The growth of the cloud-based predictive analytics platform market is due to the rise of big data and the focus on data that is more voluminous, comes in more varieties, and arrives more quickly. The shift in the cloud-based predictive analytics platform market occurred when many companies shifted their focus from purchasing and installing on-premise hardware to purchasing cloud-based services, and expanding to new cloud-based predictive analytics platforms has been a recent trend in the global IT solutions market. This has resulted in the growth of both the predictive analytics market and the cloud-based predictive analytics platform market.
Predictive analytics, which includes the cloud-based predictive analytics platform market, is used to create mathematical models (algorithms that can be used to make predictions) by applying a variety of mathematical techniques to historical data.
Cloud-based Predictive Analytics Platform Market: Market Participants
Examples of some of the market participants in the global cloud-based predictive analytics platform market identified across the value chain include GoodData Corporation, International Business Machines (IBM) Corporation, Angoss Software Corporation, Dataiku, Fair Isaac Corporation (FICO), Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Alteryx, Inc., Domino Data lab, SAP SE, AgilOne, SAS Institute, Inc, Tableau Software, Inc., TIBCO Software, Inc., Exago, Inc., Teradata Corporation, and others of cloud-based predictive analytics platform market.
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Cloud-based Predictive Analytics Platform Market: Segmentation
The cloud-based predictive analytics platform market can be segmented on the basis of type, organization size, vertical, and region.
On the basis of type, the cloud-based predictive analytics platform market can be segmented into:
- Financial Analytics
- Risk Analytics
- Customer Analytics
- Marketing Analytics
- Sales Analytics
- Supply Chain Analytics
- Network Analytics
- Web and Social Media Analytics
These are the major types of cloud-based predictive analytics platforms which are in use and could also be given for predictive analytics market.
On the basis of organization size, the cloud-based predictive analytics platform market can be segmented into:
- Large Enterprises
- Small and Medium Enterprises
On the basis of vertical, the cloud-based predictive analytics platform market can be segmented into:
- BFSI
- Healthcare and Life Science
- Telecommunication and IT
- Retail and e-Commerce
