The Asia Pacific Advanced Analytics Market would witness market growth of 25.4% CAGR during the forecast period (2021-2027).
A significant rise was witnessed in the size of unorganized data like corporate emails, surveillance data, and consumer data produced from streaming activity for media subscription services like Hulu, Netflix, Amazon Prime Video, in the past few years. Therefore, a surge has been seen in the demand for database management tools, thereby it is also boosting the demand for analytics for data management and strategic decision-making.
The incorporation of analytics with Geographical Information System (GIS) and enhancements in location-based services have augmented the size of geospatial data extensively, thus making it mandatory to deploy advanced analytics optimum data management. Several businesses are deploying advanced analytics solutions to prepare new plans according to the client location on maps and their geospatial data.
Industries such as manufacturing, automotive, and pharmaceuticals are putting hefty investments in the deployment of artificial intelligence for their process optimization. The adoption of big data analytics in process optimization allows makers to enhance the production process, enhance the efficiency of the supply chain, and recognize variables that are impacting the production quality, thereby propelling the growth of the market.
The high accessibility of advanced analytical services and massive demand for predictive solutions are expected to create lucrative growth opportunities for the players operating in the regional advanced analytics market during the forecast period. Therefore, these factors would accelerate the development of the regional advanced analytics market over the upcoming years.
Technologies like Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) are considered as data immersive technologies and need high bandwidth for operations, leading to the creation of a massive volume of data. The companies working in the agriculture and entertainment sector of the region are increasingly utilizing AR, which would boost the demand for the advanced analytics market during the forecast period.
The China market dominated the Asia Pacific Small & Medium Enterprises Advanced Analytics Market by Country 2020, thereby, achieving a market value of $1,686.5 million by 2027. The Japan market is exhibiting a CAGR of 26.3% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 27.7% during (2021 - 2027).
Based on Type, the market is segmented into Big Data Analytics, Business Analytics, Customer Analytics, Risk Analytics, Statistical Analysis and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Military & Defense, Healthcare, Government and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Advanced Analytics Market is Projected to reach USD 56.2 Billion by 2027, at a CAGR of 23.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAS Institute, Inc., SAP SE, IBM Corporation, Oracle Corporation, Dell Technologies, Inc., Microsoft Corporation, RapidMiner, Inc., Altair Engineering, Inc., Fair Isaac Corporation (FICO), and KNIME AG
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By Deployment Type
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