Wednesday, 19 February 2014

Wearable Medical Devices Market- 2014 New Research Analysis by Transparency Market Research

Transparency Market Research is Published new Market Report “Wearable Medical Devices Market (Heart Rate Monitors, Activity Monitors, ECG, Pulse Oximeters, EEG, EMG, Glucose/Insulin Management, Pain Management, Wearable Respiratory Therapy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" The global market for wearable medical devices was valued at USD 2.0 billion in 2012 and is expected to reach a value of USD 5.8 billion in 2019, growing at a CAGR of 16.4% from 2013 to 2019.

Wearable medical devices market defined in the strictest sense are devices with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. This report focuses on the various segments of wearable devices currently available in the market and also predicts the introduction of several innovative devices in the future. Healthcare segment forms a major part of the wearable technology market since the innovation of several applications in this area in the last two decades. 

The meek wrist watch that was used to monitor only heart rate in the last decade has today been transformed into a powerful gadget that can today store vast quantities of data on patient information such as SPO2, heart rate, temperature, blood pressure and water content in the body among several other intelligent diagnostic parameters. Smart phones have made an extremely impressive expansion in terms of applications and can now perform actual diagnostic tests such as the Apple iPhone Glucose test.

The market is highly dynamic and trendy in nature with a heavy importance given to aesthetics and ergonomics of devices. Over 65% of technologies are wrist held devices shaped like watches and the rest include wearability on other areas of the body such as arms, torso and waist. Along with the aesthetics several other features for durability of the device are included such as to make them waterproof and weatherproof. The latest in developments in telecommunication, wireless connectivity and user interface has been applied to these devices to make them more user friendly and keep them easy to interpret even by normal people in order to map their improvement in performance.


In 2013, Google Inc. introduced the Google Glass, a wearable eyewear that is highly dynamic and has varied applications throughout all industries. The success of the device at a consumer level is yet to be decided, but the technology has proven to be a boon to hospitals and the medical community for telemedicine and teleradiology. Philips has already launched an ambitious project to equip hospitals with the tech along with its proprietary hospital apps and devices in order to gain a better coverage and increase use of its devices. The device can connect into Philips Intellivue Solutions to quickly transfer crucial information of patient vital signs into the glass where it can be stored inside a 16 GB drive for multiple use, transfer it to another doctor, share it over several continents with a specialized medical expert.

The market is expected to remain in strong growth phase as purchase power expands for people in emerging countries of Asia-Pacific and Rest of the World. North America remains in lead for 2012 with a market share of 44%. In terms of competition, the market is highly fragmented and there is no clear leader in terms of revenue considering the whole market. Some of the major market players in the global medical sensors market include Nike, Fitbit, Jawbone, Phyode, Basis Science, Corventis, LifeWatch, Intelesens, Philips, Omron, Zephyr Technology Corporation, Polar Electro, Withings, Sotera Wireless and many more companies each with their own innovative technologies. All in all, this report mentions over 100 companies with a brief emphasis on their technologies.

The global wearable medical devices market is categorized into the following segments:
Wearable Medical Devices Market, by Product Types
• Wearable TherapeuticMedical Devices
• Wearable DiagnosticMedical Devices

Wearable Diagnostic Medical Devices Market, by Product Types
• Vital Signs Monitors
• Fetal & Obstetric Devices
• Neuromonitoring Devices

Wearable Therapeutic Medical Devices Market, by Product Types
• Pain Management
• Glucose/Insulin Monitoring
• Respiratory Therapy Devices

Wearable Therapeutic Medical Devices Market, by Application
• Sports and Fitness
• Remote Patient Monitoring
• Home Healthcare

Wearable Medical Devices Market, by Geography
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Tuesday, 18 February 2014

Non-Invasive Prenatal Testing (NIPT) Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

According to a new market report published by Transparency Market Research, "Non-Invasive Prenatal Testing (NIPT) Market (MaterniT21 PLUS, verifi, Harmony, Panorama, NIFTY, PrenaTest and BambniTest) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global NIPT market was valued at USD 0.22 billion in 2012 and is expected to grow at a CAGR of 37.6% from 2013 to 2019, to reach an estimated value of USD 3.62 billion in 2019.

