Market Research Future (MRFR), in its latest report on the Statistical Analytics Industry Report 2020, releases the current and long-term influence of SARS-CoV-2 pandemic on the market through the review period. As per MRFR study, the expansion of the global statistical analytics market can be at 15% CAGR across the assessment period. The high need to meet improved consumer satisfaction is boosting the demand for statistical analytics solutions across multiple sectors, such as foods and beverages, BFSI, healthcare, IT & telecommunications, retail, and manufacturing, among others.
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Statacorp (U.S.), SAS Institute (U.S.), Tibco Software Inc. (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Plug & Score (U.S.), International Business Machine (U.S.), Qlik Software (U.S.), Alteryx (U.S.), and Lumina Decision Systems (U.S.) are some reputed players in the worldwide statistical analytics market.
The segment study of the statistical analytics market is based on organization size, component, deployment, and vertical.
The component-based segments of the statistical analytics market are solution and service. The solution segments are forecasting & econometric, data mining, visual analytics, predictive analysis, and statistical analytics. The service segments area professional, and support & maintenance service. The increase in the rate of deployment of statistical analytics solutions across major enterprises can promote the expansion of the market across the assessment period. The high utility of predictive analysis to boost operation performance is expected to impel the expansion of the market across the analysis period.
The deployment based statistical analytics market segments are cloud and on-premises. The increase in the demand for cloud solutions for statistical analytics can impel the expansion of the market soon.
The organization size-based segments of the statistical analytics market are small & medium sized enterprises and large-scale enterprises. The large-scale adoption of statistical analytics solutions and services by SMEs to deliver high quality solutions can impel the expansion of the market across the review period.
The vertical based segments of the statistical analytics market are IT & telecommunication, government & defence, transportation & logistics, healthcare, BFSI, retail, travel & hospitality, manufacturing, and media & entertainment. Healthcare and retail are high consumers of statistical analytics, which can promote the expansion of the market across the review period.
The statistical analytics market in North America can rise at a considerably high pace due to rise in the need for effective analytics solution in top notch enterprises. The increase in the need for statistical analytics in the booming automobile sector is attributed to the expansion of the regional market. Additional factors, such as highly effective network infrastructure, rapid implementation of higher technology, and digitization can prompt the expansion of the statistics analysis market in North America. In Europe, the expansion of the product portfolio driven by advanced technology and hefty investment made in them are likely to propel the rise of the regional market through the assessment period. In rising economies of EU, the statistical analytics market can rise at a decent pace. In Asia Pacific, the fast-growing e-commerce sector and increase in the need for effective supply chain solutions can propel the rise of the market through the study period.
The global Statistical Analytics Industry Report Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Statistical Analytics Industry Report Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Statistical Analytics Industry Report Market Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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