The global market for Predictive Analytics is estimated at US$23.8 Billion in 2023 and is projected to reach US$76.6 Billion by 2030, growing at a CAGR of 18.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Despite the transformative capabilities of predictive analytics, integrating AI into this domain brings forth challenges such as ensuring data quality and integrity, which are pivotal for the accuracy of AI models. Ethical considerations around data privacy and potential biases in training data also pose significant concerns that organizations must address. Nonetheless, the adoption of predictive analytics is driven by several compelling factors: the exponential growth of data, increasing competitive pressure, rising demand for personalization, and the necessity for effective risk management. Moreover, advancements in data collection methods, sector-specific solutions, and a cultural shift towards data-driven decision making are further propelling the widespread integration of predictive analytics into modern business practices. As predictive analytics tools become more sophisticated and accessible, they continue to offer businesses critical competitive advantages, enhancing operational efficiencies, consumer engagement, and strategic planning, ultimately shaping a future where informed, data-driven decisions are the foundation of business success.
Despite the transformative capabilities of predictive analytics, integrating AI into this domain brings forth challenges such as ensuring data quality and integrity, which are pivotal for the accuracy of AI models. Ethical considerations around data privacy and potential biases in training data also pose significant concerns that organizations must address. Nonetheless, the adoption of predictive analytics is driven by several compelling factors: the exponential growth of data, increasing competitive pressure, rising demand for personalization, and the necessity for effective risk management. Moreover, advancements in data collection methods, sector-specific solutions, and a cultural shift towards data-driven decision making are further propelling the widespread integration of predictive analytics into modern business practices. As predictive analytics tools become more sophisticated and accessible, they continue to offer businesses critical competitive advantages, enhancing operational efficiencies, consumer engagement, and strategic planning, ultimately shaping a future where informed, data-driven decisions are the foundation of business success.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Predictive Analytics Solutions segment, which is expected to reach US$41.5 Billion by 2030 with a CAGR of a 16.5%. The Predictive Analytics Services segment is also set to grow at 20.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.7 Billion in 2023, and China, forecasted to grow at an impressive 17.8% CAGR to reach $12.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Predictive Analytics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Predictive Analytics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Predictive Analytics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Altair Engineering, Inc., FICO (Fair Isaac Corporation), IBM Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 353 Featured):
- Altair Engineering, Inc.
- FICO (Fair Isaac Corporation)
- IBM Corporation
- Microsoft Corporation
- NTT DATA Corporation
- Oracle Corporation
- RapidMiner, Inc.
- SAP SE
- SAS Institute, Inc.
- Tableau Software, Inc.
- Tibco Software, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Altair Engineering, Inc.
- Fico (Fair Isaac Corporation)
- IBM Corporation
- Microsoft Corporation
- Ntt Data Corporation
- Oracle Corporation
- Rapidminer, Inc.
- SAP Se
- Sas Institute, Inc.
- Tableau Software, Inc.
- Tibco Software, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 439 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 23.8 Billion |
| Forecasted Market Value ( USD | $ 76.6 Billion |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
