Statistical Software Market Research Report 2021-2031
The statistical software market is expected to register a CAGR of 9.6% during 2023–2031. Integration of AI and machine learning capabilities and the shift towards user-friendly interfaces and data visualization are likely to remain key trends in the market.
Statistical Software Market Analysis
- The use of statistical software is increasing dramatically in the global market. The use of data-driven decisions has been growing among industries of all sizes. Predictive analytics and risk management are the main applications of statistical tools.
- Finance, health care and manufacturing are among the first adopters of these tools. The shift toward cloud solutions is also growing as the software can be scaled and accessed from any location.
- Developed economies have high adoption rates but are quickly being overtaken by emerging markets. There is a danger of misuse of collected data, as well as a shortage of specialist skills but the market still keeps expanding as organizations use data analysis to gain a competitive edge.
Statistical Software Market Overview
- The Global Statistical Software Market is growing rapidly; with the advent of big data, the significance of data analytics in companies across industries is increasing day by day. SAS Institute, IBM, and Stata are some of the key players in this market; however, recently, many players have also entered the market with niche products and solutions.
- The market offers solutions ranging from basic analytical tools to advanced predictive modelling software. North America has the largest market share, whereas the fastest growth rates are seen in Asia-Pacific.
- Cloud-based solutions are gaining popularity, as the cloud allows for quick and flexible adaptation to different demands due to its scalable processing capacity. The market contains many challenges, such as data security, complex analytical tools, and user-friendliness. Moreover, data-driven decisions are becoming increasingly important in business operations. Overall, the outlook for the industry is good, with many opportunities arising.
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Statistical Software Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Statistical Software Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Statistical Software Market Drivers and Opportunities
Increasing Demand for Data-Driven Decision-Making to Favor the Market
- There is a growing trend for data-driven decision-making that is strongly driving growth in the Global Statistical Software Market. Organizations across all sectors started to see value in using data to inform strategy and operations and to do so effectively, they need statistical software tools.
- The surge in demand for statistical software tools is driven by the insights that statistical software provides to businesses for analyzing large sets of structured and unstructured data. Data-driven decision-making helps companies optimize processes, predict market trends, understand customers' behavior, and mitigate risks more effectively to improve operational efficiency, allocate resources smartly and gain competitive advantage.
- As more organizations explore opportunities to leverage their data assets in better decision-making, we are witnessing this market to be pushed by companies into more traditional types of businesses that were less involved in data-driven decisions but are catching up. Furthermore, the growth in data in the digital economy is increasingly pushing the requirement for more complex analytical tools to support decision-making on modelling more complex interdependencies, real-time questions, big data and geographically dispersed sources of information.
- This is likely to continue to be in high demand, stimulating further growth in the statistical software market.
Development of Advanced Predictive Modelling Tools
- Sophisticated predictive modelling tools are empowering the Global Statistical Software Market by offering more powerful artificial intelligence and machine learning features for data sets, enabling statistical software providers to drive revenues higher through more data-driven decision systems.
- New possibilities continue to show the way forward as companies strive to stay ahead of the competition through predictive abilities for markets, customers and more. Companies across all industries are racing with their competitors to be the first to predict shifting markets, customer needs, and potential risks.
- Software with advanced predictive modelling capabilities greatly helps give everyone the edge, and decision systems driven by predictive modelling will increasingly be used to identify new revenue streams and develop new products, among other benefits. Already heightened demand from this trend is evident in financial services, healthcare and retail, just to name a few.
- If accurate predictions in areas like finance, healthcare and retail are the key to business success, then investment in data-driven decision systems will likely rapidly expand the global market for advanced predictive modelling tools.
Statistical Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the statistical software market analysis are deployment type and enterprise size.
- Based on deployment type, the statistical software market is divided into on-premise and cloud.
- Based on the enterprise size, the statistical software market is divided into small and medium-sized enterprises and large enterprises.
Statistical Software Market Share Analysis by Geography
- Statistical Software Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Statistical Software market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Statistical Software market in these regions.
