Market Analysis
Market
Research Future (MRFR) projects the global dark analytics market size to hit
USD 880.50 Million at a compound annual growth rate (CAGR) of 25.08% from 2020
to 2027 (forecast period).
Growing
Adoption of IoT Across Industry Verticals
Dark
analytics is the analysis of information assets gathered, processed, and stored
by an organization as part of its regular business operations. Technological
advancements such as computer vision, pattern recognition, and cognitive
analytics enable firms to focus on unstructured information for accurate
decision making and an improved user experience.
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The
growing adoption of IoT across many industry verticals is propelling the Dark
Analytics Market forward. According to an analysis, there will be
around 500 billion devices in the connected ecosystem by the end of 2030. As
this IoT ecosystem grows, so will the volume of data collected, the majority of
which will be dark data comprised of structured and unstructured data. Dark
analytics solutions are capable of analyzing such vast amounts of unstructured
and untapped data and assisting enterprises in gaining actionable business
insights for better decision making. Furthermore, the increasing use of modern
technologies such as artificial intelligence and machine learning to analyze
data is prompting enterprises to use dark data solutions in order to boost
their ROI.
Market
Segmentation
The
global dark analytics industry has been broadly segmented on the basis of
component, deployment, application, and industry vertical.
By
component, the global dark analytics market has been segmented into solutions
and services.
By
deployment, the global dark analytics market has been segmented into on-cloud
and on-premise.
By
application, the global dark analytics market has been segmented into
operations, finance, human resource, and marketing.
By
industry vertical, the global dark analytics market has been segmented into IT
and telecommunication, BFSI, retail and e-commerce, government, healthcare,
media and entertainment, and others.
Regional
Analysis
North
America to Dominate the Global Market
During
the projected period, North America is expected to dominate the dark analytics
market. The region is known for being a technological innovator and early
adoption of technology. Organizations throughout the region are quickly
implementing dark analytics solutions to evaluate the massive amounts of data
generated by advanced technologies such as IoT and big data. The region is also
a center for the major providers of dark analytics solutions, who are
extensively spending in research and development to add new features to their
systems and enhance their capabilities. The region has been divided into three
countries: the United States, Canada, and Mexico.
Europe
to Follow North America
In
terms of market share, Europe follows North America in the worldwide dark
analytics market. As the European government focuses on data security
compliance and legal challenges, the region's adoption of dark analytics
solutions is increasing.
Key
Players
The
prominent players active in the global dark analytics market are Amazon Web
Services, Inc. (US), Symantec Corporation (US), Microsoft Corporation (US), SAP
SE (Germany), IBM Corporation (US), Teradata (US), Datameer, Inc. (US), Micro
Focus (UK), SAS Institute Inc. (US), and Dell Inc. (US).
Other
players include Zoho Corporation (US), AvePoint, Inc. (US), Commvault (US),
TIBCO Software Inc. (US), Zoomdata (US), Veritas (US), Deloitte (US),
Synerscope (The Netherlands), and Datumize (Spain) among others.
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https://www.marketresearchfuture.com/reports/dark-analytics-market-7998
Dark Analytics Market Research Report:
Information by Technology (Hall Effect, Magneto Resistive, Variable
Reluctance), By Application (Automotive, Industrial, Aerospace & Defense,
Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle
East & Africa, and South America)—Forecast till 2030
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