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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.
LPI (LP Information)' newest research report, the "Predictive Analytics Industry Forecast" looks at past sales and reviews total world Predictive Analytics sales in 2022, providing a comprehensive analysis by region and market sector of projected Predictive Analytics sales for 2023 through 2029. With Predictive Analytics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Predictive Analytics industry.
This Insight Report provides a comprehensive analysis of the global Predictive Analytics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Predictive Analytics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Predictive Analytics market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Predictive Analytics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Predictive Analytics.
The global Predictive Analytics market size is projected to grow from US$ 5471.2 million in 2022 to US$ 12850 million in 2029; it is expected to grow at a CAGR of 13.0% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Predictive Analytics market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Services
- Solutions
Segmentation 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
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- IBM
- Oracle
- SAP
- Microsoft
- SAS Institute
- Fair Isaac
- NTT Data
- Tableau Software
- Tibco Software
- Rapidminer
- Angoss Software