The market for non-invasive prenatal testing market is evolving rapidly due the advantages it offers over the conventional prenatal screening and diagnostic methods such as maternal serum screening, nuchal translucency (NT) scan, amniocentesis and chorionic villus sampling (CVS). These advantages include safety, accuracy, and no risk of miscarriage. An NIPT is a non-invasive genetic screening test for the common chromosomal abnormalities (trisomy 21, trisomy 18, trisomy 13, monosomy X, etc.) observed in the fetuses of high risk pregnant women (above the age of 35 years). Owing to its ability to detect the presence of chromosomal abnormalities in fetuses of pregnant women as early as 9 to 10 weeks of gestation, the market for non-invasive prenatal testing market is witnessing a rapid increase in demand from all parts of the world.

MaterniT21 PLUS, verifi, Harmony, Panorama, NIFTY, PrenaTest and BambniTest are the commercially available NIPTs in the market which are based on the direct analysis of cell-free fetal DNA in the maternal blood. In 2012, MaterniT21 (a proprietary product of Sequenom, Inc.) accounted for the largest share (36.6%) of the global NIPT market in terms of revenue, owing to the fact that it was the first mover in the market place. During the forecast period 2013 to 2019, it is likely to lose some of its share due to increasing market penetration by other aforementioned NIPTs such as Panorama and verify.

Browse full PDF with TOC: http://www.transparencymarketresearch.com/noninvasive-prenatal-diagnostics-market.html

High incidence rate of babies born with certain type of chromosomal abnormalities, growing trend of child bearing at advanced maternal age and enhanced popularity of NIPT among gynecologists and high risk pregnant women are some of the major factors anticipated to drive growth of the NIPT market during the forecast period. Some of the most commonly detected chromosomal aneuploidies include Down syndrome, Edwards syndrome, Patau syndrome and monosomy X. On the other hand, ethical and regulatory hurdles are expected to pose significant challenges before the NIPT market to grow. Various professional committees across the world believe that the implementation of NIPT and the subsequent rise in uptake of prenatal testing is likely to increase the incidence of abortions. Therefore, professional groups such as The American College of Obstetricians and Gynecologists (ACOG), International Society for Prenatal Diagnosis and The Japan Society of Obstetrics and Gynecology have set up guidelines that limit the use of non-invasive prenatal testing only to pregnant women at high risk of chromosomal aneuploidies.

Geographically, North America was the largest regional market in 2012 with a market share of 64.5% of the total revenue generated globally, followed by Europe. Almost every company operating in this market is adopting the same business model of marketing their tests via alliances with hospitals, diagnostic laboratories and physician offices. The increasing penetration by test developers in European, Asia-Pacific and Middle-East countries indicates promising growth in the near future in these markets. Sequenom, Inc., Verinata Health, Inc. (now a part of Illumina, Inc.), Ariosa Diagnostics, Natera, Inc., BGI Health, LifeCodexx and Berry Genomics are the companies engaged in providing non-invasive prenatal tests worldwide.

The global non-invasive prenatal testing market is segmented as follows:
Non-Invasive Prenatal Testing Market, by Test
• MaterniT21 PLUS
• verifi
• Harmony
• Panorama
• NIFTY
• PrenaTest
• BambniTest

Non-Invasive Prenatal Testing Market, by Geography
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Sunday, 9 February 2014

Global Surface Vision and Inspection Market (Camera, Lighting equipment, Optics, Frame grabber, and Software and hardware) is expected to reach USD 30.2 Billion by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research "Surface Vision and Inspection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market is expected to reach a value of USD 2.31 billion by 2019, at a CAGR of 8.9% from 2013 to 2019.

Due to increasing need of improving manufacturing production capacity and growing demand for international quality products from consumers, the demand for these systems is rising globally. In addition, shortage of skilled workers, increasing wages and manufacturing errors increases economic burdens on manufacturers. Owing to these, the global manufacturers are seeking for automated process utilization and quality management solutions to improve their sustainability in competitive environments. It also drastically reduces manufacturing errors and helps manufacturer to maintain consistent quality of product. In addition, it reduces production wastage and number of labors required in case of manual inspection. These are some factors which are expected to increase the demand of this market.

