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Predictive Analytics Market to Exceed US$44.3 Billion By 2030, In-Depth Analysis By Reports Insights

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New York, March 19, 2023 (GLOBE NEWSWIRE) — The Predictive Analytics Market report by Reports Insights reveals that the market generated a revenue of USD 13.5 billion in 2022 and is anticipated to achieve USD 44.3 billion by 2030, displaying a CAGR of 18.5%. The report highlights the surging deployment of predictive analytics solutions across diverse industries and the mounting requirement for data-driven decision-making approaches.

Predictive Analytics Market Size, Share & Trends Analysis, By Solutions (Solution and Services), Deployment Type (On-Premise and Cloud), Enterprise Size (Small & Medium Enterprises, Large Enterprises), End-Use (Aerospace & Defense, Automotive & Transportation, BFSI, Healthcare, IT & Telecommunication, Media & Entertainment, Retail & E-commerce, Others), By Region and Segment, Forecast Period 2023 – 2030.

ReportsInsights Consulting Pvt. Ltd. has provided a detailed research report on the predictive analytics market, which takes into account various aspects such as market trends, value and supply chain, size, and regulatory environment. The report also analyzes the latest developments and growth opportunities in significant segments, including component, deployment type, enterprise size, end-use, and region. These factors are critical for market players to strengthen their competitiveness through mergers and acquisitions, strategic partnerships, and innovative product launches to bolster their market standing and keep up with evolving advancements in technologies. 

Apply For Free Sample Reporthttps://www.reportsinsights.com/sample/673842 

Predictive Analytics Market Growth Drivers:

  • The increasing demand for data-driven decision-making, the emerging adoption of big data, and the growing adoption of machine learning and artificial intelligence technologies among businesses to push revenue streams fueled the market statistics.
  • The rising need for real-time analytics and the increased popularity of cloud-based predictive analytics solutions also drives the market growth.
  • Growing improvements in Artificial Intelligence and Machine Learning algorithms to analyze large datasets and make predictions with high accuracy accelerates the demand for predictive analytics to understand complex analytics and make effective business decisions.

Restraints

  • The concern for data privacy and security due to analysis of large amounts of sensitive and confidential data limits the sharing of data, hindering the market adoption due to compromised accuracy of predictions.
  • The high costs of predictive analytics solutions and services hampers the market growth due to reduced adoption among small and medium sized businesses.

Competitive Landscape

As per the research, the major players in the predictive analytics market include IBM Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Microsoft Corporation, Cloud Software Group, Inc., and Siemens. These companies offer various predictive analytics solutions, such as data mining, machine learning, and forecasting, and others to cater to the increasing demand for predictive analytics tools. The market is divided into two categories: pure-play vendors and full-suite vendors. Pure-play vendors specialize in predictive analytics and offer solutions that are specifically designed for this purpose. However, full-suite vendors provide a range of analytics solutions, including predictive analytics, as part of a larger suite of products.

Recent Developments:

In October 2022, Informatica, a frontrunner in enterprise cloud data management, was announced as one of the initial partners of Microsoft Intelligent Data Platform Partner Ecosystem. The introduction of such ecosystem was revealed by Microsoft at Microsoft Ignite 2022 event, and reflects the commitment of both companies towards supporting businesses in effectively leveraging AI with secure and well-managed data.

In October 2022, Google announced a range of innovations in AI and ML, data analytics and security at Google Cloud Next ‘2022. Google’s objective was to offer a data cloud that is highly adaptable, accessible, and resilient that enables businesses to utilize their data from various sources, storage formats, and analytics techniques across different cloud providers and platforms that suit their preferences.

Immediate Delivery Available, Inquiry or Customization Request @ https://www.reportsinsights.com/enquiry/673842 

Predictive Analytics Market Snapshot :- 

Report Attributes Report Details
Market Size By 2030  USD 44.3 Billion
Forecast Period 2023-2030
CAGR (2023-2030) 18.5%
Base Year 2022
Study Timeline 2017-2030
Key Players Cloud Software Group, Inc., Microsoft Corporation, Google Cloud, Augury Inc., CFD Research Corporation, Oracle, SAS Institute Inc., Siemens, IBM, ALTERYX, INC., Axtria
By Component Solutions and Services
By Deployment Type On-Premise and Cloud
By Enterprise Size Small & Medium Enterprises, Large Enterprises
By End Use Aerospace & Defense, Automotive & Transportation, BFSI, Healthcare, IT & Telecommunication, Media & Entertainment, Retail & E-commerce, Others
Report Coverage Company Ranking and Market Share, Regional Competitive Landscape, Growth Factors, Total Revenue Forecast, Business Strategies, and more.
By Geography North America [United States, Canada, Mexico]

