The Global Predictive Analytics Market size is expected to reach $13.8 billion by 2023, rising at a market growth of +21% CAGR during the forecast period.
Predictive analytics refers to the use of statistical tools and machine-learning algorithms to identify past occurrences, understand present outcomes and predict future consequences. Predictive analytics helps in detecting frauds, optimizing marketing campaigns, improving present operations, and reducing future risk. Predictive analytics refers historical and present data to forecast future activities, behavior, and trends. Predictive analytics model capable of processing historical and present data combines multiple variables and uses logistic regressions, decision trees, and time-series analysis.
The global Predictive Analytics Market research report offers a fundamental overview of global market. It presents the far-reaching outline of the global market based on different parameters like market trends, market shares, size and various specifications of the market. It comprises an enormous database featuring various market segments and sub-segments.
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Top Key Players:
IBM,WebSphere,TranslationServer,SDL,Lionbridge,Alchemy,MultiCorpora,Lingotek,MT@EC,Google Translate,Language Weaver,Proz / KudoZ,Cognition Technologies
The increasing interest in working on advanced analyzes of future estimates was the key factor driving demand for Predictive Analytics Market solutions. Predictive analyzes are a branch of advanced analysis used to make predictions about uncertain and uncertain future events.
The Predictive Analytics Market can be classified into risk management, networking management, sales and marketing management, human resource management, operations management, and supply chain management. In the risk management, the software can obtain potential areas of risk from the substantial number of data points collected by the organizations and going through them to detect risk and trends in the data which can influence the businesses. On implementation of these analytics solutions, organizations can quantify risk-related issues, evaluate, and formulate a course of action to reduce the risk factors.
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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
Provision of market value (USD Billion) data for each segment and sub-segment.
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
The research methodology used to estimate and forecast the predictive analytics market begins with capturing data on key vendor revenues through secondary research, which includes directories and databases. The vendor offerings have also been taken into consideration to determine the market segmentation.
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Furthermore, the Global Predictive Analytics Market Research Report provides the competitive landscape of the market and gathers information with regards to the company overview, contact information, market size and share, company’s headquarters and corporate offices, and sales revenue. The report also discusses the different development plans and policies of the industry, product pictures, and the process of manufacturing the product, production volume, and product draft.