According to the research report titled ‘COVID-19 Impact on Advanced Analytics Market Size study, by Components (Solutions and Services), by Industry Verticals (BFSI, Government & Defense, Healthcare, Manufacturing, Retail, Media & Entertainment, Telecommunication, Energy & Utilities, Transportation & Logistics, and Others) and Regional Forecasts 2020-2026‘, available with Market Study Report, in spite of COVID-19 impact on advanced analytics market, remuneration is expected multiply during 2020-2026.
 

Widespread digital transformation, high investment in analytics, rising demand for remote services and location data along with active seeking of real-time information to track and arrest COVID-19 spread are primarily driving industry outlook, cites COVID-19 impact on advanced analytics market report. Further, its ability to improve business efficiency and reduce cost is proving to be useful for the companies as advance analytics enables them to access large volume of data and work on data driven goals, hence contributing to the market growth.
 

Moreover, rising adoption of predictive tools in the retail industry to assess behavioral analytics, demand modeling, and trade marketing optimization is positively influencing the market forecasts.
 

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Additionally, popularity of unstructured data generated by streaming sites such as Netflix, Amazon Prime Video, and Hulu, has boosted the demand for database management software in recent years, thereby impelling industry remuneration, claims study of COVID-19 impact on advanced analytics market.
 

Constant advancements in location-based technologies and their integration with Geographical Information System (GIS) to generate accurate geospatial data is nullifying the negative COVID-19 impact on advanced analytics market, as various businesses are using these tools to process the data and come up with robust strategies. Also, flourishing ecommerce sector is beneficial for the industry growth.
 

Based on component type, the report on COVID-19 impact on advanced analytics industry segments the business sphere into solutions, and services. With regards to industry vertical, the market is bifurcated into manufacturing, transportation, telecommunications & IT, energy & utilities, healthcare, banking, financial services, & insurance (BFSI), media & entertainment, retail, government & defense, and others.
 

From a regional point of view, analysis of COVID-19 impact on advanced analytics market in North America reveals modest growth over 2020-2026, mainly due to rising adoption of specialized analytical methods by automakers in the region.
 

Major players influenced by COVID-19 impact on advanced analytics industry landscape include Fair Isaac Corporation (FICO), SAS Institute Inc., Oracle Corporation, Altair Engineering Inc., IBM Corporation, Trianz, KNIME, SAP SE, Microsoft Corporation Inc., and RapidMiner Inc.