Market Research Report
Global Predictive Analytics Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||290646|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Predictive Analytics Market 2018-2022|
|Published: December 19, 2018||Content info: 120 Pages||
Proliferation of advanced technologies, AI, and IoT to drive growth in the market. Increased acceptance of innovations and technological advances, such as AI, ML, blockchain, cloud computing, advanced analytics, big data, IoT, automated vehicles, as well as augmented and virtual reality, is expected to pave way for the adoption of predictive analytics throughout enterprises and industries. Technavio's analysts have predicted that the predictive analytics market will register a CAGR of close to 23% by 2022.
One of the major drivers for the global predictive analytics market is the increasing demand for fraud detection in the modern threat-enhanced environment. In the modern world that is increasingly social and mobile, security threats are becoming momentous. The level of sophistication in frauds and scams has increased with technological advances and ever-increasing technological maturity of fraudsters. Due to the grave consequences of such threats, there is a rise in the concerns about data security and privacy, which drives the market for predictive analytics.
The lack of skilled labor and niche skillsets in the management and operation of predictive analytics is a constant challenge for enterprises.
For the detailed list of factors that will drive and challenge the growth of the predictive analytics market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Oracle and SAP the competitive environment is quite intense. Factors such as the proliferation of advanced technologies, AI, and IoT and the growing demand for detection of fraud and scam, will provide considerable growth opportunities to predictive analytics manufactures. HPE, IBM, Microsoft, Oracle, and SAP are some of the major companies covered in this report.