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Regression Analysis Tool Market Size, Industry Analysis Report By Component (Software, Services), (Simple Linear Regression Tools, Multiple Linear Regression tools), By Deployment type (On-premise, Cloud), By Organizational Size (Small and Medium Enterprises, Large Enterprises), By End-user (Retail, BFSI, Healthcare and Life Sciences, Education, Media and Entertainment, Transportation and Logistics) & Region – Forecasts By 2033

  • PUBLISHED ON
  • 2024-08-10
  • NO OF PAGES
  • 243
  • CATEGORY
  • Information Communication & Technology

Market Overview

The global regression analysis tool market is expected to amplify with a substantial CAGR of 5.7%. It is expected to achieve revenues of USD 17,293 million in 2033 from a revenue of USD 11,098.50 million in 2023.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 11,098.50 million

Market Forecast in 2033

USD 17,293 million

CAGR % 2023-2033

5.7%.

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

EViews IHS Global Inc., CAMO Software AS, GNU Octave, GraphPad Software Inc., International, Business Machines Corporation, Lumina Decision Systems, MathWorks, Inc., Minitab Inc., OriginLab Corporation, QlikTech International AB, RStudio, PBC, SAS Institute Inc., Scilab, StataCorp LLC, TIBCO Software and Others.

Regression Analysis Tool Market- Description

Regression analysis tools are the most widely used statistical tools that help estimate the relationship between dependent variables and independent variables. They are used to predict the actual outcomes and to explain or understand the relationship among variables. Regression analysis tools help study the relationships among two variables based on a sample. Regression analysis tools help by providing an equation for a graph that helps predict data trends.

Several times, it becomes necessary to use regression analysis tools in the field of biomedical signal processing to evaluate the sufficiency of parameterization techniques to predict and to quantify the health state of the analyzed subject on selected rating scales to assess the severity of a disease. This is one of the key factors driving the regression analysis tool market. Regression analysis tools provide detailed insights that can also be used to improve products and services. This is another factor fueling the growth of the regression analysis tool market.

Regression Analysis Tool Market: Key Trends

·         Shifting Trends and led to growth of the market

The shifting trend of various companies who want more accurate and reliable results, have led to high demand for regression analysis tools in the market as it predicts accurate results than other analysis tools. Organizations use regression analysis tools to eliminate the time-consuming and lengthy sample analyzing process, which drives the demand for regression analysis tools.

·         Healthcare and biomedical domains are propelling the market

In the healthcare & biomedical domain, signal processing regression analysis tools are used to evaluate techniques that predict the complexity of the disease, and thus raises the demand for regression analysis tools. Regression analysis is lengthy, complicated and time consuming, which restrains the growth of the regression analysis tools market. Lack of skilled professionals restrains the growth of regression analysis tools market. Regression analysis tool market has opportunities in the biomedical signal processing field.

Regression Analysis Tool Market: Segmental Analysis

Based on Component

•Software

•Services

Based on Type

•Simple Linear Regression Tools

•Multiple Linear Regression tools

Based on Deployment type

•On-premise

•Cloud

Based on Organizational Size

•Small and Medium Enterprises

•Large Enterprises

Based on End-user

•Retail

•BFSI

•Healthcare and Life Sciences

•Education

•Media and Entertainment

•Transportation and Logistics

•Others

Regression Analysis Tool Market: Regional Analysis

Global Regression Analysis Tool Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa. North America is expected to hold major share in terms of revenue of the regression analysis tool market during the forecast period, as the region has a significant local as well as global presence of regression analysis service providers.

Regression Analysis Tool Market: Recent Developments

CAMO Software AS, a key player in the regression analysis tool market announced a global partnership with Metrohm AG, a company dealing in precision instruments and created AMO’s Unscrambler X software which offers import and export functionality to analyses the sample and measurement execution. 

Regression Analysis Tool Market: Key Companies

·         EViews IHS Global Inc.

·         CAMO Software AS

·         GNU Octave

·         GraphPad Software Inc.

·         International Business Machines Corporation

·         Lumina Decision Systems

·         MathWorks, Inc.

·         Minitab Inc.

·         OriginLab Corporation

·         QlikTech International AB

·         RStudio, PBC

·         SAS Institute Inc.

