In 2020, SAS Institute (short for Statistical Analysis System) generated 50 percent of its software revenue in the Americas region. The company's revenue in that year was three billion U.S. dollars, of which SAS reinvested 27 percent in research and development. This share is significantly higher than with most other software companies.

SAS is one of the leading analytics software providers

With a share of almost 28 percent, SAS Institute is the leading vendor in the global advanced and predictive analytics software market, where SAS competes with IBM, MathWorks, Alteryx, and Microsoft for market share. SAS also holds single to double-digit percentages in all other segments of the overall big data and analytics software market, including BI and analytics tools, artificial intelligence software platforms, analytic data integration and integrity software, and customer relationship analytics applications. The company's share of the overall big data and analytics software market stands at around five percent, putting SAS amongst the top vendors in the market behind Oracle, Microsoft, SAP, IBM, and Salesforce.

90 percent of Fortune 500 companies use SAS products

The SAS Institute developed out of a project at the agricultural department at the North Carolina State University in the 1960s. The company's current CEO James Goodnight and other participants of the project established it as a private company in 1976. As of 2020, the company had 12,545 employees worldwide, selling and providing its software analytics products and services to customers in 145 countries. The company's software is installed at more than 82 thousand government, university, and business sites and is used by more than 90 percent of the top companies on the 2020 Fortune 500 list.

This statistic displays the revenue of SAS Institute's business intelligence and analytics software market, in the Middle East and North Africa (MENA) from 2012 to 2014. In 2013, this sector of SAS Institute generated some 29.9 million U.S. dollars in revenue in the MENA region.

The statistic depicts the revenue SAS Institute generated through the sale of Business Intelligence and analytics software worldwide from 2008 to 2013. In 2012, SAS Institute generated 1.6 billion U.S. dollars from the business.

This statistic shows the revenue of the leading vendors in the analytic data integration software market worldwide, from 2014 to 2019. In 2019, SAS generated 517 million U.S. dollars in revenue from the analytic data integration and integrity software market.

[250 Pages Report] Newly released Predictive Analytics Market analysis report by Future Market Insights shows that global sales of Predictive Analytics Market in 2021 was held at US$ 10.5 Billion. With 15.8% CAGR during 2022 to 2032, the market is likely to reach a valuation of US$ 55.5 Bn by 2032. Revenue through BFSI is projected to register the highest CAGR of 15.7% during 2022 to 2032.

Predictive Analytics Market Report Scope

[250 Pages Report] The data conversion services market is likely to register a CAGR of 30.1% during the forecast period and is anticipated to reach a data conversion services market share of US$ 540795.08 Million in 2032, from US$ 38927.79 Million in 2022.

Scope of Report

In 2022, revenues from the global artificial intelligence market were expected to reach 433 billion U.S. dollars. The global AI market is forecast to see rapid growth in the coming years, reaching more than half a trillion U.S. dollars by 2023.

Artificial Intelligence Simply put, artificial intelligence (AI) is the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. In the case of AI, a great amount of data is often used to train AI into developing algorithms that enable these abilities. Different AI capabilities such as computer vision and conversational interfaces are embedded in many standard business processes in industries such as retail, finance, healthcare, and high tech.

AI Segments The AI market can be broken down into three segments: software, hardware, and services. The AI software segment is the largest of the three segments, bringing in the most revenue recently. The segment is comprised of AI applications, AI software platforms, and AI system infrastructure software sub-segments. Popular AI software vendors include companies such as IBM, Microsoft, SAS, and Google to name a few. The AI hardware market and the AI services market are smaller in size but have significant potential for growth in the coming years.

In 2022, Sistemas Colombia S.A.S. was the leading IT systems development company in Colombia with a revenue of approximately one trillion Colombian pesos. Hitss Colombia S.A.S. ranked fourth, with a revenue worth over 255 billion Colombian pesos.

In 2022, Colombiana de Comercio S.A. was the leading company for computer hardware and software as well as telecommunication equipment retail in Colombia with a revenue of over 11 trillion Colombian pesos. It was followed by iShop Colombia S.A.S. with a revenue of approximately one trillion Colombian pesos.