Predictive Analytics

Global Predictive Analytics Market to Reach US$76.6 Billion by 2030

The global market for Predictive Analytics estimated at US$28.2 Billion in the year 2024, is expected to reach US$76.6 Billion by 2030, growing at a CAGR of 18.1% over the analysis period 2024-2030. Solutions, one of the segments analyzed in the report, is expected to record a 16.5% CAGR and reach US$41.5 Billion by the end of the analysis period. Growth in the Services segment is estimated at 20.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.1 Billion While China is Forecast to Grow at 17.7% CAGR

The Predictive Analytics market in the U.S. is estimated at US$8.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.0 Billion by the year 2030 trailing a CAGR of 17.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.7% and 15.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Global Predictive Analytics Market - Key Trends and Drivers Summarized

Predictive analytics is increasingly becoming an indispensable tool in today’s business landscape, enabling organizations to anticipate future trends and challenges with a significant degree of accuracy. This advanced analytics branch leverages historical and current data, along with statistical techniques, to forecast future behaviors, events, and outcomes. It utilizes various tools, including machine learning and sophisticated predictive modeling, to evaluate the likelihood of future occurrences. These capabilities are vital across multiple sectors, aiding in tasks such as enhancing sales forecasts, optimizing pricing strategies, reducing churn, and predicting maintenance needs for machinery. The predictive power of this technology is transforming industries by providing insights that streamline operations, enhance decision-making processes, and improve overall efficiency and effectiveness.

The integration of artificial intelligence (AI) in predictive analytics marks a pivotal trend in its evolution, employing methods like deep learning, natural language processing, and computer vision to sift through vast amounts of data to identify patterns that may not be apparent to human analysts. This analysis involves both structured and unstructured data, making AI a versatile tool in handling diverse datasets and complex analyses. AI-driven predictive analytics are utilized across various domains to enhance business processes, such as in customer relationship management where AI models predict customer behaviors like churn and engagement levels, aiding in effective marketing and customer service strategies. Furthermore, in sectors like supply chain management and financial services, AI helps forecast demand and supply fluctuations and detects fraudulent activities, respectively, thereby optimizing operations and mitigating risks.

Despite the transformative capabilities of predictive analytics, integrating AI into this domain brings forth challenges such as ensuring data quality and integrity, which are pivotal for the accuracy of AI models. Ethical considerations around data privacy and potential biases in training data also pose significant concerns that organizations must address. Nonetheless, the adoption of predictive analytics is driven by several compelling factors: the exponential growth of data, increasing competitive pressure, rising demand for personalization, and the necessity for effective risk management. Moreover, advancements in data collection methods, sector-specific solutions, and a cultural shift towards data-driven decision making are further propelling the widespread integration of predictive analytics into modern business practices. As predictive analytics tools become more sophisticated and accessible, they continue to offer businesses critical competitive advantages, enhancing operational efficiencies, consumer engagement, and strategic planning, ultimately shaping a future where informed, data-driven decisions are the foundation of business success.

SCOPE OF STUDY:

The report analyzes the Predictive Analytics market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Offering (Solutions, Services); Deployment (Cloud, On-Premise); Vertical (BFSI, Retail & eCommerce, Manufacturing, IT & Telecom, Transportation & Logistics, Government & Defense, Healthcare & Life Sciences, Other Verticals)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 353 Featured) -

• Altair Engineering, Inc.
• FICO (Fair Isaac Corporation)
• IBM Corporation
• Microsoft Corporation
• NTT DATA Corporation
• Oracle Corporation
• RapidMiner, Inc.
• SAP SE
• SAS Institute, Inc.
• Tableau Software, Inc.
• Tibco Software, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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