Predictive Analytics Market Share

North American Market Statistics Forecast

The predictive analytics market in the North American region will hold the largest share, with a share of about 46% by the end of 2037. The landscape growth in the region is expected to grow on account of the surge in the emergence of new ventures and startups in the United States and Canada, as more people are investing in startups and other initiatives since the region has access to finance from a variety of sources, including angel investors, venture capitalists, and crowd funding platforms.

Furthermore, as a result, there is a rising need for predictive analytics in the field so that a company can better prepare for the changing tides, plan for demand fluctuations, and forecast future results using data from the past. For instance, more than 330000 new firms were established in the US in the second quarter of 2023.

Moreover, there has been a surge in smartphone usage, along with the generation of data in corporate enterprises, which is further driving industrial growth and boosting the market revenue share.

APAC Market Statistics

The Asia Pacific region will also encounter a huge influence on the predictive analytics market size expansion during the forecast period and will account for the second position attributed to the growing popularity of data analytics.

In the past few years, data analytics in India has grown owing to an exponential increase in internet users. Impelled by this, the importance of data-driven decision-making has grown in the area, which has expanded the use of predictive analytics to help organizations make informed choices. According to estimates, the analytics market in India is anticipated to reach over USD 118 billion by 2026. For instance, the banking sector in India spent more than 18% of its total budget on big data and analytics in 2021.