Published by news degree
Posted on August 3, 2021
11 min readLast updated: January 21, 2026
The global Predictive Analytics Market is forecast to reach USD 28.19 Billion by 2026, according to a new report by Reports and Data. Predictive analysis can be an essential business tool for planning, technology management, and decision making, by extracting information from existing data sets. Predictive models are used to analyze existing data and find hidden trends to understand customers and future opportunities & risks better. These business intelligence models gain insights by integrating data mining, artificial intelligence, statistical modeling, machine learning, and other data technologies.
Business functions such as finance, marketing, retail, insurance, tourism, healthcare & pharmaceutical, and utility firms rely on these models to forecast and improve customer experience. For example, Netflix learns about the movies their viewers are likely to enjoy, and Amazon predicts what a customer would buy.
Predictive analytics include decision analysis & optimization, predictive modeling, transaction profiling, and predictive search. These can be applied to various business strategies and has been a crucial element in search advertising and recommendation engines. These techniques can provide decision-makers of the company with tools to influence upselling, sales & revenue forecasting, manufacturing optimization, and even new product development.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2320
Key participants include
Alteryx, Inc., Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation (FICO), International Business Machines (IBM) Corporation, Information Builders, KNIME.com AG, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, RapidMiner, QlikTech International, SAP SE, SAS Institute, Inc., Tableau Software, Inc., TIBCO Software, Inc., and Teradata Corporation, among others.
Further key findings from the report suggest
Among the end uses, financial management accounted for the largest market share of ~18% in the year 2018. Analysis of the expenditures of the firm helps them to gain insights into their purchasing activities to reduce costs and improve supplier compliance. The upcoming trend of big data analytics and customer analytics will further contribute to the growth of the segment and will provide organizations with enhanced efficiency and profitability.
The customer behavior analysis is forecasted to witness the highest growth rate of 23.5% during the forecast period. The technology can be used for integrating data with the use of algorithms and artificial intelligence for forecasting future consumer trends. It is used to find the buying behavior and analyze the needs and preferences of the consumers. Moreover, it is the analysis of the way the customers interact with the business.
Among the components, the solutions accounted for a larger market share of ~54% in the year 2018. The segment is further segmented into operations, human resources, financial, IT, marketing, and sales, among others.
The services segment is forecasted to witness a higher growth rate of 22.5% during the forecast period. The segment is further classified into managed and professional services.
North America held the largest market share of ~30% in the year 2018. The region has adopted new and advanced technologies at a very early stage. High penetration of cloud technology, the internet of things, machine learning, artificial intelligence, and big data, among others, are propelling the market in North America. Moreover, the region is a hub for significant market vendors who are increasingly launching new products in the market.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2320
For this report, Reports and Data have segmented into the global Predictive Analytics market on the basis of resin type, composite phases, industry vertical, and region:
End-Use Outlook (Revenue, USD Billion; 2016-2026)
Sales and Marketing Management
Financial Management
Customer Behavior Analysis
Supply Chain Management
Network Traffic Management
Demand And Supply Forecasting
Risk Management and Fraud Detection
Others
Component Outlook (Revenue, USD Billion; 2016-2026)
Solution
Services
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium Sized Enterprise
Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
Government and Defense
Healthcare and Life Sciences
Manufacturing
Retail and E-commerce
IT and Telecommunication
Energy and Utilities
Banking, Financial services, and Insurance (BFSI)
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2320
Have a Look at Related Reports:
Text Mining Market By Component (Software And Services), By Application (Marketing Management, Document Management, Customer Experience Management, Governance, Risk, And Compliance Management), By Deployment Mode, By Organization Size, By And Industry Verticals, Forecasts To 2027
Digital Mining Market By Type (Underground Mining, Surface Mining), By Technology (Automation & Robotics, Real-Time Analytics, Cybersecurity, Others) And By Application (Iron & Ferro Alloys, Non-Ferrous Metals, Precious Metals), Forecasts To 2027
Video Analytics Market Size, Growth & Analysis, By Deployment Type (On-Premise, Cloud-Based), By Application (Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate Recognition, Others), By End-Users (BFSI, Transportation, Retail, Defense And Government, Travel And Hospitality, Others), By Region, Forecasts To 2027
Audience Analytics Market By Component Type, By Application Type (Sales And Marketing, Management, Customer Experience Management, Competitive Intelligence, Others), And By End-Users, 2016-2026
Geospatial Imagery Analytics Market By Analytics Type (Image-Based Analytics, Video-Based), By Source Type (Geographic Information System, Satellite Imagery, UAV, And Others), And By End-Users, 2016-2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Predictive Analytics Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Predictive Analytics Market is forecast to reach USD 28.19 Billion by 2026, according to a new report by Reports and Data. Predictive analysis can be an essential business tool for planning, technology management, and decision making, by extracting information from existing data sets. Predictive models are used to analyze existing data and find hidden trends to understand customers and future opportunities & risks better. These business intelligence models gain insights by integrating data mining, artificial intelligence, statistical modeling, machine learning, and other data technologies.
