The global advanced analytics market is anticipated to grow at a considerable CAGR of 21.8% during the forecast period (2022-2028). The healthcare sector is expected to grow during the forecast period due to increasing utilization and demand for advanced analytics. Healthcare analytics is a critical section of analysis that mostly focuses on contribution insights into costs, hospital management, diagnoses, patient records, and numerous other data. This field comprises every segment of healthcare, providing both micros as well as macro levels of data. The escalation in technological advances in the healthcare field, enhanced treatment plans, surging availability of cost-effective technology, need for better patient care services, and existing procedures will fuel the global advanced analytics market. Furthermore, technology launches, acquisitions, and R&D activities are key strategies adopted by players in the health sector which indirectly fuels the global advanced analytics market. For instance, in December 2021, CVS Health and Microsoft announced a new strategic alliance to reimage personalized care and accelerate digital transformation. It focuses on developing innovative solutions to help consumers improve their health.
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Furthermore, in December 2020, Amazon Web Services (AWS) launched Amazon HealthLake, a HIPAA-eligible service that aims to support interoperability standards and further drive the use of big data analytics in healthcare. Amazon HealthLake aggregates an organization’s complete data across various silos and disparate formats into a centralized AWS data lake and automatically normalizes this information using ML. Resultantly, Amazon HealthLake makes it easier for customers to query, perform analytics, and run ML to evaluate value from the normalized data.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Advanced Analytics Market by Deployment Model
- Cloud
- On-Premises
Global Advanced Analytics Market by Type
- Statistical Analytics
- Text Analytics
- Risk Analytics
- Predictive Analytics
Global Advanced Analytics Market by End-User Industry
- BFSI
- Retail & Consumer Goods
- Healthcare
- IT & Telecommunication
- Transportation & Logistics
- Government & Defense
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Absolutdata Holdings, Inc.
- Adobe Inc.
- Altair Engineering, Inc.
- ALTERYX
- Amazon Web Services, Inc.
- Arria NLG plc
- Domino Data Lab, Inc.
- ai, Inc.
- IBM Corp.
- Kinetica DB Inc.
- KNIME GmbH
- Microsoft Corp.
- Moody’s Analytics, Inc.
- Oracle Corp.
- QlikTech International AB
- RapidMiner, Inc.
- Salesforce
- SAP SE
- SAS Institute
- Teradata Corp.
- TIBCO Software Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global advanced analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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