Predictive Analysis Market Analysis, Market Size, Share, Regional Outlook, Growth Trends, Competitive Scenario and Segment Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Predictive Analysis Market Analysis, Market Size, Share,

Regional Outlook, Growth Trends, Competitive Scenario

And Segment Forecasts, 2012 To 2020

Industry Insights

Increasing demand for accurate forecasting in business activities is the key driver for predictive analytics

market. Predictive analytics is the activity of data mining which deals with extracting important data

from given database, used to analyse the trends and behaviour patterns to predict the future. It is also

used to forecast the results.

Predictive analysis relies on defining relationship between different variables behaviour from past

occurrence and exploit them to predict the future outcome. Database management, forecasting, data

warehouses, data mining, CRM analytics, smart, logistics, decision making process, data visualization in

dashboards and increasing demand of business having analytic capabilities are expected to drive the

predictive analytics technology in coming six years.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

However, traditional measures, technological incapability and cost of developing predictive analytics

software are anticipated to challenge the market growth over the forecast period. Increasing demand

for more than a point solution is expected to offer the opportunity for the growth of predictive analytics

market in near future.

Application Insight

Banking, financial service & insurance (BFSI) has impact of predictive analytics on processes of loan,

insurance, financial activities and fulfilment of financial needs which is going to impact the predictive

analytics market positively. Environment segment uses predictive analytics for weather forecast, natural

calamities forecast, flights safety among others. In government segment, predictive analytics...