Predictive Analytics Market Analysis Report, Regional Outlook with Key Players – Oracle Corporation, SAP SE, Microsoft Corporation, SAS Institute, Fair Isaac Corporation (FICO), NTT Data Corporation, Tableau Software

Coherent Market Insights has announced the addition of the “Predictive Analytics Market Size Status and Forecast 2026”, The report classifies the global Predictive Analytics Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Predictive Analytics Market, analyzes and researches the Wind Turbine Inspection Drones Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market,Oracle Corporation, SAP SE, Microsoft Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), NTT Data Corporation, Tableau Software, Inc., Tibco Software, Inc., and Rapidminer, Inc.

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Increasing demand for market insights from unstructured data such as documents, call centre transcripts, email messages, social media content, and social networking sites is major factor driving growth of predictive analytics market. In organization only 20% of data is structured and 80% of data is unstructured. Predictive analytics software extract insights from unstructured data with the help of language processing technology combined with a variety of analytical tools. This insights enables the companies to understand customer mind-sets, purchase preferences, and sentiments that cannot be anticipated from structured data alone. Hence, growth of unstructured data is driving growth of the predictive analytics market.

The cloud deployment model segment is projected to witness highest CAGR over the forecast period, owing to various advantages such as low maintenance cost, remote location access, and flexibility, which have accelerated the demand for cloud based predictive analytics solutions.

Predictive Analytics Market: Regional Insights

On the basis of geography, the global predictive analytics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market and is projected to retain its dominance throughout the forecast period. The U.S and Canada are the major economies driving growth of the market in this region. Increasing dominance of digitalization and high adoption of analytics application by various organizations have accelerated growth of the market in this region.

Predictive Analytics Market: Taxonomy

By Type:

- Services
- Solutions

By Deployment:

- On premises
- Cloud-based

By Applications:

- Banking Financial Service and Insurance (BFSI)
- Telecommunication and IT
- Retail and Ecommerce,
- Healthcare and Life Science
- Manufacturing
- Government and Defense
- Energy and Utilities
- Transportation and Logistics
- Others

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.