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Analytics Market to Grow by USD 286.5 Billion from 2024-2028, with AI Driving Market Transformation Amid Increasing Data Availability and Complexity – Technavio

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global analytics market size is estimated to grow by USD 286.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.06%  during the forecast period. Growing availability and complexity of data is driving market growth, with a trend towards growing advances in nlp, ml, and ai technologies. However, data privacy and security concerns  poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Infor Inc., Informatica Inc., Infosys Ltd., International Business Machines Corp., Open Text Corporation, Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., TIBCO Software Inc., Wipro Ltd., and WNS Holdings Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Analytics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.06%

Market growth 2024-2028

USD 286.5 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.27

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 30%

Key countries

US, China, UK, Germany, and India

Key companies profiled

Accenture Plc, Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Infor Inc., Informatica Inc., Infosys Ltd., International Business Machines Corp., Open Text Corporation, Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., TIBCO Software Inc., Wipro Ltd., and WNS Holdings Ltd.

Market Driver

The analytics market is experiencing significant growth due to advancements in Natural Language Processing (NLP), processing speed, and Machine Learning (ML) models. Artificial Intelligence (AI), a technology in the AI field, is a key driver of this growth. Companies worldwide are investing in AI to develop systems that can interpret data contextually, provide analysis, and trigger activities based on findings. ML and neural network techniques enable machines to think more like humans, reducing human errors, creating precise analytic models, and transforming data-collecting devices into powerful analytic tools. Applications such as natural-language-based search interfaces, automated suggestions, and automated model building are being developed using AI/ML algorithms to help analysts and users find meaningful insights easily. Organizations are utilizing these technologies to enhance operational efficiencies, better understand customer behaviors, and gain a competitive edge. ML is being used for traditional analysis purposes, including fraud and risk analysis, customer behavior analysis, and asset management for preventive maintenance. Analytics solutions from vendors offer these capabilities, ensuring businesses remain relevant and advanced in their industries. 

Businesses are increasingly leveraging data analytics to gain insights and drive corporate growth. Historical trends show a significant shift towards statistical strategy in managing data. Big data analytics is a major trend, with large enterprises leading the way. Social media analytics and text analytics are key business prospects, providing valuable information from advertising campaigns, product promotions, events, and social media platforms. Client demands for real-time data analysis are on the rise, requiring advanced analytical tools and machine learning algorithms. Security is a growing concern, with real-time security, network security, data loss incidents, and cyberattacks becoming common issues. Mobile technology and Internet-connected devices, including mobile networks, Wi-Fi, and the Internet of Things, are generating massive volumes of unstructured data. SaaS-based data analytics, customer analytics, and edge computing are popular solutions for managing this data. Industrial IoT and the retail sector are major areas of focus, with the omnichannel experience a key business opportunity. IT infrastructure, web, and security are critical areas of investment for businesses in today’s data-driven world. Theft and fraud are significant challenges, with the cloud segment offering potential solutions. 

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Market Challenges

The Internet of Things (IoT) revolution has led to an increased interconnectivity and data sharing, posing significant challenges for data privacy and security in organizations. With the growing number of devices connected to the Internet and dependent on private and public networks, securing the transfer of critical data becomes essential. IoT networks consist of multiple devices, increasing the risk of data theft. Cybersecurity concerns have become more prevalent as the physical and virtual worlds converge, leading to potential economic losses from cyber-attacks. From a customer perspective, sharing personal data raises serious concerns. Many consumers are unaware of the extent of data being shared with companies and how third-party vendors use it. In January 2022, a hacker gained unauthorized access to Crypto.com, compromising 483 user wallets and resulting in a loss of approximately USD33.8 million in cryptocurrency. Such incidents highlight the importance of addressing privacy and security issues. Despite regulations tightening around data safety, cybercrimes continue to occur. These factors may hinder the growth of the analytics market during the forecast period.In today’s IT industry, analytics is undergoing an industrial revolution. Automation is a major challenge for businesses as they adopt smart applications in various sectors. In agriculture, GPS-equipped tractors and soil sensors are revolutionizing farming. In industries, smart machines and IoT are transforming production. The predictive analytics segment is a game-changer for client experience management, customer retention, and lead management. Security intelligence is crucial to prevent fraudulent activity. Businesses use business intelligence software for data mining in banking, healthcare, telecom, and more. Supply chain management and enterprise resource planning rely on prescriptive and descriptive analytics. Data management, data monitoring, and database management are essential for data security. Human resource management also benefits from analytics. Digital marketing, including Google Ads, e-commerce, email campaigns, and social media advertising, uses analytics for effective targeting. Overall, analytics is a key driver for growth in various sectors.

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Segment Overview 

This analytics market report extensively covers market segmentation by  

Component 1.1 Services1.2 Software1.3 HardwareEnd-user 2.1 BSFI2.2 Manufacturing2.3 Retail2.4 Healthcare2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Services-  The Analytics Market is a significant business sector that uses data to gain insights and make informed decisions. Companies in various industries rely on analytics to understand customer behavior, optimize operations, and identify new opportunities. The market is driven by the increasing availability of data and the need for businesses to gain a competitive edge. Analytics solutions help organizations improve efficiency, reduce costs, and enhance customer experience. Key players in the market include IBM, Microsoft, Oracle, SAS, and SAP.

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Research Analysis

The analytics market is experiencing significant growth as businesses increasingly rely on data to drive corporate growth and gain a competitive edge. Historical trends indicate a shift towards big data analytics, with companies leveraging statistical strategy to derive insights from vast amounts of data. This includes social media analytics for understanding consumer behavior and text analytics for sentiment analysis. Machine learning and artificial intelligence are key technologies driving this trend, enabling individualized consumer experiences in sectors like online shopping and advertising campaigns. Social networking platforms, Google Ads, email campaigns, and social media advertising are major areas of investment. Business prospects are further enhanced by the integration of analytics into business intelligence software, ERP systems, SCM, HRM, and database management. Data security remains a critical concern, with advanced analytics solutions providing protection against cyber threats.

Market Research Overview

The analytics market is a dynamic and evolving industry focused on extracting valuable insights from data to drive corporate growth and make informed business decisions. Historical trends indicate a significant shift towards big data analytics, particularly in the large enterprise segment. Business prospects are vast, with applications ranging from social media analytics and text analytics for advertising campaigns and product promotions to client demands for personalized consumer experiences in retail and online shopping. The rise of mobile devices and internet-connected devices, including the Internet of Things (IoT), machine learning algorithms, and artificial intelligence, have expanded the scope of data analytics. However, security issues, such as real-time security, network security, data loss incidents, and cyberattacks, remain critical concerns. Industries like retail, banking, and IT are leading the way in adopting advanced analytics tools, including edge computing, SaaS-based data analytics, and business intelligence software. The predictive analytics segment is also gaining traction, offering opportunities for risk-related decisions, fraudulent transaction detection, and customer retention. The future of analytics is bright, with advancements in machine learning, AI, automation, and smart applications set to revolutionize industries, from agriculture and manufacturing to transportation and healthcare. However, addressing security challenges and ensuring data privacy will remain essential to the success of analytics initiatives.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentServicesSoftwareHardwareEnd-userBSFIManufacturingRetailHealthcareOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

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SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

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