Predictive Analytics Market Size, Share, Growth, Scope, and Forecast 2032
Predictive Analytics Market size was valued at USD 13.5 billion in 2023 and is expected to grow to USD 82.9 billion by 2032 and grow at a CAGR of 22.4 % over the forecast period of 2024-2032.
The Predictive Analytics Market research includes a thorough examination of the industry's top competitors, current market developments, and major trends that drive market growth. The study delves into the primary variables of the worldwide market, such as drivers, challenges, restraints, and upcoming opportunities. The market study contains in-depth information on major end-users as well as a yearly forecast for the forecast period. It also includes annual revenue predictions as well as market sales growth. These projections are required in order to gain insight into the industry's future prospects.
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Predictive Analytics Market Key Players:
Key Service Providers/Manufacturers:
l IBM (IBM Watson Analytics, IBM SPSS Statistics)
l SAS Institute (SAS Visual Analytics, SAS Predictive Analytics)
l Microsoft (Azure Machine Learning, Power BI)
l SAP (SAP Predictive Analytics, SAP HANA)
l Oracle (Oracle Analytics Cloud, Oracle Data Science)
l TIBCO Software (TIBCO Spotfire, TIBCO Data Science)
l RapidMiner (RapidMiner Studio, RapidMiner Server)
l Alteryx (Alteryx Designer, Alteryx Server)
l Tableau (Tableau Desktop, Tableau Online)
l Qlik (Qlik Sense, QlikView)
Key Users of Predictive Analytics Services/Products:
l Amazon
l Netflix
l Walmart
l Procter & Gamble
l Coca-Cola
l American Express
l General Electric
l Bank of America
l UPS
l Delta Airlines
The Predictive Analytics market is experiencing rapid growth as organizations increasingly harness the power of data-driven insights to enhance decision-making and optimize operations. By employing advanced statistical algorithms, machine learning, and data mining techniques, predictive analytics enables businesses to forecast trends, identify potential risks, and uncover hidden opportunities across various domains, including finance, marketing, healthcare, and supply chain management.
Market Segmentation
By Component
l Solutions
² Financial Analytics
² Risk Analytics
² Marketing Analytics
² Sales Analytics
² Customer Analytics
² Web and Social Media Analytics
² Supply chain Analytics
² Network Analytics
Services
² Professional Services
1. Consulting
2. Deployment and Integration
3. Support and Maintenance
² Managed Services
By Deployment Mode
l Cloud
l On-premise
By Enterprise Type
l Large Enterprises
l Small and Medium Enterprises (SMEs)
By Application
l Demand Forecasting
l Financial Risk Forecasting
l Pricing Personalization
l Predictive Maintenance
l Others
By End-user
l BFSI
l Automotive
l Telecom/Media
l Healthcare
l Life Sciences
l Retail
l Energy & Utility
l Government
l Others
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The Predictive Analytics Market research comprises key driving variables as well as main roadblocks and inhibiting factors that stymie market growth. The study aids existing firms and start-ups in formulating strategies to overcome obstacles and profit on attractive worldwide market prospects. The forecasts are based on in-depth analysis of the market's geography and are provided by market experts.
The study is based on a comprehensive examination of the entire Predictive Analytics Market, including all of its sub-segments, utilizing particular classifications. Accurate research and assessment are developed from premium primary and secondary information sources with input from industry professionals across the value chain. The research focuses on upstream raw materials, downstream customer surveys, marketing channels, and industry development trends, as well as important manufacturing equipment suppliers, raw materials suppliers, significant distributors, and large consumers.
Competitive Scenario
The Predictive Analytics Market research examines the market's most prominent rivals in great detail. A complete financial analysis, corporate strategy, a SWOT analysis, a business overview, and information on recently announced products and services are also included. Market expansion, mergers and acquisitions, and partnerships and collaborations are among the current market trends covered in the report.
A market overview, as well as a SWOT analysis of the major market players, as well as their financial analysis, business overview, and service portfolio analysis, are all included in the Predictive Analytics Market study. The study looks at the most recent developments in the industry, such as joint ventures, expansion, and new product introductions. This study assists players in estimating the long-term profitability of the market.
Key Highlights of Predictive Analytics Market Report
• A complete assessment of the determinants of the Predictive Analytics Market, as well as future prospects and challenges.
• A thorough examination of each segment, including an examination of the segment's driving forces and growth rates.
• An in-depth market study that includes recent market trends as well as forecasts for the next several years to help you make an informed decision.
• A detailed study of the market across geographies that enables industry participants to take advantage of market possibilities.
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