Global Predictive Analytics Market Set for Rapid Growth, to Reach around USD 10.95 Billion by 2022

10-Jan-2017 | Zion Market Research

Zion Market Research has published a new report titled “Predictive Analytics Market by Software Solutions (Data Mining & Management, Decision Support Systems, Fraud & Security Intelligence, Financial Intelligence, Customer Intelligence and Others) for Customer & Channel, Sales and Marketing, Finance & Risk and Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast 2016-2022”. According to the report, the global predictive analytics market was valued at approximately USD 3.49 billion in 2016 and is expected to reach approximately USD 10.95 billion by 2022, growing at a CAGR of around 21% between 2016 and 2022. 

Predictive analytics explores large quantities of data and past events to identify patterns and build forecasts about future events.  It is a set of different techniques and technologies that cover machine learning capabilities and improved big data aggregation technologies. Predictive analytics helps to solve real world’s problems in economics, business, government, and others.  It is widely used in different sectors like BFSI, IT, telecommunication, retail, healthcare, food & beverage and government. Predictive analytics process includes data collection, data mining, statistics, modeling, deployment, and monitoring. This is used in customer relationship management, health care, collection analytics, cross-sell, fraud detection, risk management, direct marketing, underwriting, and others.

Browse the full "Predictive Analytics Market by Software Solutions (Data Mining & Management, Decision Support Systems, Fraud & Security Intelligence, Financial Intelligence, Customer Intelligence and Others) for Customer & Channel, Sales and Marketing, Finance & Risk and Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast 2016-2022" report at https://www.zionmarketresearch.com/report/predictive-analytic-market

The predictive analytics market is segmented on the basis of deployment into cloud based & on premises installation. The cloud-based segment accounted for the largest market share in 2016. This segment is expected to show significant growth due to increasing IT priorities among different enterprises over the past couples of years. Based on software solutions, predictive analytics market has been classified into financial intelligence, customer intelligence, financial intelligence, decision support systems, data mining and management, fraud and security intelligence and others. Among these software solutions, customer intelligence and fraud and security intelligence solutions are projected to dominate the market over the forecast period. This mainly due to high adoption of these models by BFSI companies on account of escalating incidences of defaulters and stringent regulations for ensuring compliance with banking principles. 

Global-Predictive-Analytics-Market

The predictive analytics market is segmented on the basis of end- use which includes banking, IT, financial services & insurance, government, retail, public administration & utilities, telecom, healthcare, manufacturing, and others including energy, media & entertainment, etc. Among all segment, banking, financial services & insurance accounted for major share and predicted to continue this trend over the forecast period. Growth can be attributed to rising product quality in financial service sectors to deliver favorable results. Increasing the awareness of predictive analytics in all industries is leading substantial market growth. Key application areas for predictive analytics includes customer & channel, sales and marketing, finance & risk and others. North America leads the predictive analysis market due to technological advancements, followed by Europe and APAC on account of increasing awareness about the market.

Many players in predictive analytics market are offering services and solutions globally. Some of them are Tableau Software Inc., Information Builders, Fair Isaac Corporation (FICO), and TIBCO Software Inc, SAS Institute, Teradata Corporation, Acxiom Corporation, SAP SE, TIBCO Software Inc, Microsoft Corporation, IBM Corporation and others. 
This report segments global predictive analytics market as follows:

Global Predictive Analytics Market: Delivery Mode Segment Analysis

  • Cloud Based Technology
  • On-Premises Installation

Global Predictive Analytics Market: Software Solutions Segment Analysis

  • Customer Intelligence
  • Decision Support Systems
  • Data Mining & Management
  • Fraud & Security Intelligence
  • Financial Intelligence
  • Others (including performance management, sustainability intelligence, campaign management etc.)

Global Predictive Analytics Market: End-Use Segment Analysis

  • Banking, Financial Services & Insurance (BFSI)
  • Government, Public Administration & Utilities
  • Telecom and IT
  • Transportation & Logistics
  • Healthcare
  • Others (including Energy, Media, and entertainment, Engineering & construction etc)

Global Predictive Analytics Market: Application Segment Analysis

  • Sales & marketing
  • Customer & channel
  • Finance and risk
  • Others

Global Predictive Analytics Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact US:

Zion Market Research
4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States 
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: http://www.zionmarketresearch.com

Latest Published Reports

View All Published Reports