[250 Pages Report] That predictive analytics market Revenue has been estimated at $10.5 billion in 2021 and is projected to grow at a CAGR of 15.8% from 2022 to 2032, according to a recent Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55.5 billion. According to the Right Scale 2019 State of the Cloud survey, 94% of organizations are using cloud deployment. As of now, the cloud contains more than half of all enterprise data, and this trend is expected to continue as cloud-based predictive analytics grows.
| attributes | details |
| CAGR of Global Predictive Analytics Market (2022-2032) | 15.8% |
| Global Predictive Analytics Market Size (2022) | $12.8 billion |
| Global Predictive Analytics Market Size (2032) | $55.5 billion |
| Predictive analytics market size in North America (2022) | $5.1 billion |
| US Predictive Analytics Market CAGR (2022-2032) | 15.7% |
| Major businesses covered |
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Predictive analytics is preferred for cloud deployment as it is intuitive and easy to maintain. The cloud-based segment is a viable deployment choice due to the ease with which AI and cognitive capabilities can be integrated, according to the manufacturer. It is possible to achieve more scalability, agility and improved resource management, less investment and a reliable revenue curve. Google Drive, One Drive and Office 365 are three of the most popular cloud services.
Predictive analytics at Google is based on Google Cloud AI and machine learning technologies and services. Organizations can use current tools and models to go beyond knowing what happened in the past and provide the best assessment of futuristic estimates. Specialists can develop complicated models with Vertex AI…
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