Predictive Analytics Market Size to Hit US$ 38,038.83 million by 2028 | IBM Corporation,Microsoft Corporation,Oracle Corporation,SAP SE

The latest study released on the Global Predictive Analytics Market by The Insight Partners Research evaluates market size, trend, and forecast to 2028. The Predictive Analytics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

The predictive analytics market size is projected to grow from US$ 12,492.94 million in 2022 to US$ 38,038.83 million by 2028; it is expected to grow at a CAGR of 20.4% from 2022 to 2028.

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Predictive analytics, a branch of advanced analytics, uses historical data combined with statistical modeling, data mining techniques, and machine learning to make predictions about future outcomes. Companies employ predictive analytics to find patterns in their data, which help them identify risks and opportunities. This type of advanced analytics is often associated with Big Data and data science. Managing the data residing in transactional databases, device log files, images, videos, sensors, and other data sources is the major challenge faced by companies these days.

Data scientists use deep learning and machine learning algorithms to find patterns and predict future events for gathering insights from these data. These algorithms include linear and non-linear regression, neural networks, support vector machines, and decision trees. The insights gained through predictive analytics can be further used within prescriptive analytics.

Predictive Analytics Regional Growth- 2022-2028

The report segments the global Predictive Analytics market as follows:

By Component

• Solution
• Service

By Deployment Mode

• On-Premise
• Cloud-Based

By Industry

• IT & Telecom
• BFSI
• Energy & Utilities
• Government and Defence
• Retail and e-Commerce
• Manufacturing

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Predictive Analytics market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Predictive Analytics market segments and regions.

Scope of the Report

The research on the Predictive Analytics market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Predictive Analytics market on the basis of end user, product type, application, and demography for the forecast period 2022-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Predictive Analytics market during the forecast period, i.e., 2022-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.