Predictive Analytics Market Regional Analysis:
North American Market Insight
North American region is estimated to account for around 46% predictive analytics market share by 2035. The landscape growth 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 Insight
Asia Pacific region is estimated to account for significant predictive analytics market share by 2035, accounting 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. For instance, the banking sector in India spent more than 18% of its total budget on big data and analytics in 2021.
