What is Data Analysis Software Market?
Data Analysis Software tool which has the statistical and analytical capability of inspecting, cleaning, transforming, and modelling data. It focuses on deriving important information for decision-making purposes. It helps businesses to analyse vast stores of data for great competitive advantage. These tools allow data insights ranging from predictive analytics, business intelligence and structured and unstructured data. In other words, it is used to uncover relationships within existing data. It comes with various features such as data discovery, natural language search, predictive analysis, and others.
The market study is being classified and major geographies with country level break-up.
TIBCO Software (United States), Analyse-it Software (United Kingdom), SAS Institute (United States), Knime (Switzerland), MaxStat Software (Germany), Qlik (United States), SAP (United States), IBM (United States), Statwing (United States) and Minitab (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lumina Decision Systems (United States) and Microsoft (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Analysis Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Data Analysis Software market by Type, Application and Region.
On the basis of geography, the market of Data Analysis Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Focus Towards Data Mining
- Rising Complexity and Volume of Data
- Introduction of Technology in Data Analysis
- High Costs Associated with the Software Instalment
- Increased Adoption of Data Analysis Tools in Large Enterprises and Various Industry Verticals
- Lack of Skilled Labours to Operates Data Analysis Tools
On June 2019, Minitab, LLC has announced the launch of Minitab 19 Statistical Software, a better, faster and easier solution for executives, professionals, educators and students.
Key Target AudienceGovernment associations, Research organisations, Software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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