Predictive Analytics Market is valued approximately USD 6.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.17 % over the forecast period 2020-2027. Predictive analytics extract information from current and historical datasets, using data mining, statistics, machine learning, modeling and artificial intelligence to predict potential future outcomes and trends. Predictive analytics helps organization to look forward, anticipating outcomes and provides decision options that are benefited from the predictions and its implications.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw1632
The rising adoption of predictive analytics for forecasting future market trends, enterprises’ need for ensuring market competitiveness and growing adoption of big data and other related technologies are the few factors responsible for growth of the market over the forecast period. Big data is changing the face of marketing tremendously, as most of the population now own smartphones and more and more devices become smart, thus availability of information is high. Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th September 2018, Oracle Corporation launched Predictive Analytics, Machine Learning Solution that provides tools to analyze data, a platform to train, deploy, and manage analytical results and models; and collaboration tools for extended enterprise teams including data engineers, DevOps, businesspeople, application developers, and AI engineers. However, changing regional data regulations leading to the time-consuming restructuring of predictive models is the major factor restraining the growth of global Predictive Analytics market during the forecast period.
The regional analysis of global Predictive Analytics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the growing adoption of predictive analytics as well as high penetration of predictive analytics in multiple industry verticals, such as retail and ecommerce, BFSI, and government. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
International Business Machines (IBM) Corporation
Oracle Corporation
SAP SE
Microsoft Corporation
SAS Institute, Inc.
Fair Isaac Corporation (FICO)
NTT Data Corporation
Tableau Software, Inc.
Tibco Software, Inc.
Rapidminer, Inc.
Download Free Sample of This Strategic Report with Industry Analysis @https://reportocean.com/industry-verticals/sample-request?report_id=bw1632
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Solutions
Services
By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises
By Deployment Model:
On-Premises
Cloud
By Industry Vertical:
Banking, Financial Services, and Insurance
Telecommunications and It
Retail and Ecommerce
Healthcare and Life Sciences
Manufacturing
Government and Defense
Energy and Utilities
Transportation and Logistics
Others
Get a Request Free Sample Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw1632
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
Request Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw1632
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.com