Global Predictive Analytics Market 2016: Industry Analysis, Statistics, Reviews and Forecast 2021
Global Market Research Report on Predictive Analytics Market 2016 is a professional and in-depth complete study on the current state of the Predictive Analytics worldwide.
The vast amount of data generated due to numerous consumer interaction needs to be scrutinized and adequately correlated for making market estimations and analyzing consumer behavior. Predictive analytics, with the aid of various statistical tools and modeling techniques enable companies and enterprises make reliable estimations and prediction about the future opportunities and market risks. In addition, predictive analytics uses tools such as machine learning, data mining, and different business intelligence (BI) tools to make estimations about the future market trends. The techniques of predictive analytics is essential for companies to maintain a competitive edge over others.
Emergence of big data, growing adoption of new technologies, emerging newer levers of differentiator and high consumer data generated due to product usage are the key drivers that are expected to boost the growth of predictive analytics market. Lack of skilled professionals, low awareness and sophisticated nature of the processes involved are the factors that may restrain the growth of this market. Growing interests of enterprises in the application of business intelligence tools and the use of cloud technologies gaining prominence in big data analytics are expected to create abundant opportunities in this market.
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The report segments the market on the basis of business functions, applications models, organization size, marketing verticals and geography. Based on business functions, the market is segmented into marketing, sales, finance, human resource and operations. Based on applications, the market is segmented into risk management, operations management, sales and marketing management, network management, supply chain management, workforce management and other applications. Based on organization size, the market is segmented into small and medium enterprises (SMES) and large enterprises. Based on marketing verticals, this report segments the market into banking, financial services and insurance (BFSI), telecommunications & IT, retail and wholesale, healthcare, manufacturing, media & entertainment, transportation & logistics, energy & utilities, and others. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key market players in this market Accretive Technologies, Angoss Software Corporation, FICO, HP, IBM, Information Builders, KXEN Inc., Microsoft, Oracle and Salford Systems
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KEY BENEFITS FOR STAKEHOLDERS:
PREDICTIVE ANALYTICS MARKET KEY SEGMENTATION
Predictive Analytics Market By Business Functions
Predictive Analytics Market By Organization Size
Predictive Analytics Market By Region
Key Company Profile
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Hello this is Richard Kane working in Intense Research as assistant Manager. Intense Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations.