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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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SOURCE Technavio

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Wistron Celebrates Grand Opening of First U.S. Smart Factory Marking Milestone in Global Smart Manufacturing Strategy

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FORT WORTH, Texas, July 21, 2026 /PRNewswire/ — Wistron Corporation (“Wistron”) celebrated the grand opening of its D1 AI smart facility in Fort Worth, Texas, the site where the first NVIDIA GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States. The US$ 700 million facility, spanning approximately 324,000 square foot, was officially unveiled during a ceremony led by Wistron Chairman Simon Lin and NVIDIA Founder and CEO Jensen Huang. Jessica Rogers, Director of the Economic Development Department for the City of Fort Worth, and Alexander Tah-ray Yui, Taiwan’s Representative to the United States, were among the government officials and business leaders who attended, marking a milestone in the expansion of Wistron’s global footprint and advanced manufacturing capabilities.

This is a key hub in Wistron’s global AI infrastructure manufacturing network. The facility runs on NVIDIA accelerated computing and integrates NVIDIA’s Nemotron and Cosmos open frontier models and Omniverse and Metropolis libraries, using digital twin technology to optimize factory design, production workflows, and operational efficiency. It is Wistron’s first U.S.-based manufacturing facility, established to serve customers locally and produce NVIDIA’s most advanced and cutting-edge products. Wistron Chairman Simon Lin said “The operation here is not typical manufacturing. It is new, very comprehensive, and high-tech. Right now we produce the NVIDIA GB300 Grace Blackwell Ultra Superchip, and beyond, we are also going to produce the NVIDIA Vera Rubin Superchip here. In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States. I think this is the reason we say that there will be the next chapter, and we are going to empower AI from Texas.”

Responding to Customer Needs: Texas, the Newest Global Manufacturing Hub
At this pivotal moment for global AI infrastructure, Wistron is drawing on decades of global manufacturing experience to expand its footprint in Texas, a state with a well-established ecosystem for logistics, talent recruitment, and advanced manufacturing. The new D1 facility produces the NVIDIA GB300 Grace Blackwell Ultra Superchip and soon, the NVIDIA Vera Rubin Superchip — critical to powering the next generation of AI computing. The new Fort Worth facility strengthens a critical upstream layer of the AI infrastructure supply chain by expanding domestic capacity to assemble and test NVIDIA AI systems. These servers can be integrated into NVIDIA DSX infrastructure, with DSX providing the common architecture and technologies needed to deploy and operate energy-efficient AI factories at scale.

One-Stop Operational Ecosystem Strengthens U.S. AI Supply Chain Resilience
Behind every breakthrough in AI computing lies the manufacturing capability to scale it. Wistron is expanding its AI server production capabilities from Taiwan to the United States, guided by a vision of precision, efficiency, and sustainability. This reflects a broader industry shift: AI leadership is determined not only by technological breakthroughs, but also by the operational capability to transform innovation into high-volume production with consistent quality, supply chain resilience, and predictable delivery. By establishing AI infrastructure manufacturing capacity in the United States, Wistron is building a one-stop operational ecosystem spanning manufacturing and after-sales service — shortening delivery timelines and customer support cycles, strengthening supply chain resilience, and laying the foundation for long-term competitive advantage as AI infrastructure continues to scale.

Partnering with NVIDIA to Pioneer a New Model for Smart Manufacturing and Energy Optimization
As the era of physical AI begins, Wistron is extending its smart manufacturing capabilities to the United States, creating a new model for AI infrastructure production built on digital manufacturing, energy optimization, and local operations. Jensen Huang said: “The largest infrastructure buildout in history is underway. Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere. Together, NVIDIA and Wistron are restoring US advanced manufacturing capacity in Texas, creating skilled jobs and strengthening America’s AI supply chain.” As demand for advanced manufacturing grows in Texas, smarter planning of production loads and energy use will give the plant greater control and flexibility over its electricity needs.

Turning Global Experience into Scalable AI Infrastructure
Simon Lin stressed that the speed the AI era demands comes with its own responsibility. “In the AI era, the pressure of speed is also a form of responsibility,” Lin said. “We don’t just need to build fast; we need to build right.”

The Fort Worth plant will serve as the core engine of Wistron’s U.S. manufacturing operations, the company said, connecting its global production network with ecosystem partners as it scales advanced AI manufacturing. Wistron said that the investment reflects efforts to deepen its technical capabilities, strengthen the resilience and efficiency of global supply chains, and support the next phase of AI infrastructure development.

About Wistron:
Wistron Corporation is a leading global technology service provider delivering advanced ICT products, AI infrastructure, and manufacturing solutions to technology brands worldwide. With more than 63,000 employees across North America, Europe, and Asia, Wistron continues to expand its AI, cloud, and advanced manufacturing capabilities to support the next generation of intelligent computing. For more information about Wistron, please visit the official website at www.wistron.com. Additional information about the event is available on the event website.

Media Contact:
Joyce WL Chou
joyce_wl_chou@wistron.com

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SOURCE Wistron Corporation

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NSG Bio Accelerates Breakthrough Biotech Innovation in Singapore

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New initiative under NSG Bio Tomorrow will support promising startups developing next-generation approaches in respiratory and neonatal care

SINGAPORE, July 22, 2026 /PRNewswire/ — The NSG Bio Tomorrow initiative aims at supporting emerging life sciences startups working on complex challenges in respiratory and neonatal care.

Launched through the support of Chiesi Group, The Impulse initiative will provide a selected startup with one year of NSG Bio membership and access to a dedicated laboratory bench at NSG Bio Singapore. The initiative is designed to help early-stage biotech companies move from promising science toward stronger proof-of-concept work in a fully equipped research environment.

