Data Science and Predictive Analytics Market Share

North American Market Forecast

North America industry is estimated to dominate majority revenue share of 35% by 2037. In comparison to other areas, North America is predicted to have the greatest rate of adoption of predictive analytics solutions. The fact that several industrialized nations, like Canada and the US, are present in this region is the key factor influencing the rising adoption rate. It is an economically robust, technologically developed area. As a result, there is a high rate of adoption of cutting-edge technology, which contributes to the market expansion in the North American area. Additionally, during the anticipated period, the market for data science and predictive analytics would grow due to advancements in new developing technologies and R&D carried out by solution-providing firms in this area.

European Market Statistics

The Europe data science and predictive analytics market is projected to be 28%. The main element influencing the market expansion in this area is the presence of significant major players and the high adoption rate of data science and predictive analytics solutions. In addition, this region's healthcare and life sciences industry is flourishing because of its robust economy, infrastructure, and R&D activities. The healthcare and life sciences industries produce a large amount of data. The use of digital technologies such as big data, and predictive analytics, which gather, process, and aid to sustain hospital performance, creates enormous amounts of information that are very difficult for older technologies to handle.