Predictive Analytics Market 2024- Analysis and Trends

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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
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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.

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Application Analysis of Predictive Analytics
Market

• 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
  management.
• 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
  components.

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Competitive Market Share of Predictive Analytics
Market

• 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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