Predictive analytics is the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. The global predictive analytics market size is expected to reach USD 91.34 Billion in 2032 and is expected to register steady revenue CAGR of 21.6% during the forecast period according to the latest analysis by Emergen Research. The global predictive analytics market is expected to grow at a significant rate over the forecast period, driven by increasing adoption of predictive analytics in various industries such as healthcare, banking, and retail, rising demand for real-time analytics, and the availability of advanced analytics tools and platforms.

One of the major drivers of the predictive analytics market is the increasing adoption of predictive analytics in various industries such as healthcare, banking, and retail. Predictive analytics is used in healthcare to identify high-risk patients and develop targeted interventions to prevent chronic diseases. In banking, predictive analytics is used to identify fraudulent activities and reduce financial losses. In retail, predictive analytics is used to forecast demand, optimize pricing, and personalize customer experiences.

The rising demand for real-time analytics is also expected to drive market growth. Real-time analytics provides instant insights into data and enables organizations to make informed decisions quickly. This is particularly important in industries such as finance and healthcare, where real-time insights can make a significant difference in patient outcomes and financial performance.

The Predictive Analytics Market report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Predictive Analytics market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Predictive Analytics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

ALTERYX, INC., Fico, IBM, KNIME, Microsoft Corporation, Oracle Corporation, SAP, SAS Institute INC., B M Corporation, and TABLEAU SOFTWARE, LLC 

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Emergen Research has segmented the global Predictive Analytics market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019-2032)

    • Solution
      1. Financial Analytics
      2. Risk Analytics
      3. Marketing Analytics
      4. Sales Analytics
      5. Customer Analytics
      6. Web and Social Media Analytics
      7. Supply Chain Analytics
      8. Network Analytics
    • Services
      1. Professional Service
        1. Consulting
        2. Development and Integration
        3. Support and Maintenance
      2. Managed Services

  • Verticals Outlook (Revenue, USD Billion; 2019-2032)

    • BFSI
    • Manufacturing
    • Retail and e-commerce
    • Government and Defense
    • Healthcare and Life Sciences
    • Energy and Utilities
    • Telecommunication and IT
    • Transportation and Logistics
    • Media and Entertainment
    • Travel and Hospitality
    • Other Verticals

  • Deployment Mode Outlook (Revenue, USD Billion; 2019-2032)

    • Cloud
    • On-premises

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Predictive Analytics Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Predictive Analytics Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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