Predictive Analytics Global Market Size, Share, Industry Analysis, Growth, Trends, By Component, By Deployment, By Organization Size, By Vertical, Regional Outlook And Forecast 2022-2031

The global predictive analytics market report by the business research company identifies the rising adoption of big data and other related technologies is expected to drive the growth of the predictive analytics market. "Big data" refers to the data management system that is used to input more data during the processing of large data sets. The rise in the adoption of big data-related technologies in many industries has led to the innovation of new technologies. Some of the new technologies used in predictive analytics are edge computing, streaming analytics, artificial intelligence, in-memory databases, data lakes, and blockchain. For instance, in March 2021, according to Fusion Alliance, a US-based website designer, the pace of data creation continues to compound, with more than 200 million emails sent, millions of dollars in e-commerce transacted, 50 hours of YouTube videos uploaded, millions of Google searches launched, and tens of millions of photos shared. Also, nearly 53% of companies are adopting big data analytics, according to a study by Dresner Advisory Services in 2022. Therefore, the rising adoption of big data and other related technologies is expected to drive the growth of the predictive analytics market.

The global predictive analytics market size is expected to grow from $9.53 billion in 2021 to $11.82 billion in 2022 at a compound annual growth rate (CAGR) of 24.00%. The global predictive analytics market size is expected to reach $27.31 billion in 2026 at a compound annual growth rate (CAGR) of 23.30%.

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North America was the largest region in the global predictive analytics market in 2021. The regions covered in the global predictive analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the predictive analytics market are IBM, Microsoft, Oracle, SAP, SAS Institute, Google, Salesforce, Alteryx, FICO, AWS, HPE, Teradata, Altair, Domo, Cloudera, Board International, TIBCO Software, Hitachi Vantara, Qlik, Happiest Minds, Dataiku, RapidMiner, Aito.Ai, Symend, Unioncrate, Actify Data Labs, and Information Builders.

The global predictive analytics market 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

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The Predictive Analytics Market Report Contents Include
1. Executive Summary
2. Predictive Analytics Market Characteristics
3. Predictive Analytics Market Trends And Strategies
4. Impact Of COVID-19 On Predictive Analytics
5. Predictive Analytics Market Size And Growth
.....
26. Africa Predictive Analytics Market
27. Predictive Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Predictive Analytics Market
29. Predictive Analytics Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the predictive analytics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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