Business functions such as finance, marketing, retail, insurance, tourism, healthcare & pharmaceutical, and utility firms rely on these models to forecast and improve customer experience. For example, Netflix learns about the movies their viewers are likely to enjoy, and Amazon predicts what a customer would buy.
Predictive analytics include decision analysis & optimization, predictive modeling, transaction profiling, and predictive search. These can be applied to various business strategies and has been a crucial element in search advertising and recommendation engines. These techniques can provide decision-makers of the company with tools to influence upselling, sales & revenue forecasting, manufacturing optimization, and even new product development.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2320
Key participants include
Alteryx, Inc., Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation (FICO), International Business Machines (IBM) Corporation, Information Builders, KNIME.com AG, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, RapidMiner, QlikTech International, SAP SE, SAS Institute, Inc., Tableau Software, Inc., TIBCO Software, Inc., and Teradata Corporation, among others.
Further key findings from the report suggest
Among the end uses, financial management accounted for the largest market share of ~18% in the year 2018. Analysis of the expenditures of the firm helps them to gain insights into their purchasing activities to reduce costs and improve supplier compliance. The upcoming trend of big data analytics and customer analytics will further contribute to the growth of the segment and will provide organizations with enhanced efficiency and profitability.
The customer behavior analysis is forecasted to witness the highest growth rate of 23.5% during the forecast period. The technology can be used for integrating data with the use of algorithms and artificial intelligence for forecasting future consumer trends. It is used to find the buying behavior and analyze the needs and preferences of the consumers. Moreover, it is the analysis of the way the customers interact with the business.
Among the components, the solutions accounted for a larger market share of ~54% in the year 2018. The segment is further segmented into operations, human resources, financial, IT, marketing, and sales, among others.
The services segment is forecasted to witness a higher growth rate of 22.5% during the forecast period. The segment is further classified into managed and professional services.
North America held the largest market share of ~30% in the year 2018. The region has adopted new and advanced technologies at a very early stage. High penetration of cloud technology, the internet of things, machine learning, artificial intelligence, and big data, among others, are propelling the market in North America. Moreover, the region is a hub for significant market vendors who are increasingly launching new products in the market.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2320
For this report, Reports and Data have segmented into the global Predictive Analytics market on the basis of resin type, composite phases, industry vertical, and region:
End-Use Outlook (Revenue, USD Billion; 2016-2026)
Sales and Marketing Management
Financial Management
Customer Behavior Analysis
Supply Chain Management
Network Traffic Management
Demand And Supply Forecasting
Risk Management and Fraud Detection
Others
Component Outlook (Revenue, USD Billion; 2016-2026)
Solution
Services
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium Sized Enterprise
Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
Government and Defense
Healthcare and Life Sciences
Manufacturing
Retail and E-commerce
IT and Telecommunication
Energy and Utilities
Banking, Financial services, and Insurance (BFSI)
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2320
Have a Look at Related Reports:
Text Mining Market By Component (Software And Services), By Application (Marketing Management, Document Management, Customer Experience Management, Governance, Risk, And Compliance Management), By Deployment Mode, By Organization Size, By And Industry Verticals, Forecasts To 2027
Digital Mining Market By Type (Underground Mining, Surface Mining), By Technology (Automation & Robotics, Real-Time Analytics, Cybersecurity, Others) And By Application (Iron & Ferro Alloys, Non-Ferrous Metals, Precious Metals), Forecasts To 2027
Video Analytics Market Size, Growth & Analysis, By Deployment Type (On-Premise, Cloud-Based), By Application (Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate Recognition, Others), By End-Users (BFSI, Transportation, Retail, Defense And Government, Travel And Hospitality, Others), By Region, Forecasts To 2027
Audience Analytics Market By Component Type, By Application Type (Sales And Marketing, Management, Customer Experience Management, Competitive Intelligence, Others), And By End-Users, 2016-2026
Geospatial Imagery Analytics Market By Analytics Type (Image-Based Analytics, Video-Based), By Source Type (Geographic Information System, Satellite Imagery, UAV, And Others), And By End-Users, 2016-2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Predictive Analytics Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Explore more articles in the Research Reports category
