The global time series analysis software market is estimated to grow at a CAGR of around 12% during the forecast period. Time series analysis is one of the powerful analysis techniques. It is a statistical technique; this technique deals with time-series data in order to do trend analysis. Time series analysis is used by the business head to make important decisions, such as load forecasting, business forecasting, financial forecasting, and stock market analysis, and so on. In a time-series data, a sequence of large numbers of data is taken at successive equally spaced points in time. Analyze these large numbers of data manually would take a long time, to analyze a time-series data efficiently in a shorter time business heads take the help of various time series analysis software.

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Industry 4.0 revolution is driving the global time series analysis software market. Now, the machine learning algorithms and artificial neural networks are used for time series analysis to forecast the trend. Furthermore, the recent developments in big data analytics, cloud computing, social networks, natural language processing (NLP) and machine learning have a significant impact on time series analysis software market. Extensive use of time series analysis and predictive analysis in the supply chain management, healthcare, stock market, and manufacturing industry is also driving the global time series analysis software market. Further, in the pandemic situation, many country’s governments are taking the help of time series analysis technique to determine the spread of the infection, also they are using it to take important decisions, such as how long a lockdown should be, numbers of the requirement of the test-kits, numbers of the requirement of the ventilators, numbers of the requirement the isolation wards, and others.

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High subscription cost for the time series analysis software is restraining the growth of the market. For instance, Tableau license costs $999 for a desktop personal with annual maintenance, $1,999 for a desktop professional with annual maintenance. SAS software costs $8,700 per year for the most basic license only. Furthermore, the complexity of these time series analysis software is also one of the restraining factors of the global time series analysis software market. Besides, the adoption of the ML-based platform in various sectors is an opportunity for future market growth. ManyML-based time series analysis software is used by the business head to take important decisions, such as requirements of the raw materials, forecasting of sales, and others.

Market Segmentation

By Types
Cloud-based
On-premises
By End-Use application
Large Enterprise
SMEs
Education Institute
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

Amazon, Inc.
Anodot Ltd.
GMDH, LLC
Google, LLC
IBM Corp.
InfluxDataOperations UK, Ltd.
Microsoft Corp.
Oracle Corp.
SAP SE
SAS Institute, Inc.
Seeq Corp.
SenX S.A.S
Software AG.
Tableau Software, LLC
The Mathworks, Inc.
Trendalyze, Inc.
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