Pune, India -- (SBWIRE) -- 03/23/2019 -- The Predictive Analytics Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the predictive analytics market.

Infinium Global Research's report covers the annual growth of the Global predictive analytics market. It also includes chapters on the Global predictive analytics industry trends, geographic analysis, and competitive landscape.

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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Predictive Analytics Market: Industry Insights

Predictive Analytics is the form that analyzes historical and current facts to make the forecast about the future using a variety of statistical techniques from data mining, machine learning, predictive modeling, and artificial intelligence. It can help an organization to forecast the future based on historical data using analytical techniques such as machine learning. To promote cross-sell opportunities and to determine customer purchases or responses, predictive analytics is used.

Predictive Analytics Market: Drivers and Restraints

Emerging technologies and the huge amount of data generated due to numerous interactions with the customers which should be operated and analyzed for the future forecast is the driving factor for the predictive analytics market. Adoption of big data is increased due to high data generated of consumers, which boost the predictive analytics market. In some regions, there is a lack of awareness for the predictive analytics which restrains the market. The predictive analytic needs the expertise to forecast but there is a lack of professional or skilled labor is the major constraint for the predictive analytics market. Lack of adoption of new technologies in developing countries are the restraints of the market.

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Predictive Analytics Market: Segmentation

Predictive Analytics Market is segmented on the basis of Components, Organization Size, Delivery Mode, Application, and End-User. Components are further segmented into Solution and Services, in which solutions are dominant in the market due to the increasing demand for risk and financial analytics, as the rising banking sector. By organization size, it is bifurcated into Large Scale Enterprise and Small and Medium Scale Enterprises. Large scale enterprise holds a large amount in the predictive analytics market due to high awareness for the consumer forecast. Delivery mode is segmented into Cloud-based Technology and On-Premise Installation, in which cloud-based holds highest due to an increase in the use of cloud technology in big data analytics. By Application, the predictive analytics market is segmented into Sales and Marketing Management, Supply Chain Management, Risk Management, Operation Management, Workforce Management, Network Management, and Others. And by end-user, bifurcated into telecom and IT, BFSI, Healthcare, Government, Public Administration & Utilities, Retail and E-commerce, Energy and Utilities, Manufacturing and Others.

Predictive Analytics Market: Regional Insights

Predictive Analytics Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). North America holds the highest market in the Global Predictive Analytics Market as there is higher adoption in emerging technologies such as big data, artificial intelligence, and cloud. In North America, the U.S. dominates the market followed by Canada and Mexico. Asia-Pacific is expected to grow with the highest CAGR during 2018-2025. As there is an increase in financial investment in Telecom and IT sector in the APAC region tend to grow at high.

Predictive Analytics Market: Competitive Analysis

The Global Predictive Analytics Market comprises with the players, IBM Corporation, Oracle Advanced Analytics, Manthan Software Services Pvt. Ltd., SAP SE, NTT Data Corporation, Fair Isaac Corporation, Mu Sigma, TIBCO Software, Inc., Microsoft Corporation, SAS Institute Inc. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

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