Statistical Analysis Software Market size was valued at USD 7,963.44 Million in 2023 and is projected to reach USD 13,023.63 Million by 2030, growing at a CAGR of 7.28% during the forecast period 2024-2030.

Global Statistical Analysis Software Market Drivers

The market drivers for the Statistical Analysis Software Market can be influenced by various factors. These may include:

Growing Data Complexity and Volume: The demand for sophisticated statistical analysis tools has been fueled by the exponential rise in data volume and complexity across a range of industries. Robust software solutions are necessary for organizations to evaluate and extract significant insights from huge datasets.
Growing Adoption of Data-Driven Decision-Making: Businesses are adopting a data-driven approach to decision-making at a faster rate. Utilizing statistical analysis tools, companies can extract meaningful insights from data to improve operational effectiveness and strategic planning.
Developments in Analytics and Machine Learning: As these fields continue to progress, statistical analysis software is now capable of more. These tools’ increasing popularity can be attributed to features like sophisticated modeling and predictive analytics.
A greater emphasis is being placed on business intelligence: Analytics and business intelligence are now essential components of corporate strategy. In order to provide business intelligence tools for studying trends, patterns, and performance measures, statistical analysis software is essential.
Increasing Need in Life Sciences and Healthcare: Large volumes of data are produced by the life sciences and healthcare sectors, necessitating complex statistical analysis. The need for data-driven insights in clinical trials, medical research, and healthcare administration is driving the market for statistical analysis software.
Growth of Retail and E-Commerce: The retail and e-commerce industries use statistical analytic tools for inventory optimization, demand forecasting, and customer behavior analysis. The need for analytics tools is fueled in part by the expansion of online retail and data-driven marketing techniques.
Government Regulations and Initiatives: Statistical analysis is frequently required for regulatory reporting and compliance with government initiatives, particularly in the healthcare and finance sectors. In these regulated industries, statistical analysis software uptake is driven by this.
Big Data Analytics’s Emergence: As big data analytics has grown in popularity, there has been a demand for advanced tools that can handle and analyze enormous datasets effectively. Software for statistical analysis is essential for deriving valuable conclusions from large amounts of data.
Demand for Real-Time Analytics: In order to make deft judgments fast, there is a growing need for real-time analytics. Many different businesses have a significant demand for statistical analysis software that provides real-time data processing and analysis capabilities.
Growing Awareness and Education: As more people become aware of the advantages of using statistical analysis in decision-making, its use has expanded across a range of academic and research institutions. The market for statistical analysis software is influenced by the academic sector.
Trends in Remote Work: As more people around the world work from home, they are depending more on digital tools and analytics to collaborate and make decisions. Software for statistical analysis makes it possible for distant teams to efficiently examine data and exchange findings.

In 2023, Morningstar Advisor Workstation was by far the most popular data analytics software worldwide. According to a survey carried out between December 2022 and March 2023, the market share of Morningstar Advisor Workstation was 23.81 percent. It was followed by Riskalyze Elite, with 12.21 percent, and YCharts, with 10.82 percent.

This statistic depicts the distribution of tools used to compile data and present analytics and/or reports to management, according to a marketing survey of C-level executives, conducted in December 2015 by Black Ink. As of December 2015, 9 percent of respondents used statistical modeling tools, such as IBM's SPSS or the SAS Institute's Statistical Analysis System package, to compile and present their reports.

Most studies in the life sciences and other disciplines involve generating and analyzing numerical data of some type as the foundation for scientific findings. Working with numerical data involves multiple challenges. These include reproducible data acquisition, appropriate data storage, computationally correct data analysis, appropriate reporting and presentation of the results, and suitable data interpretation.Finding and correcting mistakes when analyzing and interpreting data can be frustrating and time-consuming. Presenting or publishing incorrect results is embarrassing but not uncommon. Particular sources of errors are inappropriate use of statistical methods and incorrect interpretation of data by software. To detect mistakes as early as possible, one should frequently check intermediate and final results for plausibility. Clearly documenting how quantities and results were obtained facilitates correcting mistakes. Properly understanding data is indispensable for reaching well-founded conclusions from experimental results. Units are needed to make sense of numbers, and uncertainty should be estimated to know how meaningful results are. Descriptive statistics and significance testing are useful tools for interpreting numerical results if applied correctly. However, blindly trusting in computed numbers can also be misleading, so it is worth thinking about how data should be summarized quantitatively to properly answer the question at hand. Finally, a suitable form of presentation is needed so that the data can properly support the interpretation and findings. By additionally sharing the relevant data, others can access, understand, and ultimately make use of the results.These quick tips are intended to provide guidelines for correctly interpreting, efficiently analyzing, and presenting numerical data in a useful way.

