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Predictive Analytics Market 2019 Historical Analysis, Comprehensive Research Study| Estimated to Perceive Accrued Value with a Staggering CAGR

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Predictive Analytics Market 2019 Historical Analysis, Comprehensive Research Study| Estimated to Perceive Accrued Value with a Staggering CAGR

September 15
17:48 2019
Predictive Analytics Market 2019 Historical Analysis, Comprehensive Research Study| Estimated to Perceive Accrued Value with a Staggering CAGR

Predictive Analytics Market
The report on the Global Predictive Analytics Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Overview

Predictive analytics is defined as a branch of data engineering that deals with the analysis of the historical and current data and predicts future events based on the analysis. Market Research Future (MRFR) has published a research report on the global predictive analytics market adumbrates advancement for this market at 21% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 13 bn by the end of the forecast period.

The most critical global market drivers for predictive analytics include the growing adoption of predictive analytics solutions and the increasing need for predictive analytics among enterprises to maintain a competitive advantage. The predictive analytics solutions are helpful for enterprises for not only analyzing their enterprise data and customer data but also to make informed decisions related to customer service enhancement, marketing strategies, liquidity planning, and others. This help enterprises to understand customer behavior, identify business trends, and estimate the possibility regarding future sales. Other market drivers helping market growth include technological advancements that are resulting in the growing use of artificial intelligence (AI), machine learning and advanced analytics. However, some factors that can stunt market growth include lack of awareness about the benefits of predictive analytics among users and data security concern.

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Segments

The global predictive analytics market segmentation can segment the market into applications, deployment, organization size, techniques, vertical, and lastly, region. The application-based segmentation segments this market into customer churn rate prevention customer analysis, market analysis, risk assessment, sales forecasting, financial modeling, and others. The deployment-based segmentation covers on-cloud deployment and on-premise deployment.

Regarding organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. In the context of techniques, the market has been segmented into bayesian recommendation system, deep neural networks, support vector machines (SVMs), and others. Based on vertical, the market can be segmented into banking, financial services and insurance (BFSI), government & defense, healthcare, information technology (IT) & telecommunication, manufacturing, retail & e-commerce, transportation & logistics, and others.

The regional segmentation of the global predictive analytics market has segmented the market into regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). During the forecast period, North America has been anticipated to dominate the global market due to most key market players operating in this region (especially in the USA), technological advancement, and growing investment in the development of predictive analytics solutions as per the latest technological trends. After the USA, Canada and Mexico are the most important country-specific markets.

Key Players

The key players in the global Predictive Analytics Market include Angoss Software Corporation (Canada), BOARD International (Switzerland), Dundas Data Visualization Inc. (Canada), Fair Isaac Corporation (USA), IBM Corporation (USA), Ignite Technologies Inc. (USA), Microsoft Corporation (USA), NTT Data Corporation (Japan), Oracle Corporation (USA), Radius Intelligence Inc. (USA), Rapidminer Inc. (USA), SAP SE (Germany), SAS Institute Inc. (USA), Tableu Software (USA), and Tibco Software Inc. (USA).

Regional Analysis

During the forecast period, the European market is likely to grow significantly as compared to North America because Europe is a slow adopter of techniques like AI and big data. However, the active data market and the data generated can support market growth in Europe. The significant country-specific markets in Europe are France, Germany, and the UK, followed by the remaining countries of Europe.

The Asia Pacific regional market has been estimated to grow during the forecast period due to the  government initiative supporting SMEs in countries like India, China, and Japan (followed by the remaining countries of this region). The SMEs require predictive analytics solutions in order to increase their operational performance.

The RoW segment lists Latin countries and the Middle East & Africa (MEA). In the MEA region, the market is limited due to most countries being poor, lack of infrastructure, lack of awareness, lack of advanced technology, lack of education, and lack of skilled professionals. The market comprising of Latin countries is small because the availability of advanced technology is limited in this region. Argentina and Brazil are two powerful economies that have the potential to rise as lucrative markets in the future.

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Latest Industry News

Ten major construction companies in Suffolk have created Predictive Analytics Strategic Council in order to share project data for AI-driven analysis. 6 MAR 2019

oneZero Financial Systems has launched its Data Partners Network (DPN) initiative in order to give its brokerage clients, powerful analytical tools and insights that can be helpful to manage their business in a smarter way. 4 APR 2019

Intended Audience

  • Associations, Organizations, Forums, And Alliances
  • Government Bodies and Departments
  • Technical Universities
  • Service Providers
  • Independent Software Vendors
  • Research and Development Companies
  • Analytics Consulting Companies
  • Market Research and Consulting Firms
  • Predictive Analytics Software Developers
  • Technology Standards Organizations
  • Technology Investors
  • Raw Material Suppliers

LIST OF TABLES

Table1 Global Predictive Analytics Market, By Country, 2018–2023

Table2 North America: Predictive Analytics Market, By Country, 2018–2023

Table3 Europe: Predictive Analytics Market, By Country, 2018–2023

Table4 Asia-Pacific: Predictive Analytics Market, By Country, 2018–2023

Table5 North America: Predictive Analytics Market, By Country

Continued…….

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LIST OF FIGURES

FIGURE 1 Global Predictive Analytics Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Predictive Analytics Market

FIGURE 4 Value Chain Of Global Predictive Analytics Market

FIGURE 5 Share Of Predictive Analytics Market In 2018, By Country (In %)

Continued……

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/predictive-analytics-market-6845