Predictive and Perspective Analytics Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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 government's ongoing and increasing interest in protecting sensitive information pertaining to individuals' 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 government's ongoing and increasing interest in protecting sensitive information pertaining to individuals' 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?