Key Influencer in the Predictive Analytics Market 2025: Increasing Adoption Of Big Data And Related Technologies Drives Predictive Analytics Market Driver

"What market dynamics are playing a key role in accelerating the growth of the predictive analytics market?
The predictive analytics market is poised to grow, driven by the increased use of big data and associated technologies. Big data is a data management system that facilitates the processing of large data sets by accommodating more data. The implementation of big data-related innovations across various sectors is sparking the creation of new technology. Predictive analytics now employs technologies such as edge computing, streaming analytics, artificial intelligence, in-memory databases, data lakes, and blockchain. For example, as per the CBI report in April 2024, The Ministry of Foreign affairs of Netherland stated the big data market was worth EUR 73.37 billion in Europe in 2022. Moreover, the European big data market is foreseen to witness a compound annual growth rate (CAGR) of 7.7% from 2023-2029. Hence, the elevated adoption of big data and linked technologies can be projected to fuel the expansion of the predictive analytics market.

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How will the growth rate of the predictive analytics market shape industry trends by 2034?
The size of the predictive analytics market has experienced significant expansion in the past few years. Projections show that it will rise from the 2024 figure of $17.07 billion to reach $20.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 21.6%. Various factors, such as the optimization of business processes, increasing market rivalry and dynamics, emphasis on customer relationship management, improvements in healthcare outcomes, and the detection and management of risk and fraud, have contributed to this growth in the historical period.

An anticipated significant expansion is foreseen in the predictive analytics market size in the coming years, surging to a value of $52.91 billion in 2029 with a compound annual growth rate (CAGR) of 26.3%. The anticipated surge throughout the forecast timeframe is linked to facets such as customization and scalability, the optimization of energy consumption, automation of regulatory compliance, constantly monitoring model performance, and human resources and talent analytics. Key trends during the expected growth period involve augmented usage across various industries, emphasis on sophisticated machine learning models, rapid enlargement of big data, application of explainable ai for increased transparency, improved fraud detection and cybersecurity, and ethical and responsible ai practices.

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What trends are poised to drive the future success of the predictive analytics market?
The rising use of cloud technology is a crucial trend emerging in the predictive analytics market. Businesses are turning to cloud adoption for reasons such as cost reduction, risk mitigation, and enhancing the scalability of database features. The pervasiveness of cloud adoption in the corporate landscape serves as a key conduit for digital enablement, sparking innovation and growth within an organization. Cloud strategies fulfil the role of a storage hub and a source of computational power. For example, Google LLC, an American IT firm, reported in January 2023 that public cloud usage rose to 76% in 2022 - a 56% increase from 2021.

Which primary segments of the predictive analytics market are driving growth and industry transformations?
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

Subsegments:
1) By Solutions: Predictive Modeling Tools, Data Mining Tools, Statistical Analysis Software, Machine Learning Platforms, Visualization Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Maintenance And Optimization Services

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Which geographical regions are pioneering growth in the predictive analytics market?
North America was the largest region in the predictive analytics market in 2024. The regions covered in the predictive analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the influential players reshaping the predictive analytics market landscape?
Major companies operating in the predictive analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation,SAP SE,SAS Institute 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., Opera Solutions India Private Limited, SymphonyAI Group,Exago Ventures S. A.,Rapid7 Inc.,Stratifyd Inc.,Thoughtspot India Private Limited,Ayasdi

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What Is Covered In The Predictive Analytics Global Market Report?

•Market Size Forecast: Examine the predictive analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the predictive analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the predictive analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the predictive analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the predictive analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the predictive analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the predictive analytics market.
•Competitive Landscape: Review strategic developments in the predictive analytics market, including expansions, agreements, and new product launches.

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