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 report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Competitive Terrain:
The global Predictive Analytics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
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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Additional information offered by the report:
Along with a complete overview of the global Predictive Analytics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Predictive Analytics market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
Solution
Financial Analytics
Risk Analytics
Marketing Analytics
Sales Analytics
Customer Analytics
Web and Social Media Analytics
Supply Chain Analytics
Network Analytics
Services
Professional Service
Consulting
Development and Integration
Support and Maintenance
Managed Services
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
Cloud
On-premises
Radical Highlights of the Predictive Analytics Market Report:
Comprehensive overview of the Predictive Analytics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Predictive Analytics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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