Predictive Analytics Market: Opportunities and Forecast Assessment, 2020–2027

 

The GMI Research forecasts that the predictive analytics market is witnessing an upsurge in demand during the forecast period. This is mainly due to the growing penetration of numerous advanced technologies and the rising fundamental shift towards digital transformation.

Request for a FREE Sample Report on Predictive Analytics Market

Top Manufacturers in the Predictive Analytics Market:

·        IBM

·        Microsoft

·        SAS Institute Inc.

·        com, Inc.

·        SAP

·        Google

·        Oracle

·        Hewlett Packard Enterprise Development LP

·        Amazon Web Services, Inc.

·        Teradata

Predictive Analytics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global predictive analytics market is projected to experience strong demand over the coming years, attributed to the strong demand for predictive analytics among the businesses due to the increasing awareness of the produced data, which is utilized to predict the future. Furthermore, the growing penetration of numerous advanced technologies, such as artificial intelligence, machine learning, and big data, among others, and the rising fundamental shift towards digital transformation are the key factors surging the growth of the global predictive analytics market size in the upcoming years. The growth in the penetration of the internet is further leading to the increase in the volume of data produced, and the rise in the number of connected devices across the world are attracting many consumers to the market. According to the predictive analytics market research, predictive analytics provides several benefits like its capability to detect fraud, optimize market campaigns, reduce the risk, and improve the operations, which is a significant factor energizing the growth of the predictive analytics market. On the other hand, the increasing concerns regarding the privacy of the collected data will hinder the market growth.

Regional Drivers

Based on the region, the Asia-Pacific is anticipated to grow at a higher CAGR in the upcoming years. This is attributed to the growing adoption of predictive analytics solutions driven by increasing awareness regarding various advantages provided by predictive analytics. Additionally, the increasing adoption of advanced technologies, which include artificial intelligence and machine learning, is a major factor accelerating the growth of the predictive analytics market.

Predictive Analytics Market Segmentation:

Segmentation by Component:

·        Solutions

o   Risk Analytics

o   Financial Analytics

o   Sales Analytics

o   Marketing Analytics

o   Web & Social Media Analytics

o   Customer Analytics

o   Network Analytics

o   Supply Chain Analytics

o   Others

·        Services

o   Professional Services

o   Managed Services

Segmentation by Deployment Mode:

·        On-Premises

·        Cloud

Segmentation by Organization Size:

·        Small & Medium-Sized Enterprises

·        Large Enterprises

Segmentation by Vertical:

·        IT & Telecommunications

·        BFSI

·        Healthcare & Life Sciences

·        Retail & Ecommerce

·        Government & Defense

·        Manufacturing

·        Transportation & Logistics

·        Energy & Utilities

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com