Global Predictive Analytics Market Size, Trends & Growth Opportunity, By Component (Solution, Services), By Enterprise Size (Large Enterprises, Small & Medium Enterprises (SMEs)), By Deployment Mode (Cloud, On-premises), by Vertical (BFSI, Manufacturing, Retail and e-commerce, Government and Defense, Healthcare and Life Sciences, Energy and Utilities, Telecommunications and IT, Transportation and
Report ID : QR1001259 | Industries : Information and Communication Technology | Published On :October 2021 | Page Count : 234Global Predictive Analytics Market
The global Predictive Analytics market was valued at USD 10500 million in 2020 which expected to reach USD 28100 million by 2027 at a CAGR 21.7% from 2020-2027.
Predictive analytics is the activity of extracting information from current and historical datasets using statistics and modeling approaches in order to forecast likely future outcomes and trends. The industry is growing as companies become more aware of the vast amount of data created and how to use predictive analysis solutions to predict future outcomes.
Market Drivers
Big data and other related technologies are becoming more widely used.
Advanced technologies, such as cloud, IoT, big data and analytics, mobility, and social media, have sparked innovation and transformation in the business environment, resulting in increased revenue. The historical approach to company has been turned into a modern one thanks to digital technologies. According to a blog post published in June 2020 by Usabilla (Netherlands), the top 100 companies are 50 percent more likely to address consumer empowerment as a critical metric for corporate growth. According to the blog, 92 % have used advanced digital transformation tactics to improve their consumers' experience.
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Market Restraints
Changing regional data rules need a lengthy reorganization of predictive models due to predictive analytics gives decision-makers with a clear data interpretation and a bigger picture in order to improve overall business performance. Depending on the amount and nature of the investigation, modifying predictive models allows for integration with both software and services. Professional services are required to customize existing analytics systems that are tailored to specific data sets. Because the concept of predictive analytics is still in its infancy, skilled labor is in short supply. Another key stumbling block to market expansion is this.
Impact of COVID-19
Most businesses are dealing with a growing list of business-critical concerns related to the coronavirus outbreak, including supply chain problems, the possibility of a recession, and a decline in consumer spending. All of these situations will play out differently in different locations and industries, necessitating more complete and reliable market research than ever before.
Market Segmentation
The Global Predictive Analytics Market is segmented into Component, Enterprise Size, Deployment Mode and Vertical. By Component such as Solution, Services. Further, market is segmented into By Enterprise Size such as Large Enterprises, Small & Medium Enterprises (SMEs). By Deployment Mode such as Cloud, On-premises. By Vertical such as 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, Other Verticals
Regional Analysis
Global Predictive Analytics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and is expected to dominate the market during the forecast period North America is predicted to have the highest adoption of predictive analytics solutions. This is owing to the presence of several developed economies, such as Canada and the United States, as well as the concentration on R&D and diverse technology. The largest market for predictive analytics solutions is in North America, which is a hotbed of large-scale data creation.
Key Players
Various key players are listed in this report such as Alteryx, Inc., Fair Isaac Corporation, Information Builders, International Business Machines Corporation, KNIME, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., and TIBCO Software Inc.
Market Taxonomy
By Component
- Solution
- Services
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Deployment Mode
- Cloud
- On-premises
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
- Other Verticals
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Predictive Analytics Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Predictive Analytics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Predictive Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Predictive Analytics Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Predictive Analytics Market Share Analysis, By Component
5.3 Global Predictive Analytics Market Size and Forecast, By Component
5.3.1 Solution
5.3.2 Services
6 Global Predictive Analytics Market, By Enterprise Size
6.1 Y-o-Y Growth Comparison, By Enterprise Size
6.2 Global Predictive Analytics Market Share Analysis, By Enterprise Size
6.3 Global Predictive Analytics Market Size and Forecast, By Enterprise Size
6.3.1 Large Enterprises
6.3.2 Small & Medium Enterprises (SMEs)
7 Global Predictive Analytics Market, By Deployment Mode
7.1 Y-o-Y Growth Comparison, By Deployment Mode
7.2 Global Predictive Analytics Market Share Analysis, By Deployment Mode
7.3 Global Predictive Analytics Market Size and Forecast, By Deployment Mode
7.3.1 Cloud
7.3.2. On-premises
8 Global Predictive Analytics Market, By Vertical
8.1 Y-O-Y Growth Comparison, By Vertical
8.2 Global Predictive Analytics Market Share Analysis, By Vertical
8.3 Global Predictive Analytics Market Size and Forecast, By Vertical
8.3.1 BFSI
8.3.2 Manufacturing
8.3.3 Retail and e-commerce
8.3.4 Government and Defense
8.3.5 Healthcare and Life Sciences
8.3.6 Energy and Utilities
8.3.7 Telecommunications and IT
8.3.8 Transportation and Logistics
8.3.9 Media and Entertainment
8.3.10 Travel and Hospitality
8.3.11 Other Verticals
9 Global Predictive Analytics Market, By Region
9.1 Global Predictive Analytics Market Share Analysis, By Region
9.2 Global Predictive Analytics Market Share Analysis, By Region
9.3 Global Predictive Analytics Market Size and Forecast, By Region
10 North America Predictive Analytics Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Predictive Analytics Market Share Analysis, By Deployment Mode
10.3 North America Predictive Analytics Market Size and Forecast, By Enterprise Size
10.4 North America Predictive Analytics Market Size and Forecast, By Deployment Mode
10.5 North America Predictive Analytics Market Size and Forecast, By Vertical
10.6 North America Predictive Analytics Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Predictive Analytics Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Predictive Analytics Market Share Analysis, By Deployment Mode
11.3 Europe Predictive Analytics Market Size and Forecast, By Enterprise Size
11.4 Europe Predictive Analytics Market Size and Forecast, By Deployment Mode
11.5 Europe Predictive Analytics Market Size and Forecast, By Vertical
11.6 Europe Predictive Analytics Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Predictive Analytics Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Predictive Analytics Market Share Analysis, By Deployment Mode
12.3 Asia Pacific Predictive Analytics Market Size and Forecast, By Enterprise Size
12.4 Asia Pacific Predictive Analytics Market Size and Forecast, By Deployment Mode
12.5 Asia Pacific Predictive Analytics Market Size and Forecast, By Vertical
12.6 Asia Pacific Predictive Analytics Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Predictive Analytics Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Predictive Analytics Market Share Analysis, By Deployment Mode
13.3 Latin America Predictive Analytics Market Size and Forecast, By Enterprise Size
13.4 Latin America Predictive Analytics Market Size and Forecast, By Deployment Mode
13.5 Latin America Predictive Analytics Market Size and Forecast, By Vertical
13.6 Latin America Predictive Analytics Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Predictive Analytics Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Predictive Analytics Market Share Analysis, By Deployment Mode
14.3 Middle East Predictive Analytics Market Size and Forecast, By Enterprise Size
14.4 Middle East Predictive Analytics Market Size and Forecast, By Deployment Mode
14.5 Middle East Predictive Analytics Market Size and Forecast, By Vertical
14.6 Middle East Predictive Analytics Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Alteryx, Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Fair Isaac Corporation
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Information Builders
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 International Business Machines Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 KNIME
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Microsoft Corporation
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Oracle Corporation
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 SAP SE
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 SAS Institute Inc
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 TIBCO Software Inc
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies