Press Release

Global Data Science and Predictive Analytics Market Expands with Solution Segment at a robust CAGR

The increasing global data science and predictive analytics market is driven by big data explosion, advancements in artificial intelligence and machine learning during the forecast period 2024-2028.


According to TechSci Research report, “Global Data Science and Predictive Analytics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, The global Data Science and Predictive Analytics market has witnessed an unprecedented surge in growth driven by the ever-increasing importance of data-driven decision-making in today's digital era. This expansive market encompasses a wide array of solutions and services aimed at extracting valuable insights from data, empowering organizations to optimize processes, enhance operational efficiency, and gain a competitive edge. One of the fundamental drivers behind this market's growth is the exponential explosion of big data. The proliferation of digital devices, the Internet of Things (IoT), and the relentless generation of data from various sources have led to vast data sets that hold untapped potential. Businesses across sectors are realizing the significance of harnessing this data treasure trove, giving rise to a thriving Data Science and Predictive Analytics market.

Advancements in artificial intelligence (AI) and machine learning (ML) technologies have also played a pivotal role. These technologies empower data scientists and analysts to build intricate predictive models, automate decision-making processes, and unearth valuable insights from data. Whether it's predictive maintenance in manufacturing, personalized recommendations in e-commerce, or precision medicine in healthcare, AI and ML are driving innovation and delivering tangible benefits.

Moreover, industry-specific use cases have come to the forefront, with organizations recognizing that tailored analytics solutions are essential for addressing their unique challenges. From healthcare to finance, businesses are turning to Data Science and Predictive Analytics to gain a competitive edge within their respective domains.

Cloud deployment has emerged as the dominant choice for organizations seeking scalability, cost-efficiency, and flexibility. Cloud-based data analytics solutions offer rapid deployment, accessibility from anywhere, and seamless integration with other cloud services, reshaping how businesses approach data analytics.

Large enterprises, equipped with substantial resources, extensive data volumes, and global operations, have been instrumental in pushing the boundaries of the Data Science and Predictive Analytics market. Their investments set industry standards and inspire innovation, making them pivotal players in this evolving landscape. North America, particularly the United States, has established itself as a dominant force in this global market. The region's technological innovation hubs, early adoption of data-driven practices, access to extensive data sources, a robust ecosystem of tech giants, and stringent regulatory environments have collectively solidified its leadership position. The Data Science and Predictive Analytics market's trajectory points towards continued growth and innovation. As organizations worldwide recognize the transformative potential of data analytics, this market will continue to evolve, with technology advancements and a growing emphasis on ethical data usage shaping its future.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Data Science and Predictive Analytics Market."


The global data science and predictive analytics market is segmented into component, deployment, enterprise type, application, end user, and region. Based on component, the market is segmented into solution, service. Based on deployment, the market is segmented into cloud, and on-premise. Based on enterprise type, the market is segmented into large enterprises, small and medium enterprises (SMEs). Based on application, the market is segmented into financial risk analysis, marketing & sales analysis, customer analysis, supply chain analytics. Based on end user, the market is segmented into BFSI, Automotive, IT & telecom, healthcare, retail, energy & utility, government, others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Based on enterprise type, large enterprises dominated in the global data science and predictive analytics market in 2022. Large enterprises have greater financial resources, allowing them to invest heavily in data science and predictive analytics initiatives. They can afford to build and maintain dedicated data analytics teams, invest in advanced analytics tools, and allocate significant budgets to data-related projects. This financial strength provides large enterprises with a competitive advantage in leveraging data for decision-making and innovation.

Large enterprises typically generate and manage vast volumes of data due to their extensive operations, customer base, and supply chains. Analyzing such complex and diverse datasets requires advanced data analytics capabilities, which are readily available to large enterprises. These organizations can tackle the intricacies of big data and extract valuable insights from them. Large enterprises often face intense competition in their respective industries. To maintain or gain a competitive edge, they turn to data science and predictive analytics to drive innovation, enhance operational efficiency, and improve customer experiences. The ability to make data-driven decisions helps large enterprises stay agile in a fast-paced business environment.


Key market players in the global data science and predictive analytics market are: -

  • Accenture plc
  • Vention, Inc.
  • Absolutdata Analytics Pvt. Ltd.
  • Salesforce, Inc.
  • Manthan Software Services Pvt. Ltd.
  • LatentView Analytics Private Limited
  • Oracle Corporation
  • SG Analytics, Inc.
  • Mu Sigma Inc.
  • Fractal Analytics Private Limited


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“The Global Data Science and Predictive Analytics Market are experiencing robust growth, driven by the increasing importance of data-driven decision-making. This dynamic market offers a wide range of solutions and services to extract valuable insights from data, enabling organizations to enhance operational efficiency and gain a competitive edge. Key drivers include the explosion of big data, advancements in AI and machine learning, industry-specific applications, and the adoption of cloud-based deployment. Large enterprises, with their financial strength and global reach, play a pivotal role in shaping the market. North America leads the market due to technological innovation and early data-driven adoption. The future promises continued growth and innovation as organizations embrace data analytics for informed decision-making.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Data Science and Predictive Analytics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Solution, Service), By Deployment (Cloud, and On-premise), By Enterprise Type (Large Enterprises, Small and Medium Enterprises (SMEs)), By Application (Financial Risk Analysis, Marketing & Sales Analysis, Customer Analysis, Supply Chain Analytics), By End User (BFSI, Automotive, IT & Telecom, Healthcare, Retail, Energy & Utility, Government, Others), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Global Data Science and Predictive Analytics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Data Science and Predictive Analytics Market.


Mr. Ken Mathews

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: [email protected]               


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