Press release
Predictive Analytics Market, valued at USD 9.69 Bn in 2021, is expected to reach USD 98.24 Bn by 2029, with a remarkable CAGR of 33.57 percent during the forecast period
Predictive Analytics Market
The report covers the Predictive Analytics Market trends and projections from 2016 to 2029, considering 2021 as the base year. The impact of the COVID-19 pandemic and the subsequent lockdowns on the market has been thoroughly examined, including the analysis of companies that performed well during the pandemic. The market is segmented based on deployment model (cloud-based and on-premises) and verticals (actuarial science, BFSI, healthcare, government, retail, manufacturing, transportation & travel, IT, entertainment, sports, and energy & utilities).
The report presents a comprehensive analysis of the Predictive Analytics Market based on a rigorous research methodology. Primary and secondary research methods were employed to collect data and gain valuable insights. Interviews with industry experts, market players, and consumers were conducted to gather qualitative and quantitative information. Advanced analytical tools and techniques were used to analyze the data and provide accurate market assessments and forecasts.
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Predictive Analytics Market Dynamics:
The Predictive Analytics Market is driven by the increasing dependence on data and advancements in technology. Organizations recognize the importance of data analysis for predicting future scenarios, giving them a competitive edge. Improved product usability, adoption of new technologies, the proliferation of data, and innovative differentiators are major drivers for market growth. The demand for predictive analytics is fueled by applications such as forecasting, data mining, CRM analytics, logistics, decision-making processes, and data visualization.
The time-consuming nature of analysis and a lack of awareness and qualified professionals are limiting the market growth. However, the adoption of cloud technology and the application of predictive analytics in small and medium-sized businesses present significant growth opportunities.
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Predictive Analytics Market Regional Insights:
The region dominates the global Predictive Analytics Market, with a focus on technological advancements and a large number of players, particularly in the United States. Financial funding from venture capitalists to new entrants is expected to increase competition in the market. Innovations in predictive analytics techniques and methods pose major opportunities for established players.
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Predictive Analytics Market Segmentation
By Type:
• Solution
• Services
By Deployment Type:
• Cloud Based
• On-Premises
By Business Function:
• Marketing
• Sales
• Finance
• Human resource
• Operations
By Application Model:
• Risk Management
• Operations Management
• Sales & Marketing Management
• Network Management
• Supply Chain Management
• Workforce Management
• Other Applications
By Organization Size:
• Small & Medium Enterprises (SME's)
• Large Enterprises
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Predictive Analytics Market Key Competitors include:
• Accretive Technologies Inc.
• Angoss Software Corporation
• FICO
• HP
• IBM
• Information Builders
• KXEN Inc.
• Microsoft
• Oracle
• Salford Systems
• lteryx
• AgilOne
• Domino Data lab
• Dataiku
• Exago
• GoodData
• Kognitio
• KNIME.COM
• MicroStrategy
• NTT Data
• Predixion Software
• RapidMiner
• QlikTech
• Sisense
• SAP
• SAS Institute
• Tableau Software
• TIBCO
• Teradata
Table of Content for Predictive Analytics Market
1. Global Predictive Analytics Market: Research Methodology
2. Global Predictive Analytics Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Predictive Analytics Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Predictive Analytics Market Segmentation
• Global Market, by Type (2021-2029)
• Global Market, by Deployment Type (2021-2029)
• Global Market, by Business Function (2021-2029)
• Global Market, by Application Model (2021-2029)
• Global Market, by Organization Size (2021-2029)
5. Regional Predictive Analytics Market (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Deployment Type (2021-2029)
• Regional Market, by Business Function (2021-2029)
• Regional Market, by Application Model (2021-2029)
• Regional Market, by Organization Size (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Type, Deployment Type, Business Function, Application Model and Organization Size
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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