PUBLISHER: The Business Research Company | PRODUCT CODE: 1706983
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706983
Statistical analysis software (SAS) comprises computer programs designed to analyze, manipulate, and visualize data, aiming to uncover patterns, trends, and relationships within datasets. These tools offer a wide array of statistical techniques and methods, aiding researchers, analysts, and data scientists in understanding complex data and deriving meaningful insights.
The main components of statistical analysis software include software and services. Software encompasses a set of instructions and data that guide a computer in performing specific tasks. It comes in various forms such as cloud-based and on-premises solutions, offering functionalities such as descriptive, predictive, and prescriptive analytics. Statistical analysis software is utilized across various industry verticals including healthcare, finance, education, manufacturing, retail, government, IT, and telecommunications.
The statistical analysis software market research report is one of a series of new reports from The Business Research Company that provides statistical analysis software market statistics, including the statistical analysis software industry global market size, regional shares, competitors with statistical analysis software market share, detailed statistical analysis software market segments, market trends, and opportunities, and any further data you may need to thrive in the statistical analysis software industry. This statistical analysis software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The statistical analysis software market size has grown rapidly in recent years. It will grow from $9.32 billion in 2024 to $10.35 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to increased volume and complexity of data, rise in data-driven decision-making, regulatory compliance requirements, the growth of business intelligence, and increased focus on predictive analytics.
The statistical analysis software market size is expected to see rapid growth in the next few years. It will grow to $15.49 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the emergence of industry-specific solutions, shift towards cloud-based solutions, focus on real-time analytics, integration with artificial intelligence (AI) and machine learning (ML), and demand for self-service analytics. Major trends in the forecast period include AI-powered features, advanced anomaly detection, natural language processing (NLP) integration, innovation, and cloud-based AI services.
The statistical analysis software market is set to experience significant growth due to the rapid adoption of cloud computing. Cloud computing delivers computing services over the internet, providing resources such as storage, processing power, and software on-demand, eliminating the need for local infrastructure or management. This adoption is driven by the complete flexibility, scalability, cost-effectiveness, and improved collaboration and accessibility offered by cloud computing. Statistical analysis software is utilized in cloud computing environments to leverage the scalability, flexibility, cost efficiency, and integration capabilities of cloud platforms, enabling users to conduct advanced analytics, data processing, and modeling tasks efficiently. For example, Flexera reported that in 2022, 87% of organizations adopted multi-cloud setups, with 72% adopting hybrid clouds, 13% multiple public clouds, and 2% multiple private clouds. Additionally, cloud spending by small and medium-sized businesses (SMBs) surged, with 52% spending more than $1.2 million in 2022, up from 38% in 2021.
Leading companies in the statistical analysis software market are focusing on developing advanced solutions, such as a new healthcare analytics platform, to meet critical industry needs. This new platform leverages data insights to improve patient care and enhance operational efficiency. For example, in September 2023, SAS Health, a US-based company specializing in analytics and data management, introduced a healthcare analytics platform designed to optimize health data management and boost patient outcomes. The comprehensive solution streamlines health data integration, strengthens data governance, and accelerates insights for healthcare providers, insurers, and public health agencies. It uses a Common Health Data Model with predefined mappings to industry standards, enabling quick data ingestion through a no-code/low-code approach. Powered by the SAS Viya AI platform, it delivers actionable insights quickly while ensuring regulatory compliance. Key features of the platform include identifying clinical staffing gaps and visualizing the locations of screening centers in relation to patient populations.
In January 2024, Parse Biosciences, a biotechnology company based in the US, acquired Biomage for an undisclosed amount. This acquisition is intended to strengthen Parse Biosciences' single-cell sequencing technology by incorporating advanced data analysis tools. The integration aims to simplify the research process, provide deeper biological insights, and accelerate advancements in single-cell genomics. Biomage, also based in the US, specializes in single-cell RNA sequencing (scRNA-seq) data analysis, with its flagship product at the core of its offerings.
Major companies operating in the statistical analysis software market are Microsoft Corp, International Business Machines Corporation, Oracle Corporation, S&P Global, Pearson Education Inc, SAS Institute, Tableau Software LLC, MathWorks, Alteryx Inc., MicroStrategy Incorporated, TIBCO Software Inc., Dataiku Ltd, Domo Inc., JMP Statistical Discovery LLC, Minitab, LLC, Free Software Foundation, Inc., StataCorp LLC, Wolfram, OriginLab Corporation, DataClarity Corporation, Statwing Inc., Lumivero Pty. Ltd, AcaStat Software, StatGraphics Technologies, GraphPad Software Inc.
North America was the largest region in the statistical analysis software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the statistical analysis software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the statistical analysis software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The statistical analysis software market consists of revenues earned by entities by providing services such as consulting services, data analysis services, training, and education. The market value includes the value of related goods sold by the service provider or included within the service offering. The statistical analysis software market also includes sales of data visualization tools, descriptive statistics tools, and regression analysis tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Statistical Analysis Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on statistical analysis software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for statistical analysis software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The statistical analysis software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.