DUBLIN, July 01, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/mc9bsp/north_america) has announced the addition of the "North America Predictive Analytics Market by Application, by Vertical - Analysis & Forecast to 2019" report to their offering.
The predictive analytics market in North America was valued at $761.3 million and is expected to reach $2,276.4 million by 2019 at a CAGR of 24.5%.
The major driver for this growth is the amount of unstructured data present in the ecosystem. The high volume of unstructured data needs proper analysis for use and for that predictive analytics is used. Furthermore, the user friendly nature of the technique and the technological advancements in the market also fuel the growth of this technique.
Predictive analytics is a technique that includes clustering, data mining, machine learning and various other techniques to extract the relevant information from the past data sets and accordingly predict the future outcomes, possibilities and market trends. This helps the users in predicting customer behavior and trends that lead to increase in efficiency and reduction in losses. However, implementation and deployment of predictive analytics consumes time, even so there is huge requirement of data mining and predictive modelling techniques.
The report further segments predictive analytics by applications and the industry verticals. It also provides an insight on the major players providing predictive analytics solutions in North America.
The players considered are IBM, Oracle, SAS, SAP, Teradata and FICO. A detailed description on the recent developments including mergers and acquisitions, partnerships, alliances and related products and services has also been included.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Predictive Analytics Market, By Application
6 Predictive Analytics Market, By Vertical
7 Predictive Analytics Market, By Geography
8 Competitive Landscape
9 North America Predictive Analytics, By Company
- Fair Isaac Corp
- SAP SE
- SAS Institute, Inc
- Teradata Corporation
For more information visit http://www.researchandmarkets.com/research/mc9bsp/north_america
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets