Please Wait.....
Report
Global Predictive Analytics Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 176 Pages I EMR Inc.
Global Predictive Analytics Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global predictive analytics market size attained approximately USD 15.70 billion in 2023. Aided by the growing significance of predictive analytics in a data-driven world, the market is estimated to grow at a CAGR of 21.7% in the forecast period of 2024-2032, reaching a value of around USD 91.93 billion by 2032.
The global predictive analytics market encompasses a suite of statistical techniques and models that predict future outcomes based on historical and current data. This domain leverages everything from data mining, statistics, and machine learning to analyse current facts to make predictions about future events. In the business context, predictive analytics is primarily used to forecast consumer behaviour, identify potential risks, and enhance decision-making processes across various industries, including finance, healthcare, marketing, retail, and more.
Recent predictive analytics market trends reflect its growing significance in a data-driven world. As businesses increasingly rely on data to drive strategic decisions, the demand for advanced analytics solutions has soared. One of the foremost trends is the integration of artificial intelligence (AI) and machine learning (ML) with predictive analytics. These technologies enhance the ability of predictive models to learn from data iteratively, thereby improving the accuracy of predictions over time without explicit programming. This integration is particularly prevalent in sectors like retail and healthcare, where dynamic consumer behaviour and patient outcomes can be predicted with greater precision.
Another significant trend aiding the predictive analytics market growth is the increasing adoption of cloud-based predictive analytics solutions. The scalability, flexibility, and cost-efficiency of cloud services make them ideal for handling large datasets and complex computational processes required for predictive modelling. This shift is facilitated by concerns over data security and privacy, which are being addressed through improved security protocols and regulations like the GDPR in Europe and CCPA in California, ensuring that data handling practices meet stringent compliance standards.
The expansion of the Internet of Things (IoT) has also propelled the predictive analytics market expansion. IoT devices generate a vast amount of real-time data that can be used to forecast equipment failures, optimise manufacturing processes, and enhance supply chain management. Predictive maintenance, for instance, uses data from sensors embedded in equipment to predict failures before they occur, significantly reducing downtime and maintenance costs.
Big data technologies continue to evolve, providing the necessary tools and frameworks to process and analyse the enormous volumes of data required for effective predictive analytics. Technologies such as Hadoop and Spark allow businesses to manage big data sets efficiently, while tools like R and Python offer robust data analysis capabilities that help in building sophisticated predictive models.
Furthermore, the predictive analytics market is witnessing a shift towards the democratisation of data analytics, where predictive tools are being designed for use not just by data scientists but also by business analysts and other non-technical users. This trend is supported by the development of user-friendly software with graphical interfaces and automated features that simplify the process of data analysis, making predictive tools more accessible to a broader audience.
In terms of regional growth, the North America predictive analytics market currently leads, driven by advanced technological infrastructure and the presence of major players in the analytics space. However, the Asia Pacific is expected to grow at the fastest rate due to rising technological adoption and digitalisation across major economies such as China and India, coupled with improvements in regulatory frameworks for data protection.
Privacy concerns and data security are pivotal challenges in the global predictive analytics market development. As predictive models often require access to sensitive information, ensuring the privacy and security of this data is paramount. Advanced encryption techniques and stringent data governance policies are critical in mitigating these risks.
Market Segmentation
The global predictive analytics market can be divided based on component, organisation size, deployment, end use, and region.
Market Breakup by Component
- Solutions
- Services
Market Breakup by Organisation Size
- Small and Medium Sized Enterprises (SMEs)
- Large Size Enterprises
Market Breakup by Deployment
- Cloud
- On-premise
Market Breakup by End Use
- BFSI
- Healthcare and Life Sciences
- Manufacturing
- Retail and E-commerce
- Government
- Transportation and Logistics
- IT and Telecom
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global predictive analytics market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc.
- Google LLC
- Hewlett Packard Enterprise Development LP
- Oracle Corporation
- SAS Institute Inc.
- SAP SE
- TIBCO Software Inc.
- Alteryx, Inc.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Predictive Analytics Market Analysis
8.1 Key Industry Highlights
8.2 Global Predictive Analytics Historical Market (2018-2023)
8.3 Global Predictive Analytics Market Forecast (2024-2032)
8.4 Global Predictive Analytics Market by Component
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Predictive Analytics Market by Organisation Size
8.5.1 Small and Medium Sized Enterprises (SMEs)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Large Size Enterprises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Predictive Analytics Market by Deployment
8.6.1 Cloud
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 On-premise
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Predictive Analytics Market by End Use
8.7.1 BFSI
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Healthcare and Life Sciences
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Manufacturing
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Retail and E-commerce
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Government
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Transportation and Logistics
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 IT and Telecom
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Predictive Analytics Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Predictive Analytics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Predictive Analytics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Predictive Analytics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Predictive Analytics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Predictive Analytics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Amazon Web Services, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Google LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hewlett Packard Enterprise Development LP
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Oracle Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SAS Institute Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SAP SE
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TIBCO Software Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Alteryx, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Predictive Analytics Market: Key Industry Highlights, 2018 and 2032
2. Global Predictive Analytics Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Predictive Analytics Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Predictive Analytics Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
5. Global Predictive Analytics Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
6. Global Predictive Analytics Historical Market: Breakup by Deployment (USD Billion), 2018-2023
7. Global Predictive Analytics Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
8. Global Predictive Analytics Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Predictive Analytics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Predictive Analytics Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Predictive Analytics Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Predictive Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Predictive Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Predictive Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Predictive Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Predictive Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Predictive Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Predictive Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Predictive Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Predictive Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Predictive Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Predictive Analytics Market Structure
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security