Albany, NY -- (SBWIRE) -- 08/11/2016 -- Advanced analytics is the practice that helps in the extraction of information from existing or historical data, which helps in understanding the growth pattern and predicting the trends or future of the organization. Analytics uses what-if scenarios to predict possible risks involved in the future.

Technavios analysts forecast the global advanced analytics market to grow at a CAGR of 22.12% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global advanced analytics market for 2016-2020. To calculate the market size, the report considers the revenue generated from licenses, maintenance, upgradation, and subscription costs of advanced analytics solutions.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Advanced Analytics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
IBM
KNIME
Oracle
RapidMiner
SAP
SAS Institute

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Other prominent vendors
Accretive Technologies
Angoss Software
Dell
FICO
HP
Information Builders
Microsoft
Microstrategy
Megaputer Intelligence
Oracle
Pegasystems
Pitney Bowes
Prognoz
Revolution Analytics
StatSoft
Tableau Software
Teradata
Tibco Software

Market driver
Need to prevent fraudulent activities
For a full, detailed list, view our report

Market challenge
Lack of data connectivity and integration
For a full, detailed list, view our report

Market trend
Rise in adoption of SaaS-based predictive analytics
For a full, detailed list, view our report

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