·         Scilab

·         StataCorp LLC

·         TIBCO Software

·         Others

Regression Analysis Tool Market: Regional Scope             

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

1. Global Regression Analysis Tools Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Regression Analysis Tools Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Regression Analysis Tools Market Scope and Market Estimation

1.4.1. Global Regression Analysis Tools Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Regression Analysis Tools Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Regression Analysis Tools Market Segmentation

1.5.1. Component of Global Regression Analysis Tools Market

1.5.2. Type of Global Regression Analysis Tools Market

1.5.3. Deployment of Global Regression Analysis Tools Market

1.5.4. Organization Size of Global Regression Analysis Tools Market

1.5.5. End-user of Global Regression Analysis Tools Market

1.5.6. Key Regions of Global Regression Analysis Tools Market

 

2. Global Regression Analysis Tools Market - Executive Summary

2.1. Global Regression Analysis Tools Market – Summary & Snapshot

2.2. Global Regression Analysis Tools Market, By Component (US$ Million)

2.3. Global Regression Analysis Tools Market, By Type (US$ Million)

2.4. Global Regression Analysis Tools Market, By Deployment (US$ Million)

2.5. Global Regression Analysis Tools Market, By Organization Size (US$ Million)

2.6. Global Regression Analysis Tools Market, By End-user (US$ Million)

2.7. Global Regression Analysis Tools Market, By Geography (US$ Million)

2.8. Global Regression Analysis Tools Market Outlook & Future Opportunities

 

3. Regression Analysis Tools Market Trends, Outlook, and Factors Analysis

3.1. Global Regression Analysis Tools Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Regression Analysis Tools Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Regression Analysis Tools Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Increasing demand for automation and robotic technology expected to boost the AI market in coming years

3.2.1.2. Driver 2

3.2.1.3. Driver 3

3.2.2. Restraints

3.2.2.1. Lack of qualified personnel in the artificial intelligence sector

3.2.2.2. Restraint 2

3.2.2.3. Restraint 3

3.2.3. Opportunities

3.2.3.1. Increased government activities regarding robotic technology and AI technology

3.2.3.2. Surge in investment of major companies in AI technologies.

3.2.3.3. Opportunity 3

3.2.3.4. Opportunity 4

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Regression Analysis Tools Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Regression Analysis Tools Market

3.9.1. By Component

3.9.2. By Type

3.9.3. By Deployment

3.9.4. By Organization Size

3.9.5. By End-user

3.9.6. By Regions

 

4. Global Regression Analysis Tools Market: Estimates & Historic Trend Analysis (2019 to 2021)

4.1. Global Regression Analysis Tools Market, 2020 – 2021 (US$ Million)

4.2. Global Regression Analysis Tools Market, By Component (US$ Million)

4.3. Global Regression Analysis Tools Market, By Type (US$ Million)

4.4. Global Regression Analysis Tools Market, By Deployment (US$ Million)

4.5. Global Regression Analysis Tools Market, By Organization Size (US$ Million)

4.6. Global Regression Analysis Tools Market, By End-user (US$ Million)

4.7. Global Regression Analysis Tools Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global Regression Analysis Tools Market Estimates & Forecast Trend Analysis, by Component

5.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033

5.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033

5.2.1. Software

5.2.2. Services

 

6. Global Regression Analysis Tools Market Estimates & Forecast Trend Analysis, by Type

6.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033

6.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033

6.2.1. Simple Linear Regression Tools

6.2.2. Multiple Linear Regression Tools

 

7. Global Regression Analysis Tools Market Estimates & Forecast Trend Analysis, by Deployment

7.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by Deployment, 2022 & 2033

7.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by Deployment, 2022 to 2033

7.2.1. On-premise

7.2.2. Cloud

 

8. Global Regression Analysis Tools Market Estimates & Forecast Trend Analysis, by Organization Size

8.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by Organization Size, 2022 & 2033

8.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by Organization Size, 2022 to 2033

8.2.1. Small and Medium Enterprises

8.2.2. Large Enterprises


9. Global Regression Analysis Tools Market Estimates & Forecast Trend Analysis, by End-user

9.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033

9.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by End-user, 2022 to 2033

9.2.1. Retail

9.2.2. BFSI

9.2.3. Healthcare & Life sciences

9.2.4. Education

9.2.5. Media & Entertainment

9.2.6. Transportation & Logistics

9.2.7. Others

 

10. Global Regression Analysis Tools Market Analysis and Forecast, by Region

10.1. Global Regression Analysis Tools Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

10.2. Global Regression Analysis Tools Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

10.2.1. North America

10.2.2. Europe

10.2.3. Asia Pacific

10.2.4. Middle East and Africa

10.2.5. South America

 

11. North America Regression Analysis Tools Market: Estimates & Forecast Trend Analysis

11.1. North America Regression Analysis Tools Market Assessments & Key Findings

11.2. North America Regression Analysis Tools Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. North America Regression Analysis Tools Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Component

11.3.2. By Type

11.3.3. By Deployment

11.3.4. By Organization Size

11.3.5. By End-user

11.3.6. By Major Country

11.3.6.1. The U.S.

11.3.6.2. Canada

 

12. Europe Regression Analysis Tools Market: Estimates & Forecast Trend Analysis

12.1. Europe Regression Analysis Tools Market Assessments & Key Findings

12.2. Europe Regression Analysis Tools Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Europe Regression Analysis Tools Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Component