By components, surface vision and inspection cameras (SVIC) accounted for largest revenue share of 48.1% of the overall components market in 2012. Continuous advancement in micro-chips used in camera systems helps camera manufacturers to produce more smaller, reliable and cheaper cameras. In the last two decades manufacturers has shifted towards digital and smart cameras as they are more reliable and efficient than analog cameras. These advanced cameras provide better productivity and cost cut backs to manufacturers. Software and hardware components are expected to see the fastest growth due to growing demand for sophisticated software solutions that improves integration of surface vision and inspection systems with other factory automation products.

By type, computer based systems accounted for the largest revenue share of the overall surface vision and inspection market. These are cable of handling more complex operations at greater speed. In addition, these systems can be easily upgraded with advanced software and hardware as per requirements. This makes a computer based systems more customizable and preferred by many manufacturers over camera systems. However, demand of smart camera based systems is increasing among small and medium size manufacturers as it is cheaper and easily integrated with existing manufacturing facility. Moreover, camera based systems is expected to see the fastest growth with continuous development in smart cameras to handle complex applications.

While in case of application, semiconductor, automotive, electronics and electrical industries accounted for more than 60% of the overall surface vision and inspection market in 2012. Due to minute and ever needing testing applications of chips and fabricated systems, semiconductor manufacturing industry is expected to remain the largest end-use segment for surface vision and inspection systems. However, Demand of these systems is expected to increase rapidly in pharmaceutical, packaging and food industry. This is due to introduction of stricter manufacturing and inspection regulations globally.

By Geography, Asia-Pacific (APAC) accounted for 32.3% of the overall revenue share in 2012. This region is expected to maintain its dominating market share throughout the forecast period. This is due to estimated market of growing factory automation and other advanced automation industries in India, China, Taiwan, Australia, Thailand and many other emerging countries in this region.

Global surface vision and inspection industry comprises of large numbers of multinational and domestic components and end use product suppliers. The global surface vision and inspection industry is dominated by Cognex and accounted for 14.5% of the market share in 2012. Some other leading players in this industry include ISRA VISION, Edmund Inc, Adept Technology Inc, Edmund Optics Inc, Toshiba Teli Corp, Panasonic Corp, Matrox Imaging, Perceptron Inc and others.

The global surface vision and inspection market is segmented as below:
By Components
  • Camera
  • Optics
  • Lighting
  • Frame Grabbers
  • Software and Hardware

By Type
  • Computer Systems
  • Camera Systems

By Application
  • Automotive
  • Electrical/Electronics
  • Semiconductor
  • Medical
  • Pharmaceutical
  • Metal
  • Rubber and Plastics
  • Printing
  • Wood and Paper
  • Other Industrial Application (Glass and Non-Woven)

By Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Browse more reports: Transparency Market Research

Cardiac Prosthetic Devices Market is Expected to Reach USD5.3 Billion Globally in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research "Cardiac Prosthetic Devices Market (Mechanical Heart Valves, Tissue Heart Valves, Transcatheter Heart Valves, Implantable Pacemaker and External Pacemaker)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global cardiac prosthetic devices market was valued at USD 2,945.3million in 2012 and is estimated to reach a market worth USD  5,290.0million in 2019at a CAGR of 8.7% from 2013 to 2019.

Cardiac prosthetics are chronic alternatives that replace a damaged or diseased part in the body.Cardiac prosthetic devices are used in the treatment of blockages in heart valves. Implantation of these devices is being increasingly accepted as one of the common procedures due to a rise in the number of patients suffering from valvular diseases. Prosthetic valve thrombosis (PVT), prosthetic valve endocarditis (PVE), mechanical hemolytic anemia and thromboembolism are some of the complications that arise from failure of the primary valves.The growth of cardiac prosthetic devices market is primarily driven by increasing geriatric population, rise in the number of cardiac diseases (coronary artery, cardiovascular, peripheral vascular, rheumatic heart, cerebrovascular and valvular heart diseases). In addition, technological advances are also aiding the growth of this industry.

The cardiac prosthetic devices market can be segmented as heart valves and pacemaker. Heart valves are further categorized into mechanical heart valves, tissue heart valves and transcatheter heart valves. The market for cardiac prosthetic devices promises high growth mainly due to increasing incidence of cardiovascular disorders, rising preference for minimally-invasive procedures and consistent growth in the geriatric population. Additionally, a rise in obesity followed by continuous product modification and technological upgradation resulting in development of effective devices would propel the growth and uptake of cardiac prosthetic devices. However, high cost of devices, stringent approval process of these devices (Class III devices) and certain clauses of the Affordable Healthcare Act (AHA) that contribute in overall increase of the cost of medical devices are some of the factors that might hamper the growth of the cardiac prosthetic devices market.

