Nov 07, 2019 (Market Insight Reports via COMTEX) -- Global Predictive Analytics Market Size, Status and Forecast 2019-2025
Predictive Analytics Industry 2019 globalmarket research report analyzes the market status, share, growth rate, futuretrends, market drivers, opportunities and challenges, risks and entry barriers,sales channels, distributors and Porter’s Five Forces Analysis. PredictiveAnalytics industry breakdown the data by region, manufacturers, type andapplication.
Global Predictive Analytics market competition by top manufacturers, withproduction, price, revenue (value) and market share for each manufacturer; the TOP PLAYERS including- IBM, Oracle,SAP, Microsoft, SAS Institute, Fair Isaac, NTT Data, Tableau Software, TibcoSoftware, Rapidminer, Angoss Software
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Predictive analytics is the branch ofthe advanced analytics which is used to make predictions about unknown futureevents. Predictive analytics uses many techniques from data mining, statistics,modeling, machine learning, and artificial intelligence to analyze current datato make predictions about future.
The Banking, Financial Services, andInsurance (BFSI) industry vertical is projected to have the largest marketshare and is expected to lead the market during the forecast period. Thefinancial organizations, through their credit scoring techniques, try tominimize frauds and risks. Predictive analytics introduces the forward-lookingperspectives of businesses to its existing processes.
North America, owing to the earlyadoption of new and emerging technologies and the presence of major industryplayers, is expected to continue to dominate the market during the forecastperiod. The APAC region is expected to grow at the highest CAGR during theforecast period, owing to the growing adoption of cost-effective predictiveanalytics software and services among SMEs.
Product Typesfor Predictive Analytics Market
Applicationsfor Predictive Analytics Market
Retail and eCommerce
Government and defense
Healthcare and life sciences
Energy and utilities
Telecommunication and IT
Transportation and logistics
Regional AnalysisFor Predictive Analytics MarketNorthAmerica (United States, Canada and Mexico), Europe (Germany, France, UK, Russiaand Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), SouthAmerica (Brazil, Argentina, Colombia etc.), Middle East and Africa (SaudiArabia, UAE, Egypt, Nigeria and South Africa)