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Predictive Analytics Market (2020-2026) Astonishing Growth, Technology and Top key vendor | Alteryx, Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation

04-22-2020 12:26 PM CET | IT, New Media & Software

Press release from: Reports And Data

Predictive Analytics Market Size - USD 5.81 Billion in 2018, Growth - CAGR of 21.7%, Industry Trends

Predictive Analytics Market Size - USD 5.81 Billion in 2018, Growth - CAGR of 21.7%, Industry Trends

The global Predictive Analytics Market is forecast to reach USD 28.19 Billion by 2026, according to a new report by Reports and Data. Predictive analysis can be an essential business tool for planning, technology management, and decision making, by extracting information from existing data sets. Predictive models are used to analyze existing data and find hidden trends to understand customers and future opportunities & risks better. These business intelligence models gain insights by integrating data mining, artificial intelligence, statistical modelling, machine learning, and other data technologies.

This report covers the recent COVID-19 incidence and its impact on Predictive Analytics. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

To get a sample pdf with the skeleton of the Global Predictive Analytics Market Report, click here: https://www.reportsanddata.com/sample-enquiry-form/2320

In market segmentation by manufacturers, the report covers the following companies-

Alteryx, Inc., Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation (FICO), International Business Machines (IBM) Corporation, Information Builders, KNIME.com AG, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, RapidMiner, QlikTech International, SAP SE, SAS Institute, Inc., Tableau Software, Inc., TIBCO Software, Inc., and Teradata Corporation, among others.

Predictive analytics include decision analysis & optimization, predictive modeling, transaction profiling, and predictive search. These can be applied to various business strategies and has been a crucial element in search advertising and recommendation engines. These techniques can provide decision-makers of the company with tools to influence upselling, sales & revenue forecasting, manufacturing optimization, and even new product development.

For the purpose of this report, Reports and Data have segmented into the global Predictive Analytics market on the basis of end-use, component, organization size, deployment mode, industry vertical, and region:

End-Use Outlook (Revenue, USD Billion; 2016-2026)
Sales and Marketing Management
Financial Management
Customer Behavior Analysis
Supply Chain Management
Network Traffic Management
Demand And Supply Forecasting
Risk Management and Fraud Detection
Others

Component Outlook (Revenue, USD Billion; 2016-2026)
Solution
Services

Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
Cloud
On-Premises

Ask for Discount: https://www.reportsanddata.com/discount-enquiry-form/2320

Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium Sized Enterprise
Large Enterprises

Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
Government and Defense
Healthcare and Life Sciences
Manufacturing
Retail and E-commerce
IT and Telecommunication
Energy and Utilities
Banking, Financial services, and Insurance (BFSI)
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest:

1. Among the end uses, financial management accounted for the largest market share of ~18% in the year 2018. Analysis of the expenditures of the firm helps them to gain insights into their purchasing activities to reduce costs and improve supplier compliance. The upcoming trend of big data analytics and customer analytics will further contribute to the growth of the segment and will provide organizations with enhanced efficiency and profitability.

2. The customer behavior analysis is forecasted to witness the highest growth rate of 23.5% during the forecast period. The technology can be used for integrating data with the use of algorithms and artificial intelligence for forecasting future consumer trends. It is used to find the buying behavior and analyze the needs and preferences of the consumers. Moreover, it is the analysis of the way the customers interact with the business.

3. Among the components, the solutions accounted for a larger market share of ~54% in the year 2018. The segment is further segmented into operations, human resources, financial, IT, marketing, and sales, among others.

4. The services segment is forecasted to witness a higher growth rate of 22.5% during the forecast period. The segment is further classified into managed and professional services...Continued

Aims of the study:

-To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market.
-Examine the existing and emergent trends and promising technological innovations in the market.

-Assessment of market values, modeled values, and international trade values, to deduce the market volume.

-Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends.

-Calculate capacity utilization rate.

Read this report with a detailed description and TOC @ https://www.reportsanddata.com/report-detail/predictive-analytics-market

In conclusion, the Predictive Analytics Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Contact Us:

John Watson
Head of Business Development
Address: 40 Wall St. 28th floor New York City, USA
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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