Market Analysis

The Dark Analytics Market is expected to grow USD 880.50 Million by 2027, at a compound annual growth rate (CAGR) of 25.08% during the forecast period. report focuses on Dark Analytics market size, share, growth, competition level, key pricing structure, and major key developments in the market. The global dark analytics market is driven by rising adoption of IoT across various industry verticals as well as advancement in technologies. These factors have helped shape the dark analytics market and are expected to boost the growth. Companies in the dark analytics market could also face challenges such as shortage of skilled human resource along with non-uniformity of the gathered data. The details covered in the dark analytics market report cover all the aspects of the industry. Analysts studying the dark analytics market have also shared growth projections in the report and have suggested dark analytics market players to plan business strategies accordingly.

Growing Adoption of IoT Across Industry Verticals

Dark analytics is the analysis of information assets gathered, processed, and stored by an organization as part of its regular business operations. Technological advancements such as computer vision, pattern recognition, and cognitive analytics enable firms to focus on unstructured information for accurate decision making and an improved user experience.

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The growing adoption of IoT across many industry verticals is propelling the Dark Analytics Market forward. According to an analysis, there will be around 500 billion devices in the connected ecosystem by the end of 2030. As this IoT ecosystem grows, so will the volume of data collected, the majority of which will be dark data comprised of structured and unstructured data. Dark analytics solutions are capable of analyzing such vast amounts of unstructured and untapped data and assisting enterprises in gaining actionable business insights for better decision making. Furthermore, the increasing use of modern technologies such as artificial intelligence and machine learning to analyze data is prompting enterprises to use dark data solutions in order to boost their ROI.

Key Players

Market Segmentation

The global dark analytics industry has been broadly segmented on the basis of component, deployment, application, and industry vertical.

By component, the global dark analytics market has been segmented into solutions and services.

By deployment, the global dark analytics market has been segmented into on-cloud and on-premise.

By application, the global dark analytics market has been segmented into operations, finance, human resource, and marketing.

By industry vertical, the global dark analytics market has been segmented into IT and telecommunication, BFSI, retail and e-commerce, government, healthcare, media and entertainment, and others.

Regional Analysis

North America to Dominate the Global Market

During the projected period, North America is expected to dominate the dark analytics market. The region is known for being a technological innovator and early adoption of technology. Organizations throughout the region are quickly implementing dark analytics solutions to evaluate the massive amounts of data generated by advanced technologies such as IoT and big data. The region is also a center for the major providers of dark analytics solutions, who are extensively spending in research and development to add new features to their systems and enhance their capabilities. The region has been divided into three countries: the United States, Canada, and Mexico.

Europe to Follow North America

In terms of market share, Europe follows North America in the worldwide dark analytics market. As the European government focuses on data security compliance and legal challenges, the region’s adoption of dark analytics solutions is increasing.

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Dark Analytics Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Dark Analytics Market

5 Market Overview Of Dark Analytics Market

Continued...

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