Global Predictive Analytics Market Research Report, By Techniques (Bayesian Recommendation), By Vertical (BFSI, Healthcare), By Application (Customer Analysis), By Organization Size (Large Enterprise), By Deployment (On-Cloud) - Forecast till 2027
ID: MRFR/ICT/5380-HCR | February 2021 | Region: Global | 100 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/Supply Chain of Predictive Analytics Market
5 Market Overview of Predictive Analytics Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact analysis
7. Predictive Analytics Market by Deployment
7.1 Introduction
7.2 On-Premise
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 On-Cloud
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
8. Predictive Analytics Market by Organization size
8.1 Introduction
8.2 Large Enterprise
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Region, 2020-2027
8.3 SMEs
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Region, 2020-2027
9. Predictive Analytics Market by Techniques
9.1 Introduction
9.2 Support Vector Machines
9.2.1 Market Estimates & Forecast, 2020-2027
9.2.2 Market Estimates & Forecast by Region, 2020-2027
9.3 Bayesian Recommendation System
9.3.1 Market Estimates & Forecast, 2020-2027
9.3.2 Market Estimates & Forecast by Region, 2020-2027
9.4 Deep Neural Networks
9.4.1 Market Estimates & Forecast, 2020-2027
9.4.2 Market Estimates & Forecast by Region, 2020-2027
9.5 Others
9.5.1 Market Estimates & Forecast, 2020-2027
9.5.2 Market Estimates & Forecast by Region, 2020-2027
10. Predictive Analytics Market by Applications
10.1 Introduction
10.2 Customer Churn Rate Prevention
10.2.1 Market Estimates & Forecast, 2020-2027
10.2.2 Market Estimates & Forecast by Region, 2020-2027
10.3 Risk Assessment
10.3.1 Market Estimates & Forecast, 2020-2027
10.3.2 Market Estimates & Forecast by Region, 2020-2027
10.4 Customer Analysis
10.4.1 Market Estimates & Forecast, 2020-2027
10.4.2 Market Estimates & Forecast by Region, 2020-2027
10.5 Sales Forecasting
10.5.1 Market Estimates & Forecast, 2020-2027
10.5.2 Market Estimates & Forecast by Region, 2020-2027
10.6 Market Analysis
10.6.1 Market Estimates & Forecast, 2020-2027
10.6.2 Market Estimates & Forecast by Region, 2020-2027
10.7 Financial Modelling
10.7.1 Market Estimates & Forecast, 2020-2027
10.7.2 Market Estimates & Forecast by Region, 2020-2027
10.8 Others
10.8.1 Market Estimates & Forecast, 2020-2027
10.8.2 Market Estimates & Forecast by Region, 2020-2027
11. Predictive Analytics Market by Vertical
11.1 Introduction
11.2 BFSI
11.2.1 Market Estimates & Forecast, 2020-2027
11.2.2 Market Estimates & Forecast by Region, 2020-2027
11.3 It & Telecommunication
11.3.1 Market Estimates & Forecast, 2020-2027
11.3.2 Market Estimates & Forecast by Region, 2020-2027
11.4 Retail & Ecommerce
11.4.1 Market Estimates & Forecast, 2020-2027
11.4.2 Market Estimates & Forecast by Region, 2020-2027
11.5 Manufacturing
11.5.1 Market Estimates & Forecast, 2020-2027
11.5.2 Market Estimates & Forecast by Region, 2020-2027
11.6 Healthcare
11.6.1 Market Estimates & Forecast, 2020-2027
11.6.2 Market Estimates & Forecast by Region, 2020-2027
11.7 Transportation & Logistics
11.7.1 Market Estimates & Forecast, 2020-2027
11.7.2 Market Estimates & Forecast by Region, 2020-2027
11.8 Government & Defense
11.8.1 Market Estimates & Forecast, 2020-2027
