Global Predictive Analytics Market Growth, Trends, Industry Analysis and Forecast to 2025 |The Insight Partners

Predictive Analytics Market to 2025 - Global Analysis
and Forecasts by Applications, Business Function,
Deployment Model
No of Pages: 150
Publishing Date: Feb 2017
Single User PDF: US$ 3900
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Predictive Analytics Market to 2025
Introduction
Predictive analytics is the combined use of data, statistical algorithms, and various machine-learning techniques to
identify the prospect of future outcomes based on historical data. Predictive analysis is set to revolutionize the way
modern day businesses are done. Understanding customer’s requirement well before and accordingly be ready will
benefit the organizations to offer value added services to the end-users. Prediction would enable businesses to be
ready with the required needs of the customers beforehand. Forecasting customer needs and accordingly designing
products gives any organization a competitive edge. The olden day method of businesses initially making a product
on the basis of market research, then taking feedback from customers is to be totally replaced by this technology.
Customer Delight has been widely recognized by businesses worldwide as a crucial factor in maintaining long term
relationships with the customers.
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Predictive Analytics Market to 2025
In addition to customer delight, predictive analytics will enable companies to understand the requirements of the
end-user, this will prove a differentiating factor for businesses. The rapid technological advancements, boom in
artificial intelligence and high competition have led to the growth of this market. The other drivers for the rapid
growth of predictive analysis markets include increased usage of Big Data and cloud by organizations and growing
need for product differentiation driving introduction and adoption of new technologies.
Additionally, with advent of Big Data, predictive analysis is expected to be adopted in Finance and Human
Resources. Application of this technique in sales and marketing management, operations & supply chain
management has significantly benefitted the companies. Realizing its benefits and potentials further it is expected
to be used in other applications such as workforce management and risk management.
There are certain restraining factors for this market which are listed as complex analytical workflow and diversity of
data models based on business needs. For predictive analysis to work successfully, it has a heap of challenges to
overcome. Firstly, the pattern observed on which results are made can’t always be uniform. Different business
models follow different pattern. Understanding each pattern and accordingly predicting the result is one of the
challenges. The task is to convert the inconsistency into a consistent result. Furthermore, data integrity poses a
bigger challenge in implementation of this technology in different end-user verticals.
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Predictive Analytics Market to 2025
The global predictive analysis market has been segmented by applications into network management, risk
management, sales and marketing management, workforce management, operations and supply chain
management. Business functions segment is further divided into, sales, operations, marketing, human resource and
finance functions. In addition the global predictive analysis market has been further fragmented based on
deployment models that are on-premise and on-demand models.
Region wise, North America leads the predictive analysis market due to technological advancements in this region,
followed by Europe and APAC, these regions have shown considerable growth with developing countries in these
regions showing interests in these technologies. Major players in predictive analytics market offering services and
solutions globally are SAS Institute, Teradata Corporation, Acxiom Corporation, SAP SE, Microsoft Corporation, IBM
Corporation, Tableau Software Inc., Information Builders, Fair Isaac Corporation (FICO), and TIBCO Software Inc.
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Predictive Analytics Market to 2025
Few Key Points from Table of Content
Global Predictive Analysis Market Revenue and Forecasts to 2025 – Applications
 Network Management
 Risk Management
 Sales & Marketing Management
 Workforce Management
 Operations & Supply Chain Management
Global Predictive Analysis Market Revenue and Forecasts to 2025 – Business Functions
 Sales
 Operations
 Marketing
 Human Resource
 Finance
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Global Predictive Analytics is the combined use of data, statistical algorithms, and various machine-learning techniques to identify the prospect of future outcomes based on historical data. Predictive analysis is set to revolutionize the way modern day businesses are done. Understanding customer’s requirement well before and accordingly be ready will benefit the organizations to offer value added services to the end-users. Prediction would enable businesses to be ready with the required needs of the customers beforehand. Forecasting customer needs and accordingly designing products gives any organization a competitive edge. The olden day method of businesses initially making a product on the basis of market research, then taking feedback from customers is to be totally replaced by this technology. Customer Delight has been widely recognized by businesses worldwide as a crucial factor in maintaining long term relationships with the customers. Browse Complete Report @ http://theinsightpartners.com/reports/predictive-analytics-market