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Posts tagged ‘Advanced and Predictive Analytics Software Market’

Advanced and Predictive Analytics (APA) Software Market is Expected to Expand at a CAGR of 8.6% from 2015 to 2020

According to a new market report published by Persistence Market Research “Global Market Study on Advanced and Predictive Analytics (APA) Software: Impelled By Deployment of Big Data Repositories,” the global Advanced and Predictive Analytics (APA) software market was valued at US$ 2,422.9 Mn in 2014 and is expected to expand at a CAGR of 8.6% from 2015 to 2020. The growth of the Advanced and Predictive Analytics (APA) software market is primarily driven by the implementation of Big Data repositories, such as NewSQL, NoSQL, Hadoop databases and other platforms, to enhance the ability of computing data and business value from APA. Additionally, the shift in preference of business analysts towards becoming data scientists is also contributing in boosting the growth of the global Advanced and Predictive Analytics software market.

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Global Advanced and Predictive Analytics (APA) Software Market to Receive Boost from Growing Dependence on Big Data Repositories

The advanced and predictive analytics (APA) software market stood at US$2,422.9 mn in 2014 and will register an 8.6% CAGR between 2015 and 2020, thanks chiefly to the utilization of big data repositories. This is the key finding of a report published by Persistence Market Research (PMR), titled, “Global Market Study on Advanced and Predictive Analytics (APA) Software: Impelled by Deployment of Big Data Repositories.” The intense focus on Hadoop, NoSQL, and NewSQL in a bid to improve enterprises’ operational efficiencies will boost the advanced and predictive analytics (APA) software market worldwide. The implementation of APA helps boost the ability to compute data, thus helping enterprises extract the maximum value from advanced and predictive analytics.

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