Statistical Software Market Report Scope
Statistical Software Market News and Recent Developments
The statistical software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the statistical software market are listed below:
- SAS Clinical Acceleration Repository, a secure, cloud-native data repository with robust audit and administration capabilities, is now available to help drive innovation for life sciences and health organizations. The analytics platform manages clinical research data, integrates with various data sources, improves clinical trial development and accelerates the path to regulatory submission. (Source: SAS, Press Release, June 2024)
Statistical Software Market Report Coverage and Deliverables
The “Statistical Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Statistical software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Statistical software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Statistical software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the statistical software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global Statistical Software market is expected to grow at a CAGR of 9.6% during the forecast period 2023 - 2031.
Growing adoption of big data analytics and expansion of cloud-based statistical software solutions are expected to drive the statistical software market.
Integration of AI and machine learning capabilities and the shift towards user-friendly interfaces and data visualization are likely to remain key trends in the market.
The leading players operating in the statistical software market are StataCorp LLC, MaxStat Software, SAS Institute, The MathWorks, SAP, IBM, IHS Markit, TIBCO Software, Minitab LLC, and Systat Software, Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Statistical Software Market - By Deployment Type
1.3.2 Statistical Software Market - By Enterprise Size
1.3.3 Statistical Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STATISTICAL SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. STATISTICAL SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. STATISTICAL SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. STATISTICAL SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. STATISTICAL SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STATISTICAL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
7.1. OVERVIEW
7.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ON-PREMISE
7.3.1. Overview
7.3.2. On-premise Market Forecast and Analysis
7.4. CLOUD
7.4.1. Overview
7.4.2. Cloud Market Forecast and Analysis
8. STATISTICAL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM-SIZED ENTERPRISES
8.3.1. Overview
8.3.2. Small and Medium-sized Enterprises Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. STATISTICAL SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Statistical Software Market Overview
9.1.2 North America Statistical Software Market Forecasts and Analysis
9.1.3 North America Statistical Software Market Forecasts and Analysis - By Deployment Type
9.1.4 North America Statistical Software Market Forecasts and Analysis - By Enterprise Size
9.1.5 North America Statistical Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Statistical Software Market
9.1.5.1.1 United States Statistical Software Market by Deployment Type
9.1.5.1.2 United States Statistical Software Market by Enterprise Size
9.1.5.2 Canada Statistical Software Market
9.1.5.2.1 Canada Statistical Software Market by Deployment Type
9.1.5.2.2 Canada Statistical Software Market by Enterprise Size
9.1.5.3 Mexico Statistical Software Market
9.1.5.3.1 Mexico Statistical Software Market by Deployment Type
9.1.5.3.2 Mexico Statistical Software Market by Enterprise Size
9.2. EUROPE
9.2.1 Europe Statistical Software Market Overview
9.2.2 Europe Statistical Software Market Forecasts and Analysis
9.2.3 Europe Statistical Software Market Forecasts and Analysis - By Deployment Type
9.2.4 Europe Statistical Software Market Forecasts and Analysis - By Enterprise Size
9.2.5 Europe Statistical Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Statistical Software Market
9.2.5.1.1 Germany Statistical Software Market by Deployment Type
9.2.5.1.2 Germany Statistical Software Market by Enterprise Size
9.2.5.2 France Statistical Software Market
9.2.5.2.1 France Statistical Software Market by Deployment Type
9.2.5.2.2 France Statistical Software Market by Enterprise Size
9.2.5.3 Italy Statistical Software Market
9.2.5.3.1 Italy Statistical Software Market by Deployment Type
9.2.5.3.2 Italy Statistical Software Market by Enterprise Size
9.2.5.4 United Kingdom Statistical Software Market
9.2.5.4.1 United Kingdom Statistical Software Market by Deployment Type
9.2.5.4.2 United Kingdom Statistical Software Market by Enterprise Size
9.2.5.5 Russia Statistical Software Market
9.2.5.5.1 Russia Statistical Software Market by Deployment Type
