Predictive Analytics Market Report 2024: Growth, Trends, Size, Share, Analysis, Forecast 2033

"The new report published by The Business Research Company, titled ""Predictive Analytics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the predictive analytics market size has grown exponentially in recent years. It will grow from $14.19 billion in 2023 to $17.42 billion in 2024 at a compound annual growth rate (CAGR) of 22.8%. The predictive analytics market size is expected to see exponential growth in the next few years. It will grow to $41.44 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=6562&type=smp

Increasing Adoption Of Big Data And Related Technologies Drives Predictive Analytics Market
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 leads to the innovation of new technology. 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, in every passing moment, 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, tens of millions of photos shared. Also, nearly 53% of the 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 predictive analytics market growth.

Rising Cloud Adoption Shapes Predictive Analytics Market
Increasing adoption of cloud is a key trend gaining popularity in the predictive analytics market. Cloud adoption is an important move by organizations for reducing cost, mitigate risk, and to achieve scalability of database capabilities. Cloud adoption is everywhere in the business world acts as a crucial pipeline in digital empowerment, bringing innovation and growth for an enterprise, cloud strategies provide a platform to act as a storage hub and deliver computation. For instance, in November 2021, according to O'Reilly, an American publishing company, 90% of the organization has adopted cloud computing, during last year 88% of the respondent of the survey used cloud, and 75% of the respondents who work in the organization use cloud, more than 50% of the respondent wanted to shift their application to cloud computing, and 20% plan to migrate all their application.

The predictive analytics market covered in this report 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

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6562&type=discount

Major companies operating in the predictive analytics market report are IBM Corporation, Microsoft Corporation, Oracle Corporation,SAP SE,SAS Institute Inc.,Salesforce Inc.,Alteryx Inc.,RapidMiner Inc.,DataRobot Inc.,Domo Inc.,TIBCO Software Inc.,KNIME Inc.,Sisense Inc.,FICO,GoodData,Angoss Software Co., QlikTech Inc.,Rapid Insight Inc.,TARGIT Inc.,Predixion Software Inc.,Information Builders Inc.,Salesforce,Indix Internet India Private Limited, Opera Solutions India Private Limited, SymphonyAI Group,Exago Ventures S. A.,Rapid7 Inc.,Stratifyd Inc.,Thoughtspot India Private Limited,Ayasdi

Contents of the report:
1. Executive Summary
2. Predictive Analytics Market Report Structure
3. Predictive Analytics Market Trends And Strategies
4. Predictive Analytics Market - Macro Economic Scenario
5. Predictive Analytics Market Size And Growth
…..
27. Predictive Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/predictive-analytics-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.