Statistical Analytics Market is expected to reach a USD 12 Billion by Forecast to 2023

“Statistical Analytics Market”
Statistical Analytics Market, By Components (Solution, Service), By Solution (Data Mining, Predictive Analytics, Visual Analytics) – Forecast 2023

Market Highlights:

In statistical analytics market, digitization and mobility is one of significant factor driving the market. Digitization in statistical analytics technology helps organization by providing seamless platform to handle consumer’s information and increases efficiency and accuracy in business operations. Digital technology supports both upstream and downstream statistical analytics activities.  Statistical analytics solution enable organization by consolidating the statistical interaction data that is gathered through multiple channels and helps organization to recognized evolving trends and patterns is boosting the Statistical analytics market. By vertical segment, BFSI and retail sector acquires highest market share owing to better analysis of statistical behavior offered by statistical analytics tools is benefitting banking and retail business and is further fueling the market growth.

The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enable enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to governance and make enterprise legally prepared.

According to Market Research Future Analysis, statistical analytics market has been valued at approximately USD 12 Billion by the end of forecast period with approx. 15% of CAGR during forecast period 2017 to 2023.

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Major Key Players:

  • 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.)

Statistical Analytics Market Segmentation:

The statistical analytics market has been segmented on the basis of components, deployment, vertical and organization size. The cloud based Statistical analytics solution provides search filters in terms of website traffic, most popular site and measure campaign performance. Cloud solution enable organization by providing drag and drop function and offers roll-based workflow. The study indicates that growing demand of digitally stored data and cloud computing is driving the on-premise deployment service.

Market Research Analysis:

The Statistical Analytics Market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations. According to the study, the statistical analytics market will show rapid growth in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of statistical analytics market and growing e-commerce trends to attract more  Statistical s is driving  Statistical analytics market in the region. Increasing population, and growing IT landscape is boosting the market in the region.

The region is witnessing high adoption of statistical analytics tools by enterprises. Developing countries such as India and China are adopting statistical analytics software at a large scale owing to increasing e-commerce industries, competitive advantage, growing retail sector is boosting the market in the region. By vertical segment, BFSI and retail sector is driving the statistical analytics market. The region is witnessing high growth in statistical analytics market due to growing technological advancement in cloud, analytics and mobile technologies.

Intended Audience:

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

Statistical Analytics Market By Components:


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

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  • Professional Service
  • Support And Maintenance Services

Customer analytics Market by Deployment:

  • Cloud
  • On-Premise

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


List of Tables

Table 1 Statistical Analytics Market, By Solution                                  

Table 2 Statistical Analytics Market, By Service     

Table 3 Statistical Analytics Market, By Deployment


List of Figures

Figure 1 Research Type

Figure 2 Statistical Analytics Market: By Solution (%)

Figure 3 Statistical Analytics Market: By Service (%)


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