Global Predictive Analytics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Predictive Analytics Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Predictive Analytics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Predictive Analytics Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Predictive anlytics is a kind of advanced analytics that uses latest as well as historical information to forecast activity, behavior, and trends. It helps to make the predictions of unknown events which are going to occur in the future. It uses different techniques such as data mining, machine learning,and artificial intelligence. These techniques are used to analyze present data and to predicts future consequences and trends.
Due to the presence of interactive and easy-to-use software, availability of faster and cheaper computers, and increasing adoption of innovative technologies give rise to the growth of the market. Increasing adoption of big data and other related technologies are also driving the growth of the market.
Cloud-based technologies are used by number of sectors includes BFSI, IT, and telecom which is the major opportunity to strengthen the growth of the market. Changing regional data regulations leading to the time-consuming restructuring of predictive models is one of the hampering factor for the market. The market has to face various challenges includes ownership & privacy of collected data and data ecosystem.
Key Question Answered: What will be the market size in 2025 and at what rate it will grow? Who are the major key players in global predictive analytics market and what are their strategies? Which vertical industry is expected to show major growth? What segment and region will lead the market and why?
The major companies profiled in the report include: Alteryx, Inc., AgilOne , Angoss Software Corporation, Exago, Inc., Fair Isaac Corporation (FICO), GoodData Corporation, International Business Machines (IBM) Corporation, Kognitio Ltd., MicroStrategy, Inc., Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, QlikTech International, Sisense, Inc., and others.
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