Global Prescriptive Analytics Market – Industry Trends and Forecast to 2024

Market Analysis: Global Prescriptive Analytics Market

The global prescriptive analytics market accounted for USD 1.20 billion in 2016 growing at a CAGR of 30.95% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Prescriptive Analytics Market

The prescriptive analytics is a tool of finding the best course of action for a given situation. It provides organizations with a way to analyze data and transform it into recommended actions almost instantaneously. The emergence of advanced technologies and rising popularity of real-time accessibility of data are boosting the growth of this market where as complex analytical workflow is one of the restraints for this market.

Major Market Drivers & Restraints:

Emergence of Advanced Technologies
Rising Popularity of Real-Time Accessibility of Data
Complex Analytical Workflow
Dynamic Nature of Data
Rise In Data Discovery Tools
Innovation In Data Preparation Tools

Market Segmentation: Global Prescriptive Analytics Market

The global prescriptive analytics market is segmented on the basis of components into software and services. The services are further sub segmented into professional services and managed services.

On the basis of data type, the global prescriptive analytics market is segmented into unstructured data, semi-structured data and structured data

On the basis of application, the global 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 global prescriptive analytics market is segmented into human resources, sales, marketing, finance and operations.

On the basis of deployment model, the global prescriptive analytics market is segmented into on-premises and on-demand.

On the basis of vertical, the global prescriptive analytics market is segmented into healthcare & life sciences, banking, financial services, and insurance, information technology & telecommunications, retail & consumer goods, media and entertainment, manufacturing, energy and utilities, travel & hospitality, transportation & logistics, government and defense and others.

On the basis of geography, global prescriptive analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Prescriptive Analytics Market

The report for prescriptive analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Prescriptive Analytics Market

Some of the major players of the global prescriptive analytics market are IBM Corporation, TIBCO Software Inc., SAP SE, Frontline Systems, Inc., Profitect, ANGOSS SOFTWARE CORPORATION, River Logic, Inc., Ayata, Fair Isaac Corporation, PANORATIO among others.

Research Methodology: Global Prescriptive Analytics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Prescriptive Analytics Market – Industry Trends and Forecast to 2024

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