Asia-Pacific [China, Japan, India, Southeast Asia, Korea, Western Asia]

South America [Brazil, Argentina, Columbia, Chile, Peru]

Europe [Germany, UK, Turkey, Spain, France, Italy, Russia, Netherlands, Switzerland]

Middle East & Africa [GCC, North Africa, South Africa]

Governments are also promoting the adoption of predictive analytics in various industries. For instance, the US government launched several initiatives to promote the use of big data and advanced analytics in healthcare and other sectors. This is expected to drive the demand for predictive analytics solutions in the coming years.

Growing adoption of cloud-based data warehouses for predictive analytics will push the market statistics in upcoming years. For instance, two of the world’s largest cloud service providers (Amazon and Google) offer a minimum up-time of more than 99.95%. Amazon for EC2 Servers and Google for Cloud Storage and BigQuery.

The vast amounts of data generated by digital technologies, social media, and the internet of things (IoT) will also create large pools of data that is used to train predictive models.

Rising usage of predictive analytics in new and innovative ways such as fraud detection, supply chain optimization, and predictive maintenance will create favorable opportunities for the demand for such technologies.

Increased importance of real-time for organizations to make quick decisions based on rapidly changing data will push the statistics of predictive analytics solutions and services to respond and address rapid changes in business environment.

The availability of powerful computing resources, and big data analytics tools even as open-source software and cloud-based analytics platforms will create lucrative opportunities for market growth in terms of more accessibility and affordability for predictive analytics.

Key Market Takeaways

  • North America is anticipated to propel the statistics of predictive analytics market in terms of value and volume. The large presence of established market players as well as increased expenditures on technology advancements to bring in business optimization due to high amounts of data are factors that will create favorable circumstances for market growth in North American region.
  • As businesses in Asia Pacific face increased competition, the adoption of predictive analytics among such businesses to gain a competitive advantage will witness a sudden surge. By using data to make better decisions and optimize operations, businesses have the opportunity to improve their bottom line and stay ahead of the competition.
  • Based on component, the solution segment contributed highest shares to the market growth in 2022.
  • By deployment type, the cloud segment accounted for largest shares contribution to the market growth in 2022.
  • Based on enterprise size, the large enterprises segment contributed highest shares over 61.7% in 2022.
  • In the context of end use, the BFSI segment is expected to witness the fastest CAGR of around 15.8% during the forecast period.

Browse Full Report @ https://www.reportsinsights.com/industry-forecast/global-predictive-analytics-market-statistical-analysis-673842 

List of Major Predictive Analytics Market Players

• Cloud Software Group, Inc.

• Microsoft Corporation

• Google Cloud

• Augury Inc.

• CFD Research Corporation

• Oracle

• SAS Institute Inc.

• Siemens

• IBM

• ALTERYX, INC.

• Axtria

Global Predictive Analytics Market Segmentation: 

  • By Component
    • Solutions
    • Services
  • By Deployment Type
    • On-Premise  
    • Cloud
  • By Enterprise Size
    • Small & Medium Enterprises
    • Large Enterprises
  • By End Use
    • Aerospace & Defense
    • Automotive & Transportation
    • BFSI
    • Healthcare
    • IT & Telecommunication
    • Media & Entertainment
    • Retail & E-commerce
    • Others

Key Questions Covered in the Predictive Analytics Market Report

What is the current size of predictive analytics market?

What is the expected CAGR of global market of predictive analytics from 2023 to 2030?

What factors drive the predictive analytics market growth?

Which region is expected to boost the market statistics in terms of value and volume?

 Which major players function in the current market circumstances?

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Predictive Analytics And Machine Learning Market Size, Regional Trends, Growth, By Regions (North America, Europe, Asia Pacific, South America, Middle East And Africa), Segment Analysis, Key Technology Landscape, Market Dynamics, and Forecast (2023-2028)

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Tata Elxsi and Telefónica Collaborate to Achieve True Cloud-Native Infrastructure Management, Revolutionising Telecommunications Landscape

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BENGALURU, India and BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ — Tata Elxsi and Telefónica proudly announce a groundbreaking achievement in the realm of the automation of cloud infrastructure for telecommunications, with the successful implementation of true cloud-native infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This milestone represents a significant evolution in network management, enabling operators to build intent-driven network systems with unprecedented efficiency and agility.

