Predictive Analytics Market
Global Predictive Analytics Market worth to gain $ 10.95 bn by 2022 , according to new statistics released by the Zion Market Research , the market research group .
Predictive analytics is the advanced form of analysis which is used to analyze the tremendous amount of data and predict future events . It takes new and historical data to forecast future activity , behavior , and trend . It uses many techniques like data mining , statistical algorithms , machine learning and artificial intelligence to identify the likelihood of future outcomes based on historical data . It makes the patterns which identify risk and opportunity for future . Predictive analytics models in business capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions , guiding decision making for candidate transactions .
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North America dominated the global predictive analysis market in 2015 . North America represents the largest regional market for predictive analytics in Big Data , as supporting Hadoop architectures are used by some major e-commerce giants like Wal-Mart and eBay among others to store and manage the daily generated unstructured data . North America was followed by