Global Predictive Analytics Market is Projected to USD 9.20 Billion by 2020

Date: 2015-12-11

“Massive surge of structured and unstructured data is driving the growth”
It forecasts the global predictive analytics market to grow from USD 2.74 billion in 2015 to USD 9.20 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 27.4%. The predictive analytics market is growing rapidly because of the transition from traditional Business Intelligence (BI) techniques to advanced analytics techniques and massive surge of structured and unstructured data.

“North America is expected to have the largest market share”
Among business functions, human resource is expected to witness the highest growth rate. Network management is expected to witness the highest CAGR during from 2015 to 2020 among applications.  The North American region is expected to continue being the largest revenue generator region for predictive analytics vendors for the next five years, followed by Europe.

The report includes the study of key players offering predictive analytics solutions and services: SAS Institute (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), FICO (U.S.), Oracle Corporation (U.S.), Tibco Software (U.S.), Alteryx (U.S.), RapidMiner (U.S.) and Dell, Inc. (U.S.). Furthermore, the report also includes in-depth competitive analysis of the key players in the predictive analytics market, with their company profiles, SWOT analysis, recent developments, and key market strategies.

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