Predictive Analytics Market
Global Predictive Analytics Market Size, Share & Trends Analysis Report by Deployment Mode (Cloud, and On-Premises), by Organization Size (Large Enterprises, and Small And Medium-Sized Enterprises), and by Verticals (BFSI, Manufacturing, Retail & E-Commerce, Government & Defense, Healthcare & Life Sciences, Energy & Utilities, Telecommunications & IT, Transportation & Logistics, and Media & Entertainment) Forecast 2022-2028 Update Available - Forecast 2024-2030
The global predictive analytics market is anticipated to grow at a significant CAGR of around 21.3% during the forecast period. The emergence of modern technologies such as IoT and AI is the key factor that drives the global predictive analytics market. IoT environment is increasing the adoption of predictive analytics, as it facilitates predictive maintenance leading to enhanced energy efficiency and higher levels of production uptime. In addition, numerous industries are demanding a solution that can predict when their machines are going to get damaged. They are implementing sensors that can analyze the patterns and predict the outcome of any anomaly in the operation of machines. This as a result enables industries to reduce the downtime of the machine and increase productivity. This benefit is expected to boost the growth of predictive analytics during the forecast period.
Impact of COVID-19 Pandemic on Global Predictive Analytics Market
COVID-19 pandemic has has a substantial impact on many sectors such as healthcare & life sciences and BFSI. The healthcare vertical has utilized big data and predictive analytics tools to better understand the virus and its spread. Predictive analytics has assisted researchers around the world to increase predictive analytics models that can trace COVID-19 surges in different countries. Furthermore, new practices, such as work-from-home and social distancing, have led to the requirement of remote health monitoring of patients and smart payment technologies, as well as the development of digital infrastructures for large-scale technology deployments.
Segmental Outlook
The global predictive analytics market is segmented based on the deployment mode, organization size and verticals. Based on the deployment mode, the market is segmented into cloud, and on-premises. Based on the organization size, the market is sub-segmented into the large enterprises, and small-medium-sized enterprises. Based on the verticals, the market is sub-segmented into the BFSI, manufacturing, retail & e-commerce, government & defense, healthcare & life sciences, energy & utilities, telecommunications & IT, transportation & logistics, and media & entertainment. Among these, the cloud-based predictive maintenance, solutions are expected to grow during the forecast period due to easy maintenance of generated data, cost-effectiveness, scalability, and effective management.
Global Predictive Analytics Market Share by BFSI, 2021 (%)
BFSI Segment is Expected to Holds the Prominent Share in the Global Predictive Analytics Market
BFSI vertical is expected to register the largest market share during the forecast period due to significant financial data sensitivity and the need to coordinate with numerous other sectors, such as stock exchanges, tax authorities, central banks, securities controlling authorities, and revenue departments. The exposure of predictive analytics in finance has involved the development of predictive analytics solutions capable of handling it in real-time. Furthermore, predictive analytics in BFSI facilitates capital planning, financial analytics, credit risk management, and insurance risk management, which further fuel the growth of this segment.
Regional Outlooks
The global predictive analytics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. North America is expected to grow over the forecast period due to growing innovations in techniques and methods involved in the development of predictive analytics solutions are anticipated to be key opportunities for established players.
Global Predictive Analytics Market Growth, by Region 2022-2028
The Asia-Pacific Region Holds the Major Share in the Global Predictive Analytics Market
The Asia Pacific region is expected to be the fastest-growing during the forecast period. The high growth of the regional market can be attributed to the increasing deployment and adoption of advanced predictive analytics solutions. Furthermore, increasing focus and investments made on emerging technologies such as artificial intelligence, IoT, and machine learning are expected to drive the market in the region.
