Global analytics market to grow at CAGR of 22%

America to continue dominating the market till 2020.

Analytics market to grow at a CAGR of more than 22% during 2016-2020, according to their latest report by Technavio.

 

America dominated the market in 2015 and accounted for a market share of 46.33% and is projected to grow at a CAGR of 20.45% during the forecast period. The market is growing in terms of revenue, with the increasing demand for advanced analytics among enterprises to analyze data and identify the trends in various industries.

 

Increase in adoption of big data, need to prevent fraudulent activities, need to develop competitive strategies and increased ROI with faster time to market are contributing to the growth of the global advanced analytics market, as per the report.


Add new comment