Global Predictive Analytics Market Highlights over 2022 – 2031
The global predictive analytics market is estimated to grow at a CAGR of ~20% over the forecast period, i.e., 2022 – 2031. Predictive analytics is the practice of using statistics from existing data sets to predict potential future outcomes and trends. The growth of the market can be attributed to the growing amount of large data, along with demand for quality analysis amongst organizations for better performance. Moreover, the rapid emergence of new business, especially within the past decade, is estimated to play a crucial role in the market growth. Along with this, the adoption of advanced technologies, such as, machine learning, AI, IoT, and analytics-as-a-service, has made data analysis easier, and more accurate, along with reducing the overall operational cost for any organization, which is further estimated to boost the market growth. Further, the growing investment in the technical research activities, is anticipated to fuel the market growth. As per the report by the World Bank, 2.203% of the global GDP was spend for R&D activities in 2018.
The market is divided by end-user into BFSI, retail, IT & telecom, healthcare, government, manufacturing, and others, out of which, the BFSI segment is anticipated to hold a substantial share in the global predictive analytics market over the forecast period on account of presence of large amounts of big data in the sector. Moreover, predictive analytics can facilitate capital planning, financial analytics, credit risk management, insurance risk management, and others, which is estimated to boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Predictive Analytics Market Regional Synopsis
On the basis of geographical analysis, the global predictive analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing adoption of data analytics services, and a large number of small startups in countries, such as, South Korea, Japan, and India. It was observed that close to 65 million MSMEs were running in India, as of 2021.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of advanced technologies by the business organizations, along with rising startups and new businesses in the U.S. and Canada. For instance, over 15% of the population in the United States was involved in self-businesses and startups, by the end of 2021.
The global predictive analytics market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global predictive analytics market includes the following segments:
By Solution
By End-User
Growth Drivers
Challenges
Top Featured Companies Dominating the Market
2022年および2023年には、市場参加者は荒波にもまれることが予想され、通貨換算の大きなギャップ、収益の縮小、利益率の低下、物流やサプライチェーンにおけるコスト圧迫などにより、損失を被る可能性があります。また、2022年の米国経済成長率は3%にとどまると予想されています。
同国の購買力は2.5%近く低下すると予想される。一方、ヨーロッパ諸国では、特にこれからの冬にエネルギー危機という形で最悪の事態がやってくるでしょう。COVID-19の直後から、世界中の経済がインフレに見舞われています。特に欧米諸国では、予想以上のインフレにより、各国の銀行や金融機関が経済損失を抑制し、企業の利益を守るための懸念が高まっていた。金利上昇、ドル高による原油価格の高騰、ウクライナとロシアの紛争によるガスやエネルギー資源の価格高騰、中国経済の減速(2022年に4%程度)による生産と世界のサプライチェーンの混乱、その他の要因が各産業にマイナスの影響を与えるだろう。
2022年1月6日:分析自動化企業であるAlteryx, Inc.は、スケーラブルなデータ管理と機械学習を促進し、データ分析を高速化するために、グローバルクラウド企業であるTrifactaの買収を発表しました。
2021 年 11 月 2 日: インフォシス・フィナクルと IBM が協力して、BFSI セクターがクラウド変革を加速し、可視性、制御、およびデータ分離の向上を実現できるよう支援します。