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Predictive Analytics Market size to grow by USD 21.60 billion from 2022 to 2027, The growing need to detect fraud and scams is a key factor driving market growth, Technavio

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NEW YORK, March 1, 2024 /PRNewswire/ — The “predictive analytics market by end-user (BFSI, retail and e-commerce, telecom and IT, transportation and logistics, and others), deployment (cloud-based and on-premise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027″ report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the market between 2022 to 2027 is USD 21.60 billion, according to Technavio. The growing need to detect fraud and scams is a key factor driving market growth. The need for fraud detection in the social and mobile world is driving the market. With technological advancements, fraud and phishing are becoming more and more sophisticated and pose serious threats to data security and privacy. This has led to growing concern about these threats, prompting businesses across different industries to adopt predictive analytics in their business processes. Predictive analytics can also be used to identify cyber security issues and vulnerabilities, leading to a rise in use cases across various industries such as pharmaceuticals, BFSI, and healthcare. Hence, these factors are expected to drive market growth during the forecast period.  Buy the full report here

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 22.24%

Market growth 2023-2027

USD 2,1601.17 million

Market structure

Fragmented

YoY growth 2022-2023(%)

20.44

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, China, Japan, Germany, and UK

Accessibility issues for quality and standardized data are a significant challenge restricting market growth. Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now

The market has been segmented by end-user (BFSI, retail and e-commerce, telecom and IT, transportation and logistics, and others), deployment (cloud-based and on-premise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

The market share growth by the BFSI segment will be significant during the forecast period. Banking and financial institutions can predict consumer behavior and preferences through predictive analytics. Understanding customer patterns is an advantage for companies in the BFSI sector, who can make more informed forecasts and decisions by prioritizing their customers’ interests. Additionally, historical data allows business leaders to enter the predictive analytics market, such as Microsoft Corp., Oracle Corp., and others to make informed decisions. Data analytics allows banks and other financial institutions to react to changing market conditions, identify risks, make forecasts based on past consumer behavior, and identify new opportunities for themselves and their customers.  Hence, these factors are expected to drive market growth during the forecast period. View the FREE Sample Report 

Key Companies:

Altair Engineering Inc., Alteryx Inc., Amazon.com Inc., Board International SA, Cloudera Inc., Domo Inc., Fair Isaac Corp., Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., KNIME AG, Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., QlikTech International AB, Salesforce Inc., SAP SE, SAS Institute Inc., Teradata Corp., and TIBCO Software Inc.

Analyst Review

The market is experiencing exponential growth, driven by a confluence of factors including Big Data, Cloud computing, IoT proliferation, and the relentless expansion of digital technologies. This surge is further fueled by the increasing demand for analytics solutions across various sectors such as banking and financial, where online services and customer empowerment are reshaping traditional practices.

As digital transformation strategies continue to evolve, companies face both opportunities and challenges. On one hand, there’s unprecedented access to vast data volumes sourced from social media, mobility touchpoints, and internet proliferation. On the other, there’s the pressing need to integrate and customize existing analytics solutions to extract meaningful insights. However, amidst this complexity, lies the potential for economic growth and globalization as businesses harness the power of predictive models and analytics to drive strategic decisions.

To navigate this landscape, organizations must address changing regional data regulations and combat data silos by centralizing data into a cohesive ecosystem. This requires skilled data scientists and analysts to develop predictive analytics solutions tailored to consumer behavior and business performance metrics. Moreover, the emphasis on security measures is paramount to mitigate risks associated with data exchange and aggregation.

The services segment is pivotal, offering professional services and managed services to deploy and maintain predictive analytics solutions. These solutions provide real-time insights and alert systems to target valuable customers effectively, enhancing the digital customer experience (CX). Enterprises recognize the value of monetizing data assets through data consolidation and leveraging connected and integrated technologies.

In conclusion, the adoption of predictive analytics solutions continues to accelerate as organizations seek to stay ahead in a rapidly evolving landscape. By embracing tailored demands and leveraging predictive analytics, businesses can unlock new avenues for growth while staying resilient in the face of digital disruption. In the burgeoning realm of data analytics services, predictive methodologies stand out as digital pioneers. The predictive analytics market is dynamic, leveraging data insights to forecast trends with precision. Embrace the future with predictive analytics services, driving digital transformation and informed decision-making. View the FREE Sample Report 

Related Reports:

The Data Analytics Outsourcing Market size is estimated to grow at a CAGR of 32.59% between 2022 and 2027. The market size is forecast to increase by USD 23,111.4 million. This data analytics outsourcing market report extensively covers market segmentation by type (predictive, descriptive, and prescriptive), end-user (BFSI, healthcare, retail, IT and telecom, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). One of the key factors driving the data analytics outsourcing market growth is the focus on reducing operational costs.

