Global Prescriptive Analytics Market, By Component (Software Services), Data Type (Unstructured Data, Semi-Structured Data, Structured Data), Application (Risk Management, Operations Management, Revenue Management, Network Management, Supply Chain Management, Workforce Management, Others), Business Function (Human Resources, Sales, Marketing, Finance, Operations), Deployment Model (On-Premises, On-Demand), Vertical (Healthcare and Life Sciences, Banking, Financial Services, and Insurance, Information Technology and Telecommunications, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Energy and Utilities, Travel and Hospitality, Transportation and Logistics, Government and Defense, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Prescriptive Analytics Market
The prescriptive analytics market is expected to witness market growth at a rate of 24.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on prescriptive analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the cybercrimes and cyber security breaches is escalating the growth of prescriptive analytics market.
Prescriptive analytics can be referred to as a technology that influences the analytics techniques like descriptive analytics, predictive analytics and the diagnostic analytics to offer probable conclusions for a delivered situation.
Major factors that are expected to boost the growth of the prescriptive analytics market in the forecast period are the arrival of developed technologies like the big data and IoT. Furthermore, the increase in the trend of real-time availability of data for effective business operations is further anticipated to propel the growth of the prescriptive analytics market. Also, the complex analytical workflow and the dynamic nature of the data is further projected to impede the growth of the prescriptive analytics market in the timeline period.
In addition, the overpowering of the lacunae of traditional business intelligence tools, the rise in the investment in big data infrastructure around of the world and the increase in the cyber-crimes and the demand for crime prediction and prevention will further provide the growth of the prescriptive analytics market in the coming years. However, the absence of advanced analytical knowledge amongst the workers and the variety of data models based on the business demands might further challenge the growth of the prescriptive analytics market in the prescriptive analytics market in the near future.
This prescriptive analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on prescriptive analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Prescriptive Analytics Market Scope and Market Size
The prescriptive analytics market is segmented on the basis of component, data type, application, business function, deployment model, and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the prescriptive analytics market is segmented into software and services. Services is further sub segmented into professional services and managed services.
- On the basis of data type, the prescriptive analytics market is segmented into unstructured data, semi-structured data, and structured data.
- On the basis of application, the prescriptive analytics market is segmented into risk management, operations management, revenue management, network management, supply chain management, workforce management, and others.
- On the basis of business function, the prescriptive analytics market is segmented into human resources, sales, marketing, finance, and operations.
- On the basis of deployment model, the prescriptive analytics market is segmented into on-premises, and on-demand.
- On the basis of vertical, the prescriptive analytics market is segmented into healthcare and life sciences, banking, financial services, and insurance (BFSI), information technology and telecommunications, retail and consumer goods, media and entertainment, manufacturing, energy and utilities, travel and hospitality, transportation and logistics, government and defense and others.
Prescriptive Analytics Market Country Level Analysis
The prescriptive analytics market is analysed and market size, volume information is provided by country, component, data type, application, business function, deployment model, and vertical as referenced above.
The countries covered in the prescriptive analytics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the prescriptive analytics market due to the increase in the demand for analytical marketing solutions. Asia-Pacific is projected to observe significant amount of growth in the prescriptive analytics market due to the rise in the utilization cloud services.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Prescriptive Analytics Market Share Analysis
The prescriptive analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to prescriptive analytics market.
The major players covered in the prescriptive analytics market report are River Logic, Inc., Altair Engineering, Inc., Profitect Inc., IBM, Fair Isaac Corporation, Ayata, TIBCO Software Inc, Frontline Systems, Inc, NGDATA, Panoratio GmbH, Netformx., QualMetrix Inc., Absolutdata., Salesforce.com, Inc., Accenture, Oracle, Teradata., SAS Institute Inc., Microsoft Corporation, SAP, and Versium among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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