statistical analysis software market size, statistical analysis software market scope, statistical analysis software market analysis, statistical analysis softwareIndustry, statistical analysis software market growth, statistical analysis software market segments
What are the latest figures on the statistical analysis software market’s size and projected CAGR?
The statistical analysis software market size has grown rapidly in recent years. It will grow from $9.32 billion in 2024 to $10.35 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to increased volume and complexity of data, rise in data-driven decision-making, regulatory compliance requirements, the growth of business intelligence, and increased focus on predictive analytics.
The statistical analysis software market size is expected to see rapid growth in the next few years. It will grow to $15.49 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the emergence ofIndustry-specific solutions, shift towards cloud-based solutions, focus on real-time analytics, integration with artificial intelligence (AI) and machine learning (ML), and demand for self-service analytics. Major trends in the forecast period include AI-powered features, advanced anomaly detection, natural language processing (NLP) integration, innovation, and cloud-based AI services.
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Which Market drivers have played a significant role in driving the statistical analysis software market?
The rapid adoption of cloud computing is expected to propel the growth of the statistical analysis software market going forward. Cloud computing is delivering computing services over the internet, offering resources such as storage, processing power, and software on-demand, without the need for local infrastructure or management. The adoption of cloud computing is due to complete IT infrastructure flexibility, scalability, cost-effectiveness, and enhanced collaboration and accessibility. Statistical analysis software is used in cloud computing environments to leverage cloud platforms’ scalability, flexibility, cost efficiency, and integration capabilities, empowering users to perform advanced analytics, data processing, and modeling tasks with ease and efficiency. For instance, according to data by Flexera, a US-based computer software company, in 2022, 87% of organizations adopted a multi-cloud, of which 72% adopted a hybrid cloud, 13% adopted multiple public clouds, and 2% a multiple private cloud. Furthermore, the cloud spending by small and medium-sized businesses (SMBs) reflects a massive uptake, with 52% of the expenditure being more than $1.2 million in 2022, up from 38% reported in 2021. Therefore, the rapid adoption of cloud computing is driving the growth of the statistical analysis software market.
What are the key segments within the statistical analysis software market?
The statistical analysis software market covered in this report is segmented –
1) By Component: Software, Services
2) By Products: Cloud-Based, On-Premises
3) By Functionality: Descriptive, Predictive, Prescriptive
4) ByIndustry Vertical: Healthcare, Finance, Education, Manufacturing, Retail, Government, IT And Telecom
Subsegments:
1) By Software: On-Premise Software, Cloud-Based Software, Desktop-Based Software, Mobile-Based Software
2) By Services: Consulting Services, Integration And Deployment Services, Training And Support Services, Managed Services
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Which key players are shaping the statistical analysis software market?
Major companies operating in the statistical analysis software market are Microsoft Corp, International Business Machines Corporation, Oracle Corporation, S&P Global, Pearson Education Inc., SAS Institute, Tableau Software LLC, MathWorks, Alteryx Inc., MicroStrategy Incorporated, TIBCO Software Inc., Dataiku Ltd., Domo Inc., JMP Statistical Discovery LLC, Minitab, LLC, Free Software Foundation, Inc., StataCorp LLC, Wolfram, OriginLab Corporation, DataClarity Corporation, Statwing Inc., Lumivero Pty. Ltd., AcaStat Software, StatGraphics Technologies, GraphPad Software Inc.
Which transformative trends will shape the statistical analysis software market landscape?
Major companies operating in the statistical analysis software market are focusing on technologically advanced solutions, such as a new analytical healthcare platform to address several criticalIndustry demands. A new analytical healthcare platform leverages data insights to transform patient care and operational efficiency. For instance, in September 2023, SAS Health, a US-based analytics and data management company, launched a new analytical healthcare platform designed to enhance health data management and improve patient outcomes. This end-to-end solution simplifies the integration of health data, improves data governance, and accelerates insights for healthcare providers, insurers, and public health agencies. The platform utilizes a Common Health Data Model with predefined mappings toIndustry standards, allowing for quick data ingestion in a no-code/low-code format. Powered by the SAS Viya AI platform, it enables users to unlock actionable insights rapidly while ensuring compliance withIndustry regulations. Key functionalities include identifying gaps in clinical staffing and visualizing screening center locations relative to patient populations.
How do regional factors impact the statistical analysis software market, and which region is the largest contributor?
North America was the largest region in the statistical analysis software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the statistical analysis software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Statistical Analysis Software Market Report 2025 Offer?
The statistical analysis software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Statistical analysis software (SAS) refers to computer programs that analyze, manipulate, and visualize data to uncover patterns, trends, and relationships within datasets. These software tools provide a wide range of statistical techniques and methods to help researchers, analysts, and data scientists make sense of complex data and derive meaningful insights.
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