Data Analytics Market size was estimated at $47.1 Million in 2019 and is expected to reach $106 Million by 2031, growing at a CAGR of 12.3% during the forecast period of 2022 to 2031.
Data Analytics Market Growth Factors
Data Analytics Market Segmentation
Data Analytics Market Country Analysis
Data Analytics Market Share and Competition
Key companies operating in this industry are: BFSI, IT & Telecom, Manufacturing, Retail & E-Commerce, Energy & Power, Healthcare, Transport and Logistics, Media & Entertainment
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Predictive Analytics
• Prescriptive Analytics
• Descriptive Analytics
• Customer Analytics
• Others
Solution Analysis (Revenue, USD Million, 2022 - 2031)
• Data Management
• Data Mining
• Fraud & Security Intelligence
• Data Monitoring
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Enterprise Resource Planning
• Supply Chain management
• Human Resource Management
• Database Management
Organization Size Analysis (Revenue, USD Million, 2022 - 2031)
• Small and Medium Enterprise
• Large Enterprise
Deployment Analysis (Revenue, USD Million, 2022 - 2031)
• Cloud
• On premise
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Data Analytics Market Companies
• BFSI
• IT & Telecom
• Manufacturing
• Retail & E-Commerce
• Energy & Power
• Healthcare
• Transport and Logistics
• Media & Entertainment
• Others
Available Versions:-
United States Data Analytics Market Industry Research Report
Europe Data Analytics Market Industry Research Report
Asia Pacific Data Analytics Market Industry Research Report
Data Analytics has turned out to be of utmost importance by all leading industries and sectors. The surging need for data science, including components Machine to machine communication, machine learning and Artificial intelligence has added to its value. All companies with high-revenue are looking to establish a prominent impression in the digital world and for that, data Science and Analytics have proved to be a ladder. The Market have incurred young minds and ideas with Data science solutions and more number of companies who are driven to these solutions, this has created a greater demand base and the urge to incorporate more technology. The big firms have now realised the importance of consumer satisfaction and tending, Cloud Computing templates, enterprise security, and data science solutions. These have been key players in attracting more high-end, revenue-generating firms. The CAGR of the Data Analytics market by 2022/ would be whopping 13.2%. Furthermore, the incorporation of the Internet of Things ( IoT), data movement, data strategy, Data culmination have been propelling factors for the Business Analytics Market. Another leading factor is Automation and digital transformation. All companies wish to have a strong base for digitisation, and AI induced analytics to strengthen their hold on Data Science. However, the inadequate number of skilled hands and awareness about data analytics can further deplete the growth of the global market. More technology induced services at a cost-effective price with increased Incorporation of IoT and AI can increase the growth of the target market.
National Instruments has announced its acquisition of an Israeli-Based Data Analytics Group Optimal Plus on 2 June 2022. NHAI, National Highway Authority of India, has launched a big data analytics platform and has gone completely digital in June 2022. The National Institutes of Health (NIH) has also launched a new platform for data analytics for the current situation of Covid-19 on 15 June 2022 named National Cohort Collaborative (N3C). This platform will be able to store all the medical data and will be a secure cloud for the health studies. The BNY, Bank of New York Mellon Corp., has announced the launch of three new data analytics platforms, for the ease of managing data for investment managers, on in June 2022. Another data analytics solution provider, Maru, has released a new tech for data analyzing named ‘Maru/Hub Topic Modelling’ in the start of June 2022.
Google Inc. has introduced its Cloud Data Analytics technology in Indonesia for the first time in June 2022. The Sigma Group, a data systems solutions provider, has partnered with ExaGrid to provide enhanced data solutions to the people. “Using ExaGrid allows us to provide high-quality backup services to our customers.”, said the Cloud architect at Sigma Group, Mickael Collet.
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