Home >> Technology >> Global Predictive Analytics Market is Anticipated to Grow $7.8 Billion By 2020

Global Predictive Analytics Market is Anticipated to Grow $7.8 Billion By 2020

Predictive Analytics Market
Predictive Analytics Market

Zion Market Research has published a new report titled “Predictive Analytics Market by Software Solutions (Data Mining & Management, Decision Support Systems, Fraud & Security Intelligence, Financial Intelligence, Customer Intelligence and Others) for Customer & Channel, Sales and Marketing, Finance & Risk and Other Applications : Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 – 2020” According to the report, the global predictive analytics market was valued at approximately USD 2.5 billion in 2014 and is expected to reach approximately USD 7.8 billion by 2020, growing at a CAGR of around 17.0% between 2015 and 2020.

North America predictive analytics market led the global industry with share more than 55% in 2014. This region expected to continue its dominance in predictive analytics market over the forecast period. Europe was another leading regional market for predictive analytics. Deployment of IoT coupled with shifting trend towards smart cities is key factor to propel the demand in this region. Asia Pacific is also expected to witness fastest growth in the years to come as the region is anticipated to adopt Hadoop on a large scale with rise in awareness.

Get a copy of Sample Report: http://www.marketresearchstore.com/report/predictive-analytics-market-z49499#RequestSample

Predictive analytics explore large quantities of data and past events to identify patterns and build forecasts about future events.  It is set of different techniques and technologies that include machine learning capabilities, and improved big data aggregation technologies. Predictive analytics helps to solve real world’s problems in economics, business, government and others. It is widely used in different sectors like financial, communication, retail and marketing organizations with a strong consumer focus.

The predictive analytics market is segmented on the basis delivery mode including cloud based and predictive on-premises installation. Cloud based segment accounted for largest share of predictive analytics market in 2014. This segment is expected to witness significant growth in the years to come owing to increasing IT priorities among different enterprises over the past couples of years. This delivery mode has a much faster time to value which is a critical advantage for the approach.

Predictive Analytics Market

Based on software solutions, predictive analytics market has been classified into customer intelligence, decision support systems, data mining and management, fraud and security intelligence, financial intelligence and others (Including performance management, campaign management etc.). Fraud and security intelligence and financial intelligence are key segments contributing to drive demand for predictive analytics.

Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=49499

The predictive analytics market is segmented on the basis of end use including banking, financial services & insurance (BFSI), government, public administration & utilities, telecom and IT, healthcare, retail, manufacturing and others (including energy, media and entertainment, etc). Among all segment, banking, financial services & insurance accounted for major share and predicted to continue this trend over the forecast period. This growth can be mainly attributed to rising product quality in financial service sectors to deliver measurable results. Manufacturing and retail are other key end use industries anticipated to grow at fastest CAGR over the forecast period.

Key application areas for predictive analytics includes customer & channel, sales and marketing, finance & risk and others. Finance & risk was largest application segment with over 42.0% market share of total revenue generated in 2014. The predictive analytics helps to analyze fraud vulnerabilities and security breach. Marketing segment is anticipated to emerge as a biggest user of predictive analytics with cross-selling, campaign management, budgeting and forecasting models in the coming years.

Browse the full report at: http://www.marketresearchstore.com/report/predictive-analytics-market-z49499

Some of the key participants in predictive analytics market includes Microstrategy Incorporation, SAP AG, Information Builders, Fair Isaac  Corporation, Tableau Software Inc., IBM Corporation, Microsoft Corporation, SAS Institute Inc, TIBCO Software Inc, Teradata Corporation and Oracle Corporation.

This report segments the global predictive analytics market as follows:

Delivery Mode Segment Analysis: Cloud Based Technology, On-Premises Installation

Software Solutions Segment Analysis: Customer Intelligence, Decision Support Systems, Data Mining & Management, Fraud & Security Intelligence, Financial Intelligence, Others (including performance management, sustainability intelligence, campaign management etc.)

End-Use Segment Analysis: Banking, Financial Services & Insurance (BFSI), Government, Public Administration & Utilities, Telecom And IT, Transportation & Logistics, Healthcare

Application Segment Analysis: Sales & marketing, Customer & channel, Finance and risk and Others

Regional Segment Analysis: North America(U.S.), Europe(UK, France, Germany), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

Visit Our Blog: https://marketresearchstore2017.wordpress.com

About Us:  Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

About Angelina Paule

Angelina Paule is a Research Journalism in Market Research Industry. She is working at Market Research Store as Research Journalism. If you like his work, feel free to contact him Facebook, Google+, Linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *