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Predictive Analytics Market 2024- Analysis and Trends


The predictive analytics technology is being utilized by several businesses as a useful tool for reducing risks associated with fraudulent claims and for surging marketing efficiency. – PowerPoint PPT presentation

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Title: Predictive Analytics Market 2024- Analysis and Trends

Predictive Analytics Market 2024 Industrial
Forecast Analysis Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
Regional Analysis of Predictive Analytics Market
  • The U.S. is anticipated to dominate the
    predictive analytics market owing to the high
    adoption rate of cloud computing and several
    latest technologies.
  • In the Asia Pacific region, predictive analytics
    market is expected to grow fast owing to the
    rapid developments in the economies such as
    China, India, and Japan.
  • The need to provide real-time data analysis is
    contributing to the growth of the industry in the
    region. In addition, predictive analytics market
    has a huge growth potential due to the high
    adoption and implementation of the technology in
    various sectors such as BFSI, IT and
    telecommunications, and SMBs.

Application Analysis of Predictive Analytics
  • Based on application segment, the predictive
    analytics market can be classified into risk
    management, networking management, sales and
    marketing management, human resource management,
    operations management, and supply chain
  • End users in the predictive analytics market are
    in the BFSI, IT telecom, energy, manufacturing,
    government public, transportation logistics,
    healthcare, travel, and hospitality sectors. In
    the BFSI sector, predictive analytics has several
    growth potentials owing to the enormous
    repositories of customer profiles and
    transactional data.
  • In the IT and telecom sector, the predictive
    analytics market is anticipated to be the
    must-have technology owing to the complexity
    inherent in modern day cloud architectures along
    with the interrelations among architecture

Competitive Market Share of Predictive Analytics
  • The key players in the predictive analytics
    market include IBM Corporation, SAP, Microsoft
    Corporation, SAS Institute, Oracle, Dell, FICO,
    Tibco Software, Alteryx, and RapidMiner.
    Considering the latest developments in the
    industry, organizations are eyeing on easier ways
    to bridge the data gap and inclining more toward
    more streamlined cloud platforms to boost the
    time to insights along with shrinking the barrier
    between internal and external data. IBM is
    offering several products under its predictive
    analytics portfolio SPSS Modeler, SPSS
    Analytical Server, Analytical Decision
    Management, SPSS Data Collection, SPSS
    Statistics, SPSS Predictive Analytics Enterprise,
    and Social Media Analytics.


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