Predictive analytics market to reach $28.1 billion by 2026, driven by AI adoption

From GlobeNewswire: 2024-05-30 10:00:00

The global Predictive Analytics Market is projected to reach USD 28.1 billion by 2026, growing at a CAGR of 21.7%. Factors like AI adoption and product launches will drive market growth. Top companies in the market include IBM, Microsoft, and Oracle. Predictive analytics helps businesses make informed decisions with flexible and scalable solutions.

Predictive analytics uses algorithms and methodologies to extract business insights from structured and unstructured data. Market segments include financial, risk, and marketing analytics. Cloud deployment is expected to grow due to scalability. SMEs are adopting cloud solutions at a faster rate. The BFSI sector dominates the market, with North America leading in technology adoption.

North America is expected to dominate the Predictive Analytics Market, with APAC growing due to technology investments. Various market segments include BFSI, manufacturing, and healthcare. Cloud solutions offer benefits to SMEs, while large enterprises hold a larger market share. Regions covered are North America, Europe, APAC, Latin America, and MEA.



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