Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events. Predictive analytics uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future.
The Banking, Financial Services, and Insurance (BFSI) industry vertical is projected to have the largest market share and is expected to lead the market during the forecast period. The financial organizations, through their credit scoring techniques, try to minimize frauds and risks. Predictive analytics introduces the forward-looking perspectives of businesses to its existing processes.
North America, owing to the early adoption of new and emerging technologies and the presence of major industry players, is expected to continue to dominate the market during the forecast period. The APAC region is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of cost-effective predictive analytics software and services among SMEs.
In 2018, the global Predictive Analytics market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Predictive Analytics status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Predictive Analytics development in United States, Europe and China.
The key players covered in this study
IBM
Oracle
SAP
Microsoft
SAS Institute
Fair Isaac
NTT Data
Tableau Software
Tibco Software
Rapidminer
Angoss Software
Market segment by Type, the product can be split into
Services
Solutions
Market segment by Application, split into
Retail and eCommerce
Manufacturing
Government and defense
Healthcare and life sciences
Energy and utilities
Telecommunication and IT
Transportation and logistics
BFSI
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Predictive Analytics status, future forecast, growth opportunity, key market and key players.
To present the Predictive Analytics development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Predictive Analytics are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Predictive Analytics. Industry analysis & Market Report on Predictive Analytics is a syndicated market report, published as Global Predictive Analytics Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Predictive Analytics market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.