Data analysis can be accurate and reliable only if the underlying assumptions of the used statistical method are validated. Any violations of these assumptions can change the outcomes and conclusions of the analysis. In this study, we developed Smart Data Analysis V2 (SDA-V2), an interactive and user-friendly web application, to assist users with limited statistical knowledge in data analysis, and it can be freely accessed at https://jularatchumnaul.shinyapps.io/SDA-V2/. SDA-V2 automatically explores and visualizes data, examines the underlying assumptions associated with the parametric test, and selects an appropriate statistical method for the given data. Furthermore, SDA-V2 can assess the quality of research instruments and determine the minimum sample size required for a meaningful study. However, while SDA-V2 is a valuable tool for simplifying statistical analysis, it does not replace the need for a fundamental understanding of statistical principles. Researchers are encouraged to combine their expertise with the software’s capabilities to achieve the most accurate and credible results.

The statistic shows the analytics tools currently in use by business organizations in the United States, as well as the analytics tools respondents believe they will be using in two years, according to a 2015 survey conducted by the Harvard Business Review Analytics Service. As of 2015, 73 percent of respondents believed they were going to use predictive analytics for data analysis in two years' time.

This dataset contains all of the supporting materials to accompany Helsel, D.R., Hirsch, R.M., Ryberg, K.R., Archfield, S.A., and Gilroy, E.J., 2020, Statistical methods in water resources: U.S. Geological Survey Techniques and Methods, book 4, chapter A3, 454 p., https://doi.org/10.3133/tm4a3. [Supersedes USGS Techniques of Water-Resources Investigations, book 4, chapter A3, version 1.1.]. Supplemental material (SM) for each chapter are available to re-create all examples and figures, and to solve the exercises at the end of each chapter, with relevant datasets provided in an electronic format readable by R. The SM provide (1) datasets as .Rdata files for immediate input into R, (2) datasets as .csv files for input into R or for use with other software programs, (3) R functions that are used in the textbook but not part of a published R package, (4) R scripts to produce virtually all of the figures in the book, and (5) solutions to the exercises as .html and .Rmd files. The suff ...

This is the replication package for the analysis done in the paper "Evolution of statistical analysis in empirical software engineering research: Current state and steps forward" (DOI: https://doi.org/10.1016/j.jss.2019.07.002, preprint: https://arxiv.org/abs/1706.00933).

The package includes CSV files with data on statistical usage extracted from 5 journals in SE (EMSE, IST, JSS, TOSEM, TSE). The data was extracted from papers between 2001 - 2015. The package also contains forms, scripts and figures (generated using the scripts) used in the paper.

The extraction tool mentioned in the paper is available in dockerhub via: https://hub.docker.com/r/robertfeldt/sept

The size and share of the market is categorized based on Application (Statistical analysis tools, Data visualization tools, Predictive analytics software, Data mining tools, Business intelligence tools) and Product (Data analysis, Business insights, Market research, Performance management, Forecasting) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Statistical methods for survival data analysis is a book. It was written by Elisa T. Lee and published by Wiley in 1992.

ITS data collected as part of Comparison of statistical methods used to meta-analyse results from interrupted time series studies: an empirical study. Code used to analyse the ITS studies.

The datasets containing simulation performance results during the current study, in addition to the code to replicate the simulation study in its entirety, are available here. See the README file for a description the Stata do-files, R-script files, tips to run the code, and the performance result dataset dictionaries.

The last decade has seen substantial advances in statistical techniques for the analysis of network data, and a major increase in the frequency with which these tools are used. These techniques are designed to accomplish the same broad goal, statistically valid inference in the presence of highly interdependent relationships, but important differences remain between them. We review three approaches commonly used for inferential network analysis---the Quadratic Assignment Procedure, Exponential Random Graph Model, and Latent Space Network Model---highlighting the strengths and weaknesses of the techniques relative to one another. An illustrative example using climate change policy network data shows that all three network models outperform standard logit estimates on multiple criteria. This paper introduces political scientists to a class of network techniques beyond simple descriptive measures of network structure, and helps researchers choose which model to use in their own research.

This statistic illustrates the share of instruments adopted by small and medium-sized businesses in Italy in 2016. In 2016, only three percent of the respondents reported that there was no data software dedicated solutions because data analysis was outsourced.