Blockchain technology in the healthcare market is estimated to grow at a CAGR of 32.79% between 2022 and 2027. The market size is forecasted to increase by USD 1,939.31 million. This blockchain technology in healthcare market report extensively covers market segmentation by type (private, public, and hybrid), end-user (pharmaceutical and medical device companies, healthcare payers, and healthcare providers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing inclination toward data security is notably driving the market growth.

ToC:

1 Executive Summary
2 Landscape
3 Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentations
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

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SOURCE Technavio

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Unleashing Next Generation Storage Power | HIKSEMI Showcases Latest Storage Solutions at COMPUTEX 2025

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TAIPEI, May 22, 2025 /PRNewswire/ — HIKSEMI, a global provider of professional data storage solutions, showcased its latest innovations under the theme “Unleashing Next Generation Storage Power” at COMPUTEX 2025. The company highlighted breakthroughs in PCIe 5.0 and DDR5 technologies, demonstrating advancements in high-performance storage and illustrating how these innovations enhance everyday life across a wide range of applications.

Focusing on green technology and immersive experiences, COMPUTEX 2025 set trends in the global ICT industry. HIKSEMI aligned with these themes by presenting solutions across four core areas: gaming, photography, personal and family backups, and industrial storage, emphasizing “storage beyond boundaries.”

The highlight was the enhanced FUTURE gaming series, featuring the FUTURE PCIe 5.0 SSD, FUTURE RGB DDR5, and FUTURE RGB PSSD. Building on the success of the 2023 PCIe 4.0 series, which gained acclaim in markets like Thailand and Japan, the new lineup offers superior performance and versatility, targeting next-generation gamers and content creators.

For photographers, the CAPTURE series offered high-speed memory cards and magnetically secured portable storage devices for efficient data import and secure backups. Personal and family users benefited from intelligent cloud-based backup solutions and NAS-specific products, ensuring reliable management of digital assets.

In industrial sectors, HIKSEMI showcased robust storage solutions for data centers, smart manufacturing, and rail transit, featuring high reliability, low power consumption, and wide temperature adaptability to aid digital transformation.

At COMPUTEX 2025, HIKSEMI showcased its innovation in storage technology and commitment to customer needs. Industry partners and tech enthusiasts experienced the future of data storage, exploring how next-generation solutions are driving digital transformation forward.

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SOURCE Hiksemi

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New chapter in China-LAC cooperation: Though oceans apart, kindred spirits remain connected

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BEIJING, May 21, 2025 /PRNewswire/ — A news report from China.org.cn on the cooperation between China and Latin American and Caribbean countries:

 

It may never have occurred to Paolo Martínez, a young Colombian engineer, that the dream of building a subway in the capital city Bogotá would come true so soon. What he likely imagined even less was that before ever riding a subway in his own city, he would have voyaged all the way to China to learn how to operate one.

Nestled among three mountain ranges, Bogotá is among the world’s most congested cities. On some roads, cars move even more slowly than pedestrians, and commutes of two to three hours are a daily reality. For several decades, the residents of Bogotá have longed for an efficient and convenient subway system.

In 2019, a Chinese consortium won the contract to build the Bogotá Metro Line 1 project. The Chinese team worked closely with the local teams to develop a construction plan that is not only safe and efficient, but also responsive to the needs of local communities and respects cultural heritage. Well aware that sustainable operations and maintenance depend on local expertise, two batches of young Colombian talents were selected for professional training in China. Paolo Martínez, whom we introduced earlier, is one of them.

Today, construction of the metro project is more than halfway complete; the metro line is expected to begin operating officially in 2028, benefiting about three million local residents and unlocking a horizon of new opportunities for Bogotá’s future development.

While looking into the future, this May, new sparks have been added to the story between China and Colombia. Following the Fourth Ministerial Meeting of the China-CELAC Forum, the two governments signed a cooperation plan for jointly building the Belt and Road Initiative. The two countries also signed documents to promote policy dialogue and exchanges of experience in areas concerning the macroeconomy, BRI cooperation, trade and investment, among others.

In recent years, China and Latin American and Caribbean countries have stood shoulder to shoulder in solidarity and mutual support, continuously deepening political mutual trust. Powered by mutual benefit and win-win, both sides have been committed to boosting steady and long-term cooperation. The relations between China and the Latin American and Caribbean countries have entered a new phase marked by equal stances, mutual benefits, innovation, openness, and a people-centered approach.

