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Category: Business and Industry
Date Submitted: 10/01/2015 12:25 AM
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.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/predictiveanalysis-industry/
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...