11.8.2 Market Estimates & Forecast by Region, 2020-2027
11.9 Others
11.9.1 Market Estimates & Forecast, 2020-2027
11.9.2 Market Estimates & Forecast by Region, 2020-2027
12. Predictive Analytics Market by Region
12.1 Introduction
12.2 North America
12.2.1 Market Estimates & Forecast by Country, 2020-2027
12.2.2 Market Estimates & Forecast by Deployment, 2020-2027
12.2.3 Market Estimates & Forecast by Organization size, 2020-2027
12.2.4 Market Estimates & Forecast by Techniques, 2020-2027
12.2.5 Market Estimates & Forecast by Applications, 2020-2027
12.2.6 Market Estimates & Forecast by Vertical, 2020-2027
12.2.7 US
12.2.7.1 Market Estimates & Forecast by Deployment, 2020-2027
12.2.7.2 Market Estimates & Forecast by Organization size, 2020-2027
12.2.7.3 Market Estimates & Forecast by Techniques, 2020-2027
12.2.7.4 Market Estimates & Forecast by Applications, 2020-2027
12.2.7.5 Market Estimates & Forecast by Vertical, 2020-2027
12.2.8 Mexico
12.2.8.1 Market Estimates & Forecast by Deployment, 2020-2027
12.2.8.2 Market Estimates & Forecast by Organization size, 2020-2027
12.2.8.3 Market Estimates & Forecast by Techniques, 2020-2027
12.2.8.4 Market Estimates & Forecast by Applications, 2020-2027
12.2.8.5 Market Estimates & Forecast by Vertical, 2020-2027
12.2.9 Canada
12.2.9.1 Market Estimates & Forecast by Deployment, 2020-2027
12.2.9.2 Market Estimates & Forecast by Organization size, 2020-2027
12.2.9.3 Market Estimates & Forecast by Techniques, 2020-2027
12.2.9.4 Market Estimates & Forecast by Applications, 2020-2027
12.2.9.5 Market Estimates & Forecast by Vertical, 2020-2027
12.3 Europe
12.3.1 Market Estimates & Forecast by Country, 2020-2027
12.3.2 Market Estimates & Forecast by Deployment, 2020-2027
12.3.3 Market Estimates & Forecast by Organization size, 2020-2027
12.3.4 Market Estimates & Forecast by Techniques, 2020-2027
12.3.5 Market Estimates & Forecast by Applications, 2020-2027
12.3.6 Market Estimates & Forecast by Vertical, 2020-2027
12.3.7 Germany
12.3.7.1 Market Estimates & Forecast by Deployment, 2020-2027
12.3.7.2 Market Estimates & Forecast by Organization size, 2020-2027
12.3.7.3 Market Estimates & Forecast by Techniques, 2020-2027
12.3.7.4 Market Estimates & Forecast by Applications, 2020-2027
12.3.7.5 Market Estimates & Forecast by Vertical, 2020-2027
12.3.8 France
12.3.8.1 Market Estimates & Forecast by Deployment, 2020-2027
12.3.8.2 Market Estimates & Forecast by Organization size, 2020-2027
12.3.8.3 Market Estimates & Forecast by Techniques, 2020-2027
12.3.8.4 Market Estimates & Forecast by Applications, 2020-2027
12.3.8.5 Market Estimates & Forecast by Vertical, 2020-2027
12.3.9 UK
12.3.9.1 Market Estimates & Forecast by Deployment, 2020-2027
12.3.9.2 Market Estimates & Forecast by Organization size, 2020-2027
12.3.9.3 Market Estimates & Forecast by Techniques, 2020-2027
12.3.9.4 Market Estimates & Forecast by Applications, 2020-2027
12.3.9.5 Market Estimates & Forecast by Vertical, 2020-2027
12.3.10 Rest of Europe
12.3.10.1 Market Estimates & Forecast by Deployment, 2020-2027
12.3.10.2 Market Estimates & Forecast by Organization size, 2020-2027
12.3.10.3 Market Estimates & Forecast by Techniques, 2020-2027
12.3.10.4 Market Estimates & Forecast by Applications, 2020-2027
12.3.10.5 Market Estimates & Forecast by Vertical, 2020-2027
12.4 Asia-Pacific
12.4.1 Market Estimates & Forecast by Country, 2020-2027
