openPR Logo
Press release

Global predictive analytics market is expected to grow at a CAGR of 20.3% by 2027 owing to ease of risk management which otherwise is a complex procedure and takes hours of manpower yet hardly guarantees total safety

03-13-2019 11:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Absolute Markets Insights

/ PR Agency: Absolute Markets Insights
Global predictive analytics market is expected to grow at a CAGR

Predictive analytics market has obtained immense focus on handing over information to organizations and assisting them in combating risks and maintaining company’s growth. The technology has transformed risk management by informing the upcoming course of events. Organizations around the globe have been focused on reducing risks associated with its workforce. Predictive analysis, through its ability to scan across large amount of data sets and past trends, has enabled to identify and detect such vulnerabilities. Predictive analytics holds the power to map changes which has brought about transformations in the industry. Providers operating in predictive analytics market have been changing the geography of risk management. FM Global, an American mutual insurance company, uses predictive analytics to mitigate risks while underwriting an insurance. RiskMark, one of its indigenously developed tool, benchmarks the risk quality and assists in underwriting appropriate policies. It uses over 700 data points from 100,000 location visits each year to help prioritize property risk and allocate risk improvement capital.

The overall predictive analytics, revenue stood at US$ 5,161.02 million in the year 2018 and is expected to grow at a CAGR of 20.3% during the forecast period of 2019 - 2027. The study analyzes the market in terms of revenue across all the major markets.

Request a Sample Copy of This Report@ https://www.absolutemarketsinsights.com/request_sample.php?id=196
The technology further aids C-suits of organizations in efficient and timely decision-making and in the development of strategic goals. American Express, an American multinational financial services corporation, uses predictive analytics to scrutinize historical transactions to forecast potential outgoing clients. In their operational region of Australia, they identified 24% of accounts that showed symptoms of being closed within the coming four months using the mechanism. A proper attention, reward and better service offerings were used to retain theses customers. Predictive analytics market has targeted one of the most crucial activities in the business environment and thus, has gained an eminent position which guarantees the growth of the market.

“Risk Mitigation and predictive analytics – How much in sync? T-Mobile US, Inc., a US based wireless network operator, integrates data gathering tools across its IT systems to combine customer transactions and data on social media usage. They predict customer fluctuations and cut abandoning customers by leveraging predictive analytics. Hence, the growing need among organizations to enhance brand recognition through customer retention is influencing the growth of predictive analytics market.”

Inquiry Before Buying This Report@ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=196

The detailed research study provides qualitative and quantitative analysis of the global predictive analytics market. The predictive analytics market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global predictive analytics market are Anaconda Inc., Buxton, Dataiku, DataRobot, Inc., Fair Isaac Corporation, Funnel Science, GoodData Corporation, IBM Corporation, KNIME AG, Microsoft, Minitab, LLC, Oracle, RapidMiner, Inc., SAS Institute Inc., Sisense Inc., Softweb Solutions Inc., TIBCO Software Inc., Wolfram amongst others.

Request for Customized Report@ https://www.absolutemarketsinsights.com/request_for_customization.php?id=196

o By Offering
o Solution
o Services
 Managed Services
 Professional Services
• Support and Maintenance
• Consulting
• Training

o By Methodology
o Time Series Analysis
o Regression
 Linear
 Logistics
o Decision Trees
o Machine Learning

o By Application
o Financial
o Risk Management
o Marketing
o Sales
o Customer Relation
o Web and Social Media
o Supply Chain
o Network

o By Deployment
o On Cloud
o On Premise

o By Organization Size
o Small and Medium Enterprises
o Large Enterprises

o By Vertical
o Banking, Financial Services, and Insurance
o Telecommunications and IT
o Retail and Ecommerce
o Healthcare and Life Sciences
o Manufacturing
o Government and Defense
o Energy and Utilities
o Transportation and Logistics
o Others

o By Region
o North America
 U.S.
 Canada
 Mexico
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
 Benelux Union
• Belgium
• The Netherlands
• Luxembourg
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
 Rest of Asia Pacific
o Middle East & Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa
o Latin America
 Brazil
 Argentina
 Rest of Latin America

Purchase Full Analysis Report@ https://www.absolutemarketsinsights.com/checkout?id=196

Related Reports:

https://www.absolutemarketsinsights.com/reports/Business-Intelligence-and-Analytics-Software-Market-2019-2027-178
https://www.absolutemarketsinsights.com/reports/Global-Edge-Analytics-Market--2019-2027-188
https://www.absolutemarketsinsights.com/reports/Text-Analytics-Market-2018-2026-107

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

Contact Us:

Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
Website: https://www.absolutemarketsinsights.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 Global predictive analytics market is expected to grow at a CAGR of 20.3% by 2027 owing to ease of risk management which otherwise is a complex procedure and takes hours of manpower yet hardly guarantees total safety here

News-ID: 1651338 • Views:

More Releases from Absolute Markets Insights

Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Google Inc., Microsoft Corporation, Apple Inc., and Qualcomm Technologies Inc.
Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Goog …
The latest report, Global Gesture Recognition Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by 2031 Research on Latest Technologies by Absolute Markets Insights
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by …
Global Blockchain Identity Management Market Report is a compilation of comprehensive research studies on various aspects of the Blockchain Identity Management Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global Blockchain Identity Management Market. Market participants can use this powerful tool when creating effective business plans or making important changes to their
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute Markets Insights
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute …
Global Payment Software Market was valued at USD 240 million in 2023 and is anticipated to exceed USD 510 million by 2031. The Global Payment Software Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By 2031 | CAGR 48.29 %: Absolute Markets Insights
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By …
A New Market study by Absolute Markets Insights on the Global Artificial Intelligence in Healthcare Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles 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 Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery 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 Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on