Cloud-based Predictive Analytics Platform Market (2022 - 2032)
Cloud-based Predictive Analytics Platform Market Forecast By Type (Financial, Risk, Customer, Marketing, Sales, Supply Chain, Network Analytics), By Organization Size (Large, Small and Medium Enterprises), By Vertical (BFSI, Healthcare and Life Science) - Regional Forecast to 2026
Core Findings
FREE CustomizationCloud-based Predictive Analytics Platform Market: Introduction
The rise of big data and the focus on data that is more voluminous, which comes in more varieties and arrives more quickly, have led to the growth of the cloud-based predictive analytics platform market. For the cloud-based predictive analytics platform market the shift was seen when the focus of many companies changed from buying and installing on-premise hardware to buying cloud-based services, and expanding to new cloud-based predictive analytics platforms, has been the recent trend, globally, for the IT solutions market. This has not only led to the growth of the predictive analytics market but also the growth of the cloud-based predictive analytics platform market.
Predictive analytics, the major market of which cloud-based predictive analytics platform market is a part, is used for making mathematical models - algorithms which could be used for making predictions - by applying a wide variety of mathematical techniques to historical data.
When the two approaches of predictive analytics and cloud come together, it leads to the formation of a cloud-based predictive analytics platform. The cloud-based predictive analytics platform allows predictive analytics to be more scalable, more pervasive, and easier to deploy. A cloud-based predictive analytics platform uses the advantages of the cloud to improve the ROI and time to market of the most advanced analytics.
Cloud-based Predictive Analytics Platform Market: Drivers and Challenges
One of the drivers for the cloud-based predictive analytics platform market is the reduced cost. This has made great impact on cloud-based predictive analytics platform market and has been a critical driver for cloud-based predictive analytics platform market. Also, the increasing demand for fetching insights from unstructured data like call center transcripts, email messages, social media content, and social networking site has led to the growth of the cloud-based predictive analytics platform market.
The factor which has been the major restraint for the cloud-based predictive analytics platform market is the skill gap which prevails in the market, and the requirement to draw insights from the data. Also, issues with privacy and ownership of data is another restraint for the cloud-based predictive analytics platform market.
Cloud-based Predictive Analytics Platform Market: Market Participants
Examples of some of the market participants in the global cloud-based predictive analytics platform market identified across the value chain include GoodData Corporation, International Business Machines (IBM) Corporation, Angoss Software Corporation, Dataiku, Fair Isaac Corporation (FICO), Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Alteryx, Inc., Domino Data lab, SAP SE, AgilOne, SAS Institute, Inc, Tableau Software, Inc., TIBCO Software, Inc., Exago, Inc., Teradata Corporation, and others of cloud-based predictive analytics platform market.
Cloud-based Predictive Analytics Platform Market: Regional Overview
On the basis of geography, the global cloud-based predictive analytics platform market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. Among all these regions, North America is expected to hold a major market share of the global cloud-based predictive analytics platform market during the forecast period, due to the presence of a large number of new and established players in the region for cloud-based predictive analytics platforms, and also due to the increased focus on innovating the existing platforms in the region regarding the cloud-based predictive analytics platform market.
Asia Pacific excluding Japan cloud-based predictive analytics platform market is expected to be fastest-growing during the forecast period, due to increased technology spending in countries such as India and Greater China for cloud-based predictive analytics platforms, and the booming demand for cost-effective advanced analytical platforms in the Asia Pacific excluding Japan cloud-based predictive analytics platform market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, type, organization size, and vertical.
The report covers exhaustive analysis on,
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2013 to 2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Market Value Chain
- Market Drivers and Restraints
Regional analysis includes,
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Rest of LatAm
- Europe
- EU - 4 (Germany, France, Italy, Spain)
- U.K.
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
- Rest of Europe
- CIS & Russia
- Japan
- APEJ
- Greater China
- India
- Korea
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- Turkey
- Iran
- Israel
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
Cloud-based Predictive Analytics Platform Market: Segmentation
The cloud-based predictive analytics platform market can be segmented on the basis of type, organization size, vertical, and region.
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On the basis of type, the cloud-based predictive analytics platform market can be segmented into:
- Financial Analytics
- Risk Analytics
- Customer Analytics
- Marketing Analytics
- Sales Analytics
- Supply Chain Analytics
- Network Analytics
- Web and Social Media Analytics
These are the major types of cloud-based predictive analytics platforms which are in use and could also be given for predictive analytics market.
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On the basis of organization size, the cloud-based predictive analytics platform market can be segmented into:
- Large Enterprises
- Small and Medium Enterprises
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On the basis of vertical, the cloud-based predictive analytics platform market can be segmented into:
- BFSI
- Healthcare and Life Science
- Telecommunication and IT
- Retail and e-Commerce
- Manufacturing
- Government
- Energy and Utilities
- Others
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. Organization Size
- 6.3. Vertical
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Financial Analytics
- 7.2. Risk Analytics
- 7.3. Customer Analytics
- 7.4. Marketing Analytics
- 7.5. Sales Analytics
- 7.6. Supply Chain Analytics
- 7.7. Network Analytics
- 7.8. Web and Social Media Analytics
- 8. Global Market Analysis and Forecast, By Organization Size
- 8.1. Large Enterprises
- 8.2. Small and Medium Enterprises
- 9. Global Market Analysis and Forecast, By Vertical
- 9.1. BFSI
- 9.2. Healthcare and Life Science
- 9.3. Telecommunication and IT
- 9.4. Retail and e-Commerce
- 9.5. Manufacturing
- 9.6. Government
- 9.7. Energy and Utilities
- 9.8. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. Asia Pacific
- 10.6. East Asia
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Type, Organization Size, and Vertical for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. IBM
- 20.2. SAS Institute
- 20.3. Oracle
- 20.4. Google
- 20.5. Microsoft
- 20.6. Teradata
- 20.7. Salesforce
- 20.8. AWS (Amazon Web Services)
- 20.9. NetApp
- 20.10. Qlik
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Type
Table 03: Global Market US$ Mn Forecast by Organization Size
Table 04: Global Market US$ Mn Forecast by Vertical
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Type
Table 07: North America Market US$ Mn Forecast by Organization Size
Table 08: North America Market US$ Mn Forecast by Vertical
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Type
Table 11: Latin America Market US$ Mn Forecast by Organization Size
Table 12: Latin America Market US$ Mn Forecast by Vertical
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Type
Table 15: Western Europe Market US$ Mn Forecast by Organization Size
Table 16: Western Europe Market US$ Mn Forecast by Vertical
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Type
Table 19: Eastern Europe Market US$ Mn Forecast by Organization Size
Table 20: Eastern Europe Market US$ Mn Forecast by Vertical
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Type
Table 23: Asia Pacific Market US$ Mn Forecast by Organization Size
Table 24: Asia Pacific Market US$ Mn Forecast by Vertical
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Type
Table 27: East Asia Market US$ Mn Forecast by Organization Size
Table 28: East Asia Market US$ Mn Forecast by Vertical
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Type
Table 31: MEA Market US$ Mn Forecast by Organization Size
Table 32: MEA Market US$ Mn Forecast by Vertical
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vertical
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
How is the cloud-based predictive analytics platform market expected to advance?
The market for cloud-based predictive analytics platforms is expected to surge at 20% CAGR over the forecast period.
Why does North America account for a major market share?
Rapid adoption of cloud technology and high presence of established market players make North America a dominant regional market.
Where are cloud-based predictive analytics platforms being deployed the most?
Demand for cloud-based predictive analytics platforms in the BFSI industry accounts for more than 25% share of the global market.
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