Global Statistical Analytics 2017 Market Size, Status and Forecast to 2023

Statistical Analytics Market 2017

Summary:

Statistical Analytics Market, By Components (Solution, Service), By Solution (Data Mining, Predictive Analytics, Visual Analytics), By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise) – Global Forecast 2023 

 Key Players:

The prominent players in the Statistical Analytics market include -

• SAP SE (Germany)
• SAS Institute (U.S.)
• Oracle Corporation (U.S.)
• International Business Machine (U.S.)
• Tibco Software Inc. (U.S.)
• Qlik Software (U.S.)
• Alteryx (U.S.)
• Statacorp (U.S.)
• Plug & Score (U.S.)
• Lumina Decision Systems (U.S.)

The statistical analytics market is expected to grow at approximately USD 12 Billion by 2023, at 15% of CAGR between 2017 and 2023.

Market Synopsis of Statistical Analytics Market:

Market Scenario:

SPSS statistical analytics software developed by IBM Corporation, is one of the prominent statistical tools that help users find new relationships in the data and predict what will likely happen next. SAS Institute developed a software called SAS Business Intelligence it allow users to create and share interactive reports. And monitor key metrics so when something goes wrong, the users will come to know about it. Tibco Software Company developed an excellent statistical tool known as Spotfire Statistical Services that facilitate users with decision making ability to anticipate and solve business challenges by applying advanced statistical models without requiring them to understand the complexities of statistics.

North America region account for highest market share in statistical analytics market owing to presence of major players in the region and adoption of statistical analytics solution by small and big enterprises. Countries such as US and Canada contributes large amount of revenue in the statistical analytics market in the region. Asia‐Pacific region is expected to be growing at the highest CAGR.Enterprises in the region are investing huge in statistical analytical tools to improve business efficiency and productivity and growing e-commerce company in the region is boosting the market in the region.

The key drivers of statistical analytics market includes rising competition between businesses and growing demand for improved customer satisfaction is fueling the statistical analytics market growth.  According to the study, by vertical segment BFSI sector is expected to account for highest market share in statistical analytics market. By organization size segment, small and medium enterprises accounts for largest market share. Increasing competition creates opportunity for businesses to collect efficient data of customers buying characteristic is one of the prime factor boosting statistical analytics market.

The statistical analytics market is segmented on the basis of vertical, service, deployment, organization and size. Social media analytical tools enable organization to gain competitive advantage ,as it provides better understanding of the business, enhance companies product and business, provide deep insight of customer buying behavior and facilitates market innovation.

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Segments:Statistical Analytics Market By Components:

Solution

• Data Mining
• Predictive Analytics
• Visual Analytics
• Forecasting & Econometrics
• Statistical Analytics
• Others

Service:

• Professional Service
• Support And Maintenance Services

Customer analytics Market by Deployment:

• Cloud
• On-Premise

Customer analytics Market by Organization Size:

• Small & Medium Enterprises
• Large Enterprises

Customer analytic Market by Vertical:

• Government & Defense
• BFSI
• IT & Telecommunication
• Healthcare
• Retail
• Manufacturing
• Travel & Hospitality
• Transportation & Logistics
• Media & Entertainment
• Others   

Intended Audience

• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers

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Table of Contents

         

1    MARKET INTRODUCTION

      1.1    INTRODUCTION  

      1.2    SCOPE OF STUDY

            1.2.1    RESEARCH OBJECTIVE

            1.2.2    ASSUMPTIONS

            1.2.3    LIMITATIONS

      1.3    MARKET STRUCTURE

….

7    COMPETITIVE ANALYSIS

      7.1    MARKET SHARE ANALYSIS

      7.2    COMPANY PROFILES
            7.2.1    SAP SE (GERMANY)

            7.2.2    SAS INSTITUTE (U.S.)

            7.2.3    ORACLE CORPORATION (U.S.)

            7.2.4    INTERNATIONAL BUSINESS MACHINE (U.S.)

            7.2.5    QLIK SOFTWARE (U.S.)

            7.2.6    ALTERYX (U.S.)

            7.2.7    STATACORP (U.S.)

            7.2.8    PLUG & SCORE (U.S.)

            7.2.9    TIBCO SOFTWARE INC. (U.S.)

            7.2.10    LUMINA DECISION SYSTEMS (U.S.)

            7.2.11     OTHERS

Continued…….  

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