Predictive Analytics Market Size to grow by USD 17.00 bn | Requirement of Advanced Analytics for Operational Efficiency to Drive Growth | Technavio

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Apr 18, 2022, 01:15 ET

NEW YORK, April 18, 2022 /PRNewswire/ -- The predictive analytics market size is expected to grow by USD 17.00 billion from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 21.36% during the forecast period.

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Attractive Opportunities in Predictive Analytics Market by Deployment and Geography - Forecast and Analysis 2022-2026

Read the 120-page report with TOC on "Predictive Analytics Market Analysis Report by Deployment (Cloud-based and On-premises) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Forecasts,2022-2026". View our Report Snapshot

Market Driver

The requirement of advanced analytics for operational efficiency is driving the global predictive analytics market growth. Data has become an asset for process enhancement, productivity, and operational proficiency. Predictive analytics enables enterprises to make strategic decisions in an effective, accurate, and quick manner, giving them a competitive advantage. Some of the critical use cases for predictive analytics are process optimization, failure point identification, scam detection, fraud mitigation, customer retention strategies, and strategic decision-making. Predictive analytics solutions provide operational and cost reduction advantages. All these factors will drive the market growth during the forecast period.

Major Predictive Analytics Companies:

Altair Engineering Inc.
Alteryx Inc.
Amazon.com Inc.
Board International SA
Cloudera Inc.
Domo Inc.
Fair Isaac Corp.
Hewlett Packard Enterprise Co.
Hitachi Ltd.
International Business Machines Corp.
KNIME AG
Microsoft Corp.
Oracle Corp.
QlikTech international AB
RapidMiner Inc.
Salesforce.com Inc.
SAP SE
SAS Institute Inc.
Teradata Corp.
Vista Equity Partners Management LLC

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Predictive Analytics Market Deployment Outlook (Revenue, USD bn, 2021-2026)

Cloud-based - size and forecast 2021-2026
On-premises - size and forecast 2021-2026

Predictive Analytics Market Geography Outlook (Revenue, USD bn, 2021-2026)

North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
South America - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026

Do you want to learn about the contribution of each segment of the predictive analytics market? View an Exclusive Free Report

Revenue-generating Deployment Segments

The cloud-based segment will have significant market share growth during the forecast period. The growth is attributed to the preference for this model by vendors, as it offers effective quality control, intuitiveness, and easy maintainability. From the vendors' perspective, the cloud-based segment is a lucrative deployment model, especially due to the easy AI and cognitive function integrations, superior scalability, flexibility, effective capacity management, low investment, and a predictable revenue curve. Some of the most widely used cloud offerings include Salesforce, Amazon Web Services (AWS), Google Drive, One Drive, and Office 365.

Regional Analysis

North America will account for 45% of the market's growth during the forecast period. The increased digitization and the early adoption of sophisticated technology will drive the predictive analytics market growth in North America during the forecast period. The US is a key country for the predictive analytics market in North America. Market growth in this region will be faster than the growth of the market in Europe.

Data Resiliency Market by Deployment and Geography - Forecast and Analysis 2022-2026

Predictive Analytics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 21.36%
Market growth 2022-2026	USD 17.00 billion
Market structure	Fragmented
YoY growth (%)	19.92
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 45%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Altair Engineering Inc., Alteryx Inc., Amazon.com Inc., Board International SA, Cloudera Inc., Domo Inc., Fair Isaac Corp., Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., KNIME AG, Microsoft Corp., Oracle Corp., QlikTech international AB, RapidMiner Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., Teradata Corp., and Vista Equity Partners Management LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments

Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment

Exhibit 26: Chart on Comparison by Deployment
Exhibit 27: Data Table on Comparison by Deployment

5.3 Cloud-based - Market size and forecast 2021-2026

Exhibit 28: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)

5.4 On-premises - Market size and forecast 2021-2026

Exhibit 32: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on On-premises - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on On-premises - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment

Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026

Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Altair Engineering Inc.

Exhibit 89: Altair Engineering Inc. - Overview
Exhibit 90: Altair Engineering Inc. - Business segments
Exhibit 91: Altair Engineering Inc. - Key offerings
Exhibit 92: Altair Engineering Inc. - Segment focus

10.4 Alteryx Inc.

Exhibit 93: Alteryx Inc. - Overview
Exhibit 94: Alteryx Inc. - Product / Service
Exhibit 95: Alteryx Inc. - Key news
Exhibit 96: Alteryx Inc. - Key offerings

10.5 Fair Isaac Corp.

Exhibit 97: Fair Isaac Corp. - Overview
Exhibit 98: Fair Isaac Corp. - Business segments
Exhibit 99: Fair Isaac Corp. - Key news
Exhibit 100: Fair Isaac Corp. - Key offerings
Exhibit 101: Fair Isaac Corp. - Segment focus

10.6 Hewlett Packard Enterprise Co.

Exhibit 102: Hewlett Packard Enterprise Co. - Overview
Exhibit 103: Hewlett Packard Enterprise Co. - Business segments
Exhibit 104: Hewlett Packard Enterprise Co. - Key news
Exhibit 105: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 106: Hewlett Packard Enterprise Co. - Segment focus

10.7 International Business Machines Corp.

Exhibit 107: International Business Machines Corp. - Overview
Exhibit 108: International Business Machines Corp. - Business segments
Exhibit 109: International Business Machines Corp. - Key offerings
Exhibit 110: International Business Machines Corp. - Segment focus

10.8 Microsoft Corp.

Exhibit 111: Microsoft Corp. - Overview
Exhibit 112: Microsoft Corp. - Business segments
Exhibit 113: Microsoft Corp. - Key news
Exhibit 114: Microsoft Corp. - Key offerings
Exhibit 115: Microsoft Corp. - Segment focus

10.9 Oracle Corp.

Exhibit 116: Oracle Corp. - Overview
Exhibit 117: Oracle Corp. - Business segments
Exhibit 118: Oracle Corp. - Key news
Exhibit 119: Oracle Corp. - Key offerings
Exhibit 120: Oracle Corp. - Segment focus

10.10 Salesforce.com Inc.

Exhibit 121: Salesforce.com Inc. - Overview
Exhibit 122: Salesforce.com Inc. - Product / Service
Exhibit 123: Salesforce.com Inc. - Key news
Exhibit 124: Salesforce.com Inc. - Key offerings

10.11 SAP SE

Exhibit 125: SAP SE - Overview
Exhibit 126: SAP SE - Business segments
Exhibit 127: SAP SE - Key news
Exhibit 128: SAP SE - Key offerings
Exhibit 129: SAP SE - Segment focus

10.12 Vista Equity Partners Management LLC

Exhibit 130: Vista Equity Partners Management LLC - Overview
Exhibit 131: Vista Equity Partners Management LLC - Product / Service
Exhibit 132: Vista Equity Partners Management LLC - Key news
Exhibit 133: Vista Equity Partners Management LLC - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 134: Inclusions checklist
Exhibit 135: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 136: Currency conversion rates for US$

11.4 Research methodology

Exhibit 137: Research methodology
Exhibit 138: Validation techniques employed for market sizing
Exhibit 139: Information sources

11.5 List of abbreviations

Exhibit 140: List of abbreviations

About Technavio

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