Fast Market Research

Advanced Analytics Market - Global Advancement, Worldwide Market Forecast & Analysis 2014 - 2019 - New Market Report

Recently published research from Markets and Markets, "Advanced Analytics Market - Global Advancement, Worldwide Market Forecast & Analysis 2014 - 2019", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 05/12/2014 -- Advanced Analytics Market by Big Data Analytics, Social Analytics, Visual Analytics, Customer Analytics, Risk Analytics, Business Analytics, Statistical Analysis, Predictive Modeling - Global Advancement, Worldwide Market Forecast & Analysis 2014 - 2019

Advanced analytics is the analysis of all kind of data using sophisticated quantitative methods such as statistics, predictive, and descriptive data mining, visualization and optimization for forecasting and providing insights to the future trends. The use of advanced analytics is on the rise as companies intend to have a competitive edge over its competitors In order to forecast the future trends efficiently. This in turn would help the companies take better decisions. Advanced analytics helps organizations in forecasting and providing insights into the forecast trends. There is a demand for predictive analytics and data mining solutions in the industry. Advanced analytics addresses the pain points faced by the industries and gives specific solutions for all the problems faced by that particular industry.

View Full Report Details and Table of Contents

Advanced analytics market comprises applications by verticals for banking and financial services, telecom and IT, healthcare, government and defense, transportation and logistics, and consumer goods and retail. In 2014, the banking and financial services will account for the highest market share and this would be the same in 2019.

The Y-o-Y growth rates for the banking and financial services will be on the higher side throughout the forecast period. Few high growth markets and its segments include:

- Telecom and IT: Customer profitability and revenue assurance
- Healthcare: predictive modeling, and financial performance and monitoring.
- Government and Defense: Fraud detection and management, and scenario planning
- Consumer Goods and Retail: inventory optimization and price optimization
- Transportation and Logistics: Inventory optimization and supply chain planning

MarketsandMarkets expects that the banking and financial services vertical will account for the largest market share throughout the forecast period. However, there are few revenue pockets, which include the industries of Telecom and IT, healthcare, government and defense, consumer goods and retail and transportation and logistics which will witness significant growth during this forecast period. Majority of the challenges in this market are due to the technical misspecifications that exist. Interoperability is one of the major challenges for the industry.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Software research reports at Fast Market Research

You may also be interested in these related reports:

- Enterprise Content Management Market - Worldwide Forecasts & Analysis (2014 - 2019)
- Railway Management System Market - Worldwide Market Forecasts and Analysis (2014-2019)
- Network Configuration and Change Management (NCCM) Market - Global Advancements, Worldwide Forecasts & Analysis (2014 - 2019)
- Enterprise Collaboration Market - Global Advancements, Worldwide Forecasts & Analysis (2014 - 2019)
- Green Data Center Market - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)
- Wireless Network Security Market - Worldwide Market Forecasts and Analysis (2014-2019)
- Content Delivery Networks (CDN) Market - Trends, Geographical Analysis & Worldwide Market Forecasts (2014 - 2019)
- Cyber Security Market - Global Advancements, Forecasts & Analysis (2014-2019)
- M2M Satellite Communication Market - Worldwide Market Forecast and Analysis (2014 - 2019)
- Passenger Information System Market - Worldwide Market Forecasts and Analysis (2014 - 2019)