NEW YORK--(BUSINESS WIRE)--Accretive Technologies (Accretive) today announced that a new report from top research firm MarketsandMarkets—which forecasts the predictive analytics market to reach $5.84 Billion by 2018—credits Accretive for various strengths in the highly competitive space. Highlights include recognition for Accretive’s advanced approach to complex business and system modeling as well strategic opportunities for businesses to use X-ActTM Predictive Analytics Platform to expand predictive analytics usage from static long-term planning to real-time problem solving.
MarketsandMarkets new report makes Worldwide Market Forecasts and Analysis of the Predictive Analytics Market (2013 – 2018), and segments the predictive analytics software market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.
”The bullishness of analyst firms like MarketsandMarkets on the future growth of the predictive analytics market further validates our own research and confirms the business need for next generation analytics solutions like Accretive’s,” said Dr. Nabil Abu El Ata, CEO of Accretive Technologies, who is a finalist for the Golden Bridge “Executive of the Year” Award. “By unifying modeling and analytics across both business and IT, Accretive helps decision makers deal with the growing complexity of business and gain the forward-looking visibility they need to confidently take the right actions at the right time to ensure the highest level of business and IT performance today and into the future.”
MarketsandMarkets notes “Global predictive analytics market is driving on the emergence of massive amount of data deluge and innovative technology implementations. Business enterprises focus has changed from traditional Business Intelligence (BI) solutions to predictive analytics, because they have understood the importance of data and its analysis for the future estimation. The transformation of BI to predictive analytics gives new opportunities to the big players as well as new startups in this market.”
Accretive offers a cloud-based service that combines highly accurate mathematical modeling with next generation predictive and prescriptive analytics. These capabilities help businesses fully explore and identify opportunities for improved performance and efficiency while providing understanding of the future ramifications of decisions before actions are taken.
In the MarketsandMarkets report Accretive and it’s X-Act platform was specifically recognized for strengths that drive the expanding predictive analytics market:
- Advanced capabilities to deal with complex business and system modeling
- Advanced computations and dashboard outputs
- Capabilities in North America and Europe
- Broad range of industry sector knowledge and library assets, particularly finance
- Success of its legacy base and assets
Dr. Abu El Ata continued, “to thrive in today’s competitive business climate, decision makers need predictive analytics tools they can depend on to know what’s coming next and more importantly they need to know in real-time which actions should be taken to reduce risk and maximize opportunities. Only advanced forms of mathematics, like those used by X-Act, are capable of providing reliable insights that are truly forward-looking.”
To browse 182 market data tables and 53 figures spread through 406 pages and in-depth TOC on “Predictive Analytics Market [(Fraud, Risk, Marketing, Operations), Verticals (BFSI, Healthcare, Environment, Government, Retail, Energy, Manufacturing, Transportation, Travel, Telecom, Sports)]: Worldwide Market Forecasts and Analysis (2013 – 2018), please visit
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About Accretive Technologies
Accretive Technologies Inc. offers highly accurate predictive and prescriptive business analytic capabilities to help organizations thrive in the face of increasing pressures to innovate, contain costs and grow. By leveraging the power of Accretive’s smart analytics platform and advisory services, global leaders in financial, telecommunications, retail, entertainment, services and government markets gain the foresight they need to make smart transformation decisions and maximize the performance of organizations, processes and infrastructure. Founded in 2003 with headquarters in New York, NY and offices in Omaha, NE and Paris, France, Accretive is a privately owned company with over 350 customers worldwide. For more information, please visit http://www.acrtek.com.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
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