Predictive and Video Analytics Markets Set for Explosive Growth by 2031

Predictive Analytics Market to Witness 19.2% CAGR by 2031 | SkyQuest Technology

Westford, USA, Aug. 29, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Predictive Analytics Market will attain the value of USD 61.49 billion by 2031, with a CAGR of 21.7% during the forecast period (2024-2031). Predictive analytics is a method of analyzing historical and predictive activity. These analyzes are conducted using a variety of techniques such as automated machine learning and statistical analysis. Several methods are used to prepare for the development of predictive models. These models can then be used to (quantify) the probability of an event. Predictive analytics software analyzes and measures the likelihood of devices, customers, etc. behaving using available resources. Forecasts allow companies to prepare in advance for specific customer needs. By anticipating customers and developing products for different companies, they gain competitive advantage. This technology will completely replace the old practice of building a product based on marketing research, then collecting user feedback. Download a detailed overview: https://www.skyquestt.com/sample-request/predictive-analytics-market Browse in-depth TOC on " Predictive Analytics Market " Pages - 157Tables - 149Figures - 78 Predictive Analytics Market Overview: Report CoverageDetailsMarket Revenue in 2023USD 12.78 BillionEstimated Value by 2031USD 61.49 BillionGrowth RatePoised to grow at a CAGR of 21.7%Forecast Period2024-2031Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments CoveredComponent, Deployment Type, Enterprise Size and End-UserGeographies CoveredNorth America, Europe, Asia-Pacific, and the Rest of the worldReport HighlightsUpdated financial information / product portfolio of playersKey Market OpportunitiesIncreased Strategic Collaboration Between Industrial Players Key Market DriversIncreasing Expansion of Cloud Adoption Service Segment to Dominate Due to Increased Adoption of Predictive Analytics Solutions The service segment is expected to dominate rapidly throughout the forecast period. Increasing adoption of predictive analytics solutions across various industrial verticals is driving service segment expansion. The market is divided into three service segments: support and maintenance, training and consulting, and service /installation services. The deployment/installation services segment is predicted to grow rapidly during the launch period. This is due to the increasing use of predictive analytics technologies on cloud platforms. Consumer Analytics Segment to Drive Market Due to Increase Customer Lifetime Value The consumer analytics segment is expected to grow the fastest during the forecast period. Consumer intelligence is a systematic and sophisticated research methodology widely used by companies to understand consumer behaviour. Companies use this information to improve their overall revenue and make important business decisions. In addition, customer analytics including techniques such as predictive modeling and data visualization help businesses increase customer lifetime value (CLV), acquire new customers and retain current customers. North America is Dominating Due to Increasing Development of Methodologies North America dominated the global market. This can be linked to technological developments and the establishment of market participants, especially in the United States. In addition, venture capitalists' investments in new competitors are expected to reduce market competition. The increasing development of methodologies and techniques for predictive analytics solutions is expected to provide significant commercial opportunities for existing companies. Moreover, this solution is in high demand due to the growing awareness of predictive analytics techniques and their importance. Asia-Pacific is expected to witness the highest CAGR during the forecast period. The rapid adoption and deployment of advanced predictive analytics technologies has fueled the rapid growth of the regional market. Furthermore, the vast potential of the Asia Pacific region in the market encourages solution and service providers to increase their presence. Furthermore, the market in this segment is expected to originate from increasing focus and investment on emerging technologies such as artificial intelligence, IoT and machine learning. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/predictive-analytics-market Drivers Increased Strategic Collaboration Between Industrial PlayersIncreasing Data Generation Restraints Lack of Available Experts with Sufficient KnowledgeShortage of Skilled Professionals Prominent Players in Predictive Analytics Market The following are the Top Predictive Analytics Companies Alteryx, Inc.Angoss Software CorporationRapidMiner, Inc.KNIME AGTIBCO Software Inc.Teradata CorporationMicroStrategy IncorporatedTableau Software, LLCInformation Builders Inc.Dataiku SASIBM Watson HealthAyasdi, Inc.Dell Inc.Minitab, Inc. View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/predictive-analytics-market Key Questions Answered in Predictive Analytics Market Report How big is the Global Predictive Analytics Market? What are the opportunities of Global Predictive Analytics Market size? What are the key drivers in the Global Predictive Analytics Market? Which is the fastest growing region in the Global Predictive Analytics Market? This report provides the following insights: Analysis of key drivers (increased strategic collaboration between industrial players), restraints (lack of available experts with sufficient knowledge), opportunities (increasing expansion of cloud adoption), influencing the growth of Predictive Analytics Market. Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Predictive Analytics Market. Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Predictive Analytics Market. Market Growth: Detailed information on profitable growing industries. Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market. Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players. Related Reports: Data Analytics Market Video Analytics Market Location Analytics Market Sports Analytics Market Customer Journey Analytics Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Mr. Jagraj Singh Skyquest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ Market News and Data brought to you by Benzinga APIs

