Predictive Analytics Market 2023-2028: Growth, Size (US$ 42.4 Billion), Industry Trends, Top Companies, Global Report
IMARC Group, a leading market research company, has recently released a report titled “Predictive Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global predictive analytics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Predictive Analytics Market?
The global predictive analytics market size reached US$ 12.8
Billion in 2022. Looking forward, IMARC Group expects the market to reach US$
42.4 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during
2023-2028.
What are Predictive Analytics?
Predictive analytics encompasses a variety of statistical
and modeling techniques and uses current and historical data to forecast
activity, behavior, and trends. It involves applying data, machine learning,
and algorithms to predict future outcomes based on historical data. In
business, predictive analytics is employed to identify risks and opportunities,
ranging from credit scoring and stock trading to predictive maintenance and
customer relationship management. The accuracy and decision-making capabilities
that predictive analytics provides are integral in fields such as finance,
healthcare, retail, travel, and telecommunications, among others.
Request For a PDF Sample Report: https://www.imarcgroup.com/predictive-analytics-market/requestsample
What are the Growth Prospects and Trends in the
Predictive Analytics Industry?
The market for predictive analytics is witnessing
substantial growth, driven by the increasing availability of big data and the
intensifying need for market competitiveness across various sectors.
Technological advancements in artificial intelligence and machine learning are
augmenting the capabilities of predictive analytics tools, enabling more
accurate and insightful forecasts. Moreover, businesses are harnessing
predictive analytics to gain a competitive edge by optimizing operations,
reducing risks, and personalizing customer experiences. In addition, the
growing prevalence of the Internet of Things (IoT) is generating vast datasets,
which predictive models are using to anticipate maintenance needs and customer
behaviors with unprecedented precision.
Alongside this, the rising emphasis on data-driven
decision-making is prompting organizations to invest heavily in predictive
analytics solutions, thus fueling the expansion of the market. Moreover, the
demand for predictive analytics is being bolstered by the increasing awareness
of its benefits, such as cost reduction, revenue enhancement, and improved
operational efficiency. Furthermore, companies are seeking new ways to innovate
and enhance their operations, the integration of predictive analytics into business
processes is becoming more prevalent, is stimulating the growth of the market
globally.
Who are the Key Players Operating in the Predictive
Analytics Market?
The competitive landscape of the industry has also been
examined with some of the key players.
- International
Business Machines Corporation
- Oracle
Corporation
- SAP SE
- Microsoft
Corporation
- SAS
Institute Inc.
- Fair
Isaac Corporation (FICO)
- NTT
Data Corporation (Nippon Telegraph and Telephone CORPORATION)
- Tableau
Software LLC (Salesforce.com.Inc)
- Tibco
Software Inc.
- RapidMiner
Inc.
- Altair
Engineering Inc
What is Included in Market Segmentation?
The report has categorized the market based on business
function, solution, service, deployment, organization size and end use
industry.
Breakup by Business Function:
- Marketing
- Sales
- Finance
- Human
Resource
- Operations
- Others
Breakup by Solution:
- Customer
Analytics
- Financial
Analytics
- Marketing
and Sales Analytics
- Network
Analytics
- Risk
Analytics
- Supply
Chain Analytics
- Web
and Social Media Analytics
- Operations
Management
- Workforce
Management
- Others
Breakup by Service:
- Deployment/Installation
- Training
and Consulting
- Support
and Maintenance
Breakup by Deployment:
- Cloud-based
- On-premises
Breakup by Organization Size:
- Small
and Medium Enterprises
- Large
Enterprises
Breakup by End Use Industry:
- Banking,
Financial Services and Insurance
- Telecommunication
and IT
- Retail
and E-Commerce
- Healthcare
and Life Science
- Manufacturing
- Government
and Defense
- Energy
and Utility
- Transport
and Logistics
- Media
and Entertainment
- Others
Regional Insights:
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East and Africa
Ask Analyst for Customization and Explore full report
with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2746&flag=C
Key Highlights of The
Report:
- Market
Performance (2017-2022)
- Market
Outlook (2023-2028)
- Market
Trends
- Market
Drivers and Success Factors
- Impact
of COVID-19
- Value
Chain Analysis
- Comprehensive
mapping of the competitive landscape
If you need specific information that is not currently
within the scope of the report, we will provide it to you as a part of the
customization.
About Us:
IMARC Group is a leading market research company that offers
management strategy and market research worldwide. We partner with clients in
all sectors and regions to identify their highest-value opportunities, address
their most critical challenges, and transform their businesses.
IMARC’s information products include major market,
scientific, economic and technological developments for business leaders in
pharmaceutical, industrial, and high technology organizations. Market forecasts
and industry analysis for biotechnology, advanced materials, pharmaceuticals,
food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
Comments
Post a Comment