Global Predictive Analytics Market Size 2024, Forecast To 2033
23 Feb, 2024
The predictive analytics market has seen exponential growth, surging from $14.19 billion in 2023 to $17.42 billion in 2024, with a 22.8% CAGR. This growth is driven by factors like business process optimization and healthcare outcome improvement. Moving forward, the market is expected to reach $41.44 billion in 2028, with a 24.2% CAGR, fueled by customization and scalability, energy consumption optimization, and enhanced fraud detection.
Global Predictive Analytics Market Key Driver
The predictive analytics market is poised for growth with the rising adoption of big data and related technologies. The exponential growth in data creation, coupled with the adoption of big data analytics, drives the innovation of new technologies, including predictive analytics. As companies increasingly embrace big data, the predictive analytics market is expected to witness substantial growth.
Get A Free Sample Of The Global Predictive Analytics Market ReportGlobal Predictive Analytics Market Segments
The predictive analytics market covered in this report is segmented –
1)By Component: Solutions, Services
2)By Deployment Mode: Cloud, On-Premises
3)By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4)By Vertical: BFSI, Manufacturing, Retail And Ecommerce, Government And Defense, Healthcare And Life Sciences, Energy And Utilities, Telecommunications And IT, Transportation And Logistics, Media And Entertainment, Travel And Hospitality
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the predictive analytics market in 2023. The regions covered in the predictive analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Predictive Analytics Industry Players
IBM Corporation; Microsoft Corporation; Oracle Corporation;SAP SE;SAS Institute Inc.;Salesforce Inc.;Alteryx Inc.;RapidMiner Inc.;DataRobot Inc.;Domo Inc.;TIBCO Software Inc.;KNIME Inc.;Sisense Inc.;FICO;GoodData;Angoss Software Co.; QlikTech Inc.;Rapid Insight Inc.;TARGIT Inc.;Predixion Software Inc.;Information Builders Inc.;Salesforce;Indix Internet India Private Limited; Opera Solutions India Private Limited; SymphonyAI Group;Exago Ventures S. A.;Rapid7 Inc.;Stratifyd Inc.;Thoughtspot India Private Limited;Ayasdi
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Predictive Analytics Market Overview
Predictive analytics refers to the use of statistics and modelling techniques based on current and historical data to determine future performance and make predictions about future outcomes. Predictive analytics are used to determine customer response to promote cross-sell opportunities and purchases.
Predictive Analytics Global Market Report 2023 provides data on the global predictive analytics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The predictive analytics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.