Report Highlights
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.
Report Includes
- 26 data tables
- A brief outlook of the global advanced analytics market
- Analyses of the global market trends with data from 2018, estimates of 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Characterization and quantification of the market potential for advanced analytics comprising artificial intelligence and cognitive computing, by major computing techniques, solutions, industry applications
- Assessment of key trends related to technology, industry, and regional factors that shape and influence the overall analytics industry
- Discussion of opportunities and innovation-driven analytics market highlights, as well as the major regions involved in such developments
- Company profiles of major global players within the analytics industry, including Amazon Inc., BigML Inc., Cisco, Deloitte and Microsoft Corp.
Report Scope
The scope of the report includes, a general outlook of the analytics industry, with the scope limited to reports published by BCC Research during the year 2016, 2017 and 2018. This report covers only advanced analytics, artificial intelligence, and cognitive computing technologies. The advanced analytics market covers the following solutions: software tools, integrated hardware appliances, and services. 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.
The AI market covers machine learning, deep learning, and expert systems as these are direct derivatives of analytics. Cognitive computing market in this report covers machine learning and expert systems. Technology coverage in this report includes only those technologies that are a derivative of analytics.
Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation. The scope is limited to the recent studies published by BCC Research and is thus not exhaustive.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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