The statistical analysis software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Statistical Analysis Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The statistical analysis software market size has grown rapidly in recent years. It will grow from $8.45 billion in 2023 to $9.32 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increased volume and complexity of data, rise in data-driven decision-making, regulatory compliance requirements, the growth of business intelligence, and increased focus on predictive analytics.
The statistical analysis software market size is expected to see rapid growth in the next few years. It will grow to $14.00 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to the emergence of industry-specific solutions, shift towards cloud-based solutions, focus on real-time analytics, integration with artificial intelligence (AI) and machine learning (ML), and demand for self-service analytics. Major trends in the forecast period include AI-powered features, advanced anomaly detection, natural language processing (NLP) integration, innovation, and cloud-based AI services
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Scope Of Statistical Analysis Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Statistical Analysis Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the statistical analysis software market are developing innovative solutions, such as Minitab Statistical Software, to sustain their position in the market. Minitab statistical software is a powerful statistical software package that provides a wide range of statistical tests and analyses, such as t-tests, ANOVA, regression, and more. For instance, in November 2021, Minitab LLC, a US-based company that distributes statistical analysis programs, launched the latest version of Minitab Statistical Software, a tool with enhanced visualizations, expanded capabilities for the Graph Builder, and strengthened predictive analytics with the inclusion of Cox regression and automated machine learning. Users can use automated machine learning (AutoML) at all levels of data analysis experience and can harness the power of machine learning to optimize their analysis effortlessly. This innovation aims to democratize data science, empowering professionals to make better decisions, drive revenue growth, and reduce costs. Minitab statistical software ensures maximum accuracy and transparency in predictive analytics.
The statistical analysis software market covered in this report is segmented –
1) By Component: Software, Services
2) By Products: Cloud-Based, On-Premises
3) By Functionality: Descriptive, Predictive, Prescriptive
4) By Industry Vertical: Healthcare, Finance, Education, Manufacturing, Retail, Government, IT And Telecom
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Regional Insights –
North America was the largest region in the statistical analysis software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the statistical analysis software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the statistical analysis software market are Microsoft Corp, International Business Machines Corporation, Oracle Corporation, S&P Global, Pearson Education Inc, SAS Institute, Tableau Software LLC, MathWorks, Alteryx Inc., MicroStrategy Incorporated, TIBCO Software Inc., Dataiku Ltd, Domo Inc., JMP Statistical Discovery LLC, Minitab, LLC, Free Software Foundation, Inc., StataCorp LLC, Wolfram, OriginLab Corporation, DataClarity Corporation, Statwing Inc., Lumivero Pty. Ltd, AcaStat Software, StatGraphics Technologies, GraphPad Software Inc.
Table of Contents
1. Executive Summary
2. Statistical Analysis Software Market Characteristics
3. Statistical Analysis Software Market Trends And Strategies
4. Statistical Analysis Software Market – Macro Economic Scenario
5. Global Statistical Analysis Software Market Size and Growth
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32. Global Statistical Analysis Software Market Competitive Benchmarking
33. Global Statistical Analysis Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Statistical Analysis Software Market
35. Statistical Analysis Software Market Future Outlook and Potential Analysis
36. Appendix
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