Global Predictive Analytics Market 2024-2028

Global Predictive Analytics Market 2024-2028

Global Predictive Analytics Market 2024-2028

The predictive analytics market is forecasted to grow by USD 38645.5 mn during 2023-2028, accelerating at a CAGR of 28.97% during the forecast period. The report on the predictive analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing data generation and advent of big data, growing need to detect fraud and scams, and adoption of analytics to achieve customer centricity.

Technavio's predictive analytics market is segmented as below:

By End-user

• BFSI
• Retail and e-commerce
• Telecom and IT
• Transportation and logistics
• Others

By Deployment

• Cloud-based
• On-premises

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the proliferation of advanced technologies, ai, and iot as one of the prime reasons driving the predictive analytics market growth during the next few years. Also, increasing adoption of real-time data analytics and generation of native machine data will lead to sizable demand in the market.

The report on the predictive analytics market covers the following areas:

• Predictive analytics market sizing
• Predictive analytics market forecast
• Predictive analytics market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading predictive analytics market vendors that include Altair Engineering Inc., Alteryx Inc., Amazon.com Inc., Board International SA, Cloudera Inc., Domo Inc., Fair Isaac Corp., Hewlett Packard Enterprise Co, Hitachi Ltd., International Business Machines Corp., KNIME AG, Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Teradata Corp., and TIBCO Software Inc.. Also, the predictive analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.