Several Launches by Key Manufacturers has Propelled the Growth of Global Predictive Analytics Market Globally

Published: Mar 2022

The global predictive analytics market is anticipated to grow at a considerable CAGR of 21.3% during the forecast period (2022-2028). The global predictive analytics market is expected to grow during the forecast period due to the Integration of data from data silos. Data consolidation from distinct data sources into meaningful information can encourage numerous new challenges for organizations, especially centralized business enterprises. Data exchange and data ecosystem deliver tools to analyze the collected data at a centralized location and assist to remove and cross-check business-critical components. Furthermore, the manufacturers are focused on product differentiation to attain a competitive advantage. 

Browse the full report description of “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” at https://www.omrglobal.com/industry-reports/predictive-analytics-market

For instance, in April 2021, Logicserve Digital launched Traffic Cost Predictor (TCP), a unique tool that could uplift media plans with predictive analysis. This tool makes use of historical data from google analytics and monthly spending to predict the results of the media plan. TCP is easy to use and showcases interrelations between different channels too. Currently, the Beta version of TCP is available for free. TCP is completely data-driven and is not based on individual opinions.

Additionally, in April 2021, Minitab, LLC, launched new predictive analytics capabilities and advanced machine learning methods in Minitab statistical software. In addition to Minitab’s classical methods, users can now leverage the power of advanced machine learning methods through clicks by locating Minitab’s new predictive analytics module or code, by integrating with open-source languages R or Python.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Deployment Mode

o By Organization Size

o By Verticals

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including Altair Engineering, Inc., ALTERYX, INC., Amazon Web Services, Inc., Cloudera, Inc., Dataiku, Domo, Inc., Google LLC, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Predictive Analytics Market Report Segment

By Deployment Mode

  • Cloud
  • On-premises

By Organization Size

  • Large enterprises
  • Small and medium-sized enterprises (SMEs)

By Organization Size

  • BFSI
  • Manufacturing
  • Retail and E-Commerce
  • Government and Defense
  • Healthcare and Life Sciences
  • Energy and Utilities
  • Telecommunications and IT
  • Transportation and Logistics
  • Media and Entertainment

Global Predictive Analytics Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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