Video Analytics Market to Surpass $ 44.7 billion by 2031 | SkyQuest Technology

Westford, USA, Aug. 29, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global video analytics market will attain a value of $ 44.7 billion by 2031, with a CAGR of 22.3% during the forecast period (2024-2031). The capacity of analytics-integrated video software to analyze live or previously recorded video streams to find, classify, and follow behavior patterns and predefined objects is one of the key reasons driving the market. Standard surveillance networks can be completely transformed by smart detection and alarm systems for people, cars, and fixed objects that use real-time video analytics with high-performance capabilities. The development of the global video analytics market has been aided by real-time event detection, which has improved social conditions and the climate for international trade. It has also contributed to a decrease in crimes, thefts, and other unlawful activities. Download a detailed overview: https://www.skyquestt.com/sample-request/video-analytics-market Browse in-depth TOC on the " Video Analytics Market " Pages - 157Tables - 125Figures - 77 Video Analytics Market Overview: Report CoverageDetailsMarket Revenue in 2023$ 8.9 billionEstimated Value by 2031$ 44.7 billionGrowth RatePoised to grow at a CAGR of 22.3%Forecast Period2024-2031Forecast UnitsValue (USD Billion) Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments CoveredOffering, Deployment, Application, Type and IndustryGeographies CoveredNorth America, Europe, Asia-Pacific, and the Rest of the worldReport HighlightsReal-time event detection through video analyticsKey Market OpportunitiesIncrease in demand for customized video analytics solutionsKey Market DriversRise in demand for real-time event detection Crowd Management is the Dominant Segment, Owing to Advancements in Computer Vision Crowd management is the most popular category in the video analytics market because it is essential to enhance both public safety and operational effectiveness in crowded areas. Through the analysis of video feeds, crowd management systems keep an eye on crowd density, spot abnormalities or potential events, and optimize resource allocation in real-time. This capability is invaluable in many settings were maintaining law and order, ensuring safety, and promoting better crowd flow are major considerations, such as stadiums, airports, public events, and concerts. Furthermore, advancements in computer vision and artificial intelligence have reinforced the scalability and precision of crowd management solutions, hence expediting their broader application. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/video-analytics-market Government Sector is the Fastest-Growing Segment in the Video Analytics Market, Attributed to Rise in the Use of Video Analytics Tools The increase in market share for the government sector segment will be significant during the projection period. In the public sector, video analytics tools are widely used. Government and military site security is enhanced and improved by the efficient administration of data collection and analysis. Since situational awareness is a basic requirement at military facilities, information obtained via the application of video analytics contributes to an increased level of situational awareness on the grounds. In this sector, video analytics systems are utilized for the collection, aggregation, screening, and processing of any type of input, including unstructured data and live feeds. Systems of this type facilitate the integration and optimization of all results and resources. North America held the Highest Market Share Due to Presence of Significant Players Within the Industry North America held the largest market share during the forecast period. The introduction of new technologies and the presence of major players such as IBM Corporation, Honeywell International Inc., Cisco Systems, Motorola Solutions (Avigilon), and others are expected to drive demand for video content analytics solutions in the US and Canada. End users are actively seeking to combine cutting-edge technology with video analytics in the US and Canada. Asia-Pacific is Anticipated to Maintain Its Leadership During the Forecast Period, Owing to Expansion of Retail Industry The Asia-Pacific is the fastest-growing segment. The region is expected to use video analytics more often due to improvement in surveillance operations for national security and government-funded smart city projects. Both the major changes that the ICT sector is projected to endure in the upcoming years and the rise of the global video analytics market in countries such as China and India are being driven by the retail industry. Video Analytics Market Insights Drivers: Advancements in AI and MLIntegration with IoT and cloud computingIncrease in demand for security and surveillance Restraints: High implementation costsAccuracy and reliability issuesPrivacy concerns Major Players Operating Within the Video Analytics Market The following are the Top Video Analytics Companies IBM CorporationAgent Vi Ltd.Honeywell International Inc.Cisco Systems Inc.Qognify, Inc.BriefCam Ltd.Ipsotek Ltd.Digital Barriers Plc.Genetec Inc.Milestone Systems A/S Key Questions Covered in the Video Analytics Market What are the factors restricting the market growth?Which key players are operating within the Video Analytics market?What are the opportunities present in the market? View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/video-analytics-market This report provides the following insights: Analysis of key drivers (advancements in AI and ML and integration with IoT), restraints (high implementation costs), opportunities (increase in demand for customized video analytics solutions), and challenges (security and privacy concerns) influencing the growth of the video analytics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the video analytics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the video analytics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players. Related Reports: Data Analytics Market Predictive Analytics Market Customer Journey Analytics Market Video Analytics Market Location Analytics Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Mr. Jagraj Singh Skyquest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ Market News and Data brought to you by Benzinga APIs