The global predictive analytics market is forecast to reach USD 28.19 Billion by 2026, according to a new report by Reports and Data. Predictive analysis can be an essential business tool for planning, technology management, and decision making, by extracting information from existing data sets. Predictive models are used to analyze existing data and find hidden trends to understand customers and future opportunities & risks better. These business intelligence models gain insights by integrating data mining, artificial intelligence, statistical modeling, machine learning, and other data technologies.
Business functions such as finance, marketing, retail, insurance, tourism, healthcare & pharmaceutical, and utility firms rely on these models to forecast and improve customer experience. For example, Netflix learns about the movies their viewers are likely to enjoy, and Amazon predicts what a customer would buy.
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The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.
Key companies operating in the market include: Alteryx, Inc., Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation (FICO), International Business Machines (IBM) Corporation, Information Builders, KNIME.com AG, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, RapidMiner, QlikTech International, SAP SE, SAS Institute, Inc., Tableau Software, Inc., TIBCO Software, Inc., and Teradata Corporation, among others.
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The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Predictive Analytics market.
End-Use Outlook (Revenue, USD Billion; 2016-2026)
- Sales and Marketing Management
- Financial Management
- Customer Behavior Analysis
- Supply Chain Management
- Network Traffic Management
- Demand And Supply Forecasting
- Risk Management and Fraud Detection
Component Outlook (Revenue, USD Billion; 2016-2026)
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
- Small and Medium Sized Enterprise
- Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
- Government and Defense
- Healthcare and Life Sciences
- Retail and E-commerce
- IT and Telecommunication
- Energy and Utilities
- Banking, Financial services, and Insurance (BFSI)
Key Points Addressed in the Report:
- Market revenue shares by major business players, by type, by application, and market scope of global Predictive Analytics market
- Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
- Strategic recommendation to key players and new entrants to overcome barriers in the global market
- 8-year forecast of Predictive Analytics market along with analysis of global trends, economic scenario, and key opportunities
- In-depth analysis of major challenges, restraints, limitations, along with drivers, growth prospects, and opportunities
- Regional analysis and country-wise analysis to provide better understanding of the global market
- Extensive study of key product types and applications offered by the industry
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