Asia Pacific predictive analytics market is expected to grow at an impressive rate during the forecast period. The Asia Pacific predictive analytics market is driven by the widespread adoption of big data analytics tools and solutions in the region. Additionally, increasing volumes of data need to be properly managed and analyzed to develop an understanding out of it and make necessary predictions or analysis. This in turn is positively impacting the market growth through 2027. Furthermore, increasing technological advancements and new analytical tools & techniques launches by the major vendors operating in the market is expected to create lucrative opportunities for the market growth during the forecast period. However, lack of skilled professionals to study the data and derive out predictions from it can hamper the growth of market over the next few years. Besides, lack of awareness and adoption in some countries in the region further impedes the market growth.
The Asia Pacific predictive analytics market is segmented based on component, deployment mode, organization size, business function, application, end user industry, company, and region. Based on component, the market can be bifurcated into solution and service. The solution segment can further be categorized into customer analytics, financial analytics, marketing & sales analytics, network analytics, risk analytics, supply chain analytics, web & social media analytics and others. The customer analytics segment is expected to dominate the market during the forecast period. This can be ascribed to the growing need to understand consumer buying behavior and preferences. Additionally, it also helps in the identification of the consumer loyalty towards the brand. Based on deployment mode, the market can be divided into on-premises and cloud. The cloud segment is expected to dominate the market owing to its scalability, flexibility, 24/7 availability, auto update feature and its role in reducing operational costs. Based on organization size, the market can be split into large enterprises and SMEs. The large enterprises segment is expected to dominate the market on account of increased adoption of predictive analytics to predict future outcomes. The SMEs segment is also expected to witness significant growth owing to the growing need of enhancing operational performance at minimal costs in the SMEs.
The major players operating in the predictive analytics market are Microsoft Corporation, IBM Corporation, SAP SE, Siemens AG, General Electric Company, Schneider Electric Company, Oracle Corporation, NTT Data Corporation, SAS Institute, Inc, Tableau Software, Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze and estimate the market size of Asia Pacific predictive analytics market from 2017 to 2020.
- To estimate and forecast the market size of Asia Pacific predictive analytics market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Asia Pacific predictive analytics market based on component, deployment mode, organization size, business function, application, end user industry, company, and regional distribution.
- To identify dominant region or segment in the Asia Pacific predictive analytics market.
- To identify drivers and challenges for Asia Pacific predictive analytics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia Pacific predictive analytics market.
- To identify and analyze the profile of leading players operating in Asia Pacific predictive analytics market.
- To identify key sustainable strategies adopted by market players in Asia Pacific predictive analytics market.
Click here to download the sample
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Predictive analytics provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to predictive analytics
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Component · Deployment Mode · Organization Size · Business Function · Application · End User Industry |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand & Vietnam |
| Key companies profiled | Microsoft Corporation, IBM Corporation, SAP SE, Siemens AG, General Electric Company, Schneider Electric Company, Oracle Corporation, NTT Data Corporation, SAS Institute, Inc, Tableau Software, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
