Market Forecast By Component (Solutions, Services), By Deployment Mode (Cloud, On-premises), By Organization Size (Large enterprises, Small and medium-sized enterprises (SMEs)), By Vertical (BFSI, Manufacturing, Retail and eCommerce, Government and Defense, Healthcare and Life Sciences, Energy and Utilities, Telecommunications and IT, Transportation and Logistics) And Competitive Landscape
Product Code: ETC4396056 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Australia Predictive Analytics Market |
Forecast period | 2025-2031 |
CAGR | 21.9% |
Growing Sector | BFSI |
The Australia Predictive Analytics Market report thoroughly covers the market by component, by deployment mode, by organization size and by vertical. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Predictive Analytics Market has accomplished major success and is forecast to attain more growth in the coming years attributed to increasing digital transformation across various sectors. This evolution is significantly fuelled by the need for businesses to leverage data for strategic decision-making and to gain a competitive edge. Nonetheless, Australia Predictive Analytics Market is facing few restraints such as the complexity and costs associated with implementing predictive analytics systems. For small and medium-sized enterprises (SMEs), these factors can be particularly daunting, limiting their ability to adopt such technologies. In addition to this, Data privacy and security concerns also pose substantial barriers, as companies must comply with strict regulations to protect consumer information while leveraging data for predictive analysis.
According to 6Wresearch, the Australia Predictive Analytics Market size is expected to grow at a CAGR of 21.9% during 2025-2031. There are many components that are enlarging the growth of Australia predictive analytics market such as the escalating volume of data generated by businesses and the increasing recognition of its value in strategic decision-making are key factors. Companies are more eager than ever to harness data to predict trends, customer behaviours, and potential market shifts accurately. In addition to this, technological advancements, particularly in artificial intelligence (AI) and machine learning (ML), have significantly improved the capabilities of predictive analytics tools, making them more accurate and accessible. Apart from this, there's a growing demand for personalization and enhanced customer experiences across industries, pushing businesses to adopt predictive analytics for targeted marketing, product recommendations, and customer service optimizations.
There are several market players available in the Australia Predictive Analytics Market. These key players are IBM Australia, SAS Institute Australia, Microsoft Australia, Oracle Australia, SAP Australia, etc. Moreover, these firms hold enormous Australia Predictive Analytics Market Revenues. Further, these companies are driving the growth through technology enhancement and innovation within the Australia Predictive Analytics Market.
The Australia Predictive Analytics Market is growing swiftly and government’s regulation and policies are helping in the extension of the market. These policies include significant investments in digital infrastructure, the development of policies aimed at encouraging the collection and use of big data, and support for research and development in the field of advanced analytics. Programs such as the Digital Economy Strategy outline a national approach to ensure Australia is poised to capitalize on digital technology's benefits across all sectors. Further, these plans have improved the Australia Predictive Analytics Market Share. Additionally, the government also collaborates with educational institutions to bridge the skills gap in data science and analytics, aiming to prepare a workforce that is adept in these crucial areas.
The Australia Predictive Analytics Market will get bigger in future quickly attributed to increasing digitization across industries, coupled with advancements in artificial intelligence (AI) and machine learning, is expected to drive the demand for predictive analytics significantly. The integration of predictive analytics with blockchain technology also holds promising potential, particularly in enhancing data security and integrity. This blend could revolutionize the way businesses handle data, offering more secure and transparent solutions.
According to Ravi Bhandari, Research Head, 6Wresearch, the Cloud deployment mode is positioned for more robust growth in the future attributed to inclination towards cloud-based solutions can be attributed to their alignment with the evolving digital transformation strategies of businesses across various sectors.
The Solutions category might witness a marginally higher growth rate in the near future. This projection stems from the increasing complexity and volume of data generated by businesses across various sectors.
Large Enterprises is expected to gain traction attributed to the increasing complexity of their operations and the relentless pursuit of operational efficiency and strategic insights.
The Healthcare and Life Sciences sector stands out as primed for unprecedented expansion in the future. The increasing digitization of healthcare data, coupled with the imperative need for precise diagnostics, personalized treatment plans, and operational efficiency, underscores the sector's potential.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Predictive Analytics Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Predictive Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Predictive Analytics Market - Industry Life Cycle |
3.4 Australia Predictive Analytics Market - Porter's Five Forces |
3.5 Australia Predictive Analytics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Australia Predictive Analytics Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.7 Australia Predictive Analytics Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.8 Australia Predictive Analytics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Australia Predictive Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of big data analytics in various industries in Australia |
4.2.2 Growing demand for actionable insights to make data-driven decisions |
4.2.3 Advancements in technology such as artificial intelligence and machine learning driving the predictive analytics market in Australia |
4.3 Market Restraints |
4.3.1 Concerns regarding data privacy and security hindering the widespread adoption of predictive analytics |
4.3.2 Lack of skilled professionals with expertise in predictive analytics tools and techniques in Australia |
5 Australia Predictive Analytics Market Trends |
6 Australia Predictive Analytics Market, By Types |
6.1 Australia Predictive Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Australia Predictive Analytics Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Australia Predictive Analytics Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 Australia Predictive Analytics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Australia Predictive Analytics Market, By Deployment Mode |
6.2.1 Overview and Analysis |
6.2.2 Australia Predictive Analytics Market Revenues & Volume, By Cloud, 2021-2031F |
6.2.3 Australia Predictive Analytics Market Revenues & Volume, By On-premises, 2021-2031F |
6.3 Australia Predictive Analytics Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Australia Predictive Analytics Market Revenues & Volume, By Large enterprises, 2021-2031F |
6.3.3 Australia Predictive Analytics Market Revenues & Volume, By Small and medium-sized enterprises (SMEs), 2021-2031F |
6.4 Australia Predictive Analytics Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Australia Predictive Analytics Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 Australia Predictive Analytics Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.4 Australia Predictive Analytics Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.4.5 Australia Predictive Analytics Market Revenues & Volume, By Government and Defense, 2021-2031F |
6.4.6 Australia Predictive Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.4.7 Australia Predictive Analytics Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.4.8 Australia Predictive Analytics Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.4.9 Australia Predictive Analytics Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
7 Australia Predictive Analytics Market Import-Export Trade Statistics |
7.1 Australia Predictive Analytics Market Export to Major Countries |
7.2 Australia Predictive Analytics Market Imports from Major Countries |
8 Australia Predictive Analytics Market Key Performance Indicators |
8.1 Percentage increase in the number of businesses adopting predictive analytics in Australia |
8.2 Growth in the demand for predictive analytics software and services in key industries |
8.3 Number of partnerships and collaborations between technology companies and businesses in Australia for predictive analytics solutions |
9 Australia Predictive Analytics Market - Opportunity Assessment |
9.1 Australia Predictive Analytics Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Australia Predictive Analytics Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.3 Australia Predictive Analytics Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.4 Australia Predictive Analytics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Australia Predictive Analytics Market - Competitive Landscape |
10.1 Australia Predictive Analytics Market Revenue Share, By Companies, 2024 |
10.2 Australia Predictive Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |