Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics

Valley Cottage, NY -- (SBWire) -- 11/08/2017 --Future Market Insights (FMI) has offered an exhaustive analysis on the global advanced analytics market, for the forecast period 2017 to 2022, in its one of the recent research reports. FMI's report projects the global market for advanced analytics to reflect a steady 5.5% CAGR through 2022. Revenues from the global advanced analytics market will exceed US$ 13,500 Mn by 2022-end.

Adoption of advanced analytics solutions has witnessed a considerable surge over the recent past, with increased demand for addressing diverse business requirements. With increasing competition, businesses are focusing on rapid expansion for gaining higher market shares along with retaining their customers.

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These businesses require intelligence, which will help in predicting future scenarios, identifying opportunities, improving processes and anticipating problems. Advanced analytics helps in meeting all these business requirements.

A number of niche players are entering the market with the provision of advanced analytics solutions at a relatively lower costs, which in turn has fuelled the adoption of these solutions.

The global advanced analytics market is projected to witness the fastest expansion in North America, with sales estimated to reach approximately US$ 2,500 Mn in revenues by 2022-end. Based on solutions, big data analytics and visual analytics are projected to register a parallel expansion in sales through 2022.

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Advanced analytics solutions are anticipated to experience the fastest sales expansion in retail & consumer goods industry, with sales poised to account for nearly US$ 3,000 Mn revenues by 2022-end. Government and healthcare industries are also projected to ride on a high CAGR in the market through 2022.

Key companies profiled by FMI's report, who are actively contributing to expansion of the global market for advanced analytics, include CA Technologies, Oracle Corp., Teradata Corporation, Infor Inc., SAS Institute Inc., Microsoft Corp., Intel Corp., and IBM Corporation.

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