Global Advanced Predictive Analytics Software Market - Share, Size, Analysis and Trends to 2020

Advanced and Predictive Analytics (APA) Software Market Asia Pacific is expected to expand during the forecast period 2020

Persistence Market Research

Advanced and Predictive Analytics (APA)

Software Market is Expected to Progress at

a CAGR of 8.6% from 2015 to 2020 Persistence Market Research

Persistence Market Research

1

Advanced and Predictive Analytics (APA) Software Market Asia Pacific is expected to expand during the forecast period 2020

Persistence Market Research Released New Market Report “Global Market Study on

Advanced and Predictive Analytics (APA) Software: Impelled By Deployment of Big

Data Repositories,” the global Advanced and Predictive Analytics (APA) software market

was valued at US$ 2,422.9 Mn in 2014 and is expected to expand at a CAGR of 8.6% from

2015 to 2020. The growth of the Advanced and Predictive Analytics (APA) software market is

primarily driven by the implementation of Big Data repositories, such as NewSQL, NoSQL,

Hadoop databases and other platforms, to enhance the ability of computing data and

business value from APA. Additionally, the shift in preference of business analysts towards

becoming data scientists is also contributing in boosting the growth of the global Advanced

and Predictive Analytics software market.

Advanced and Predictive Analytics (APA) software is mainly used to discover relationships in

data and make predictions that are not apparent, hidden or too complex to be extracted

using query, reporting and multidimensional analysis software. The market is currently

witnessing the advent of different APA software with few using its own programming

language and algorithms for building models, and rest including scoring engines and model

management features that can execute models built using proprietary or open source

modelling languages. The future outlook of the global Advanced and Predictive Analytics

(APA) software market is characterized by cloud analytics, real-time analytics, persuasion

modelling and...