Market Players Outlook
The major companies serving the global predictive analytics market include Altair Engineering, Inc., ALTERYX, Amazon Web Services, Inc. , Cloudera, Inc., Dataiku, Domo, Inc., Google LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2021, the Salesforce unit announced the release of Tableau 2021.2 with a variety of new capabilities designed to support people make smarter and faster decisions based on available data. According to Tableau, the Ask Data feature offers an instinctive and guided way to assemble the queries without complex obstacles. The system uses autocorrect and synonym recognition to assist customers to shape the right type of questions.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global predictive analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Predictive Analytics Market
• Recovery Scenario of Global Predictive Analytics Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Predictive Analytics Market by Deployment Mode
4.1.1. Cloud
4.1.2. On-premises
4.2. Global Predictive Analytics Market by Organization Size
4.2.1. Large enterprises
4.2.2. Small and medium-sized enterprises (SMEs)
4.3. Global Predictive Analytics Market by Verticals
4.3.1. BFSI
4.3.2. Manufacturing
4.3.3. Retail and E-Commerce
4.3.4. Government and Defense
4.3.5. Healthcare and Life Sciences
4.3.6. Energy and Utilities
4.3.7. Telecommunications and IT
4.3.8. Transportation and Logistics
4.3.9. Media and Entertainment
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Altair Engineering, Inc.
6.2. ALTERYX
6.3. Amazon Web Services, Inc.
6.4. Cloudera, Inc.
6.5. Dataiku
6.6. Domo, Inc.
6.7. Google LLC
6.8. Happiest Minds Technologies
6.9. Hewlett Packard Enterprise (HPE) Development LP
6.10. IBM Corp.
6.11. Microsoft Corp.
6.12. Oracle Corp.
6.13. QlikTech International AB
6.14. RapidMiner
6.15. Salesforce
6.16. SAP India Pvt Ltd.
6.17. SAS Institute
6.18. Teradata Corp.
6.19. TIBCO Software Inc.
6.20. Verimos, Inc.
1. GLOBAL PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD BASED PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES BASED PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
5. GLOBAL PREDICTIVE ANALYTICS FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PREDICTIVE ANALYTICS FOR SMALL AND MEDIUM-SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
8. GLOBAL PREDICTIVE ANALYTICS FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PREDICTIVE ANALYTICS FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PREDICTIVE ANALYTICS FOR RETAIL AND E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PREDICTIVE ANALYTICS FOR GOVERNMENT AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PREDICTIVE ANALYTICS FOR HEALTHCARE AND LIFE SCIENCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PREDICTIVE ANALYTICS FOR ENERGY AND UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PREDICTIVE ANALYTICS FOR TELECOMMUNICATIONS AND IT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL PREDICTIVE ANALYTICS FOR TRANSPORTATION AND LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL PREDICTIVE ANALYTICS FOR MEDIA AND ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
22. EUROPEAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
24. EUROPEAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
25. EUROPEAN PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL PREDICTIVE ANALYTICS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PREDICTIVE ANALYTICS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL PREDICTIVE ANALYTICS MARKET, 2022-2028 (%)
4. GLOBAL PREDICTIVE ANALYTICS MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
5. GLOBAL CLOUD BASED PREDICTIVE ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ON-PREMISES BASED PREDICTIVE ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PREDICTIVE ANALYTICS MARKET SHARE BY ORGANIZATION SIZE, 2021 VS 2028 (%)
8. GLOBAL PREDICTIVE ANALYTICS FOR LARGE ENTERPRISES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PREDICTIVE ANALYTICS FOR SMALL AND MEDIUM-SIZED ENTERPRISES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PREDICTIVE ANALYTICS FOR BFSI MARKET SHARE BY VERTICALS, 2021 VS 2028 (%)
11. GLOBAL PREDICTIVE ANALYTICS FOR MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PREDICTIVE ANALYTICS FOR RETAIL AND E-COMMERCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL PREDICTIVE ANALYTICS FOR GOVERNMENT AND DEFENSEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL PREDICTIVE ANALYTICS FOR HEALTHCARE AND LIFE SCIENCES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL PREDICTIVE ANALYTICS FOR ENERGY AND UTILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL PREDICTIVE ANALYTICS FOR TELECOMMUNICATIONS AND IT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL PREDICTIVE ANALYTICS MARKET FOR TRANSPORTATION AND LOGISTICSSHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL PREDICTIVE ANALYTICS MARKET FOR MEDIA AND ENTERTAINMENT SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL PREDICTIVE ANALYTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. US PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
22. UK PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD PREDICTIVE ANALYTICS MARKET SIZE, 2021-2028 ($ MILLION)