In Peru, the Chancay Port, a flagship project of the BRI cooperation between China and Peru, is not only the first world-class deep-water port that features smart technology and green development in Latin America, but is also poised to establish a new land-sea transport corridor between Latin America and Asia. In Brazil, from soybeans and coffee to photovoltaic plants and satellites, the extensive cooperation with China spells “new” and “pragmatic.” In Trinidad and Tobago, the Phoenix Park Industrial Estate, a flagship BRI project between the two countries, has become the first eco-friendly light industrial park in Latin America with full 5G coverage. In Chile, over 90% of its cherries are exported to China, while nearly 98% of the country’s products, including cherries, enjoy zero-tariff treatment under the two countries’ bilateral free trade agreement.

People-to-people exchanges between China and the Latin American and Caribbean countries have grown increasingly frequent and earnest. From the cross-cultural exhibition showcasing dialogue between China’s ancient Shu civilization and Peru’s Inca civilization, to the joint archaeological exploration conducted by Chinese and Honduran experts, and the steadily rising number of exchange students between China and the Latin American and Caribbean countries, all these have been echoed in a Chinese poem: “True friendship knows no distance; even thousands of miles apart, we remain close neighbors.” It is apparent that China and the Latin American and Caribbean countries are growing ever closer as friends and partners, bonded by their kindred spirits.

The world has every reason to look forward to a more enchanting new chapter in building a China-Latin America and Caribbean community with a shared future — one that will continue to be an exemplar of South-South Cooperation, while injecting a dose of stability and positivity into a turbulent world.

China Mosaic 
http://www.china.org.cn/video/node_7230027.htm 

New chapter in China-LAC cooperation: Though oceans apart, kindred spirits remain connected
http://www.china.org.cn/video/2025-05/21/content_117887107.shtml 

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SOURCE China.org.cn

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JIECANG Group at Interzum 2025: Revolutionizing European Furniture with Innovation and Local Manufacturing

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COLOGNE, Germany, May 22, 2025 /PRNewswire/ — On May 20th, at Interzum 2025 in Cologne, JIECANG Group, together with its subsidiaries LOGICDATA and DREAMOTION, unveiled cutting-edge smart motion solutions and announced a transformative milestone: the launch of its Hungary manufacturing facility. This development enhances JIECANG’s ability to deliver high-quality linear actuator solutions with faster delivery times and localized service across Europe.

The furniture industry is facing a new wave of challenges: increasing demand for flexible and intelligent office solutions, minimalist and tool-free designs for home use, and stricter global regulations driving sustainability requirements. Leveraging its deep expertise in actuator and control technologies, JIECANG has developed a series of innovative solutions to meet these evolving needs.

For commercial environments, JIECANG’s Smart Standing Desk Solution delivers a high load capacity (120kg) and increased speed (80mm/s), while enabling OTA updates—bringing smartphone-like upgradeability to electric standing desks. LOGICDATA is bringing technological innovation with its LOGICflex X system, featuring brushless motors for enhanced performance and durability. In addition, the latest DYNAMIC MOTION System supports PoE/USB-C power supply for lower energy use, supporting sustainability initiatives in Europe.

For home office settings, the Inline-Foldable standing desk reduces packaging volume by 50% and requires no tools for assembly, while the Inline-Ultra Thin model integrates the frame, control box, and handset into a sleek desktop, maximizing both aesthetics and space efficiency.

Beyond the workspace, JIECANG also brings innovation into the bedroom. The smart bedroom lineup from DREAMOTION includes the flagship Aquarius 400M adjustable bed frame, offering multi-angle adjustment and advanced sleep monitoring for healthier rest. Also featured is an electrical wardrobe lift with a 30kg load capacity, voice control, and collision detection—setting a new standard for intelligent wardrobe storage.

To better serve both European and global markets, JIECANG has launched its new manufacturing facility in Hungary, strengthening its global supply chain and enhancing responsiveness to local demand. This reflects the company’s long-term commitment to regional manufacturing and supply chain resilience.

JIECANG is evolving from a component provider to a full-solution partner, delivering integrated systems. Through open access to the company’s core technologies and IoT modules, JIECANG empowers global partners with one-stop smart solutions across office, home, healthcare, and many other applications.

With its new Hungary facility debuting at Interzum 2025, JIECANG highlighted its latest innovations and global vision, marking a new era of intelligent living where global innovation meets local needs.

Photo – https://mma.prnewswire.com/media/2692965/JIECANG_Booth_at_Interzum_2025.jpg

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