Predictive Analytics Market:
Growth opportunities in the Predictive Analytics Market look promising over the next six years. This is mainly due to their potential to capture interrelation between different factors to evaluate the risk under a specific set of conditions.
Predictive Analytics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the most prominent drivers responsible for the growth of the global predictive analytics market includes its augmenting demand across various enterprises because of the stimulating consciousness concerned with the generated data, which can forecast the future. Moreover, the accelerating penetration of various sophisticated technologies, including artificial intelligence, machine learning, and big data, along with the increasing drift towards digital modification, strengthens the predictive analytics market size. Also, the rising implementation of the internet has raised the volume of data generation, and the expansion in the number of connected devices throughout the world are alluring consumers towards the adoption of predictive analysis, thereby supplementing the market growth. Enormous benefits proffered by them include improving operations, detecting fraudulence activities, optimizing product campaigns, and reducing the risk will further bolster market growth. However, the extending apprehension towards the security of collected data is one of the major factors restraining the market growth.
Organization Size Segment Drivers
Based on the organization size, large enterprises are projected to expand at a higher CAGR over the forecast period. This is mainly attributed to its rising implementation to improve the delivery time of businesses’ services & products and productivity. Furthermore, the intensifying demand to study robust data generated by these corporations is driving market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to witness a faster CAGR during the forecast period. This is primarily because of the aggravating acquisition of these solutions led by the extending recognition of their advantages. Moreover, the elevating acceptance of modernized technologies such as artificial intelligence and machine learning has contributed to market growth.
Predictive Analytics Market’s leading Manufacturers:
- Amazon Web Services, Inc.
- SAS Institute Inc.
- SAP
- IBM
- Teradata
- Hewlett Packard Enterprise Development LP
- Oracle
- com, Inc.
- Microsoft
Predictive Analytics Market Segmentation:
Segmentation by Component
- Solutions
- Risk Analytics
- Financial Analytics
- Sales Analytics
- Marketing Analytics
- Web & Social Media Analytics
- Customer Analytics
- Network Analytics
- Supply Chain Analytics
- Others
- Services
- Professional Services
- Managed Services
Segmentation by Deployment Mode
- On-Premises
- Cloud
Segmentation by Organization Size
- Small & Medium-Sized Enterprises
- Large Enterprises
Segmentation by Vertical
- IT & Telecommunications
- BFSI
- Healthcare & Life Sciences
- Retail & Ecommerce
- Government & Defense
- Manufacturing
- Transportation & Logistics
- Energy & Utilities
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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