12.4.2 Market Estimates & Forecast by Deployment, 2020-2027
12.4.3 Market Estimates & Forecast by Organization size, 2020-2027
12.4.4 Market Estimates & Forecast by Techniques, 2020-2027
12.4.5 Market Estimates & Forecast by Applications, 2020-2027
12.4.6 Market Estimates & Forecast by Vertical, 2020-2027
12.4.7 China
12.4.7.1 Market Estimates & Forecast by Deployment, 2020-2027
12.4.7.2 Market Estimates & Forecast by Organization size, 2020-2027
12.4.7.3 Market Estimates & Forecast by Techniques, 2020-2027
12.4.7.4 Market Estimates & Forecast by Applications, 2020-2027
12.4.7.5 Market Estimates & Forecast by Vertical, 2020-2027
12.4.8 India
12.4.8.1 Market Estimates & Forecast by Deployment, 2020-2027
12.4.8.2 Market Estimates & Forecast by Organization size, 2020-2027
12.4.8.3 Market Estimates & Forecast by Techniques, 2020-2027
12.4.8.4 Market Estimates & Forecast by Applications, 2020-2027
12.4.8.5 Market Estimates & Forecast by Vertical, 2020-2027
12.4.9 Japan
12.4.9.1 Market Estimates & Forecast by Deployment, 2020-2027
12.4.9.2 Market Estimates & Forecast by Organization size, 2020-2027
12.4.9.3 Market Estimates & Forecast by Techniques, 2020-2027
12.4.9.4 Market Estimates & Forecast by Applications, 2020-2027
12.4.9.5 Market Estimates & Forecast by Vertical, 2020-2027
12.4.10 Rest of Asia-Pacific
12.4.10.1 Market Estimates & Forecast by Deployment, 2020-2027
12.4.10.2 Market Estimates & Forecast by Organization size, 2020-2027
12.4.10.3 Market Estimates & Forecast by Techniques, 2020-2027
12.4.10.4 Market Estimates & Forecast by Applications, 2020-2027
12.4.10.5 Market Estimates & Forecast by Vertical, 2020-2027
12.5 Rest of the World
12.5.1 Market Estimates & Forecast by Country, 2020-2027
12.5.2 Market Estimates & Forecast by Deployment, 2020-2027
12.5.3 Market Estimates & Forecast by Organization size, 2020-2027
12.5.4 Market Estimates & Forecast by Techniques, 2020-2027
12.5.5 Market Estimates & Forecast by Applications, 2020-2027
12.5.6 Market Estimates & Forecast by Vertical, 2020-2027
12.5.7 Middle East & Africa
12.5.7.1 Market Estimates & Forecast by Deployment, 2020-2027
12.5.7.2 Market Estimates & Forecast by Organization size, 2020-2027
12.5.7.3 Market Estimates & Forecast by Techniques, 2020-2027
12.5.7.4 Market Estimates & Forecast by Applications, 2020-2027
12.5.7.5 Market Estimates & Forecast by Vertical, 2020-2027
12.5.8 Latin Countries
12.5.8.1 Market Estimates & Forecast by Deployment, 2020-2027
12.5.8.2 Market Estimates & Forecast by Organization size, 2020-2027
12.5.8.3 Market Estimates & Forecast by Techniques, 2020-2027
12.5.8.4 Market Estimates & Forecast by Applications, 2020-2027
12.5.8.5 Market Estimates & Forecast by Vertical, 2020-2027
12. Company Profiles
12.1 IBM Corporation
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 SAS Institute Inc.
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 SAP SE
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Microsoft Corporation
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Oracle Corporation
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 Tibco Software
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 Angoss Software Corporation
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 Tableu Software Inc.
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 Rapidminer Inc.
