Global Predictive Analytics Market (2018-2022) to Record a CAGR of Approx 23% - Leading Players Are HPE, IBM, Microsoft, Oracle and SAP - ResearchAndMarkets.com
Summary
Proliferation of advanced technologies, AI and IoT to drive growth in the marketIncreased acceptance of innovations and technological advances, such as AI, ML, blockchain, cloud computing, advanced analytics, big data, IoT, automated vehicles, as well as augmented and virtual reality, is expected to pave way for the adoption of predictive analytics throughout enterprises and industries.One of the major drivers for the global predictive analytics market is the increasing demand for fraud detection in the modern threat-enhanced environment.Due to the grave consequences of such threats, there is a rise in the concerns about data security and privacy, which drives the market for predictive analytics.The lack of skilled labor and niche skillsets in the management and operation of predictive analytics is a constant challenge for enterprises.
