Global Predictive Analytics Market Growth (Status and Outlook) 2024-2030

Global Predictive Analytics Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Predictive Analytics market size was valued at US$ 5471.2 million in 2023. With growing demand in downstream market, the Predictive Analytics is forecast to a readjusted size of US$ 12850 million by 2030 with a CAGR of 13.0% during review period.

The research report highlights the growth potential of the global Predictive Analytics market. Predictive Analytics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Predictive Analytics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Predictive Analytics market.

Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events. Predictive analytics uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is projected to have the largest market share and is expected to lead the market during the forecast period. The financial organizations, through their credit scoring techniques, try to minimize frauds and risks. Predictive analytics introduces the forward-looking perspectives of businesses to its existing processes.

Key Features:

The report on Predictive Analytics market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Predictive Analytics market. It may include historical data, market segmentation by Type (e.g., Services, Solutions), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Predictive Analytics market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Predictive Analytics market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Predictive Analytics industry. This include advancements in Predictive Analytics technology, Predictive Analytics new entrants, Predictive Analytics new investment, and other innovations that are shaping the future of Predictive Analytics.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Predictive Analytics market. It includes factors influencing customer ' purchasing decisions, preferences for Predictive Analytics product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Predictive Analytics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Predictive Analytics market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Predictive Analytics market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Predictive Analytics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Predictive Analytics market.

Market Segmentation:

Predictive Analytics market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Services
Solutions

Segmentation by application
Retail and E-commerce
Manufacturing
Government and Defense
Healthcare and Life Sciences
Energy and Utilities
Telecommunication and IT
Transportation and Logistics
BFSI
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Oracle
SAP
Microsoft
SAS Institute
Fair Isaac
NTT Data
Tableau Software
Tibco Software
Rapidminer
Angoss Software

Please note: The report will take approximately 2 business days to prepare and deliver.