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 NTT Data Corporation
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
12.11 Fair Isaac Corporation
12.11.1 Company Overview
12.11.2 Product/Business Segment Overview
12.11.3 Financial Updates
12.11.4 Key Developments
12.12 Radius Intelligence Inc.
12.12.1 Company Overview
12.12.2 Product/Business Segment Overview
12.12.3 Financial Updates
12.12.4 Key Developments
12.13 Ignite Technologies, Inc.
12.13.1 Company Overview
12.13.2 Product/Business Segment Overview
12.13.3 Financial Updates
12.13.4 Key Developments
12.14 Dundas Data Visualization, Inc.
12.14.1 Company Overview
12.14.2 Product/Business Segment Overview
12.14.3 Financial Updates
12.14.4 Key Developments
12.15 BOARD International
12.15.1 Company Overview
12.15.2 Product/Business Segment Overview
12.15.3 Financial Updates
12.15.4 Key Developments
13 Conclusion
LIST OF TABLES
Table1 Global Predictive Analytics Market, by Country, 2020–2027
Table2 North America: Predictive Analytics Market, by Country, 2020–2027
Table3 Europe: Predictive Analytics Market, by Country, 2020–2027
Table4 Asia-Pacific: Predictive Analytics Market, by Country, 2020–2027
Table5 North America: Predictive Analytics Market, by Country
Table6 North America: Predictive Analytics Market, by Deployment
Table7 North America: Predictive Analytics Market, by Organization size
Table8 North America: Predictive Analytics Market, by Techniques
Table9 North America: Predictive Analytics Market, by Application
Table10 North America: Predictive Analytics Market, by Vertical
Table11 Europe: Predictive Analytics Market, by Country
Table12 Europe: Predictive Analytics Market, by Deployment
Table13 Europe: Predictive Analytics Market, by Organization size
Table14 Europe: Predictive Analytics Market, by Techniques
Table15 Europe: Predictive Analytics Market, by Application
Table16 Europe: Predictive Analytics Market, by Vertical
Table17 Asia-Pacific: Predictive Analytics Market, by Country
Table18 Asia-Pacific: Predictive Analytics Market, by Deployment
Table19 Asia-Pacific: Predictive Analytics Market, by Organization size
Table20 Asia-Pacific: Predictive Analytics Market, by Techniques
Table21 Asia-Pacific: Predictive Analytics Market, by Application
Table22 Asia-Pacific: Predictive Analytics Market, by Vertical
Table23 Middle East & Africa: Predictive Analytics Market, by Deployment
Table24 Middle East & Africa: Predictive Analytics Market, by Organization size
Table25 Middle East & Africa: Predictive Analytics Market, by Techniques
Table26 Middle East & Africa: Predictive Analytics Market, by Application
Table27 Middle East & Africa: Predictive Analytics Market, by Vertical
Table28 Latin America: Predictive Analytics Market, by Deployment
Table29 Latin America: Predictive Analytics Market, by Organization size
Table30 Latin America: Predictive Analytics Market, by Techniques
Table31 Latin America: Predictive Analytics Market, by Application
Table32 Latin America: Predictive Analytics Market, by Vertical
LIST OF FIGURES
FIGURE 1 Global Predictive Analytics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Predictive Analytics Market
FIGURE 4 Value Chain of Global Predictive Analytics Market
FIGURE 5 Share of Predictive Analytics Market in 2020, by country (in %)
FIGURE 6 Global Predictive Analytics Market, 2020–2027
FIGURE 7 Global Predictive Analytics Market Size by Deployment, 2020–2027
FIGURE 8 Share of Global Predictive Analytics Market by Deployment, (in %)
FIGURE 7 Global Predictive Analytics Market Size by Organization size, 2020–2027
FIGURE 8 Share of Global Predictive Analytics Market by Organization size, (in %)
FIGURE 10 Global Predictive Analytics Market Size by Techniques, 2020–2027
FIGURE 12 Share of Global Predictive Analytics Market by Techniques, (in %)
FIGURE 10 Global Predictive Analytics Market Size by Application, 2020–2027
FIGURE 12 Share of Global Predictive Analytics Market by Application, (in %)
FIGURE 10 Global Predictive Analytics Market Size by Vertical, 2020–2027
FIGURE 12 Share of Global Predictive Analytics Market by Vertical, (in %)
Global Predictive Analytics Market
Global Predictive Analytics Market value of about USD 13 billion during the market forecast period where it occupied a CAGR value of 21%.
