Lewes, DE -- (SBWire) -- 10/20/2015 --Report forecast the global predictive analytics market to grow at a CAGR of 25.31% during the period 2014-2019.
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management: Includes processes such as fraud detection, mortgage underwriting, credit scoring, clinical DSS and the development of new pharmaceuticals
Marketing: Includes applications such as direct marketing, predictive modeling, customer retention, and predictive advertisement targeting
Personalized services: Includes customized services
This report covers the present scenario and the growth prospects of the global predictive analytics market for the period 2015-2019. To calculate the market size, the report considers revenue generated from licenses, maintenance, upgradation, and subscription costs of predictive analytics solutions. The report also describes the predictive analytics market into four types of application:
- Sales and marketing
- Fraud management
- Risk management
- Operations management
The report also describes the market segmentation by end-users:
- BFSI
- Manufacturing
- Communication
- Healthcare
- Retail
- Transportation
Global Predictive Analytics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key players in the Global Predictive Analytics market:
Other Prominent Vendors in the market are: IBM, Oracle, SAP, and SA
Market driver
- Use of big data
- For a full, detailed list, view our report
Market challenge
- Lack of expertise
- For a full, detailed list, view our report
Market trend
- Growing adoption for mobile analytics
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-predictive-analytics-market-research-report-2015-2019
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