Global Predictive Analytics Market

Global Predictive Analytics Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during forecast period.

Huge data dependence and advanced technological implementations are projected to drive the predictive analytics market during the forecast period. Importance for data and its analysis for predicting future scenario may be offering a sustainable competitive edge to end-users. Major drivers for the predictive analytics market growth are improved product usability, adoption of new technologies, huge data deluge, and innovative levers of differentiator.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Additionally, forecasting, data warehouses, database management, data mining, CRM analytics, smart, logistics, decision-making process, data visualization in dashboards, and growing demand of business having analytic capabilities are projected to drive predictive analytics market growth during the forecast period. On the other hand, time-consuming process of analysis and lack of awareness with lack of qualified professionals are limiting the market growth. Adoption of cloud technology and the application of predictive analytics in small and medium-sized businesses may offer major growth opportunity for the market.

Methods for executing predictive analytics contains regression techniques, mathematical techniques, machine learning techniques, regression modeling, neural nets, machine learning, genetic algorithms, text mining, decision trees, clustering, and data exploration techniques to abstract insights from historical and current data.

Predictive analytics discovers application in verticals like actuarial science, Banking and Financial Services, Insurance (BFSI), healthcare, government, retail, manufacturing, transportation & travel, it, entertainment, sports, and energy & utilities. Predictive analytics is helping to manage the expanded applications across the above all verticals. In the manufacturing industry, predictive analytics is used for equipment maintenance management, cross-selling and up-selling, and workforce management. In sports, predictive analytics is used for betting analysis and equipment maintenance management. Healthcare industry is applying predictive analytics in governance, risk, and compliance management, chronic disease management, and billing & payment management. Energy & Utilities and Oil & Gas is implementing predictive analytics in asset surveillance solution and demand planning and forecasting. Media and entertainment is using predictive analytics in financial and workforce management and pricing analytics. Telecom and IT industry may use predictive analytics in marketing, sales, cross-sell and up-sell, and pricing optimization. Government segment can utilize predictive analytics for weather forecasts, natural calamities forecasts, and flight safety among others.

Cloud-based deployment model is witnessing a flood in demand because of its cost-effectiveness and easy worldwide accessibility. Because of their low hardware requirement, cloud-based solutions gain low maintenance costs with 24/7 accessibility from anytime, anywhere. Owing to advancements in cloud technologies and growth in data generation from several constituents and customers, cloud-based deployment model is projected to dominate the on-premises deployment model. Additionally, cloud solutions simplify the application of predictive analytics for the complete organization, and provides competitive edge by terminating the administrative roadblocks, so that supporting the infrastructure and enabling organizations to focus on improving their competencies.

North American is dominating the global predictive data analysis market because of technological improvements and a numerous players especially in U.S. Financial funding to new entrants from venture capitalists is projected to improve the competition in market. Also, innovations in predictive analytics techniques and methods are expected as major opportunity for established players.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Predictive Analytics market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Predictive Analytics market.

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Scope of Global Predictive Analytics Market:

Global Predictive Analytics Market by Type:

• Solution
• Services
Global Predictive Analytics Market by Deployment Type:

• Cloud Based
• On-Premises
Global Predictive Analytics Market by Business Function:

• Marketing
• Sales
• Finance
• Human resource
• Operations
Global Predictive Analytics Market by Application Model:

• Risk Management
• Operations Management
• Sales & Marketing Management
• Network Management
• Supply Chain Management
• Workforce Management
• Other Applications
Global Predictive Analytics Market by Organization Size:

• Small & Medium Enterprises (SME’s)
• Large Enterprises
Global Predictive Analytics Market by Geography:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players Operated in Market Includes:

• Accretive Technologies Inc.
• Angoss Software Corporation
• HP
• Information Builders
• KXEN Inc.
• Microsoft
• Oracle
• Salford Systems
• lteryx
• AgilOne
• Domino Data lab
• Dataiku
• Exago
• GoodData
• Kognitio
• MicroStrategy
• NTT Data
• Predixion Software
• RapidMiner
• QlikTech
• Sisense
• SAS Institute
• Tableau Software
• Teradata

This Report Is Submitted By : Maximize Market Research Company

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