The Latin America, Middle East and Africa Predictive Analytics Market would witness market growth of 24.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Predictive Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,120 million by 2031. The Argentina market is showcasing a CAGR of 25.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 23.4% during (2024 - 2031).
The financial sector is adopting this for comprehensive risk management. Financial institutions can better forecast market fluctuations, credit risks, and operational risks by integrating predictive models into their risk assessment frameworks. Companies are increasingly adopting this to optimize supply chain operations.
This is being adopted for personalized marketing strategies. By analyzing consumer data and behaviour, businesses can increase conversion rates and engagement by developing targeted marketing campaigns that align with individual preferences. In healthcare, this is being adopted for predictive diagnostics.
The growth of telemedicine services in Saudi Arabia requires robust predictive analytics to manage patient data, predict healthcare trends, and optimize remote patient monitoring, enhancing access to healthcare services. Telehealth adoption in Saudi Arabia is approximately 70%, with nearly 34% of young physicians employing AI for diagnostic support. The rise of smart warehousing solutions in the UAE, including automated storage and retrieval systems, has driven the need for this to manage and optimize warehouse operations, improve space utilization, and reduce operational costs. This has been crucial in developing real-time tracking and visibility solutions for logistics operations in the UAE, allowing companies to monitor shipments, predict delivery times, and manage transportation routes more effectively. In conclusion, rising digital healthcare and expansion of the logistics industry in the region driving the growth of the market.
Free Valuable Insights: The Worldwide Predictive Analytics Market is Projected to reach USD 54.6 Billion by 2031, at a CAGR of 21.7%
Based on Deployment Mode, the market is segmented into Cloud, and On-Premise. Based on Component, the market is segmented into Solution (Customer Analytics, Financial Analytics, Sales & Marketing Analytics, Risk Analytics, and Supply Chain Analytics), and Services (Professional, and Managed). Based on Organization Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise. Based on Vertical, the market is segmented into BFSI, Healthcare, Manufacturing, Transportation & Logistics, Energy & Utilities, Government, Retail, and Telecom & IT. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By >Deployment Mode
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