According to the research report titled ‘Global Statistics Software Market Size study, by Type (Linux, Windows, Mac OS, Android, IOS), by Application (Scientific Research, Finance, Industrial, Other) and Regional Forecasts 2020-2027’, available with Market Study Report, global statistics software market is expected to amass significant growth during 2020-2027.
 

Extensive digitalization leading to increase in usage of cloud-based storage system is propelling the growth of global statistics software market. According to a survey report by Gartner, 81% of users opt for public cloud.
 

Moreover, consulting firms makes use of statistical software in order to analyze the data and suggest market trend to the customers. Besides, expansion of businesses and need for efficient management in telecommunication, IT services, and automation will impel the market growth in coming years. Also, technological advancements and timely upgrades of software with improved features enhance clients experience, thereby contributing to industry growth.
 

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Notably, statistics software has applications in several industries to analyze various attributes such as trends, customer data, and policies among others. The software accumulates data and processes it into useful information which helps the businesses in effective decision making. It offers real time data of complex conditions and situations to the business managers in order to make their decisions on facts rather than predictions.
 

Inclination among industrialists towards analyzing customer data to frame robust expansion strategies is augmenting the market outlook. However, privacy and security concerns for data storage are major factors hampering the growth of statistics software market over 2020-2027.
 

Based on software type, global statistics software market is segmented into Linux, MacOS, Windows, iOS and Android. With regards to application scope, the industry is segmented into scientific research, industrial, finance, and others.
 

As per regional overview, global statistics software market is segmented into Asia Pacific, Europe, Latin America, North America, and rest of the world. Asia Pacific contributed a major share to the industry in the recent past and is estimated to witness highest growth rate during 2020-2027, owing to rising industrialization along with the preference for statistical decisions over predictions. Also, factors like surging digital traffic along with increasing number of companies will create ample opportunities for the market players in Asia-Pacific region.
 

Key players operating in global statistics software market include International Business Machines Corporation, Qlik, SAS Institute, Microsoft Corporation, SAP SE, Systat Software Inc., Minitab, MathWorks, Oracle Corporation, and StataCorp LLC.