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The global predictive analytics market is anticipated to grow at a significant CAGR of around 21.3% during the forecast period. The emergence of modern technologies such as IoT and AI is the key factor that drives the global predictive analytics market. IoT environment is increasing the adoption of predictive analytics, as it facilitates predictive maintenance leading to enhanced energy efficiency and higher levels of production uptime. In addition, numerous industries are demanding a solution that can predict when their machines are going to get damaged.
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