Artificial Intelligence
Predictive Analytics Market Projected To Hit USD 44.84 Billion at a 27.70% CAGR by 2030 – Report by Market Research Future (MRFR)
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New York, US, March 02, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Predictive Analytics Market: By Techniques, By Vertical, By Application, By Organization Size, By Deployment – Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2020 to 2030 at a healthy CAGR of approximately 27.70% to attain a valuation of around USD 44.84 Billion by the end of 2030.
Predictive Analytics Market Analysis
Market expansion is being driven by growing corporate knowledge of the value of created data that can be used to predict future outcomes using predictive analytic solutions. The amount of data collected has increased dramatically as a result of rising internet usage and the variety of ways to obtain it. This has helped to spread and enhance high-speed internet services all across the world. Also, the growing popularity of integrated and connected technologies has given providers of predictive analytics solutions a platform to profit from the phenomenal growth of the internet.
Predictive Analytics Market Competitive Landscape
Companies such as:
- SAS Institute Inc. (United States)
- Oracle Corporation (United States)
- Microsoft Corporation (United States)
- SAP SE (Germany)
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Predictive Analytics Market Report Scope:
| Report Metrics | Details |
| Predictive Analytics Market Size by 2030 | USD 44.84 Billion (2030) |
| Market CAGR during 2022-2030 | 27.70% |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Drivers | Increased R&D initiatives and strategic collaborations among industry participants |
For instance, to increase income and decide on starting lineups, the NBA’s Orlando Magic use SAS predictive analytics. The Orlando Magic organization’s business users have easy access to information. The most recent information, including the game and seat level, is now visible to the Magic. Furthermore, market expansion in this sector is anticipated to be fueled by increased consumer awareness of the advantages of predictive analytics solutions in business operations.
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Technology advancements have improved the business picture for predictive analytics as a result of COVID-19. Predictive analytics are now being used more quickly thanks to COVID-19; previously, it would have taken the markets years to do so. For example, stakeholders are profiting from prediction models to monitor COVID-19 immunisation rates.
Predictive analytics is being impacted by the epidemic as stakeholders need real-time data for their supply chains.
Global data production has expanded as a result of economic growth in many nations. As corporate data expands quickly, businesses are recruiting more and more teams of analysts and data scientists to process and evaluate collected data. As a result, businesses are using predictive analytics solutions more frequently to make better use of the data already accessible and foresee future trends. Additionally, these technologies’ enormous revenue-generating potential is accelerating their uptake. The traditional shopping experiences of consumers have been improved by e-commerce. The key elements boosting businesses’ sales include targeted online/social media advertising, email campaigns, and consumer perception analysis.
Merchants concentrate on real-time consumer purchasing behaviour analysis as linked gadgets gain in popularity. Results from real-time analytics can also be utilised to develop personalised offers that will keep customers longer.
increased strategic cooperation between industrial players
Market growth is anticipated to be fueled by rising strategic collaborations among top industry players for the advancement of predictive analytics throughout the forecast period. To create novel solutions, major market players strategically work with other businesses and research institutions. Such market-wide strategic alliances are anticipated to encourage market expansion soon. For instance, in August 2021, Altair announced the purchase of S-FRAME Software, a structural analysis platform that engineers all over the world use to assess a structure’s capacity to withstand external pressures while maintaining design code compliance.
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lack of qualified personnel with sufficient understanding of how predictive analytics solutions work
There aren’t many trained workers in the sector who are familiar with how predictive analytics solutions operate. This worries a lot of businesses in the market because qualified personnel are needed to implement and run predictive analytics systems correctly. Individuals must be skilled enough to analyse expected data and take appropriate action depending on the findings. Services like training and consulting have therefore seen significant market growth as a result of the aforementioned difficulties.
Opportunity in the development of predictive analytics solutions
Increasing improvements in the methods and procedures utilised to create predictive analytics solutions are anticipated to present considerable prospects for current enterprises.
Furthermore, there is a significant demand for these solutions due to the importance of predictive analytics measures becoming increasingly well known.
Segmentation Overview
BFSI, retail, manufacturing, government & defence, healthcare & life sciences, energy & utilities, transportation & logistics, communications & IT, and others make up the predictive analytics market segmentation by vertical. Predictive analytics market growth was dominated by the BFSI sector in 2021, and this pattern is anticipated to persist with the highest CAGR during the projected period. The need for advanced financial analytics solutions is rising along with support from the government for protecting sensitive personal and national security data. In order to create a dashboard, banks can use predictive analytics to streamline their collection processes and observe patterns of in-and-out payments at ATMs and branch locations.
Fraud detection, client engagement, and targeting are other factors fueling segment growth.
The market is divided into small and medium-sized businesses and large businesses according on organisation size. In 2021, the market was controlled by major firms. To predict future patterns based on historical data, these businesses are increasingly using predictive analytics solutions. Big businesses are also constructing their upcoming business plans based on expected results. Also, businesses gain a competitive edge via predictive analysis of enormous historical data and are able to improve their overall performance as a result.
The market is divided into on-premises and cloud deployments. The market was dominated by the cloud category as a result of technological improvements.
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North America, Europe, Asia-Pacific, and the Rest of the World are the regions into which the predictive analytics market has been segmented. The largest share of the market was in North America. The region with the highest CAGR during the predicted period will be Asia-Pacific.
For electronic article monitoring systems, the North American Region had the greatest market share in 2021. This could be attributed to technological advancements and a sizable presence of market players, especially in the US However, it is anticipated that venture capitalists’ support for new competitors will lessen market competition.
Asia-Pacific is predicted to have the greatest CAGR during the projection period. The high growth of the regional market can be attributed to the growing implementation and application of sophisticated predictive analytics technologies. Also, due to the Asia-Pacific market’s greater potential, more providers of solutions and services are setting up shop there. Additionally, the market in the region is probably being driven by rising interest in and investment in cutting-edge technologies like artificial intelligence, the Internet of Things, and machine learning.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
For media inquiries, please contact [email protected]
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