According to a new market research report published by Global Insight Services “ Predictive Analytics Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Predictive analytics market technology is a branch of data science that deals with making predictions about future events based on historical data. This technology is used in a variety of fields, such as marketing, finance, and healthcare.Predictive analytics uses a variety of methods to make predictions, such as statistical modeling, machine learning, and artificial intelligence. These methods are used to analyze data from a variety of sources, such as customer data, financial data, and social media data.
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Top Key Players in Predictive Analytics market: IBM Corporation, SAP ERP, Microsoft Corporation, Siemens AG, General Electric Company, Schneider Electric SE, Nanosys,
Key Trends
Predictive analytics is being used for a wide range of applications such as fraud detection, risk management, customer segmentation, and marketing campaign management.The increasing availability of data is one of the major drivers of the predictive analytics market. Organizations are increasingly generating large amounts of data from various sources such as social media, transaction data, and clickstream data.
Key Drivers
The rising need for better decision-making is another major factor driving the growth of the predictive analytics market. Organizations are using predictive analytics to gain insights into future trends and make better decisions.The growing popularity of cloud-based predictive analytics solutions is another key trend in the market. Cloud-based solutions offer flexibility and scalability, which are important factors for organizations.
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Market Segments
By Solution
- Customer Analytics
- Financial Analytics
- Marketing & Sales Analytics
- Network Analytics
- Risk Analytics
- Supply Chain Analytics
- Web & Social Media Analytics
- Others
Reasons to buy Predictive Analytics Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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