Predictive Analytics Market size was valued at USD 17.12 Billion in 2023 and is poised to grow from USD 20.41 Billion in 2024 to USD 100.13 Billion by 2032, growing at a CAGR of 19.2% during the forecast period (2025-2032).
The Research report on Predictive Analytics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Component
Service (Managed Services and Professional Services [Consulting, Deployment& Installation and Support & Maintenance]), Solution ( Customer Analytics [Customer Segmentation & Clustering, Customer Behavior Analysis, Monitoring Customer Loyalty & Satisfaction and Other], Financial Analytics [Fraud detection, Profitability Management, Governance Risk & Compliance Management and Other], Risk Analytics [Cyber risk management, Operational risk management, Credit and market risk management and Other], Marketing Analytics [Predictive Modeling, Yield Management, Product & Service Development Strategies and Other], Sales Analytics [Sales Life Cycle Management, Sales Rep Efficiency Management and Other], Network Analytics[Intelligent Network Optimization, Traffic Management and Other], Supply Chain Analytics [Distribution and logistics optimization, Inventory management, Manufacturing analysis and Other], Web & Social Media Analytics [Social Media Management, Search Engine Optimization, Performance Monitoring and Competitor Benchmarking], and Others)
Deployment Type
Cloud and On-premise
Enterprise Size
Small & Medium Enterprises and Large Enterprises
End-User
Government & Defens e, Manufacturing, Transportation & Logistics, BFSI, Healthcare & Life science, Travel & Hospitality, Energy & Utilities, IT & Telecommunication, Media & Entertainment, Retail & E-commerce and Others
Service
Training and Consulting, Service
Market Dynamics
The exponential growth of data generated by businesses across industries is driving the demand for predictive analytics. Organizations are using big data to predict trends, improve operations and make informed decisions, fueling the growth of the predictive analytics market.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
SAS Institute (US)
Google (US)
Salesforce (US)
Amazon Web Services (AWS) (US)
Hewlett Packard Enterprise (HPE) (US)
Teradata (US)
Alteryx (US)
FICO (US)
Altair (US)
Domo (US)
Cloudera (US)
Board International (Switzerland)
Hitachi Vantara (US)
Qlik (US)
Happiest Minds (India)
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Predictive Analytics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Predictive Analytics Market?
• What are the prominent market trends influencing the development of the Predictive Analytics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Predictive Analytics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
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