At the regional level, North America was the largest market in 2012 for cardiac prosthetic devices market followed by the European region. Cardiovascular diseases such as valvular and rheumatic diseases have increased significantly in the developed nations. Furthermore, a rise in life expectancy of the population has increased the frequency of degenerative valve diseases. Hence, with the rise in prevalence of these diseases, demand for cardiac prosthetic devices is expected to increase during the forecast period. Asia-Pacific region is expected to grow at a higher CAGR of 10.9% from 2013 to 2019. This is majorly due to large and expanding population base, increased participation of the respective governments in healthcare sector and rising disposable incomes of the population.

The cardiac prosthetic devices market is characterized by the presence of well-established players operating in this market. The major companies competing in this market are Edwards Lifesciences Corporation, Medtronic, Inc., Sorin Group, St. Jude Medical and Boston Scientific Corporation.
The global cardiac prosthetic devices market is segmented as follows:

Cardiac Prosthetic DevicesMarket, by Segments
Heart Valves
- Mechanical Heart Valves
- Tissue Heart Valves
- Transcatheter Heart Valves

Pacemaker
- Implantable Pacemaker
- External Pacemaker

Cardiac Prosthetic Devices Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)

Friday, 7 February 2014

New Research Report: Geotextiles and Geogrids Market by Transparency Market Research

geotextiles-3Transparency Market Research is Published new Market Report Geotextiles and Geogrids Market in UAE and GCC - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” the GCC (excluding UAE) geogrids market was valued at USD 83.3 million in 2012 and is expected to reach USD 182.5 million by 2019, growing at a CAGR of 11.6% from 2013 to 2019. In terms of volume, the demand was 24.5 million square meters in 2012 and is expected to reach 41.5 million square meters by 2019, growing at a CAGR of 7.7% from 2013 to 2019. The UAE geogrids market was valued at USD 15.1 million in 2012 and is expected to reach USD 32.9 million by 2019, growing at a CAGR of 11.8% from 2013 to 2019. In terms of volume, the demand was 4.2 million square meters in 2012 and is expected to be 7.0 million square meters by 2019, growing at a CAGR of 7.5% from 2013 to 2019.
The GCC (excluding UAE) geotextile market was valued at USD 101.2 million in 2012 and is expected to be USD 200.5 million by 2019, growing at a CAGR of 10.3% from 2013 to 2019. In terms of volume, the demand was 52.0 million square meters in 2012 and is expected to be 86.8 million square meters by 2019, growing at a CAGR of 7.6% from 2013 to 2019. The UAE geotextile market was valued at USD 27.8 million in 2012 and is expected to be USD 52.2 million by 2019, growing at a CAGR of 9.4% from 2013 to 2019. In terms of volume, the market was 13.5 million square meters in 2012 and is expected to be 22.0 million square meters by 2019, growing at a CAGR of 7.3% from 2013 to 2019.
Geogrids and geotextiles are often used together to perform various functions, such as soil reinforcement, separation, drainage, filtration and protection. Implementation of the mega-project, 'Gulf Railway' which is to connect all the countries present in the Gulf Cooperation Council by 2017, is expected to be one of the primary factors driving the demand for geotextiles and geogrids. In addition, gigantic road development projects are expected to play a significant role in the growth of the market within the forecast period, due to the sandy terrain of the region and focus of the various governments on infrastructural development. However, fluctuating costs of key raw materials, such as polypropylene and polyester on account of depleting petroleum reserves is expected to hamper the growth of the market over the next few years. Rising consumer awareness regarding advantages of natural geotextiles is expected to open new opportunities for the growth of the market over the next few years.
Nonwovens were the largest product type within the geotextile market segment and accounted for over 65% of the market share in 2012 due to its extensive use in drainage sub-systems and road construction. Increasing infrastructural activities in GCC countries, particularly road and drainage systems, is expected to drive the demand for nonwoven geotextiles over the next few years. It is expected to witness the fastest growth in this region within the forecast period.
Road construction and erosion control were the largest application segments of geotextiles in GCC (including UAE), accounting for over 60% of the market share in 2012. Erosion control is expected to be the fastest growing segment within the forecast period on account of growing infrastructure development such as roads, drainage systems and commercial and non-commercial construction. Demand for geotextiles in erosion control in UAE is expected to grow at a CAGR of 7.9% from 2013 to 2019.
Within the geogrids market segment, roadways were the largest application segment in 2012 in GCC and UAE. Geogrids are also being increasingly used in landscaping as they help in soil reinforcement. Road construction and landscaping are expected to witness the fastest growth over the next few years on account of increased construction activities such as expansion of airports, residential restructuring and development of commercial complexes. Demand for geogrids for application landscaping in GCC (excluding UAE) is expected to be 10,910.6 thousand square meters by 2019.
The report gives a comprehensive view of the geotextiles and geogrids market in terms of volume and revenue for GCC (excluding UAE) and UAE. The report comprises of the following segments:
Geotextiles Market: Product Segment Analysis
  • Nonwoven
  • Woven
  • Knitted

