Predictive Analytics Industry: Know the Impact of COVID19 on Global Predictive Analytics Market | Market to Grow at a CAGR of 21.5 by 2026

The Global Predictive Analytics Market Ecosystem was valued at US$ 5.70 billion in 2018 and is expected to reach US$ 14.0 billion by the year 2023, growing at a CAGR of 21.5%.
The ripple effect of Coronavirus-COVID19 on the Predictive Analytics Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Predictive Analytics Market. Key datasets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Predictive analytics is the branch of advanced analytics used for extracting information from existing data sets by encompassing a variety of statistical techniques, from data mining to machine learning, and predictive modeling, in order to forecast activity, behavior, and trends. Growth in cloud adoption, increasing business interest, and growing concerns of companies to streamline their production flow, reduce time-to-market, and increase product quality are the factors in driving the demand for Predictive Analytics Market Ecosystem. Predictive Analytics Market is being increasingly used by various industries, such as the eCommerce industry, to modify the traditional shopping behavior of customers to increase customers' loyalty and generate sales. Retailers are now focusing on real-time analysis of customers' shopping behavior and market basket analysis for analyzing consumer perception. The use of online/social media advertising, email campaigns, and cognitive analysis of customers are the key enablers for improving sales and increasing customer retention. In July 2017, SAP SE has partnered with Centrica plc, the British multinational energy and Services Company, to help its customers in managing energy consumption and assets based on insights and connectivity available through IoT.

Market Segmentation:
Following Top Key players are profiled in this Market Study:
FedEx Corporation, DHL International GmbH, Oracle Corporation and more...

By Application: Transportation, Logistics, Healthcare, Automotive, Retail, BFSI, Aerospace, Oil & Gas, Consumer Electronics, Others.

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Global Predictive Analytics Market Ecosystem
The global Predictive Analytics Market Ecosystem was valued at US$ 5.70 billion in 2018 and is expected to reach US$ 14.0 billion by the year 2023, growing at a CAGR of 21.5%. The growth of the Predictive Analytics Market Ecosystem is mainly driven by the emergence of a massive amount of data overflow, coupled with the adoption of a data-driven approach to deliver quantifiable results. Companies such as FedEx Corporation, DHL International GmbH, Oracle Corporation, etc., are already using predictive analytics solutions to train, deploy, and manage analytical results and models.

Regional Analysis:
The U.S. is leading the market owing to the growing adoption of advanced predictive analytics, as well as the strong presence of key market players such as Oracle Corporation, IBM Corporation, and others. Further, rising technological advancement, increasing innovation in predictive analytics solutions, and growing awareness about predictive analytics measures and their importance in improving business operations have created lucrative growth opportunities for the market.
India and China are projected to be the leading markets that will contribute to the growth of the global market due to the high penetration of the internet and rapid urbanization. Increasing deployment of advanced predictive analytics solutions and rising focus on and investments in emerging technologies such as IoT, machine learning, and artificial intelligence, are the factors that are anticipated to drive the demand for the Predictive Analytics Market Ecosystem in these countries.

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Table of Content:
Ecosystem Report - Table of Content
1. Introduction
1. Global Predictive Analytics Market Ecosystem Definition
2. Scope of study
2. Executive Summary
1. Global Market Segmentation
Predictive Analytics Market Ecosystem Positioning
1. Global Predictive Analytics Market Ecosystem Snapshot
2. Global Predictive Analytics Market Ecosystem Segmentation
1. By Component
Predictive Analytics Market Ecosystem Sizing, Volume, and ASP Analysis & Forecast
1. Global Predictive Analytics Market Ecosystem Sizing & Volume
1. Cross-segmentation
And More...

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