New York, NY, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Dark Analytics Market by Component (Solutions and Services [Consulting & System Integration, Training & Support, and Managed Services]), by Deployment (On-Premises and Cloud), by Application (Marketing, Finance, Operations, and Human Resources) by End-user (BFSI, Government, Healthcare, Retail and E-commerce, Telecommunication and IT, and Other Verticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, global dark analytics market was valued at around USD 193.65 million in 2017 and is expected to reach approximately USD 928.58 million in 2024, growing at a CAGR of 25.10% between 2018 and 2024.
Dark analytics is a segment that refers to the analysis of data which is hidden or buried in different forms such as tables, matrices, spreadsheets, drawing, and much more. These hidden data can be recognized by computer vision and pattern recognition which is of great use to the industries, organizations, or markets to identify their shortcomings along with unlocking new opportunities. In case, these valuable data leaks from an organization can lead to severe risk for that organization. This data contains valuable information about the organization which is still not been evaluated but has been generated and stored in some form. Dark analytics can reveal new hidden opportunities coupled with serious industry pain. This is a disruptive technology which has brought digital revolution by unlocking dark secrets. The technology promises the growth of the organization along with the industry. The market void is anticipated to be filled by the involvement of a large number of companies in the coming future.
Browse through 55 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Dark Analytics Market: By Type, Size, Industry Share, Components, Services, Applications, Trends and Forecast, 2017-2024”.
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Rising trends for artificial intelligence and machine learning coupled with growing rate of data generation have triggered the market pace. Large involvement of SMEs in the market has shown futuristic opportunity to cater the significant market pace. However, regulatory risk along with open-ended exposure of data is expected to hinder the dark analytics market rate.
Dark analytics market is segmented based on component, deployment, applications, verticals, and regions. The component segment is bifurcated into solutions and services. Services sector is sub-segmented into consulting & system integration, managed services, and training & support. The solution component is predicted to be the most opportunistic segment because of the large involvement of players in the market. By deployment, the dark analytics market is divided into cloud and on-premises. In addition, the on-premise segment is anticipated to grow at the highest CAGR in the forecast period supporting the higher rate of security for dark data. Marketing, finance, operation, and human resource are the application segments for the dark analytics market. Among the application segment, marketing sector is expected to grow rapidly owing to the fact that valuable information obtained by dark analytics is opening new prospects for growing markets. By verticals, dark analytics market is categorized into retail & e-commerce, BFSI, healthcare, travel & hospitality, government, telecommunication, and others. Healthcare reveals large market application and is predicted to be the lucrative vertical.
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Geographically, dark analytics market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is leading the dark analytics market due to the presence of prominent players coupled with the increased adoption of the advanced technologies in this region. The region has the highest adoption rate of IoT, AI, and machine learning which has revolutionized the industry pace leading to a high rate of data generation supporting dark data. Presence of leaders has influenced the early adoption of technology along with the involvement of startups that provide technology as a service to other industries. Dark analytics helps the American government in their decision-making process by evaluating vital information. The U.S. and Canada are dominating regions for North America.
Europe is following North America for the dark analytics market supporting the technological advancement along with increasing market players. Europe is contributing a significant share of the market with major countries involved as the UK, Germany, and France. According to a study by Teradata, only 54% of companies of those surveyed in the UK feel the effective utilization of analytics within an organization. In addition, the UK and France have partnered together for artificial intelligence and digital service for developing their technical talent.
Browse the full "Dark Analytics Market by Component (Solutions and Services [Consulting & System Integration, Training & Support, and Managed Services]), by Deployment (On-Premises and Cloud), by Application (Marketing, Finance, Operations, and Human Resources) by End-user (BFSI, Government, Healthcare, Retail and E-commerce, Telecommunication and IT, and Other Verticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024" report at https://www.zionmarketresearch.com/report/dark-analytics-market
Asia Pacific region is expected to be the fastest growing region in support of the larger presence of developing nations. Among all, Japan is leading the Asia Pacific market being the most advanced nation in this region. The Asia Pacific is expected to be the most lucrative marketplace for the startups and existing players of the market.
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Some of the major players in dark analytics market are IBM Corp., SAP SE, Amazon Web Services, Micro Focus, Dell EMC, Microsoft, AvePoint, Teradata, Symantec, Datameer, IRI, SAS Institute, and Commvault. Prominent players in the market believe in strategic collaboration and partnership agreement for expanding their business. Companies are also focusing on portfolio expansion and through new product launch along with tactical merger and acquisition.
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The report segments the global dark analytics market as follows:
Global Dark Analytics Market: Component Segment Analysis
- Solution
- Services
- Consulting & System Integration
- Training & Support
- Managed Services
Global Dark Analytics Market: Deployment Segment Analysis
- On-Premises
- Cloud
Global Dark Analytics Market: Application Segment Analysis
- Marketing
- Finance
- Operations
- Human Resources
Global Dark Analytics Market: Vertical Segment Analysis
- BFSI
- Government
- Healthcare
- Retail and E-commerce
- Telecommunication and IT
- Travel and Hospitality
- Others
Global Dark Analytics Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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