dataset and Octave/MatLab codes/scripts for data analysis Background: Methods for p-value correction are criticized for either increasing Type II error or improperly reducing Type I error. This problem is worse when dealing with thousands or even hundreds of paired comparisons between waves or images which are performed point-to-point. This text considers patterns in probability vectors resulting from multiple point-to-point comparisons between two event-related potentials (ERP) waves (mass univariate analysis) to correct p-values, where clusters of signiticant p-values may indicate true H0 rejection. New method: We used ERP data from normal subjects and other ones with attention deficit hyperactivity disorder (ADHD) under a cued forced two-choice test to study attention. The decimal logarithm of the p-vector (p') was convolved with a Gaussian window whose length was set as the shortest lag above which autocorrelation of each ERP wave may be assumed to have vanished. To verify the reliability of the present correction method, we realized Monte-Carlo simulations (MC) to (1) evaluate confidence intervals of rejected and non-rejected areas of our data, (2) to evaluate differences between corrected and uncorrected p-vectors or simulated ones in terms of distribution of significant p-values, and (3) to empirically verify rate of type-I error (comparing 10,000 pairs of mixed samples whit control and ADHD subjects). Results: the present method reduced the range of p'-values that did not show covariance with neighbors (type I and also type-II errors). The differences between simulation or raw p-vector and corrected p-vectors were, respectively, minimal and maximal for window length set by autocorrelation in p-vector convolution. Comparison with existing methods: Our method was less conservative while FDR methods rejected basically all significant p-values for Pz and O2 channels. The MC simulations, gold-standard method for error correction, presented 2.78±4.83% of difference (all 20 channels) from p-vector after correction, while difference between raw and corrected p-vector was 5,96±5.00% (p = 0.0003). Conclusion: As a cluster-based correction, the present new method seems to be biological and statistically suitable to correct p-values in mass univariate analysis of ERP waves, which adopts adaptive parameters to set correction.

Exploratory data analysis.

The project added functionality to the Stat-JR, a software environment for promoting interactive complex statistical modelling. For details and free download pages for UK academics, see Related Resources.

When social science researchers wish to carry out research and choose a quantitative approach, they will collect either new data or existing data and perform statistical analysis on this data. In the modern age it has become increasingly important for social science researchers to be trained in quantitative methods and the use of statistical software to analyse datasets and answer research questions. Modern statistical techniques have also become more computational and so there is a desire for software tools that simplify the research process whilst still allowing social scientists access to the most appropriate statistical methods.

In this proposal we build on earlier work where we have prototyped an interactive electronic book (or eBook) system for learning about statistical techniques and performing analysis. An eBook can be thought of as combining the features of a book with those of a statistical package as it contains a mixture of textual information, graphs and tables but also input boxes which when completed write sections of the book conditional on the inputs supplied. We intend to investigate the appropriateness of the new technology and how it may be adapted to be used for various tasks that are commonly performed by social scientists.

Many statistical tools have been developed to aid in the assessment of a numerical model’s quality at reproducing observations. Some of these techniques focus on the identification of events within the data set, times when the observed value is beyond some threshold value that defines it as a value of keen interest. An example of this is whether it will rain, in which events are defined as any precipitation above some defined amount. A method called the sliding threshold of observation for numeric evaluation (STONE) curve sweeps the event definition threshold of both the model output and the observations, resulting in the identification of threshold intervals for which the model does well at sorting the observations into events and nonevents. An excellent data-model comparison will have a smooth STONE curve, but the STONE curve can have wiggles and ripples in it. These features reveal clusters when the model systematically overestimates or underestimates the observations. This study establishes the connection between features in the STONE curve and attributes of the data-model relationship. The method is applied to a space weather example.

This paper is the first of a short series of articles aimed towards describing some of the various statistical methods and approaches that have been used in surface finishing. The methods fall broadly into two areas: analysis and design-of-experiments. This article introduces the subject, briefly reviewing the wide use of a number of experimental design tools in recent surface finishing research before starting with a discussion of parametric hypothesis testing, the simplest of the statistical methods.

Objectives: Demonstrate the application of decision trees—classification and regression trees (CARTs), and their cousins, boosted regression trees (BRTs)—to understand structure in missing data. Setting: Data taken from employees at 3 different industrial sites in Australia. Participants: 7915 observations were included. Materials and methods: The approach was evaluated using an occupational health data set comprising results of questionnaires, medical tests and environmental monitoring. Statistical methods included standard statistical tests and the 'rpart' and 'gbm' packages for CART and BRT analyses, respectively, from the statistical software 'R'. A simulation study was conducted to explore the capability of decision tree models in describing data with missingness artificially introduced. Results: CART and BRT models were effective in highlighting a missingness structure in the data, related to the type of data (medical or environmental), the site in which it was collected, the number of visits, and the presence of extreme values. The simulation study revealed that CART models were able to identify variables and values responsible for inducing missingness. There was greater variation in variable importance for unstructured as compared to structured missingness. Discussion: Both CART and BRT models were effective in describing structural missingness in data. CART models may be preferred over BRT models for exploratory analysis of missing data, and selecting variables important for predicting missingness. BRT models can show how values of other variables influence missingness, which may prove useful for researchers. Conclusions: Researchers are encouraged to use CART and BRT models to explore and understand missing data.