.S.), International Business Machine
(U.S.), Qlik Software (U.S.), Alteryx (U.S.), and Lumina Decision Systems
(U.S.) are some reputed players in the worldwide statistical analytics market.
Segmentation:
The
segment study of the statistical analytics market is based on organization
size, component, deployment, and vertical.
The
component-based segments of the statistical analytics market are solution and
service. The solution segments are forecasting & econometric, data mining,
visual analytics, predictive analysis, and statistical analytics. The service
segments area professional, and support & maintenance service. The increase
in the rate of deployment of statistical analytics solutions across major
enterprises can promote the expansion of the market across the assessment
period. The high utility of predictive analysis to boost operation performance
is expected to impel the expansion of the market across the analysis
period.
The
deployment based statistical analytics market segments are cloud and
on-premises. The increase in the demand for cloud solutions for statistical
analytics can impel the expansion of the market soon.
The
organization size-based segments of the statistical analytics market are small
& medium sized enterprises and large-scale enterprises. The large-scale
adoption of statistical analytics solutions and services by SMEs to deliver
high quality solutions can impel the expansion of the market across the review
period.
The
vertical based segments of the statistical analytics market are IT &
telecommunication, government & defence, transportation & logistics,
healthcare, BFSI, retail, travel & hospitality, manufacturing, and media
& entertainment. Healthcare and retail are high consumers of statistical
analytics, which can promote the expansion of the market across the review
period.
Regional
Analysis:
The statistical analytics
market in North America can rise at a considerably high pace due to rise in the
need for effective analytics solution in top notch enterprises. The increase in
the need for statistical analytics in the booming automobile sector is
attributed to the expansion of the regional market. Additional factors, such as
highly effective network infrastructure, rapid implementation of higher
technology, and digitization can prompt the expansion of the statistics
analysis market in North America. In Europe, the expansion of the product
portfolio driven by advanced technology and hefty investment made in them are
likely to propel the rise of the regional market through the assessment period.
In rising economies of EU, the statistical analytics market can rise at a
decent pace. In Asia Pacific, the fast-growing e-commerce sector and increase
in the need for effective supply chain solutions can propel the rise of the
market through the study period.
Industry News
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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