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C&M: Global market for predictive analytics driven by increasing need of enterprises to remain competitive in the market

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Global Predictive Analytics Market 2014-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-20 14:55:02
The Global Predictive Analytics market is to grow at a CAGR of 30.19 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing need of enterprises to remain competitive in the market. The Global Predictive Analytics market has also been witnessing the emergence of cloud-based predictive analytics. However, the lack of awareness could pose a challenge to the growth of this market.

The cloud is fast becoming an important option for purchasing and deploying the software. Enterprises are increasingly investing in cloud-based offerings for their operational systems. A cloud-based deployment allows the embedding of predictive analytics in the solution. The target systems can be custom or packaged solutions and can be delivered in the cloud or on-premises. Cloud-based deployment is also used to embed ´customer churn´ predictions in cloud-customer relationship management.

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