Predictive Analytics Market to 2025 - Global Analysis and Forecasts by Applications, Business Function, Deployment Model
ReportsWeb.com added “Predictive Analytics Market - Global Trends, 2017 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.
(EMAILWIRE.COM, December 05, 2017 ) Predictive analytics is the combined use of data, statistical algorithms, and various machine-learning techniques to identify the prospect of future outcomes based on historical data. Predictive analysis is set to revolutionize the way modern day businesses are done. Understanding customer's requirement well before and accordingly be ready will benefit the organizations to offer value added services to the end-users. Prediction would enable businesses to be ready with the required needs of the customers beforehand. Forecasting customer needs and accordingly designing products gives any organization a competitive edge. The olden day method of businesses initially making a product on the basis of market research, then taking feedback from customers is to be totally replaced by this technology. Customer Delight has been widely recognized by businesses worldwide as a crucial factor in maintaining long term relationships with the customers.
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There are certain restraining factors for this market which are listed as complex analytical workflow and diversity of data models based on business needs. For predictive analysis to work successfully, it has a heap of challenges to overcome. Firstly, the pattern observed on which results are made can't always be uniform. Different business models follow different pattern. Understanding each pattern and accordingly predicting the result is one of the challenges. The task is to convert the inconsistency into a consistent result. Furthermore, data integrity poses a bigger challenge in implementation of this technology in different end-user verticals.
The global predictive analysis market has been segmented by applications into network management, risk management, sales and marketing management, workforce management, operations and supply chain management. Business functions segment is further divided into, sales, operations, marketing, human resource and finance functions. In addition the global predictive analysis market has been further fragmented based on deployment models that are on-premise and on-demand models.
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Region wise, North America leads the predictive analysis market due to technological advancements in this region, followed by Europe and APAC, these regions have shown considerable growth with developing countries in these regions showing interests in these technologies.
Global Predictive Analytics Market Players:
SAS Institute
Teradata Corporation
Acxiom Corporation
SAP SE
Microsoft Corporation
IBM Corporation
Tableau Software, Inc.
Information Builders
Fair Isaac Corporation(FICO)
TIBCO Software, Inc.
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There are certain restraining factors for this market which are listed as complex analytical workflow and diversity of data models based on business needs. For predictive analysis to work successfully, it has a heap of challenges to overcome. Firstly, the pattern observed on which results are made can't always be uniform. Different business models follow different pattern. Understanding each pattern and accordingly predicting the result is one of the challenges. The task is to convert the inconsistency into a consistent result. Furthermore, data integrity poses a bigger challenge in implementation of this technology in different end-user verticals.
The global predictive analysis market has been segmented by applications into network management, risk management, sales and marketing management, workforce management, operations and supply chain management. Business functions segment is further divided into, sales, operations, marketing, human resource and finance functions. In addition the global predictive analysis market has been further fragmented based on deployment models that are on-premise and on-demand models.
Complete Report is Available http://www.reportsweb.com/predictive-analytics-market
Region wise, North America leads the predictive analysis market due to technological advancements in this region, followed by Europe and APAC, these regions have shown considerable growth with developing countries in these regions showing interests in these technologies.
Global Predictive Analytics Market Players:
SAS Institute
Teradata Corporation
Acxiom Corporation
SAP SE
Microsoft Corporation
IBM Corporation
Tableau Software, Inc.
Information Builders
Fair Isaac Corporation(FICO)
TIBCO Software, Inc.
About ReportsWeb:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results