Predictive Analytics Market Is Expected To Rake In Revenues Worth $23.9 Billion By 2025 | Grand View Research, Inc.

Predictive Analytics Market Is Expected To Rake In Revenues Worth $23.9 Billion By 2025 | Grand View Research, Inc.

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Predictive Analytics Market has experienced a significant demand during the COVID-19 pandemic as the development of user-friendly, helpful tools, both during and after the ongoing crisis has become the most consequential in the healthcare industry. The primary reason attributable to the impressive performance of the market in the post- lockdown period is the heavy investments made by prominent players, says Grand View Research, Inc.

The global predictive analytics market size is expected to be valued at USD 23.9 billion by 2025, registering a CAGR of 23.2% over the forecast period. The widespread option of advanced technologies such as machine learning, AI, and big data is driving the market demand.  These solutions process and transform collected data into valuable insights; for instance, they detect patterns to determine a suitable course of action. Growing awareness about the importance of data analysis for predicting future strategies is offering a competitive edge to the end-users, therefore driving the demand for these solutions.

The healthcare sector has been using data from emergency department (ED) patients, including labs, demographics, medical reports, and other vital information to design algorithms that can predict whether patients have a high risk of acquiring COVID-19. The ongoing COVID-19 crisis is also a good use case for all AI approaches as this software can identify specific hotspots. A typical predictive analytics system can use location data to foresee COVID-19 outbreaks, outperforming other state-of-the-art tools, thus, driving the overall market growth. 

Predictive Analytics Market Report Suggest:

 The customer analytics segment is set to gain significant traction over the forecast period, on account of the digitalization of processes and positive outlook of the e-commerce sector

Large enterprises dominated the overall market in 2018 as these enterprises are rapidly adopting predictive analytics solutions for predicting future trends

The BFSI segment is projected to emerge as the fastest-growing segment from 2019 to 2025.  This can be attributed to growing adoption of advanced financial analytics solutions by top BFSI organizations

North America dominates the global market owing to technological advancements and presence of players in U.S. Financial funding to new players from venture capitalists is projected to intensify the competition in the market

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Predictive Analytics Market Segmentation

Grand View Research has segmented the global predictive analytics market on the basis of solution, service, deployment, enterprise size, end use, and region:

Predictive Analytics Solution Outlook (Revenue, USD Million, 2014 – 2025)

     Customer Analytics
     Financial Analytics
     Marketing & Sales Analytics
     Network Analytics
     Risk Analytics
     Supply Chain Analytics
     Web & Social Media Analytics

Predictive Analytics Service Outlook (Revenue, USD Million, 2014 – 2025)

     Deployment/ Installation
     Support & Maintenance
     Training & Consulting

Predictive Analytics Deployment Outlook (Revenue, USD Million, 2014 – 2025)


Predictive Analytics Enterprise Size Outlook (Revenue, USD Million, 2014 – 2025)

     Small & medium enterprises
     Large enterprises

Predictive Analytics End-use Outlook (Revenue, USD Million, 2014 – 2025)

     Aerospace & Defense
     Automotive & Transportation
     IT & Telecommunication
     Media & Entertainment
     Retail & Ecommerce

Predictive Analytics Regional Outlook (Revenue, USD Million, 2014 – 2025)

     North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • Japan
        • India
     Latin America
        • Brazil
     Middle East & Africa

List of Key Players of Predictive Analytics Market

    • IBM Corporation
    • SAP ERP
    • Microsoft Corporation
    • Siemens AG
    • General Electric Company
    • Schneider Electric SE
    • NTT Data Corporation
    • Oracle Corporation
    • SAS Institute, Inc.
    • Tableau Software, Inc.

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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