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Predictive analytics market dominated by AI tech to grow at 22.1% CAGR to 2022 illuminated by new report

Predictive Analytics Market report represents the revenue opportunities in the market through to 2021, highlights the market size and growth by Artificial Intelligence technology, machine learning, geography, type, and size. Predictive Analytics Market research outlines the evolution of the industry and identifies and assesses the best performing vendors such as Alteryx, Inc. (the US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines (IBM) Corporation (US), Information Builders (US), Kognitio Ltd. (UK), in the market.

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Predictive Analytics Market Key Target Audience: Service providers and distributors, Predictive analytics application builders, Independent Software Vendors (ISVs), Analytics consulting companies, Enterprises, End-users.

The compelling business necessity to preserve the competitive edge is one of the key factors that is fueling the growth of this market. The emergence of machine learning and artificial intelligence is expected to evolve the predictive analytics market, thus creating opportunities for the growth of the market.

However, the changing regulation that leads to a restructuring of predictive models, which consumes a lot of time, is the biggest restraint for the predictive analytics market.

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Complete report on Predictive Analytics Market spread across 163 pages, profiling 11 companies and supported with 82 tables and 37 figures
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Predictive Analytics Ecosystem comprises vendors, such as KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc.

(US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc.

(US), and Teradata Corporation (US). Other stakeholders of the predictive analytics market include vendors, research organizations, network and system integrators, predictive analytics managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.

In the process of determining and verifying the market size for several segments and sub-segments, gathered through secondary research, extensive primary interviews were conducted with key people.

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Study on Predictive Analytics Market has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (22%); Tier 2 (30%) and Tier 3 (48%) companies were contacted for interviews.

The interviews were conducted with various key people such as C level (30%), Director Level (45%) and others (25%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (22%), Europe (30%), North America (48%).

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The predictive analytics market growth in the Asia Pacific (APAC) region has started to gain momentum and is expected to witness the highest growth rate in the coming years. Rising awareness of predictive analytics can be attributed to the continuous increase in the focus of companies on improving their customer services to drive the competitive differentiation and revenue growth.

Further, to enhance the business productivity, through predictive analytics solutions and services, organizations in the APAC region are inclining toward adoption of predictive analytics; hence, it is expected to become a highly potential market. In addition, rapidly developing economies in APAC, such as China, India, Singapore, Malaysia, and Australia, are migrating toward cloud adoption

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