Product ID: SQMIG45A2063
Report ID:
SQMIG45A2063 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
149 |
Figures:
78
In terms of market share, North America dominated the global market. This can be linked to developments in technology and the prominence of market participants, particularly in the United States. Also, venture capitalists' investment in new competitors is expected to lessen competitiveness in the market. Growing developments in the methods and procedures used to develop predictive analytics solutions are expected to provide important commercial opportunities to existing enterprises. Furthermore, there is a high demand for these solutions due to growing knowledge of predictive analytics techniques and their significance.
Asia Pacific is expected to have the highest CAGR during the forecast period. The regional market has grown quickly due to the quick adoption and deployment of advanced predictive analytics technologies. Also, the Asia Pacific market's greater potential encourages solutions and service providers to increase their presence there. Also, it is expected that the market in the region will be driven by rising attention to and investments in emerging technologies like artificial intelligence, IoT, and machine learning.
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REQUEST FREE CUSTOMIZATIONPredictive Analytics Market size was valued at USD 10.5 billion in 2019 and is poised to grow from USD 12.78 billion in 2023 to USD 61.49 billion by 2031, growing at a CAGR of 21.7% in the forecast period (2024-2031).
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Product ID: SQMIG45A2063