The global advanced and predictive analytics software market was valued at US$ 2,422.9 Mn in 2014 and is expected to expand at a CAGR of 8.6% during the forecast period (2015–2020).
Albany, NY -- (SBWIRE) -- 07/29/2016 -- Advanced & predictive analytics is a group of analytic techniques, based on mathematical principles used to anticipate the future outcomes. Application of advanced & predictive analytics techniques which started its application to illustrate statistics which was used to count and quantify past occurrences, which can be crucial in a reactive and course correction manner. These advanced & predictive analytics technologies are extensively utilised in various industry verticals, including marketing, risk management, economics and healthcare. In the recent years, many new diverse business domains have shown a legitimate interest in these technologies to cultivate better decision making and improved business outcomes.
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This research report on the Advanced and Predictive Analytics (APA) software market provides a detailed analysis of APA software and helps in understanding driving forces behind the popularity of these solutions across different end-user industries. This study demonstrates the market dynamics and trends in all the seven regions, which are expected to influence the current nature and future status of the Advanced and Predictive Analytics (APA) software market over the forecast period. Additionally, it covers the entire Advanced and Predictive Analytics (APA) software ecosystem, including the new technological developments as well as service offerings in the aforementioned market.
Implementation of big data repositories, such as NewSQL, NoSQL, Hadoop databases and other platforms, to enhance the ability of computing data and business value from APA, is further contributing to the growth of the Advanced and Predictive Analytics (APA) software market. Additionally, expansion in the usage of data science is also propelling the adoption of Advanced and Predictive Analytics (APA) software globally. In addition to this, the shift in an interest of business analysts towards becoming data scientist is further fuelling the adoption of the Advanced and Predictive Analytics (APA) software across various end user segments.
The Advanced and Predictive Analytics (APA) software market report include PMR's analysis of the key trends, drivers and restraints influencing the global Advanced and Predictive Analytics (APA) software market currently. Weighted average model is leveraged to identify the impact of key growth drivers and restraints across various geographies, in order to help clients in framing accurate business strategies.
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On the basis of end-users, the market is segmented as banking and financial services, insurance, government, public administration and utilities, pharmaceuticals, telecom and IT, retail, transportation and logistics, healthcare, manufacturing, media and entertainment, energy (oil, gas and electricity), engineering and construction, tourism and sports. The report provides the detailed analysis of each end-users segment in terms of its market size (US$ Mn) with respect to the Advanced and Predictive Analytics (APA) software. Key regions assessed in this report include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific (excluding Japan), Japan and the Middle East & Africa. In addition, the report provides the detailed analysis of the key trends, absolute dollar opportunity and BPS analysis of the concerned market segments.
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