Adoption of artificial intelligence and machine learning for dark data analysis is propelling the market growth.
Dark Analytics Market Size – USD 421.8 Million in 2019, Market Growth – CAGR of 24.9%, Market Trends – Advent of digitization has increased e-commerce sales.
The Global Dark Analytics market is forecasted to reach USD 2,269.9 Million by 2028, according to a new report by Reports and Data. Data Analytics refers to the use of dark data to analyze and provide insights about customers, markets, and organizations. Dark data refers to the unused digital information. Employees, consumers, and businesses provide various information using sources like social media, IoT, financial transactions, and so on. From the data, relevant information is stored and used by interested users. But a section of unused data; the left behind is referred to as ‘dark’ data. By using machine learning and artificial intelligence, the largely unusable data can be structured and put that in order to make it more usable. The market for dark analytics is influenced by the increasing adoption of dark analytics in the healthcare sector.
The factors mentioned above collectively create opportunities for market growth, while factors such as non-uniformity of data and lack of skilled personnel in the market pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the information and communications technology market owing to innovative efforts have enhanced the efficiency of the dark analytics market.
The Asia Pacific is a key region for the dark analytics market, and it is projected to grow at the highest rate during the forecast period owing to the increasing number of market players opting for analytical solutions and number of small and medium-sized enterprises implementing data analytics in the region.
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Key participants include Microsoft, AvePoint, Teradata, Symantec, Datameer, IBM, SAP SE, Amazon Web Services, Micro Focus, and Dell EMC, among others.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/dark-analytics-market
For the purpose of this report, Reports and Data have segmented into the global Dark Analytics market on the basis of component, deployment type, business application, end-use industry, and region:
Component Outlook (Revenue, USD Billion; 2020-2028)
Deployment Type Outlook (Revenue, USD Billion; 2020-2028)
Business Applications Outlook (Revenue, USD Billion; 2020-2028)
End-Use Industry Outlook (Revenue, USD Billion; 2020-2028)
Regional Outlook (Revenue, USD Billion; 2020-2028)
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Market Report includes major TOC points:
Conclusively, all aspects of the Dark Analytics market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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