The Global Data Science and Predictive Analytics Market size is expected to grow from USD 13.7 billion in 2022 to USD 58.13 billion by 2030, at a CAGR of 19.8% during the forecast period (2023-2030).

The Data Science and Predictive Analytics Market is experiencing rapid growth and transformation, driven by the increasing volume, variety, and velocity of data generated across various industries. This market encompasses a wide range of technologies, methodologies, and tools aimed at extracting actionable insights from data to drive informed decision-making and business strategy.

Key drivers of growth in the Data Science and Predictive Analytics market include the proliferation of big data, advancements in machine learning and artificial intelligence (AI), and the growing recognition of the value of data-driven decision-making. Organizations across sectors such as finance, healthcare, retail, manufacturing, and telecommunications are leveraging data science and predictive analytics to gain a competitive edge, optimize operations, and unlock new revenue streams.

Players Covered in the Data Science and Predictive Analytics Market are:

IBM (US), MICROSOFT (US), ORACLE(US), SAP (GERMANY), SAS INSTITUTE (US), GOOGLE (US), SALESFORCE (US), AWS (US), HPE (US), TERADATA (US), ALTERYX (US), FICO (US), ALTAIR (US), DOMO (US), CLOUDERA (US)

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The global Data Science and Predictive Analytics Market is in-depth and offers a comprehensive analysis of the major growth determinants, the market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Data Science and Predictive Analytics Market study. The market research includes raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope Weather Monitoring Solutions and Services Market, major leading countries/regions, market risk, and market driving force. The market prediction was based on a thorough market investigation completed by several industry experts

Segmentation Analysis of the Data Science and Predictive Analytics Market Report:

The Data Science and Predictive Analytics Market can be segmented based on various factors to provide a comprehensive understanding of the industry. Common segmentation criteria include:

By Type          

  • Solution
  • Services

By Industry Vertical

  • BFSI
  • Healthcare
  • Telecommunications and IT
  • Others

By Firm Size   

  • Large
  • Small

 Intelligent Agencies Market Share Data Market Segment by Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Opportunities:

Penetration of AI and IoT technology:

Predictive analytics is a branch of analytics that uses historical data, machine learning, and Artificial Intelligence (AI) to help users act pre-emptively. AI in predictive analytics is very productive it takes the existing data and unlocks immense value from that data. AI-powered analytics help to get leads of potential customers, and predict what target audiences want to buy or consume. This advancement and adoption of modern technology fuel the growth of the market. Additionally, IoT is giving opportunities for collecting numerous data for any industry. Social media, and multimedia, produce a lot of data and for the analysis of this massive data; companies are using data science and predictive analytics and tools to generate better futuristic results. As a result, AI and IoT are providing growth opportunities for the data science and predictive analytics market.

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