Press release
Predictive Analytics Market to Exhibit 17.8% CAGR 2013-2019, Increasing Interest in Big Data analytics to Fuel Demand
Predictive analytics is a business intelligence technology that provides a predictive score for each organizational element such as the customer. The process uses numerous modelling techniques and statistics and utilizes business intelligence tools, data mining, and machine information to present forecasts. Applied to business, predictive analytics helps in analyzing the historical facts as well as current data to identify the potential risks and opportunities for any company.
Get Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1713
Based on application, the report segments the global predictive analytics market into marketing and sales, customer and challenge, operations and workforce, and finance and risk. Of these, the finance and risk segment led the market in 2012. Regionally, the report classifies the global predictive analytics market into Asia Pacific, North America, Europe, and Rest of the World. Among these regions, North America accounts for a dominant share of 55.9% in the global market. The increasing demand for advanced business intelligence in North America has aided the expansion of the predictive analytics market in the region. The Europe market, however, is anticipated to exhibit growth at a rapid pace due to the large-scale adoption of predictive analysis in businesses across this region.
On the flip side, the cost and complexity of predictive analysis software, lack of skilled resources, and the tremendously growing volume of diverse data are the factors hindering the growth of the market.
To study the prevailing competitive landscape of the market, the report studies the key enterprises operating therein in terms of company overview, financial overview, product portfolio, business strategies, and development status. A few of the companies profiled in the report are Information Builders Inc., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Teradata Corporation, SAS Institute Inc., TIBCO Software Inc., and Fair Isaac Corporation. Despite the presence of several well-known companies, the market has been monopolized by the top five players, who held over 80% of the global predictive analytics market in 2012.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Predictive Analytics Market to Exhibit 17.8% CAGR 2013-2019, Increasing Interest in Big Data analytics to Fuel Demand here
News-ID: 432057 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Predictive
Predictive Maintenance Market to Hit USD 111.30 Billion By 2030, Boosting Equipm …
✎ Market Overview:
The global Predictive Maintenance Market is experiencing rapid growth, driven by the increasing adoption of Industry 4.0 technologies and a strong focus on cost efficiency and operational productivity. Predictive maintenance (PdM) uses data analysis tools and techniques to detect anomalies in equipment and predict possible failures, allowing for timely maintenance that minimizes downtime and extends asset life. As industrial sectors shift toward digital transformation, the use of artificial…
Emerging Trends Influencing The Growth Of The Predictive Maintenance Market: Enh …
The Predictive Maintenance Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Predictive Maintenance Market?
The market size of predictive maintenance has experienced significant growth in the past few years. The projections suggest an increase from $9.3 billion in 2024…
Emerging Predictive Biomarkers Market Driver 2025-2034: Rising Cancer Cases To B …
How Is the Predictive Biomarkers Market Projected to Grow, and What Is Its Market Size?
In recent times, the size of the predictive biomarkers market has witnessed consistent growth. It is projected to expand from $20.05 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the past could be associated with factors such as the rise in research and…
Manufacturing Predictive Analytics Market to Reach USD 2.52 Billion |Revolutioni …
Advent of Industry 4.0, evolution of IIoT, and rise in operational efficiencies from big data initiatives fuel the growth of the global manufacturing predictive analytics market. On the other hand, dearth of skilled workforce and threat of cyber-attack restrain the growth to some extent. Nevertheless, development of smart data-driven organizations and interference of artificial intelligence (AI) into manufacturing are expected to create multiple opportunities in the near future.
The report…
Predictive Maintenance Market to Grow at 28.8% CAGR | Predictive Maintenance Pio …
According to a recent report published by Allied Market Research, titled, "Predictive maintenance market by component, technique, deployment type, stakeholder, and industry vertical: opportunity analysis and industry forecast, 2020-2027,"the global predictive maintenance market size was valued at $4,331.56 million in 2019, and is projected to reach $31,965.49 million by 2027, growing at a CAGR of 28.8% from 2020 to 2027.
On the basis of deployment model, the on-premise segment…
Healthcare Predictive Analytics Market Size to Hit $74.62 Billion by 2028 | Heal …
Market Overview:
According to our experience research team, Healthcare Predictive Analytics Market was valued at USD 20.16 Billion in 2021, and the global Healthcare Predictive Analytics industry is projected to reach a value of USD 74.62 Billion by 2028, at a CAGR of 27% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,…
