Global Data Analytics Market, By Type (Predictive, Prescriptive), Solution (Data Management, Data Visualization), Application (ERP, SCM), Industry (BFSI, IT & Telecom, Manufacturing), Deployment (Cloud, On-Premise), Organization Size - Forecast (2017-2023). Global Data Analytics Market is projected to reach USD 77.64 Billion by 2023
As per recent analytical report published by Report Ocean, the Global Data Analytics Market is projected to reach USD 77.64 Billion by 2023, at a compound Annual Growth Rate (CAGR) of 30.08% during the forecast period. Data analytics is used for identifying the future results on the basis of its historical trends and data.
It is done through the use of machine learning techniques and statistical algorithms. With the help of the data analytics, one can leverage the database for the examination of the future probabilities.
The techniques of data analytics are broadly utilized in business ventures to empower the organizations to settle for the profitable business choices. The data analytics tool enables organizations to expand income, enhance operational productivity, upgrade promoting and marketing campaigns, responding faster to the developing patterns and gain a better advantage.
The report delivers all the market facts along with the market trends, correlating between the market forecast and market dynamics. In this report, the user can also get an in-depth analysis of the market on the basis of its type, application, solution, industry, organization size, deployment, and global regions.
The report even covers the market dynamics including opportunities, trends, drivers, and restraint factors, that are highly influencing the key market segments and its growth pattern.
Key Segments Covered
- Data Management
- Data Visualization
- IT & Telecom
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Data related to the market was collected through various sources such as industry journals, technical literature, white papers, and various government and reliable websites. Primary research was conducted among market players, stakeholders and key leaders to obtain the related data by various methods.
Various economic parameters were considered to evaluate the market strategy and estimate the market size in an effective and accurate manner. Market forecast was performed through various software that help to evaluate and calculate major market impact through numerous quantitative and qualitative factors.
Report Ocean follows other research methodologies along with traditional methods to compile the 360-degree research study that is majorly customer-focused and involve a major company contribution with research team. The client specific research provides the market sizing forecast and analyzed the market strategies that is focused on client-specific requirements to analyze the market trends, and forecasted market developments.
Company’s research methodology that leverages the data estimation model that cover the dynamics of major market matrix and all supporting pillars. The detailed description of research process includes data mining is an extensive step of research methodology.
It helps to obtain the information through reliable sources. The data mining stage includes both primary and secondary information sources.
- North America
- South America
- Microsoft Corporation (U.S.)
- Amazon Web Services Inc. (U.S.)
- SAP SE (U.S.)
- Oracle Corporation (U.S.)
- Dell Inc. (U.S.)
- SAS Institute Inc. (U.S.)
- Alteryx, Inc. (U.S.)
- Looker Data Sciences, Inc. (U.S.)
- Datameer Inc. (U.S.)
- IBM Corporation (U.S.)
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