From Globe Newswire: 2025-02-27 10:00:00

The Data Analytics Market was valued at USD 52.68 Billion in 2023 and is forecasted to reach USD 483.41 Billion by 2032, with a CAGR of 28.0% from 2024-2032. Major players include ThoughtSpot, Sisense, Mu Sigma, Zoho, Salesforce, SAP, IBM, Google, Oracle, Amazon, and Microsoft. North America leads in adoption, while Asia Pacific shows the fastest growth.

Key growth factors driving the data analytics market include AI and ML adoption in various industries, cloud computing for real-time processing, big data analytics for insights, and increased focus on data security and compliance. The IT & Telecom sector leads adoption, with healthcare poised for rapid growth due to predictive modeling and personalized treatment advancements.

Predictive Analytics holds a dominant market share, while Customer Analytics is expected to witness the fastest growth rate. Companies like Salesforce and Adobe are driving growth in customer analytics through AI-powered platforms. Data Analytics Market is segmented by type, solution, application, and industry, with security intelligence dominating the market and data mining showing rapid growth. Supply Chain Management is the leading application, while North America dominates the market with Asia Pacific showing the fastest growth. The Asia-Pacific market experiences rapid growth due to increased e-commerce, fintech, and IoT adoption. ThoughtSpot introduces Analyst Studio, an AI-driven data tool for simplified analytics. The Data Analytics Market Analysis Report 2024-2032 covers key points, market dynamics, and regional analysis. SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking.



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