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Global Data Analytics Training Market to Grow at a CAGR of 23% During 2022-2027, Aided by Rapid Digital Transformation

According to a new report by EMR titled, ‘Global Data Analytics Training Market Report and Forecast 2022-2027’, the global market for data analytics training is expected to grow at a CAGR of 23% in the forecast period of 2022-2027.

The market for data analytics training is being driven by the rapid digital transformation in various industries. This is leading to a surge in the deployment of data analytics to boost consumer experience by gaining meaningful insights from data, thus fuelling the growth of the market. In addition, the robust growth of the online retail sector, especially in the wake of the COVID-19 crisis, is leading to an escalation in the generation of data, hence augmenting the growth of the data analytics training industry. This trend is further fuelled by the rising penetration of various direct-to-consumer (D2C) brands, which, in turn, is bolstering the requirement for personalised consumer offerings. Moreover, the rising demand for innovations and cost optimising due to growing competitiveness is surging the adoption of data analytics by various organisations, which is propelling the market growth. The advent of decision intelligence to enhance decision modelling is increasing the leveraging of data analytics, which is projected to drive the market growth in upcoming years.

Microsoft Corporation (NASDAQ: MSFT), one of the leading companies in the market, integrated its Microsoft Azure Synapse Analytics with Bitvore in June 2021. The integration is expected to aid consumers to easily use the updated version of Bitvore Cellenus datasets in Azure. This is projected to enhance predictive models while enabling the adoption of augmented intelligence in various applications. The integration is projected to surge the use of data analytics while accelerating the adoption of artificial intelligence (AI). Such measures are expected to propel the adoption of data analytics and are projected to aid the growth of the market in the forecast period.

Market Analysis by Platform, End Use and Region:

  • The market, on the basis of platform, can be divided into online and offline.
  • Based on end use, the industry can be divided into transportation, IT and telecommunication, manufacturing, retail and e-commerce, BFSI, and healthcare, among others.
  • The regional markets for data analytics training include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing deployment of data analytics in the healthcare industry to boost the quality of healthcare is fuelling the market growth.
  • The market has been aided by the extensive use of data analytics to control the spread of the COVID-19 pandemic and generate efficient pandemic responses.
  • The increasing use of data analytics to boost efficiency, monitoring, and manufacturing capabilities owing to the advent of Industry 4.0 are propelling the market growth.
  • The surging deployment of data analytics to enhance decision-making processes and consumer experience while optimising supply chain management is augmenting the growth of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for data analytics training for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the platforms, end uses, and major regions of data analytics training.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global data analytics training market are IBM Corporation, Hewlett Packard Enterprise Development LP, Google LLC, Amazon Web Services, and Microsoft Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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