Through this collaboration, Tata Elxsi and Telefónica have enhanced the capabilities of OSM, introducing innovative features such as infrastructure automation, serverless operations execution environments, and the deployment of multi-cloud Platform-as-a-Service (PaaS) solutions. These advancements mark a new phase in the evolution of Telco Cloud technologies and signify a commitment to driving digital transformation across the telecommunications industry.
The integration of OSM with Tata Elxsi’s award-winning NEURON platform represents a pivotal moment in multi-domain transformation towards autonomous network systems. NEURON’s business intent-driven functionalities, coupled with OSM’s platform, provide operators with unparalleled control and flexibility in managing complex infrastructures.
“In our collaboration with Tata Elxsi, our objective is to advance the boundaries of technology and standardization, propelling operators towards cloud-native agility,” emphasised Francisco-Javier Ramón, Multicloud Tools Manager in gCTIO Unit at Telefónica.
“We are thrilled to partner with Telefónica to revolutionize the orchestration landscape,” commented B. Ramesh Ramanathan, Principal Architect, CTO Office at Tata Elxsi. “This collaboration enhances our presence within the open-source community and propels NEURON towards the realm of 5G and beyond and autonomous networks.”
The strategic collaboration between Tata Elxsi and Telefónica sets the stage for future advancements in Telco Cloud technology, paving the way for cutting-edge solutions that address the evolving needs of the telecommunications industry.  Powered by OSM, NEURON now possesses the capability to seamlessly integrate infrastructure, services, security, networking, and configuration into a unified, intent-driven deployment.
Please visit MWC Hall 2 – 2A53MR to see the joint demonstration by Telefónica and Tata Elxsi.
About Tata Elxsi
Tata Elxsi is a global design and technology services company that blends technology, creativity, and engineering to help customers transform ideas into world-class products and solutions. With expertise in industries such as automotive, broadcast, communications, healthcare, and more, Tata Elxsi is committed to driving innovation and delivering value to its clients worldwide. For more information, visit www.tataelxsi.com.
About Telefónica:
Telefónica is a leading telecommunications company operating in Europe and Latin America. With a presence in over 15 countries and a customer base exceeding 350 million, Telefónica is committed to providing cutting-edge solutions and services that enable individuals, businesses, and communities to connect and thrive in the digital world.
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Netcore Unbxd’s Strategic Expansion in Europe Fuels 150% Revenue Growth, Redefining Ecommerce in Europe

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LONDON, Feb. 27, 2024 /PRNewswire/ — Netcore Unbxd, a leading AI-powered Commerce Search and Product Discovery landscape player, proudly announces exceptional growth in the UK and European markets. This growth which has tripled in the last year, is marked by the successful onboarding of market-leading retailers, including Waitrose, Unilever Europe, Camper Footwear, Dobbies, Alohas, OceansApart, Goodform, and ResMed Europe. What sets this accomplishment apart is its tangible impact on the retailer’s bottom line, as they leverage the advanced capabilities of Netcore Unbxd’s platform, resulting in an impressive 40% surge in revenue and a substantial 25% increase in conversions.

