Predictive Analytics Market Growth 2022-2030 Global Industry Research report presents an in-depth analysis of the Predictive Analytics market size, growth, share, segments, manufacturers, and technologies, key trends, market drivers, challenges, standardization, deployment models, opportunities, future roadmap and 2030 forecast.
Global “Predictive Analytics Market“ (2022-2030) report covers a brief overview of the segments and sub-segmentations including the product types, applications, companies and regions. This report describes overall Predictive Analytics Market size by analyzing historical data and future forecast. It also helps in understanding the market status, growth opportunity, prime challenges and provides exhaustive analysis of the industry, profiling of the reputed Predictive Analytics market players, competitor information, which collectively enables in streamlining marketing plan of action, and strategic decision-making.
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Predictive Analytics Market Insight:
Predictive Analytics Market: Market Segments: By Component (Solution and Services); By Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)); By Deployment Model (On-premises and Cloud); By Vertical (BFSI, Retail and eCommerce, Government and defense, Telecommunications and IT, Healthcare, Energy and Utilities and Others); and Region Global Analysis by Market Size, Share and Trends for 2014 2020 and Forecasts to 2030
Product Overview
Predictive analytics is a methodology that analyses both historical and predicted activity as well as patterns. This research is carried out by applying various approaches, such as automatic algorithms for machine learning and statistical analysis. In order to be able to construct predictive models, these activities are carried out. In order to assess (quantitatively) the probability or likelihood of an occurrence happening, these models can then be used.
Market Highlights
Predictive Analytics Market is expected to project a notable CAGR of 24.9% in 2030.
Predictive Analytics Market to surpass USD 23.4 billion by 2030 from USD 6.9 billion in 2019 at a CAGR of 24.9% throughout the forecast period, i.e., 2020-30. The increase in performance, the reduced risks expected to be taken due to the ability to make more well-informed decisions with the aid of predictive analytics and the improvement in customer enhancement are factors that have a positive effect on the market.
Predictive Analytics Market: Segments
Large enterprises segment to grow with the highest CAGR during 2020-30
Predictive Analytics Market is segmented by organization size as SMEs and large enterprises. The greater market share in 2019 was accounted by Large enterprises segment since predictive analytics tools are increasingly being implemented to forecast future patterns by using available historical data. Based on predictive performance, major companies are now planning their potential market plans.
Predictive Analytics Market: Market Dynamics
Drivers
Increasing Adoption of Business Analytics and Business Intelligence
In order to create smarter, real-time, and fact-based decisions, businesses are interested in deriving insights from collected data. The introduction of big data and related technology has accelerated this need for in-depth expertise. The rapid growth in data volume is due to the worldwide expansion of corporations, driving the increase in data volumes and sources. Instead of blended solutions, businesses tend to have standalone solutions. This inevitably raises the number of start-ups in big data analytics, driving notable developments.
Restrain
Scarcity of skilled labor and cost complexity of software
The lack of trained professionals with adequate knowledge of the functioning of predictive analytics which however, restrict market development. For this market, there are several limiting variables that are described as complex analytical workflows and a variety of data models based on business needs. It has a heap of problems to address in order for predictive analysis to work effectively.
Predictive Analytics Market: Key Players
– Alteryx, Inc
– Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
– Fair Isaac Corporation
– Information Builders
– International Business Machines Corporation
– KNIME
– Microsoft Corporation
– Oracle Corporation
– SAP SE
– SAS Institute Inc.
– TIBCO Software Inc
Predictive Analytics Market: Regions
Predictive Analytics Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Predictive Analytics Market in North America held the largest market share of in the year 2019 and it is expected to continue its market dominance in the future owing to technological innovations and a strong presence, particularly in the United States, of market players. In addition, funding given to potential entrants by venture capitalists is expected to alleviate market competition. For existing players, increasing advances in techniques and methods involved in the production of predictive analytics solutions are expected to be key opportunities. Due to the commercialization of IoT technology and the growing adoption of advanced technologies across countries such as China, Japan, and ANZ, the Asia Pacific (APAC) is expected to rise at the highest CAGR during the forecast era. The increased internet penetration in the area offers companies tremendous opportunities to gain insights into consumer tastes, contributing to the adoption of APAC predictive analytics systems.
Predictive Analytics Market report also contains analysis on:
Predictive Analytics Market Segments:
By Component:
– Solutions
– Financial analytics
– Risk analytics
– Marketing analytics
– Sales analytics
– Customer analytics
– Web and social media analytics
– Supply chain analytics
– Network analytics
– Others
– Services
– Managed Services
– Professional Services
– Deployment and Integration
– Consulting
By Deployment mode:
– On-premises
– Cloud
By Organization Size:
– Large Enterprises
– Small and Medium-sized Enterprises (SMEs)
By Vertical:
– BFSI
– Retail and eCommerce
– Manufacturing
– Government and Defense
– Healthcare and Life Sciences
– Energy and Utilities
– Transportation and Logistics
– Telecommunications and IT
– Others
– Predictive Analytics Market Dynamics
– Predictive Analytics Market Size
– Supply and Demand
– Current Trends/Issues/Challenges
– Competition and Companies Involved in the Market
– Value Chain of the Market
– Market Drivers and Restraints
FAQs on Predictive Analytics Market
– Which segment is anticipated to hold the largest market share?
– At what CAGR is the market anticipated to grow between 2020 and 2030?
– Who are the key players in the Predictive Analytics Market?
– What could be the challenging factors in the growth of Predictive Analytics Market?
– What are the growth drivers for the Predictive Analytics Market?
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Market Overview:
The globalPredictive Analyticsmarket size is segmented on the basis of application, end user, and region, with focus on manufacturers in different regions. The study has detailed the analysis of different factors that increase the industries growth. This study also provides the scope of different segments and applications that can potentially influence the industry in the future. Pricing analysis is covered in this report according to each type, manufacturer, regional analysis, price.Predictive AnalyticsMarket Share report provides overview of market value structure, cost drivers, various driving factors and analyse industry atmosphere, then studies global outline of industry size, demand, application, revenue, product, region and segments. In addition, this report introduces market competition situation among the distributers and manufacturers profile, besides, market value analysis and cost chain structure are covered in this report.
ThePredictive Analyticsmarket has witnessed growth from USD milliontill2022. With the CAGR of, this market is estimated to reach USD million in 2030.The report focuses on thePredictive Analyticsmarket size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing thePredictive Analyticsmarket.
Predictive Analytics Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. Predictive Analytics Market Report also mentions market share accrued by each product in the Predictive Analytics market, along with the production growth.
Top countries data covered in this report:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
What our report offers:
- Predictive Analytics Market share assessments for the regional and country-level segments.
- Strategic recommendations for the new entrants.
- Predictive Analytics Market forecasts for all the mentioned segments, sub-segments, and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.
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Table of Content:
1. Executive Summary
2. Predictive Analytics Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
Continued . . .
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