Product Code: ETC6191903 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The statistical analytics market in Australia is thriving, supported by the rising importance of data-driven decision-making across industries such as finance, healthcare, retail, and government. Businesses increasingly leverage statistical tools and software for predictive analytics, risk assessment, and performance optimization. The market is also propelled by advancements in big data technologies, machine learning, and AI, enhancing the scope and accuracy of analytics solutions. Demand for skilled data professionals continues to grow in tandem.
Australias statistical analytics market is rapidly expanding with the growing importance of data-driven decision-making across sectors such as finance, healthcare, retail, and government. The adoption of advanced analytics tools, including AI and machine learning, is enhancing the ability to extract actionable insights from big data. Cloud computing and data visualization technologies are making analytics more accessible and scalable. There is a growing emphasis on real-time analytics and predictive modeling to improve operational efficiency and customer experience.
The statistical analytics market in Australia faces challenges around data privacy and security regulations which complicate data collection and processing. A shortage of skilled data scientists and analysts hampers the ability of organizations to leverage advanced analytics effectively. The high cost of implementing and maintaining sophisticated analytics platforms can deter small and medium enterprises. Furthermore, integrating analytics into existing IT infrastructure and ensuring data quality remain significant hurdles.
The statistical analytics market is expanding rapidly, fueled by increased data generation across sectors such as finance, healthcare, and government. Investment opportunities include developing AI-powered analytics platforms, real-time data processing tools, and customized industry-specific solutions. There is also strong potential in training and consulting services to help organizations leverage analytics for strategic decision-making.
Policies relevant to the statistical analytics market include data privacy laws such as the Privacy Act 1988 and the Australian Privacy Principles (APPs), which regulate the collection, storage, and use of data. The government promotes the use of analytics in public sector decision-making and supports open data initiatives to increase transparency. Additionally, funding is provided for digital innovation and skill development to boost analytics capabilities across industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Statistical Analytics Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Statistical Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Statistical Analytics Market - Industry Life Cycle |
3.4 Australia Statistical Analytics Market - Porter's Five Forces |
3.5 Australia Statistical Analytics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Australia Statistical Analytics Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Australia Statistical Analytics Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.8 Australia Statistical Analytics Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
4 Australia Statistical Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Statistical Analytics Market Trends |
6 Australia Statistical Analytics Market, By Types |
6.1 Australia Statistical Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Australia Statistical Analytics Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Australia Statistical Analytics Market Revenues & Volume, By Solution, 2021- 2031F |
6.1.4 Australia Statistical Analytics Market Revenues & Volume, By Service, 2021- 2031F |
6.2 Australia Statistical Analytics Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Australia Statistical Analytics Market Revenues & Volume, By Data Mining, 2021- 2031F |
6.2.3 Australia Statistical Analytics Market Revenues & Volume, By Predictive Analytics, 2021- 2031F |
6.2.4 Australia Statistical Analytics Market Revenues & Volume, By Visual Analytics, 2021- 2031F |
6.3 Australia Statistical Analytics Market, By Service |
6.3.1 Overview and Analysis |
6.3.2 Australia Statistical Analytics Market Revenues & Volume, By Professional Service, 2021- 2031F |
6.3.3 Australia Statistical Analytics Market Revenues & Volume, By Support and Maintenance Service, 2021- 2031F |
6.4 Australia Statistical Analytics Market, By Deployment |
6.4.1 Overview and Analysis |
6.4.2 Australia Statistical Analytics Market Revenues & Volume, By Cloud, 2021- 2031F |
6.4.3 Australia Statistical Analytics Market Revenues & Volume, By On-Premise, 2021- 2031F |
7 Australia Statistical Analytics Market Import-Export Trade Statistics |
7.1 Australia Statistical Analytics Market Export to Major Countries |
7.2 Australia Statistical Analytics Market Imports from Major Countries |
8 Australia Statistical Analytics Market Key Performance Indicators |
9 Australia Statistical Analytics Market - Opportunity Assessment |
9.1 Australia Statistical Analytics Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Australia Statistical Analytics Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Australia Statistical Analytics Market Opportunity Assessment, By Service, 2021 & 2031F |
9.4 Australia Statistical Analytics Market Opportunity Assessment, By Deployment, 2021 & 2031F |
10 Australia Statistical Analytics Market - Competitive Landscape |
10.1 Australia Statistical Analytics Market Revenue Share, By Companies, 2024 |
10.2 Australia Statistical Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |