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Data Analytics Market Size 2018 | Global Analytical Overview, Sales Revenue, Top Key Players & Current Industry Status till 2023

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Market Research Future published a half cooked research report on “Global Data Analytics Market” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023

Pune, India – July 11, 2018 /MarketersMedia/

Market Highlights:

Data Analytics is a technique which examines various data sets, in order to obtain conclusions from the information they contain with the help of specialized software tools and systems. Data Analytics includes methodologies such as exploratory data analysis (EDA) and confirmatory data analysis (CDA). EDA helps in finding the data patterns while CDA with the help of statistical techniques, helps in determining whether hypothesis for the data set is true or false. Data Analytics takes the help of techniques such as data mining, predictive analysis, machine learning and others over the high volume equipment data which contains structured or unstructured or semi-structured data and churn out useful information from it. Data Analytics is used in financial sectors in back and credit card companies for preventing fraud by analysing the withdrawal and spending patterns of customer. Also in Telecom & IT, data analytics is used to review the customer data to forecast if the customer churn so that they can take steps to retain their customer base by improving the customer relationship management or take decisions to reduce the churn.

Data Analytics is driven by the data based decision making where the information obtained is supported by facts and figures. Also, emerging techniques such as data fusion, internet of things, big data analytics is expected to fuel the growth of Data Analytics market in the coming future. The challenges that lie with Data Analytics are managing high data volume and risk related to data security and privacy, as the data that undergoes various analysis techniques, thus making the data highly vulnerable to risks.

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Major Key Players

IBM (U.S),
Alteryx (U.S.)
BigPanda (U.S.)
SAS Institute (U.S.),
Dell (U.S.),
Microsoft Corporation (U.S.),
Amazon Web Services (U.S.),
Cogito Corporation (U.S.),
Datameer (U.S.), Looker (U.S.) among others.

According to MRFR, The global Data Analytics Market is set to expand at 30.08% CAGR during the forecast period and expected to Surpass USD 77 Bn Mark By 2023

Industry News

2 July 2018, Data Analytics Creating New Opportunities for Local Authorities

Steve Shirley, Vice President of Public Sector at MasterCard, help the local authorities to gain insights of data analytics which can benefit them in decision making based on facts and information.

15 May 2018, Looker Simplifies and Accelerates workflows related to Data Science.

Looker Data Sciences, Inc., a leading data platform company, announced tools and integrations which optimize the Data Science workflows, which automates the big data analytics workflows and improves machine learning efficiencies.

10 April 2018, SBI partners with Dimension Data to fulfill its Data Analytics Market.

State Bank of India, an Indian multinational, public sector banking and financial services company enters into partnership with Dimension Data Company, for setting up digital branches named as sbiINTOUCH across the country. The use of data analytics digital branches is to enable investment advice, instant loan approvals and empowering digitization.

Regional Analysis

The regional analysis of Data Analytics market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is a leading player in the market of Data Analytics due to early adoption of technologies such as big data analytics, internet of things, and others which help in predictive analysis. Also, majority key players providing the data analytics solution are from the same region who are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio. With rapid advancements in digitization and information technology in countries such as China, India and Japan; the Asia Pacific region is expected to grow at highest CAGR in Data Analytics market.

Segmentation

Segmentation by Type: Predictive Analytics, Prescriptive Analytics, Descriptive Analytics and Customer Analytics.
Segmentation by Solution: Data Management, Fraud & Security Intelligence, Data Mining, Data Visualization and Data Monitoring.
Segmentation by Application: Enterprise Resource Planning, Supply Chain Management, Human Resource Management, Database Management, and others.
Segmentation by Deployment: Cloud and On-Premise
Segmentation by Organization Size: Small & Medium Enterprises (SMEs) and Large Enterprises.
Segmentation by Industry: BFSI, IT & Telecom, Manufacturing, Retail & Ecommerce, Energy & Power, Healthcare, Transport & Logistics, Media & Entertainment, and Others.
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the world.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/data-analytics-market-1689

Intended Audience

Data Analytics Companies
Analytics Service Providers
Software Developer Companies
Service Providers
Manufacturing Companies
Big Data Analytics Service Providers

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/data-analytics-market-size-2018-global-analytical-overview-sales-revenue-top-key-players-current-industry-status-till-2023/375777

For more information, please visit https://www.marketresearchfuture.com/reports/data-analytics-market-1689

Source: MarketersMedia

Release ID: 375777

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