Report Highlights
The global market for advanced analytics totaled $207.4 billion in 2015, and should total nearly $219.3 billion by 2020, a five-year compound annual growth rate (CAGR) of 1.1%, through 2020.
Report Includes
- An overview of the global markets for advanced analytics.
- Analyses of global market trends, with data from 2014, 2015, and CAGRs through 2020.
- An in-depth look at advanced analytic software tools, integrated hardware appliances, and advanced analytics services
- Breakdowns of the market by region, services, industry, and appliances
- Evaluations of inventory optimization, carrier sourcing analytics, and supply chain planning
- A look at the market's dynamics, specifically growth drivers, restraints, and opportunities
- Profiles of major players in the industry
Report Scope
The advanced analytics market comprises applications for the following industries: banking and financial services, telecommunications and IT, healthcare, government and defense, transportation and logistics, and consumer goods and retail. In 2014, the banking and financial services segment accounted for the highest market share and is expected to remain the leader through 2020.
The banking and financial services sector uses advanced analytics to mitigate fraud, optimize processes and manage risks. The telecom sector uses analytics to protect customers from fraud and minimize churn by offering precise marketing programs for specific customers. The healthcare industry uses analytics to improve clinical performance, and detect and manage fraud. Retail companies use advanced analytics to gain insight into consumers’ buying behavior and help with merchandize planning and size optimization.
Specifically excluded from the study, as they are considered beyond the scope of this report, are trends and theme topics around advanced analytics such as mobile app analytics, big data, data science, location analytics, high-performance computing (HPC), data lake, Internet of Things (IoT), digital analytics, artificial intelligence (AI), machine to machine (M2M), mobile business intelligence (BI), social media analytics and data visualization tools.
Analyst Credentials
Arup Banerjee is a senior market researcher in the IT industry with a specific focus on market intelligence, primary research, syndicated and custom research, marketing strategy, secondary research and business strategic research. As a market research analyst, he provides market research services such as full-service project management, report generation and presentation and actionable insights development with actionable recommendations. He holds an MBA in marketing.
Related Reports
Wearable Computing: Technologies, Applications and Global Markets
The global market for wearable computing should grow from $80.5 billion in 2021 to $255.8 billion by 2026 with a compound annual growth rate (CAGR) of 26.0% for the period of 2021-2026.
The Internet of Things
The global market for the Internet of Things (IoT) technologies is estimated to grow from $370.5 billion in 2021 to reach $1.3 trillion by 2026, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2021-2026.
Global Supply Chain Analytics: Technologies Market
The global supply chain analytics market should reach $9.2 billion by 2024 from $4.4 billion in 2019 at a compound annual growth rate (CAGR) of 15.8% for the period of 2019 to 2024.
Analytics Markets: A Global Outlook
The global market for advanced analytics should grow from $248.0 billion in 2019 to $281.0 billion by 2024 at a compound annual growth rate (CAGR) of 2.6% for the period of 2019-2024.
Recent Reports
Industrial IoT (IIoT): Global Markets
The global market for IIoT is estimated to increase from $147.2 billion in 2023 to reach $391.8 billion by 2028, at a compound annual growth rate (CAGR) of 21.6% from 2023 through 2028.
Smart Home Technologies: Global Markets
The global market for smart home technologies is expected to increase from $102.3 billion in 2023 to $166.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of 10.3% during the forecast period of 2023-2028.
Global AI Camera Market
This report provides an understanding of the artificial intelligence (AI) camera market and the driving factors behind its adoption. It identifies the potential areas of growth and obstacles related to AI cameras, as well as to highlights the areas that require improvement within the AI camera industry. In this report, the global market of AI cameras has been segmented based on offerings, product type, technology, end users, and geographical region.
Medical Kiosks: Global Market and Forecasts
This report provides an outlook of the global medical kiosks market. It highlights the current and future market potential for global medical kiosks and provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities and trends in the market, emerging technologies, future analysis and impact of wars on the market. The report covers market projections through 2028 and an analysis of company product portfolios of the key market players.
Global Spatial Computing Market
This report provides an overview of the global spatial computing market size analysis and a detailed analysis of the market player’s products and strategies. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on component, technology, industry, and geography.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More