Financial and Banking would be the major sectors that would reap the benefits of predictive analytics. The process of collecting and storing information from the vital and authentic sources and deriving meaningful conclusion is predictive analytics.
Portland, Oregon (PRWEB UK) 14 May 2014
An in-depth study conducted by Allied Market Research would unravel the opportunities and technical implications of predictive analytics. The intelligence in the study would assist stakeholders in rightly understanding the inherent qualities of the market and further assist in appropriately applying the principles of predictive analytics to the applicable sectors. Major sectors that would take the maximum benefits are dealt in the prolific study. Sectors such as Banking & Financial Services, Insurance, Healthcare, Environment & Government, Consumer Goods & Retail, Manufacturing, Transportation & Logistics, etc, would have the maximum utility of the predictive analytics technology.
To view complete report visit at http://www.alliedmarketresearch.com/predictive-analytics-in-banking-market.
Financial and Banking would be the major sectors that would reap the benefits of predictive analytics. The process of collecting and storing information from the vital and authentic sources and deriving meaningful conclusion is predictive analytics. Analyzing data and finding patterns that can be applied in the business scenarios is the strength of the technology. Predicting trends and giving insights would be much easier with the advent of predictive analytics market. The technology also has strong application in fraud detections, and customer profiling. These are the major reasons that are driving the market. Adding to the financial sectors, the application of predictive analytics is finding its place in the retail sector as well. The retail sector would grow into a major revenue-contributing segment over the years.
Growing importance for strategic marketing, effective operational and fraud management methods are adding fuel to predictive analytics market. In addition, the rise in database technologies for niche market is also promoting the growth of the analytics market. In spite of such promising drivers, the growth of predictive analytics market has obstacles. Lack of technological awareness, unskilled professionals and longer processing time would act as obstacles to the full-fledged adoption of the technology. The other vital factors such as political, social, economical and alternate technologies would also add to downside of the market.
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However, the benefits of the technology cannot be over ridded; therefore, the factors impeding the market are critically analyzed to find viable solutions for the adoption of the technology largely. Technical studies such as Porter’s five forces and value chain analysis is extensively applied to find value additions in predictive analytics market. Key players competing in the market are strategically dealt with insights into their financial standing in the market. Key companies included in the report are SAS Institute Inc., SAP AG, Oracle Corporation, IBM Corporation, Microsoft Corporation, Teradata Corporation, and Tableau Software.
- Drivers and restraints are strategically dealt to understand the underlying forces in the market, as these factors have the maximum impact on the market players. Projections are made for the next eight years by considering values for 2012 as reference
- Porter’s five forces and SWOT analysis would expose the market potential and single out investment opportunities that would influence the bottom lines of the corporations
- Top contenders and their strategic moves are uncovered to help the new entrants to understand the depth of the market and the level of competition
- Trends and technological impact are dealt to help stakeholders understand the opportunities and challenges that are apparent in the market
The global predictive analytics is categorized into end users, software solution, applications and geography
MARKET BY END USER
- Banking and Financial Services
- Government, Public Administration, & Utilities
- Telecom and IT
- Transportation and logistics
- Media and Entertainment
- Energy (Oil, Gas, and Electricity)
- Engineering and Construction
MARKET BY SOFTWARE SOLUTIONS
- Customer Intelligence
- Decision Support Systems
- Performance Management
- Data Mining and Management
- Fraud and Security Intelligence
- Sustainability Intelligence
- Financial Intelligence
- Operations Management
- Campaign Management
MARKET BY APPLICATIONS
- Sales and Marketing
- Customer and Channels
- Operations and Workforce
- Finance and Risk
MARKET BY GEOGRAPHY
- North America
Browse all banking, financial services & insurance reports at http://www.alliedmarketresearch.com/predictive-analytics-in-banking-market/similar-market-studies.
Allied Market Research (AMR) is a global market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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