12.3.2. By Type

12.3.3. By Deployment

12.3.4. By Organization Size

12.3.5. By End-user

12.3.6. By Major Country

12.3.6.1. Germany

12.3.6.2. The U.K.

12.3.6.3. France

12.3.6.4. Italy

12.3.6.5. Spain

12.3.6.6. Russia

12.3.6.7. Rest of Europe (includes all other European countries)

 

13. Asia Pacific Regression Analysis Tools Market: Estimates & Forecast Trend Analysis

13.1. Asia Pacific Regression Analysis Tools Market Assessments & Key Findings

13.2. Asia Pacific Regression Analysis Tools Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Asia Pacific Regression Analysis Tools Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Component

13.3.2. By Type

13.3.3. By Deployment

13.3.4. By Organization Size

13.3.5. By End-user

13.3.6. By Major Country

13.3.6.1. China

13.3.6.2. Japan

13.3.6.3. India

13.3.6.4. ASEAN

13.3.6.5. South Korea

13.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

14. Middle East & Africa Regression Analysis Tools Market: Estimates & Forecast Trend Analysis

14.1. Middle East & Africa Regression Analysis Tools Market Assessments & Key Findings

14.2. Middle East & Africa Regression Analysis Tools Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3. Middle East & Africa Regression Analysis Tools Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

14.3.1. By Component

14.3.2. By Type

14.3.3. By Deployment

14.3.4. By Organization Size

14.3.5. By End-user

14.3.6. By Major Country

14.3.6.1. GCC

14.3.6.2. South Africa

14.3.6.3. Egypt

14.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

15. South America Regression Analysis Tools Market: Estimates & Forecast Trend Analysis

15.1. South America Market Assessments & Key Findings

15.2. South America Regression Analysis Tools Market Share (%) Estimates and Forecasts, 2022 & 2033

15.3. South America Regression Analysis Tools Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

15.3.1. By Component

15.3.2. By Type

15.3.3. By Deployment

15.3.4. By Organization Size

15.3.5. By End-user

15.3.6. By Major Country

15.3.6.1. Brazil

15.3.6.2. Mexico

15.3.6.3. Rest of South America (includes all other South America countries)

 

16. Competitive Landscape

16.1. Regression Analysis Tools Market Revenue Share Analysis (%), by Major Players (2021)

16.2. Regression Analysis Tools Market Competition Matrix, by Leading Players

16.3. Regression Analysis Tools List of Emerging, Prominent and Leading Players

16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

17. Company Profiles

17.1. Advanced Micro Devices

17.1.1. Company Overview & Insights

17.1.2. Financial Performance

17.1.3. Product / Service Portfolio

17.1.4. Geographical Footprint & Share

17.1.5. Strategic Initiatives & Key Developments

 

*Similar details would be provided for all the players mentioned below

17.2. (EViews) IHS Global Inc.

17.3. CAMO Software AS

17.4. GNU Octave

17.5. GraphPad Software Inc.

17.6. International Business Machines Corporation

17.7. Lumina Decision Systems

17.8. MathWorks, Inc.

17.9. Minitab Inc.

17.10. OriginLab Corporation

17.11. QlikTech International AB

17.12. RStudio, PBC

17.13. SAS Institute Inc.

17.14. Scilab

17.15. StataCorp LLC

17.16. TIBCO Software

17.17. Others

 

18. Assumptions and Research Methodology

18.1. Data Mining

18.2. Secondary Research

18.3. Primary Research

18.4. Subject Matter Expert Advice

18.5. Quality Check

18.6. Final Review

18.7. Data Triangulation

18.8. Bottom-Up Approach

18.9. Top Down Approach

18.10. Research Flow

18.11. Key Insights from Industry Experts

18.12. Data Sources

18.13. Assumptions

18.14. Limitations

 

19. Conclusions and Recommendations

19.1. Key Research Findings and Conclusion

19.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The global regression analysis tool market is expected to amplify with a substantial CAGR of 5.7%. It is expected to achieve revenues of USD 17,293 million in 2033 from a revenue of USD 11,098.50 million in 2023.

What are the drivers shaping various markets?

The shifting trend of various companies who want more accurate and reliable results, have led to high demand for regression analysis tools in the market as it predicts accurate results than other analysis tools. Organizations use regression analysis tools to eliminate the time-consuming and lengthy sample analyzing process, which drives the demand for regression analysis tools

Who are the key competitors of market Players?

Some of the major players operating within the market are EViews IHS Global Inc., CAMO Software AS, GNU Octave, GraphPad Software Inc., International, Business Machines Corporation, Lumina Decision Systems, MathWorks, Inc., Minitab Inc., OriginLab Corporation, QlikTech International AB, RStudio, PBC, SAS Institute Inc., Scilab, StataCorp LLC, TIBCO Software and Others.

What are the top performing segments, and countries / regions of each of the markets?

Global Regression Analysis Tool Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa. North America is expected to hold major share in terms of revenue of the regression analysis tool market during the forecast period, as the region has a significant local as well as global presence of regression analysis service providers.

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