$13 billion
Market Size
21 %
CAGR
North America
Dominating Region
2020-2027
Forecast Period
Segmentation
Key Players
- SAS Institute Inc. of the United States
- Oracle Corporation of the United States
- Microsoft Corporation of the United States
- SAP SE of Germany
Drivers
- Adopting some of the various predictive solutions techniques
- Globalization and stabilization of the financial conditions
PREDICTIVE ANALYTICS MARKET OVERVIEW
It has been expected that globally the market has occupied a market value of about USD 13 billion during the market forecast period where it occupied a CAGR value of 21 percent. Analyses up of historical and present documents and predicting future events symbolize the importance of having ideas about predictive analytics. Along with analyses, the prediction about the events gives out the best solutions thus supporting the vector machines, providing a good recommendation about the bayesian system along with deep neural networking systems.
The key players have carried out certain organic along with inorganic growth strategies which include the launching of new products, upgrading the product, merging, acquisitions and expansion has helped in strengthening up the business.
COVID 19 ANALYSIS
The outbreak of COVID has deteriorated the market and has hampered the market growth and its business. It also hurts the economic condition of the analytics industry thus affecting the living of the masses. It has hindered the approaches so made by the enterprises for the development of their businesses. The efforts so taken by the large and small enterprises to sustain the present situation have passed a new normal life for them. A shift in their focus from the growing driving opportunities and majorly focussing on implementing certain measures for mitigating the spread of COVID. Owing to the present scenario, some of the analytics projects are on hold. The majority of companies are facing competition to gain a very simple project.
Certain practices so imposed by the government as work from home and social distancing are improving the requirement of remote health monitoring up of the infected people. Adopting smart payment technologies, and developing certain digital infrastructure for the deployment of technology. This pandemic in fact brought security concerns due to some connectivity issues.
MARKET DYNAMICS
- Drivers- adopting some of the various predictive solutions techniques along with the new marketing trends has helped in raising the need and demand for predictive analytics. It has brought huge competition in the predictive analytics market. As per the survey, so imposed by Princewaterh use Coopers during the forecast period, has conducted certain important decisions that are very much required for the organizations for launching up of new and advanced products and services. It has helped in promoting new entrants into the industry and investing a large sum of about 15 percent in IT firms. 48percent of the predictive analytics organizations are trying to take certain drive-in decisions. Here the analytics solutions have helped the organizations for analyzing the enterprises and giving good information about the customer's data whereas helping them in providing taking certain required decisions including the marketing strategies, improving the customer's service, carrying out liquidity planning, and many more. This has helped the organizations to understand the behavior of the customer during the forecast market period, decrease the churn rate, and help in accessing the risks linked with the operations. Using huge data and files has pushed up the predictive analytics market growth. Adopting certain technology such as artificial intelligence, machine learning, and certain advanced analytics has spurred up the predictive analytics market growth.
- Opportunities- during the predictive analytics market forecast period, some of the factors like the rise in adoption of artificial intelligence and ML along with building partnerships and launching new products as per the technology have helped in expanding up the predictive analytics market growth. Globalization and stabilization of the financial conditions are some of the forces that enhance opportunities. The collection of more data has improved the consumer behavior where the datapoint on processed will improve the behavior of the customer.
- Challenges- concerning more about the security of the predictive data is an important challenging factor of the market. Monetization of the assets of the data needs the availability of a sufficient amount of data which is another challenging factor for the market. Consolidation of data from the exact data source can pose a ceratin new challenge for organizing the enterprises. Exchange of data and data ecosystem will help in delivering certain tools which have helped in analyzing the assets at a centralized location. The analytics has offered certain integrated data platforms which have helped the customers for aggregating the data in a very localized manner.