As a wholly owned subsidiary of Netcore Cloud Pvt Ltd, Netcore Unbxd has strategically scaled its teams across key markets in the UK, France, Spain, and Portugal. Unbxd’s data infrastructure spans five regions, including one in the EU. Additionally, the region has established a comprehensive Go-To-Market (GTM) team comprising skilled professionals in customer success, account management, and sales to reinforce its commitment to providing exceptional services and support to its expanding clientele.
Netcore Unbxd’s success lies in the compelling stories of its customers, which include:
Fishpools, a significant player in the UK furniture industry, experienced a 51% increase in Average Order Value (AOV) and a 20% surge in search-related revenue within 12 months of implementing the Unbxd platform.Wex Photo Video, a leading electronics retailer, saw a remarkable 35% reduction in bounce rates within the same period.The company’s recognition as a leader in the Forrester Wave report in the Commerce Search and Product Discovery category in Q3 of 2023 further solidifies its position in the market. This is in addition to Netcore’s previous recognition as a top vendor in Email Marketing Services (Q1 2022) and Cross-Channel Marketing (Q1 2023).
Netcore Unbxd’s advanced AI technology empowers retailers to deliver highly personalised shopping experiences, optimising product discovery and ensuring a seamless shopper journey. The region’s platform has been highly successful, offering enterprise features such as omnichannel search, natural language processing (NLP) models, and multi-language understanding. Recent collaborations with industry leaders such as Unilever and Waitrose highlight the platform’s effectiveness across diverse UK and European sectors.
Nishant Jain, COO of Netcore Unbxd, stated, “Our vision is to revolutionise the ecommerce landscape by leveraging AI technologies like large language models (LLMs) and vector models to enhance product discovery. Netcore Unbxd, a platform designed for enterprise retailers, has observed a significant 150% growth in revenue within the region over the past year.”
Laura Burbedge, Director of Online at Waitrose, said, “We know that our customers are busy and have lots of demands on their time – they need to be able to fill their online shopping trolley quickly and easily with minimal effort. Through working with Unbxd we have already seen a significant improvement in customer satisfaction with our search feature, with more personalised results.”
As AI continues to evolve in ecommerce, Netcore Unbxd remains well-positioned to leverage innovative solutions that empower businesses to stay ahead of the curve.
About Unbxd
Netcore Unbxd is a cutting-edge AI-powered product discovery platform that elevates the ecommerce experience with personalised interactions. By providing a range of solutions, including contextually relevant Search, Personalisation, and Product Recommendations, alongside an intelligent Product Information Management (PIM) platform and an intuitive merchandising console, Unbxd offers brands the tools to optimise their ecommerce objectives. Noteworthy global brands such as Unilever, MattressFirm, Waitrose, Advance Auto Parts, Dillard’s, The Children’s Place, HSN, and Wex have trusted Unbxd. Across the world, Unbxd consistently delivers exceptional shopping journeys to countless online visitors at scale.
Media Contact:Mekhala [email protected] 
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ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

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IFS Cloud ERP will streamline ZwickRoell’s processes to reduce complexity and improve efficiencies to build business resilience.
LONDON, Feb. 27, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business’ requirements needed to support its strategic growth plans.  Amid industry challenges, including global supply chain disruption, meeting sustainability goals and readiness for increased automation, ZwickRoell sought a new solution that would simplify its daily operations and eliminate existing IT operating risks.
IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency. With IFS Cloud, ZwickRoell will benefit from a single, composable digital platform that is designed to fit the needs of its complex manufacturing cycle today, from product development through to service and maintenance, and scale in future.
A key advantage of IFS Cloud is its evergreen model, which allows ZwickRoell to seamlessly integrate composable business applications across ERP, Enterprise Asset Management (EAM) and Field Service Management (FSM) as needed, enabling a solid data foundation across organization, and therefore delivering faster time to insight and minimizing costs. IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell’s key requirements.
Klaus Cierocki, CEO of ZwickRoell, said: “We are excited to begin a new chapter with IFS. Their manufacturing industry expertise and leading enterprise software differentiated them during the competitive selection process and they have given us complete confidence that they will support. IFS Cloud will provide us with the single platform that we knew was necessary to properly support our entire manufacturing and production cycle, ultimately helping us deliver better value to our customers and to build resiliency and agility into our business.”
Frank Beerlage, Managing Director DACH, IFS, said: “ZwickRoell is a strong family-run organization with traditions reaching back 160 years. Its values of honesty and fairness and its commitment to its customers are deeply aligned with IFS’s own mission. Globally, we are seeing manufacturers are increasingly accelerating their adoption of cloud-enabled solutions to enable the agility needed in the face of global challenges. We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans.”
The scale of deployment will include 1,390 users and two sites in Germany and Austria, with an 18-month global rollout to follow.
About ZwickRoell
For more than 160 years ZwickRoell has delivered outstanding technical performance, innovation and quality, in materials and component testing. ZwickRoell testing machines are used in R&D and quality assurance in more than 20 industries with one common goal – reliable test results This is ensured by a team of 1,900 dedicated employees in +50 countries, with competence, openness and passion.
Learn more about how automation and digitalization can make testing processes more efficient, simpler and safer at zwickroell.com  
About IFS
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Press Contacts:EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7018 607 299
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