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Global Predictive Analytics Market to reach USD 34.1 billion by 2027

Global Predictive Analytics Market Size study, by Type (Solutions and Services), by Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), by Deployment Model (On-Premises and Cloud), by Industry Vertical (Electronics, Automotive, Industrial, Telecommunication, Data Transmission and Others) and Regional Forecasts 2020-2027

Product Code: IACTEIAS_98214234
Publish Date: 2-09-2020
Page: 200

Global Predictive Analytics Market is valued approximately USD 6.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.17 % over the forecast period 2020-2027. Predictive analytics extract information from current and historical datasets, using data mining, statistics, machine learning, modeling and artificial intelligence to predict potential future outcomes and trends. Predictive analytics helps organization to look forward, anticipating outcomes and provides decision options that are benefited from the predictions and its implications. The rising adoption of predictive analytics for forecasting future market trends, enterprises’ need for ensuring market competitiveness and growing adoption of big data and other related technologies are the few factors responsible for growth of the market over the forecast period. Big data is changing the face of marketing tremendously, as most of the population now own smartphones and more and more devices become smart, thus availability of information is high. Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th September 2018, Oracle Corporation launched Predictive Analytics, Machine Learning Solution that provides tools to analyze data, a platform to train, deploy, and manage analytical results and models; and collaboration tools for extended enterprise teams including data engineers, DevOps, businesspeople, application developers, and AI engineers. However, changing regional data regulations leading to the time-consuming restructuring of predictive models is the major factor restraining the growth of global Predictive Analytics market during the forecast period.

The regional analysis of global Predictive Analytics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the growing adoption of predictive analytics as well as high penetration of predictive analytics in multiple industry verticals, such as retail and ecommerce, BFSI, and government. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
International Business Machines (IBM) Corporation
Oracle Corporation
Microsoft Corporation
SAS Institute, Inc.
Fair Isaac Corporation (FICO)
NTT Data Corporation
Tableau Software, Inc.
Tibco Software, Inc.
Rapidminer, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises

By Deployment Model:

By Industry Vertical:
Banking, Financial Services, and Insurance
Telecommunications and It
Retail and Ecommerce
Healthcare and Life Sciences
Government and Defense
Energy and Utilities
Transportation and Logistics

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Predictive Analytics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Predictive Analytics Market, by Region, 2018-2027 (USD Billion)
1.2.2. Predictive Analytics Market, by Type, 2018-2027 (USD Billion)
1.2.3. Predictive Analytics Market, by Organization Size, 2018-2027 (USD Billion)
1.2.4. Predictive Analytics Market, by Deployment Model, 2018-2027 (USD Billion)
1.2.5. Predictive Analytics Market, by Industry Vertical, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Predictive Analytics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Predictive Analytics Market Dynamics
3.1. Predictive Analytics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Predictive Analytics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Predictive Analytics Market, by Type
5.1. Market Snapshot
5.2. Global Predictive Analytics Market by Type, Performance – Potential Analysis
5.3. Global Predictive Analytics Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Predictive Analytics Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Predictive Analytics Market, by Organization Size
6.1. Market Snapshot
6.2. Global Predictive Analytics Market by Organization Size, Performance – Potential Analysis
6.3. Global Predictive Analytics Market Estimates & Forecasts by Organization Size 2017-2027 (USD Billion)
6.4. Predictive Analytics Market, Sub Segment Analysis
6.4.1. Small and Medium-Sized Enterprises
6.4.2. Large Enterprises
Chapter 7. Global Predictive Analytics Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Predictive Analytics Market by Deployment Model, Performance – Potential Analysis
7.3. Global Predictive Analytics Market Estimates & Forecasts by Deployment Model 2017-2027 (USD Billion)
7.4. Predictive Analytics Market, Sub Segment Analysis
7.4.1. On-Premises
7.4.2. Cloud
Chapter 8. Global Predictive Analytics Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global Predictive Analytics Market by Industry Vertical, Performance – Potential Analysis
8.3. Global Predictive Analytics Market Estimates & Forecasts by Industry Vertical 2017-2027 (USD Billion)
8.4. Predictive Analytics Market, Sub Segment Analysis
8.4.1. Banking, Financial Services, and Insurance
8.4.2. Telecommunications and It
8.4.3. Retail and Ecommerce
8.4.4. Healthcare and Life Sciences
8.4.5. Manufacturing
8.4.6. Government and Defense
8.4.7. Energy and Utilities
8.4.8. Transportation and Logistics
8.4.9. Others
Chapter 9. Global Predictive Analytics Market, Regional Analysis
9.1. Predictive Analytics Market, Regional Market Snapshot
9.2. North America Predictive Analytics Market U.S. Predictive Analytics Market Type breakdown estimates & forecasts, 2017-2027 Organization Size breakdown estimates & forecasts, 2017-2027 Deployment Model breakdown estimates & forecasts, 2017-2027 Industry Vertical breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Predictive Analytics Market
9.3. Europe Predictive Analytics Market Snapshot
9.3.1. U.K. Predictive Analytics Market
9.3.2. Germany Predictive Analytics Market
9.3.3. France Predictive Analytics Market
9.3.4. Spain Predictive Analytics Market
9.3.5. Italy Predictive Analytics Market
9.3.6. Rest of Europe Predictive Analytics Market
9.4. Asia-Pacific Predictive Analytics Market Snapshot
9.4.1. China Predictive Analytics Market
9.4.2. India Predictive Analytics Market
9.4.3. Japan Predictive Analytics Market
9.4.4. Australia Predictive Analytics Market
9.4.5. South Korea Predictive Analytics Market
9.4.6. Rest of Asia Pacific Predictive Analytics Market
9.5. Latin America Predictive Analytics Market Snapshot
9.5.1. Brazil Predictive Analytics Market
9.5.2. Mexico Predictive Analytics Market
9.6. Rest of The World Predictive Analytics Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. International Business Machines (IBM) Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Oracle Corporation
10.2.3. SAP SE
10.2.4. Microsoft Corporation
10.2.5. SAS Institute, Inc.
10.2.6. Fair Isaac Corporation (FICO)
10.2.7. NTT Data Corporation
10.2.8. Tableau Software, Inc.
10.2.9. Tibco Software, Inc.
10.2.10. Rapidminer, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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