Geotextiles Market: Application Analysis
  • Road construction
  • Drainage
  • Erosion control
  • Others (Landfills)

Geogrids Market: Application Analysis
  • Roadways
  • Landscaping
  • Others
See more market research reports: Transparency Market Research

Thursday, 6 February 2014

Intravenous Access Devices Market is Expected to Reach USD 46.5 Billion Globally in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research "Intravenous Access Devices Market (Intravenous Needles, Intravenous Catheters and Intravenous Infusion Pumps) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,"in 2012, the global intravenous access devices market was valued at USD 27.2 billion and is expected to grow at a CAGR of 7.8% during the forecast period of 2013 to 2019  to reach a market value of USD 46.5 billion by 2019.

Intravenous (IV) access devices are utilized extensively for the delivery of almost every class of drugs such as analgesics, antibiotics and antipyretics. The IV access devices include IV needles, IV catheters and IV infusion pumps. The market for IV access devices will increase tremendously at the growing rate of 7.8% during the forecast period 2013 to 2019 with the increasing incidences of various diseases such as cancer and tuberculosis (TB).Increasing geriatric population worldwide will also support the growth of this market because elderly people are highly susceptible to aforementioned diseases. In addition, shifting trend towards home healthcare will further propel the growth of infusion pumps and catheters market which will also support the overall growth of the market.

Likewise, increase in number of surgeries throughout the globe will also trigger the growth of this market since; surgeries will require these access devices for various purposes such as medication and anesthetic. For instance, in 2012around 51.4 surgeries were reported according to the Centers for Disease Control and Prevention (CDC) in the U.S. and this number is expected to increase owing to various reasons such as increase in number of accidents and lifestyle. Similarly, increase in number of vaccines will also augment the growth of this market since administration of majority of the vaccines will utilize intravenous needles.The market for intravenous catheters is expected to grow at the highest CAGR of 9% during the forecast period 2013 to 2019. This growth is attributed to its wide application areas such as it is utilized when infusion pump is implanted in the body. Similarly, price competitiveness of the catheters will also support the growth of this market tremendously.

The North American region accounted for the largest share by revenue for intravenous access devices in the year 2012 owing to large number of patient pool and geriatric population. However, Asia-Pacific is expected to show the highest growth rate of 9.4% from 2013 to 2019. This is attributed to rise in geriatric population, target diseases, increase in healthcare expenditure and improving healthcare infrastructure in the Asia-Pacific region. In addition, rise in disposable income due to economic development will also propel the growth of the market in the region since it will increase the purchasing power of individuals for various medical services such as surgeries.

The major players operating in the market include Hospira, Inc., Becton, Dickinson and Company, CareFusion Corporation, Baxter International, B. Braun Melsungen AG and Smiths Medical.

The global intravenous access devices market has been segmented as below:
Intravenous Access Devices Market, by Product Types

  • Intravenous Needles
  • Intravenous Catheters
  • Midline Peripheral Catheter
  • Central Catheters
  • Midline Peripheral Catheters
  • Centrally Inserted Catheters
  • Intravenous Infusion Pumps
  • Intravenous Insulin infusion Pumps
  • Parenteral Feeding Infusion Pumps
  • Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
  • Intravenous Syringe Infusion Pumps

Intravenous Access Devices Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Browse more reports: Transparency Market Research

Wednesday, 5 February 2014

Predictive Analytics Market to Reach USD 6,546.4 Million by 2019, Globally: Transparency Market Research

Transparency Market Research is Published new Market Report “Predictive Analytics Market (Customer intelligence, Decision support systems, Data mining and management, Performance management, Fraud and security intelligence, Risk management, Financial intelligence, Operations and Campaign management) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 2019" published by Transparency Market Research, the market for predictive analytics software is forecast to reach USD 6,546.4 million globally by 2019. The market growth is driven by increased demand for 'customer intelligence' and 'fraud and security intelligence' software. Cloud hosted predictive analytics software solution is seen as an emerging market and is expected to drive growth in the near future.

