Predictive Learning Market Scope
Predictive Learning is broadly a mechanism utilising machine learning applications, in order to develop sophisticated models or scenarios with multiple possible scenarios, providing businesses with better foresight and thus decision making against uncertainties. The predictive learning takes into account both historical and current data in order to identify plausible patterns. The data provided here can be structure or unstructured in format. Growing adoption of cloud computing tools and data analytic tools is resulting in acceleration of predictive learning applications in businesses. Currently, North America is the most dominant market of predictive learning.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens AG (Germany), SAP SE (Germany), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Tableau Software (United States), FICO (United States), SAS Institute (United States), Altair Engineering Inc. (United States) and TIBCO Software (United States) |
CAGR | % |
Predictive Learning market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Siemens AG (Germany), SAP SE (Germany), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Tableau Software (United States), FICO (United States), SAS Institute (United States), Altair Engineering Inc. (United States) and TIBCO Software (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are RapidMiner (United States), Alteryx (United States) and H2O.ai (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Predictive Learning market by Type , by Application (Finance and Risk, Operations and Workforce, Customer and Channel, Sales and Marketing and Others) and Region with country level break-up.
On the basis of geography, the market of Predictive Learning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In 2020, Amplitude, Inc., a US based leader in product intelligence and digital optimization systems has announced acquisition of ClearBrain, which is an innovative predictive analytics startup. The acquisition will enable Amplitude’s customers to access data such as success rate of certain features, campaigns and product bets. The acquisition will further bolster Amplitude’s capabilities in Product Intelligence market.
In 2019, Falkonry Inc., a United States based developer and provider of Operational Artificial Intelligence and Machine Learning platform has announced launch of Falkonry Edge Analyzer, which is Industry’s first machine learning solution specifically designed for non-data scientists to carry out predictive operations in Cloud, on Premises, and at the Edge. This services will benefit many firms in the industries with embedded machine learning capabilities to enhance their capabilities in price optimization, fraud detection and much more.
Influencing Trend:
Finance and Risk Accounts for Significant Portion of the Market Share
Market Growth Drivers:
Growing Adoption of Data Analytics and Cloud Computing Solutions and Advanced in Sophisticated Programs
Challenges:
Early Stages of Development
Restraints:
High Cost of Investments in Research and Development
Opportunities:
SMEs could be Big Potential Beneficiaries of Predictive Learning Solutions enabling them to Make Better Business Decisions
Key Target Audience
Predictive Learning Developers, and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industries