Predictive Analytics Market - Latest Trends and Future Growth Study by 2017-2022
The major growth drivers of the market include an increasing business interest toward advanced analytics for future estimations. The base year considered for this report is 2016, and the market forecast period is 2017–2022.
(EMAILWIRE.COM, July 31, 2018 ) The predictive analytics market is expected to grow from USD 4.56 Billion in 2017 to USD 12.41 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.1%. The increasing business interest in advanced analytics for future estimations is driving the global preditive analytics market.
The report provides detailed insights into the global predictive analytics market, which is segmented by type (solutions and services), deployment model, organization size, industry vertical, and region. In the types segment, the risk analytics solution is expected to have the largest market share during the forecast period. Vendors provide software and solutions that assist companies with data collection and data analysis for generating meaningful insights. Predictive analytics helps in recognizing the trends and patterns, and delivers results for making better business decisions, thereby helping in achieving a high growth with increased revenues by mitigating the risks.
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On the basis of organization sizes, the predictive analytics market is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. The large enterprises segment is witnessing an increasing adoption rate and is expected to continue its dominating position during the forecast period. Whereas, the SMEs segment, with an increasing focus on improving the customer experience, is likely to have the highest growth rate during the forecast period. Among deployment models, the cloud-based deployment model is expected to exhibit a higher adoption rate, due to the rising demand for 24*7 availability of accessible information and low-cost maintenance services.
The major aspects of the predictive analytics market and provides an in-depth analysis for the major countries across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. 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.
The issues related to data exchange and ownership of data are some of the major challenges faced by the predictive analytics users, which need to be enhanced to improve the growth of the predictive analytics market.
The predictive analytics ecosystem comprises vendors, such as Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines (IBM) Corporation (US), Information Builders (US), Kognitio Ltd. (UK), KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc. (US), and Teradata Corporation (US). Other stakeholders of the predictive analytics market include vendors, research organizations, network and system integrators, predictive analytics managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
The report provides detailed insights into the global predictive analytics market, which is segmented by type (solutions and services), deployment model, organization size, industry vertical, and region. In the types segment, the risk analytics solution is expected to have the largest market share during the forecast period. Vendors provide software and solutions that assist companies with data collection and data analysis for generating meaningful insights. Predictive analytics helps in recognizing the trends and patterns, and delivers results for making better business decisions, thereby helping in achieving a high growth with increased revenues by mitigating the risks.
Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1181
On the basis of organization sizes, the predictive analytics market is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. The large enterprises segment is witnessing an increasing adoption rate and is expected to continue its dominating position during the forecast period. Whereas, the SMEs segment, with an increasing focus on improving the customer experience, is likely to have the highest growth rate during the forecast period. Among deployment models, the cloud-based deployment model is expected to exhibit a higher adoption rate, due to the rising demand for 24*7 availability of accessible information and low-cost maintenance services.
The major aspects of the predictive analytics market and provides an in-depth analysis for the major countries across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. 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.
The issues related to data exchange and ownership of data are some of the major challenges faced by the predictive analytics users, which need to be enhanced to improve the growth of the predictive analytics market.
The predictive analytics ecosystem comprises vendors, such as Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines (IBM) Corporation (US), Information Builders (US), Kognitio Ltd. (UK), KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc. (US), and Teradata Corporation (US). Other stakeholders of the predictive analytics market include vendors, research organizations, network and system integrators, predictive analytics managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.
To Know More About Predictive Analytics Market - https://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results