Globally, the predictive analytics market was valued at USD 2,087.3 million in 2012 and is forecast to grow at 17.8% CAGR from 2013 2019. End-use sectors such as banking and finance services, insurance, government, pharmaceuticals, telecom and IT, and retail, are seen as key demand drivers during the forecast period. Collectively these segments accounted for 71.8% of the marker share in 2012. 

Among all, companies under BFSI (banking, finance services, and insurance) sector are expected to account for the largest market share throughout the forecast period. However, retail and manufacturing, are expected to record faster growth as compared to any other segment. This is largely due to fast growing consumer driven digital data and the subsequent need to extract strategically critical information from the same. Rise in incidences of frauds, payment defaults, over or under stock inventory levels, and stringent regulations regarding GRC (governance, risk, and compliance), have pushed companies to adopt predictive analytical models, so they can gain futuristic insights and take preventive measures.

Demand for industry specific software solutions has caused customer intelligence, fraud and security intelligence, and campaign management to emerge as leading segments. These segments together accounted for approximately 50% of market revenue in 2012. These different software solution types are used for supporting organizational functions/applications such as sales and marketing, customer and channel management, operations and workforce management, and finance and risk management. Among these software solutions for finance and risk management applications accounted for 40.9% of revenue share in 2012. The demand has seen a surge amidst the restraining impact of current global economy, where companies have been looking for measures to effectively manage their finances and associated risks.

Most of these software solutions are currently delivered through on-premises installation, and such installed solutions alone accounted for more than three-fourth of revenue share. Demand from companies with strong financial arms has been a key contributor to their high revenue share. However, with rise in awareness pushing the demand up from small and medium businesses, cloud based predictive analytics software solutions and services are expected to emerge as an alternative. Low cost, ease of switching the vendor, and scope for upgrade as per requirements, are some of the factors supporting demand for cloud hosted software solutions.

North America, which has been at the forefront of generating big data in large quantities, is expected to remain the largest market for predictive analytics software solutions. This is due to demand for advanced business intelligence being directly affected by need to analyze big data. Growth of predictive analytics aspect of Business Intelligence has seen a revival ever since big data gained popularity and has been growing exponentially. As a result, big data vendors too have been entering the market for predictive analytics, making the competition intense. Currently players such as SAS Institute Inc., SAP AG, Oracle Corporation, IBM Corporation, Microsoft Corporation, Teradata Corporation, and Tableau Software, are among key players in the market. Top 5 players accounted for 80% of the global market in 2012 making it challenging for the new entrants to establish themselves in the market. Other vendors in the market are Fair Isaac Corporation, TIBCO Software, Inc., Information Builders, Alteryx, Inc., QlikTech International AB, and MicroStrategy, Inc., among others.

The report analyzes the global predictive analytics market in terms of revenue (USD million). The market has been segmented as follows:

Predictive Analytics Market, End Use Industry:
• Banking and financial services
• Insurance
• Government, public administration, & utilities
• Pharmaceutical
• Telecom and IT
• Retail
• Transportation and logistics
• Healthcare
• Manufacturing
• Media and entertainment
• Energy (oil, gas, and electricity)
• Engineering and construction
• Tourism 
• Sports
• Others

Predictive Analytics Market, By Software Solution Types:
• Customer intelligence
• Decision support systems
• Performance management
• Data mining and management
• Fraud and security intelligence
• Sustainability intelligence
• Financial intelligence
• Operations management
• Campaign management
• Others

Pedictive Analytics Market, By Application:
• Sales and marketing
• Customer and channels
• Operations and workforce
• Finance and risk

Predictive Analytics Market, By Mode of Delivery:
• On-premises installation
• Hosted or cloud based

Predictive Analytics Market, By Geography:
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Source From: Transparency Market Research