9.2.5.5.2 Russia Statistical Software Market by Enterprise Size
9.2.5.6 Rest of Europe Statistical Software Market
9.2.5.6.1 Rest of Europe Statistical Software Market by Deployment Type
9.2.5.6.2 Rest of Europe Statistical Software Market by Enterprise Size
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Statistical Software Market Overview
9.3.2 Asia-Pacific Statistical Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Statistical Software Market Forecasts and Analysis - By Deployment Type
9.3.4 Asia-Pacific Statistical Software Market Forecasts and Analysis - By Enterprise Size
9.3.5 Asia-Pacific Statistical Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Statistical Software Market
9.3.5.1.1 Australia Statistical Software Market by Deployment Type
9.3.5.1.2 Australia Statistical Software Market by Enterprise Size
9.3.5.2 China Statistical Software Market
9.3.5.2.1 China Statistical Software Market by Deployment Type
9.3.5.2.2 China Statistical Software Market by Enterprise Size
9.3.5.3 India Statistical Software Market
9.3.5.3.1 India Statistical Software Market by Deployment Type
9.3.5.3.2 India Statistical Software Market by Enterprise Size
9.3.5.4 Japan Statistical Software Market
9.3.5.4.1 Japan Statistical Software Market by Deployment Type
9.3.5.4.2 Japan Statistical Software Market by Enterprise Size
9.3.5.5 South Korea Statistical Software Market
9.3.5.5.1 South Korea Statistical Software Market by Deployment Type
9.3.5.5.2 South Korea Statistical Software Market by Enterprise Size
9.3.5.6 Rest of Asia-Pacific Statistical Software Market
9.3.5.6.1 Rest of Asia-Pacific Statistical Software Market by Deployment Type
9.3.5.6.2 Rest of Asia-Pacific Statistical Software Market by Enterprise Size
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Statistical Software Market Overview
9.4.2 Middle East and Africa Statistical Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Statistical Software Market Forecasts and Analysis - By Deployment Type
9.4.4 Middle East and Africa Statistical Software Market Forecasts and Analysis - By Enterprise Size
9.4.5 Middle East and Africa Statistical Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Statistical Software Market
9.4.5.1.1 South Africa Statistical Software Market by Deployment Type
9.4.5.1.2 South Africa Statistical Software Market by Enterprise Size
9.4.5.2 Saudi Arabia Statistical Software Market
9.4.5.2.1 Saudi Arabia Statistical Software Market by Deployment Type
9.4.5.2.2 Saudi Arabia Statistical Software Market by Enterprise Size
9.4.5.3 Rest of Middle East and Africa Statistical Software Market
9.4.5.3.1 Rest of Middle East and Africa Statistical Software Market by Deployment Type
9.4.5.3.2 Rest of Middle East and Africa Statistical Software Market by Enterprise Size
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Statistical Software Market Overview
9.5.2 South and Central America Statistical Software Market Forecasts and Analysis
9.5.3 South and Central America Statistical Software Market Forecasts and Analysis - By Deployment Type
9.5.4 South and Central America Statistical Software Market Forecasts and Analysis - By Enterprise Size
9.5.5 South and Central America Statistical Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Statistical Software Market
9.5.5.1.1 Brazil Statistical Software Market by Deployment Type
9.5.5.1.2 Brazil Statistical Software Market by Enterprise Size
9.5.5.2 Argentina Statistical Software Market
9.5.5.2.1 Argentina Statistical Software Market by Deployment Type
9.5.5.2.2 Argentina Statistical Software Market by Enterprise Size
9.5.5.3 Rest of South and Central America Statistical Software Market
9.5.5.3.1 Rest of South and Central America Statistical Software Market by Deployment Type
9.5.5.3.2 Rest of South and Central America Statistical Software Market by Enterprise Size
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. STATISTICAL SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. ADDINSOFT
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. IBM CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MAXSTAT SOFTWARE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MINITAB, LLC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NCSS, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. QLIKTECH INTERNATIONAL AB
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAS INSTITUTE INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STATACORP LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYSTAT SOFTWARE, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE MATHWORKS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Addinsoft
2. IBM Corporation
3. MaxStat Software
4. Minitab, LLC.
5. NCSS, LLC
6. QlikTech International AB
7. SAS Institute Inc.
8. StataCorp LLC
9. Systat Software, Inc
10. The MathWorks, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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