- Restraints- having the least ideas about the benefits associated with the predictive market has hampered the rise in predictive analytics market size. Predictive analytics poses decision-making data for interpretation and imposes a very large picture which boosted the business performance. The transformation of the analytics models containing both software and services depends on the method of analysis. Some of the professional methods of analytics are important for customizing the predictive data. Availability of skilled labor improves the market size.
MARKET SEGMENTATION
- By type- globally and regionally, it has been marked that the predictive analytics market is being classified into deployment type, size of the organization, techniques, applications, and vertical units. Based on deployment type, the predictive analytics market trends led to the division of the market into on-premise and on-cloud segments. Concerning the size of the organization, the analytics industry is being divided into large along with medium and small scale enterprises. As per the techniques, the industry is being classified into certain networking systems. Moreover, the application segment is divided into the prevention of churn rate, risk assessment, analysis of customer units, forecasting of sale sector, analysis of marketing sector, financing, modeling, and many more.
- By technology- technology has led to the extraction of value-added data which is a requirement for decreasing the risks associated with it, targeting the valuable users, and carrying out proper business performance. Technology has helped in the growth of the use of the internet which has increased the volume of data thus improving the large speed services of the internet.
REGIONAL ANALYSIS
During the predictive analytics market forecast period, it has been marked that the predictive market has attained certain influential growth. The market has been extended into the region of North America, some of the European region, Asia Pacific, and some regions present in the rest of the world. It has been marked that the North American region has dominated the whole of the world. Some of the competitors in the market are trying to launch certain solutions as per the new technological growth and development. The region of Asia Pacific has been marked to be the fastest growing marketing segment where actual government support has been imposed on certain small enterprises. In certain countries of Japan, China and India some of the other areas have led them to raise their certain operational performance for the development of the analytic market.
COMPETITIVE LANDSCAPE
Some of the key players operating in the predictive analytics market are SAS Institute Inc. of the United States, Oracle Corporation of the United States, Microsoft Corporation of the United States, SAP SE of Germany, Tibco Software Inc. of the United States, IBM Corporation of the United States, Tableau Software of the United States, Dundas Data Visualisation Inc. of Canada, NTT Data Corporation of Japan, Rapidminer inc. of the United States, Radius Intellegence Inc. of the United States, BOARD International of Switzerland, Agnoss Software Corporation of Canada, Ignite Technologies Inc. of the United States, and Fair Issac Corporation of the United States.
RECENT DEVELOPMENTS
- Fitbit in August 2020, has built its partnership and has acquired 34percent growth in the sale of smartwatches in the second quarter period of 2020.
Report overview
From the predictive analytics market analysis, it has been found that the report signifies the segments and their sub-segments. The report aims at estimating the growing market size and signifies the influential performance of the market. It gives an in-depth study about the competitive analysis of the competitors emerging in the whole of the industry along with their profiles, the key observations concerning the product, and their offerings. It signifies the marketing strategies so being carried out and the recent development so being done for improving the economic conditions of the market. The report gives information about the new entrants in the market and the closest approximations about the revenue members. It kept the stakeholders under the competitive scenario thus helping them gain insights about attaining a better position in the market. It provides ideas about the drivers, restraints, some of the opportunities, and the challenges.
Frequently Asked Questions (FAQ) :
The predictive analysis market is poised to register 21% CAGR.
The size of the predictive analysis market is poised to reach USD 13 Bn by 2023.
Lack of awareness about the benefits is poised to pose challenge to market expansion.
Based on technique, the segments of the predictive analysis market are support vector machines (SVMs), deep neural networks, bayesian recommendation system, and others.
The major participants of the predictive analysis market are SAS Institute Inc. (US), Tibco Software Inc. (US), Microsoft Corporation (US), Tableu Software (US), Radius Intelligence Inc. (US), NTT Data Corporation (Japan), Dundas Data Visualization, Inc. (Canada), SAP SE (Germany), IBM Corporation (US), and Oracle Corporation (US).
