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May 2018
Advanced Analytics
Sectorwatch
The market for advanced analytics is forecasted to be worth $29.53 billion in 2019, according to MarketsandMarkets. The use of advanced analytics has proliferated because companies seek to have an edge over competitors and to be able to forecast future trends in an efficient way which would assist in making better and optimized decisions moving ahead.
Industry Trends:
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation
