Market Analysis and Insights: Global Predictive Analytics Market
Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events. Predictive analytics uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future.
The global Predictive Analytics market size is projected to reach US$ 13170 million by 2028, from US$ 5592.8 million in 2021, at a CAGR of 12.5% during 2022-2028.
The Banking, Financial Services, and Insurance (BFSI) industry vertical is projected to have the largest market share and is expected to lead the market during the forecast period. The financial organizations, through their credit scoring techniques, try to minimize frauds and risks. Predictive analytics introduces the forward-looking perspectives of businesses to its existing processes.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Predictive Analytics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Predictive Analytics market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Predictive Analytics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Predictive Analytics market.
Global Predictive Analytics Scope and Market Size
Predictive Analytics market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Predictive Analytics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Services
Solutions
Segment by Application
Retail and E-commerce
Manufacturing
Government and Defense
Healthcare and Life Sciences
Energy and Utilities
Telecommunication and IT
Transportation and Logistics
BFSI
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
IBM
Oracle
SAP
Microsoft
SAS Institute
Fair Isaac
NTT Data
Tableau Software
Tibco Software
Rapidminer
Angoss Software