The initiative comes at a time when the biotech industry is increasingly looking for faster, more connected ways to move high-potential science from the lab toward real-world patient impact. For startups, access to infrastructure is only one part of the challenge. Equally important are the right networks, industry visibility, technical environment, and opportunities to engage with partners who understand the path from early discovery to clinical relevance.

The programme will focus on startups developing innovative biotechnological solutions with potential relevance to chronic respiratory diseases and neonatal conditions. Areas of interest include cell therapies, gene therapies, gene-editing technologies, regenerative tissue engineering, engineered or programmable living systems, lung-targeted delivery platforms, preventive approaches, and small-molecule-based approaches.

The selected startup will gain access to NSG Bio’s laboratory infrastructure, shared workspaces, meeting facilities, and wider community of biotech entrepreneurs, researchers, scientific leaders, and industry partners. The support is intended to help the company advance key research milestones while becoming part of Singapore’s growing life-science innovation ecosystem.

For NSG Bio, the initiative is part of NSG Bio Tomorrow, its ecosystem-building arm created to expand the company’s role beyond facilities and real estate. While NSG Bio is known for providing high-quality laboratory and office infrastructure for biotech companies, NSG Bio Tomorrow focuses on building the programmes, partnerships, and opportunities that help startups grow.

“Biotech companies need more than lab space. They need access, momentum, and the right ecosystem around them,” said Hasyim Sim, Co-Founder and Chief Operating Officer, NSG Bio. “Through NSG Bio Tomorrow, we are building initiatives that help promising startups connect with partners, unlock opportunities, and move their science forward. This initiative reflects exactly the kind of role we want to play in the biotech ecosystem.”

“Chiesi is committed to supporting innovation that can make a meaningful difference for patients, and we work with entrepreneurs, researchers and partners to advance meaningful ideas,” said Fabrizio Conicella, Vice President, Center of Open Innovation & Competence at Chiesi Group. “By supporting this NSG Bio Tomorrow initiative, we want to create an opportunity for early-stage innovators to access the infrastructure and ecosystem support needed to develop impactful science in respiratory and neonatal care.”

NSG Bio Tomorrow programme also reinforces Singapore’s position as a growing hub for biotech innovation in Asia, where startups, research institutions, investors, and industry partners are increasingly coming together to support the next generation of healthcare companies.

Applications open on 22 July 2026 at 09:00 a.m. SGT. Finalists will be invited to present at a virtual pitch event, after which the selected startup will be announced.

About NSG Bio

NSG Bio is Singapore’s leading provider of BSL-2 certified co-working laboratory and office spaces, supporting life-science companies from early research through growth. Through its facilities, community, and ecosystem initiatives, NSG Bio enables biotech innovators to accelerate research, access networks, and build companies that address critical healthcare challenges.

About NSG Bio Tomorrow

NSG Bio Tomorrow is NSG Bio’s ecosystem-building arm, created to support the next generation of biotech innovation through partnerships, programmes, community initiatives, and opportunities that extend beyond physical laboratory infrastructure. Its mission is to strengthen the biotech industry by connecting startups with the resources, expertise, and networks they need to thrive.

About Chiesi Group 

Chiesi is a research-oriented international biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company’s mission is to improve people’s quality of life and act responsibly towards both the community and the environment. As a certified B Corp since 2019, Chiesi is part of a global community of businesses that meet high standards of social and environmental impact. 

With 90 years of experience, Chiesi is headquartered in Parma (Italy), with 31 affiliates worldwide, and counts more than 7,900 employees. The Group’s research and development centre in Parma works alongside 6 other important R&D hubs in France, the US, Canada, China, the UK, and Sweden. For further information please visit https://www.chiesi.com/en/home 

Media Contact
Giridharan
Laboratory Manager
NSG Bio
giridharan@nsgbio.com
87797175

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SOURCE NSG Bio

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House Judiciary Committee Passes Bill that Would Prevent Future Immigration Crises: Swift Action Needed by Full House, Says FAIR

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WASHINGTON, July 21, 2026 /PRNewswire/ — Today, the House Judiciary Committee passed an updated version of H.R. 2, the landmark border security bill from last congressional session. The bill now awaits consideration by the full House of Representatives. The Federation for American Immigration Reform (FAIR) urges Speaker Mike Johnson to schedule a final floor vote as soon as possible.

The Secure Border Act systematically closes the loopholes that allowed the Biden administration to unleash the largest and most damaging wave of illegal immigration in American history. Enactment of this legislation would prevent future anti-borders administrations from shirking their responsibilities to secure our borders and enforce our immigration laws; asserting unlimited discretion to parole inadmissible aliens to enter the country; or releasing millions of illegal aliens into the country, rather than detaining them or returning them to the country from which they entered.

“We congratulate the Judiciary Committee for its swift action on this critical legislation,” said Dale Wilcox, executive director and general counsel of FAIR. “Ending border chaos and rampant illegal immigration was a key reason that Republicans regained control of the White House and both chambers of Congress in the last election. The clock is ticking on the 119th Congress, and Republicans only have a short time to deliver on the promises they made to voters in 2024, before the midterms.

“Right now, our immigration laws are being enforced in the interests of the American people. As the last administration demonstrated, enforcement of those laws is not guaranteed unless Congress acts to prevent similar abuse in the future. Now is the time for decisive action in the House, where this bill can be passed with a simple majority vote, and an opportunity for Senate Majority Leader John Thune to put every member of that body on record before voters go to the polls in the fall,” Wilcox concluded.

Hayley Hill, hhill@fairus.org 202-328-7004

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SOURCE Federation for American Immigration Reform (FAIR)

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