The increased trend of predictive analytics has been a major factor in driving the growth of the advanced analytics market. Industry, like the banking and financial services, is expected to hold the largest share of the advanced analytics market as a result of the increased demand to reduce fraud, handle risks and optimize processes. North America (USA and Canada) dominates the advanced analytics market due to the developing technological advancements and growing adoption of AI. According to Market Research Future, the global advanced analytics market is expected to grow at a CAGR of approximately 15% during the forecast period 2017-2023.
- 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