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Predictive and Perspective Analytics Trends and Forecast
The future of the global predictive and perspective analytics market looks promising with opportunities in the BFSI, retail, healthcare and pharmaceutical, and IT and telecom markets. The global predictive and perspective analytics market is expected to reach an estimated $37.5 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are rising usage of predictive analytics in clinical medicine & medical diagnostics, enormous need for precise stock market analysis as well as the detection of credit card fraud, and growing use of internet along with an increase in the number of persons accessing the web.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Predictive and Perspective Analytics by Segment
The study includes a forecast for the global predictive and perspective analytics by deployment, end use industry, and region.
Predictive and Perspective Analytics Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:
• On-Premises
• Cloud
Predictive and Perspective Analytics Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Retail
• Healthcare and Pharmaceuticals
• IT and Telecom
• Others
Predictive and Perspective Analytics Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Predictive and Perspective Analytics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies predictive and perspective analytics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the predictive and perspective analytics companies profiled in this report include-
• Oracle Corporation
• SAP
• IBM Corporation
• Microsoft Corporation
• SAS Institute
• Altair Engineering
• Alteryx
• FICO
• Teradata
• TIBCO Software
Predictive and Perspective Analytics Market Insights
Lucintel forecasts that on-premise is expected to witness the higher growth over the forecast period due to governmentÄX%$%Xs ongoing and increasing interest in protecting sensitive information pertaining to individualsÄX%$%X personal information and national security, and businesses are also worried about the safety of the data that belongs to their individual organizations.
North America will remain the largest region over the forecast period due to technological advancements and a strong existence of market players, particularly in US and growing innovations in techniques and methods involved in the development of predictive analytics solutions and ongoing projects.
Features of the Global Predictive and Perspective Analytics Market
Market Size Estimates: Predictive and perspective analytics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Predictive and perspective analytics market size by deployment, end use industry, and region in terms of value ($B).
Regional Analysis: Predictive and perspective analytics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different deployment, end use industry, and regions for the predictive and perspective analytics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the predictive and perspective analytics market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the predictive and perspective analytics market size?
Answer: The global predictive and perspective analytics market is expected to reach an estimated $37.5 billion by 2030.
Q2. What is the growth forecast for predictive and perspective analytics market?
Answer: The global predictive and perspective analytics market is expected to grow with a CAGR of 18.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the predictive and perspective analytics market?
Answer: The major drivers for this market are rising usage of predictive analytics in clinical medicine & medical diagnostics, enormous need for precise stock market analysis as well as the detection of credit card fraud, and growing use of internet along with an increase in the number of persons accessing the web.
Q4. What are the major segments for predictive and perspective analytics market?
Answer: The future of the global predictive and perspective analytics market looks promising with opportunities in the BFSI, retail, healthcare and pharmaceutical, and IT and telecom markets.
Q5. Who are the key predictive and perspective analytics market companies?
Answer: Some of the key predictive and perspective analytics companies are as follows:
• Oracle Corporation
• SAP
• IBM Corporation
• Microsoft Corporation
• SAS Institute
• Altair Engineering
• Alteryx
• FICO
• Teradata
• TIBCO Software
Q6. Which predictive and perspective analytics market segment will be the largest in future?
Answer: Lucintel forecasts that on-premise is expected to witness the higher growth over the forecast period due to governmentÄX%$%Xs ongoing and increasing interest in protecting sensitive information pertaining to individualsÄX%$%X personal information and national security, and businesses are also worried about the safety of the data that belongs to their individual organizations.
Q7. In predictive and perspective analytics market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to technological advancements and a strong existence of market players, particularly in US and growing innovations in techniques and methods involved in the development of predictive analytics solutions and ongoing projects.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the predictive and perspective analytics market by deployment (on-premises and cloud), end use industry (BFSI, retail, healthcare and pharmaceuticals, IT and telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Predictive And Perspective Analytics Market, Predictive And Perspective Analytics Market Size, Predictive And Perspective Analytics Market Growth, Predictive And Perspective Analytics Market Analysis, Predictive And Perspective Analytics Market Report, Predictive And Perspective Analytics Market Share, Predictive And Perspective Analytics Market Trends, Predictive And Perspective Analytics Market Forecast, Predictive And Perspective Analytics Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Predictive and Perspective Analytics Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Predictive and Perspective Analytics Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Predictive and Perspective Analytics Market by Deployment
3.3.1: On-Premises
3.3.2: Cloud
3.4: Global Predictive and Perspective Analytics Market by End Use Industry
3.4.1: BFSI
3.4.2: Retail
3.4.3: Healthcare and Pharmaceuticals
3.4.4: IT and Telecom
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Predictive and Perspective Analytics Market by Region
4.2: North American Predictive and Perspective Analytics Market
4.2.2: North American Predictive and Perspective Analytics Market by End Use Industry: BFSI, Retail, Healthcare and Pharmaceuticals, IT and Telecom, and Others
4.3: European Predictive and Perspective Analytics Market
4.3.1: European Predictive and Perspective Analytics Market by Deployment: On-Premises and Cloud
4.3.2: European Predictive and Perspective Analytics Market by End Use Industry: BFSI, Retail, Healthcare and Pharmaceuticals, IT and Telecom, and Others
4.4: APAC Predictive and Perspective Analytics Market
4.4.1: APAC Predictive and Perspective Analytics Market by Deployment: On-Premises and Cloud
4.4.2: APAC Predictive and Perspective Analytics Market by End Use Industry: BFSI, Retail, Healthcare and Pharmaceuticals, IT and Telecom, and Others
4.5: ROW Predictive and Perspective Analytics Market
4.5.1: ROW Predictive and Perspective Analytics Market by Deployment: On-Premises and Cloud
4.5.2: ROW Predictive and Perspective Analytics Market by End Use Industry: BFSI, Retail, Healthcare and Pharmaceuticals, IT and Telecom, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Predictive and Perspective Analytics Market by Deployment
6.1.2: Growth Opportunities for the Global Predictive and Perspective Analytics Market by End Use Industry
6.1.3: Growth Opportunities for the Global Predictive and Perspective Analytics Market by Region
6.2: Emerging Trends in the Global Predictive and Perspective Analytics Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Predictive and Perspective Analytics Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Predictive and Perspective Analytics Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Oracle Corporation
7.2: SAP
7.3: IBM Corporation
7.4: Microsoft Corporation
7.5: SAS Institute
7.6: Altair Engineering
7.7: Alteryx
7.8: FICO
7.9: Teradata
7.10: TIBCO Software
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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