Data Science and Predictive Analytics Market Analysis

Component (Solutions, Services)

With a 58% revenue share during the anticipated period, the solution sector leads the data science and predictive analytics market growth. The market for data science and predictive analytics has a sizable section dedicated to the solution. Analytics pertaining to customers, networks, risks, finances, marketing, supply chains, online and social media, and other areas. This technology offers analytical answers for the whole of this category. These solutions are developed using data from an existing source, and after analysis, the customer receives a specific number to move on.

Application (Financial Risk Analysis, Marketing & Sales Analysis, Customer Analysis, Supply Chain Analytics)

The customer analytics sector is expected to hold 30% share of the global data science and predictive analytics market in the near future. Customer intelligence is a systematic and sophisticated analytical method that businesses are increasingly using to analyse consumer behaviour. Businesses utilize this information to improve their total income creation and make critical business decisions. Additionally, customer analytics, which includes methods like predictive modelling and data visualisation, aids businesses in boosting customer lifetime value (CLV), winning over new clients, and keeping hold of current ones. The customer analysis market, which was valued at USD 6.25 in 2018, is anticipated to increase at a CAGR of 19.34% from 2023 to 2030, reaching USD 30.69 billion.

Our in-depth analysis of the global market includes the following segments: