Press release
Advanced and Predictive Analytics Software Market to Value at 8.6% CAGR by 2020
The emergence of ‘data scientists’ as a pool of highly specialized professionals in the global computing industry will work in favor of the deployment of advanced and predictive analytics (APA) software market. The growing emergence of Internet-based business models are expected to create further opportunities for advanced and predictive analytics (APA) software market.
Currently, the APA market is characterized by the advent of several new generations of APA software that can analyze and extract data from complex or large pools of information using their own building models and algorithms.
For the purpose of this study, the global advanced and predictive analytics (APA) software market is segmented on the basis of end-user industry and region. By end user, the global APA market is segmented into: Insurance; banking and financial services; pharmaceutical; government, public administration and utilities; transportation and logistics; retail; telecom and IT; manufacturing; healthcare; energy (electricity, oil, and gas); media and entertainment; engineering and construction; sports; tourism. Of these end-users, retail and BFSI make extensive use of APA, making these two segments the most dominant in the global APA market. PMR analysts expect that this trend will continue over the remainder of the forecast period.
The volume of data generated in other sectors such as education, manufacturing, and healthcare is on the rise, necessitating the deployment of advanced and predictive analytics software here. Thus, the manufacturing, healthcare, and education end-use segments in the global APA software market are expected to report healthy growth over the forecast period.
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The competitive landscape, too, is studied in detail so as to offer insights into companies’ revenue, name brand and product offerings, and highlights of the company’s operation. For this purpose, the companies that have been profiled include: Acxiom Corporation, SAS Institute, Inc., Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., Teradata Corporation, and Tableau Software.
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Likewise, by region, the report segments the advanced and predictive analytics market into North America, Latin America, Japan, Asia Pacific, Western Europe, Eastern Europe, the Middle East and Africa. Of these, North America held the most significant share of revenue in the global advanced and predictive analytics (APA) software market with US$1,121.3 Mn as of 2014. The other major market for advanced and predictive analytics software lies in Asia Pacific (including Japan); this market was worth US$313.0 Mn in 2014. In the APAC (including Japan) region, the adoption of APA software will be the highest in countries such as Japan, Philippines, China, South Korea, and Singapore.
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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APA Software Market to Rise at 8.6% CAGR by 2020
Key players in the global Advanced and Predictive Analytics (APA) software market include International Business Machines Corporation (IBM), SAS Institute Inc., Microsoft Corporation, SAP AG, Tableau Software Inc., Information Builders, Inc., Fair Isaac Corporation (FICO), Teradata Corporation, Oracle Corporation, Acxiom Corporation and TIBCO Software Inc.
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