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Statistical Analytics Market Report Technology, Demand, Future Growth, Applications, Types, Analysis

Author: Pranali Ubella
by Pranali Ubella
Posted: May 24, 2021
statistical analytic

Market Scenario:

Market Research Future (MRFR), in its latest report on the global Statistical Analytics Market 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.

The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Statistical Analytics Market Report fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Statistical Analytics Market Report to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Statistical Analytics Market Report is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.

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Competitive Outlook:

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.

Segmentation:

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.

Regional Analysis:

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.

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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

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued….

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About the Author

At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr).

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Author: Pranali Ubella

Pranali Ubella

Member since: May 18, 2021
Published articles: 10

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