Predictive Analytics Market Size to Hit US$ 38,038.83 million by 2028
Published: 2023-04-28 18:56:56

The multipurpose new research report on the Global Predictive Analytics Market aims to promise a unique approach to industry assessment of the market covering the most important factors driving industry growth. The Predictive Analytics Market report provides current and future technical and financial details of the industry. One of the most comprehensive and important additions to The Insight Partners Market Research Archives. It provides detailed research and analysis of key aspects of the global market.
Download PDF Sample Report Here @ https://www.theinsightpartners.com/sample/TIPTE100000160/
Predictive analytics, a branch of advanced analytics, uses historical data combined with statistical modeling, data mining techniques, and machine learning  to make predictions about future outcomes. Companies employ predictive analytics to find patterns in their data, which help them identify risks and opportunities. This type of advanced analytics is often associated with Big Data and data science. Managing the data residing in transactional databases, device log files, images, videos, sensors, and other data sources is the major challenge faced by companies these days. Data scientists use deep learning and machine learning algorithms to find patterns and predict future events for gathering insights from these data. These algorithms include linear and non-linear regression, neural networks, support vector machines, and decision trees. The insights gained through predictive analytics can be further used within prescriptive analytics.
The predictive analytics market size is projected to grow from US$ 12,492.94 million in 2022 to US$ 38,038.83 million by 2028; it is expected to grow at a CAGR of 20.4% from 2022 to 2028.
The adoption of Big Data requires careful consideration. While the three Vs—volume, velocity, and variety—are frequently used to define Big Data, the use of big data-enabled technologies is not limited to how these three are defined. Using big data effectively requires changing perspectives about the ways it can be used. While other technologies help solve problems, such as streamlining the inventory management processes or providing online systems to track order shipments in real-time, big data helps find issues that need special attention.
Global Predictive Analytics Market Segmentation:
By Component
•	Solution (Risk Analytics
•	Marketing Analytics
•	Sales Analytics
•	Customer Analytics
•	Service
By Deployment Mode
•	On-Premise 
•	Cloud-Based
Organization Size
•	Small and Medium Enterprises (SMEs)
•	Large Enterprises
By Industry Vertical
•	IT & Telecom
•	BFSI
•	Energy & Utilities
•	Government and Defence
•	Retail and e-Commerce
•	Manufacturing
•	Others
Predictive Analytics Market: Regional analysis includes:
•	Asia-Pacific Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
•	North America (The United States, Mexico, and Canada.)
•	South America (Brazil etc.)
•	The Middle East and Africa (GCC Countries and Egypt.)
The Top key vendors in Predictive Analytics Market include are:-
•	IBM Corporation
•	Microsoft Corporation
•	Oracle Corporation
•	SAP SE
•	Google LLC
•	SAS Institute Inc.
•	Salesforce.com, inc.
•	Amazon Web Services
•	Hewlett Packard Enterprise Development LP (HPE)
•	NTT DATA Corporation
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Predictive Analytics market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Predictive Analytics market segments and regions.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Predictive Analytics market.
NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.
Thanks for reading this article; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.
About US
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.
Contact US
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com