Prescriptive Analytics Market Overview:
Market insights, product descriptions, company profiles, revenue, and contact information are all included in the Prescriptive Analytics Market analysis. This report examines the global market's history as well as market forecasts by region/country and subsectors. Businesses, investors, stakeholders, suppliers, service providers, and distributors can use the study report to assess the market. To acquire a better grasp of the present market condition, global industry and marketing trends are researched. The global market examines and researches consumption, value, year-over-year growth, and development plans for the coming years to provide a thorough portrayal of the expected market size.
True numbers were also checked utilizing credible sources in order to obtain a higher level of accuracy. Interviews and the opinions of seasoned market research professionals were used to make additional estimates. It includes sales volume, price, revenue, gross margin, trends, historical growth, and projected future growth for the Prescriptive Analytics market. It contains detailed data for all regional markets, as well as a comprehensive review of all segments, categories, and regional and country segments explored in the study.
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Key players included are:
The major key players are Fair Isaac Corporation, International business machines corporation, Infor, Oracle Corporation, River Logic, inc., Salesforce.com, inc., Sap Se, SAS institute inc., Teradata corporation, Tibco software inc.
Market Segmentation
For each region, analysts looked at sales, production, and manufacturer statistics. This section looks at revenue and volume by region during the projection period. These analyses will assist the reader in determining the value of a particular investment. The Prescriptive Analytics report is the product of a thorough investigation into a number of elements that influence regional growth, including the region's economic, social, technological, environmental, and political conditions.
Segmentation and Sub-Segmentation included are:
On The Basis of Component:
- Software
- Services
On The Basis of Deployment:
- CLOUD
- ON-PREMISE
On The Basis of Business Function:
- Operations
- Sales
- Marketing
- Finance
- Human Resources
On The Basis of Industry Vertical:
- Healthcare
- BFSI
- IT & Telecommunications
- Retail
- Media & Entertainment
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Government
- Others
Regional Analysis
In evaluating and interpreting the Prescriptive Analytics market, regional research is becoming increasingly crucial. This study covers a wide variety of capabilities because the market revenue of the industry's main companies is calculated utilizing secondary and primary sources. The research looks into the region's fiscal, cultural, social, technical, and political concerns, as well as other aspects that influence regional growth. This chapter discusses the global and territorial globalization of various term exchanges.
Competitive Outlook
This section of the study discusses the top players in the Prescriptive Analytics industry. It aids the reader in comprehending the market rivalry methods and collaborations that firms are pursuing. The in-depth research examines the market on a micro level. The reader can identify the footprints of manufacturers by knowing their global revenue, global price, and global output over the forecast period.
Key Questions Answered in the Prescriptive Analytics Market Report
- What is the general market scenario, including risks and opportunities?
- In the target market's sales, revenue, and market share analysis, what is the leading industry and category?
- What is the possibility for developing economies to develop in the next few years?
- What are the most effective techniques for increasing market share utilized by players?
Table of Contents
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Prescriptive Analytics Market Segmentation, By Component
- Prescriptive Analytics Market Segmentation, By Deployment
- Prescriptive Analytics Market Segmentation, By Business Function
- Prescriptive Analytics Market Segmentation, By Industry Vertical
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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Prescriptive Analytics Market ResearchThe availability of advanced analytics is projected to motivate the growth of the market for prescriptive analytics.
Moreover, the upsurge in cyber-crime is expected to create favorable traction for the prescriptive analytics market in the coming years.Segmental AnalysisThe segmental study of the prescriptive analytics market is conducted on the basis of application, deployment, organization type, component, business sector, vertical, and region.
Based on the application types, the prescriptive analytics market is segmented into revenue management, network management, operation management, supply chain management, and others.
On the basis of deployment, the prescriptive analytics market is bifurcated into on-cloud and on-premise.
Based on the business sector, the prescriptive analytics market is segmented into marketing, operations, finance, HR and sales.
Based on the vertical, the prescriptive analytics market is segmented into BFSI, healthcare, manufacturing, transportation, IT/ITES, and government.
Global Prescriptive Analytics MarketPrescriptive Analytics is defined as advanced analytics that is useful for making optimum decisions regarding the way to handle specific situations by considering all the situation and available resources.
Market Research Future (MRFR) has published a research report about the global prescriptive analytics market that presumes proliferation for this market at 22.7% CAGR (Compound Annual Growth Rate) between 2017 and 2022.
It assesses the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R) in the market.The major factor elevating the prescriptive analytics market growth is the rising popularity of automated business decisions.
Prescriptive analytics is helpful for improved business decisions despite uncertainty and changing conditions.
Other factors contributing to the market growth include the emergence of big data & internet of things (IoT), growing cloud adoption, massive investments from various firms, increase in cyber crimes, and lastly, growing demand of machine learning.The global prescriptive analytics market has been segmented on the basis of application, business sector, component, deployment, vertical and lastly, region.
The application-based segmentation segments this market into network management, operation management, revenue management, supply chain management, and others.Based on the business sector, the market has been segmented into finance, human resources (HR), marketing, operations, and sales.
According to information from Forrester Research Analysts, prescriptive analytics for B2B/B2C companies is overtaking predictive analytics.Data revealed at Forrester’s Virtual Data & Insights Forum, October 13–15, 2020, 93% of firms are operating WITHOUT insights-driven practices.
The same research claimed that just 49% of all business decisions are being made based on quantitative information.This presents a problem for a variety of reasons.
How can your firm overcome bad decision-making?Predictive analytics provides you with raw data so you can build your own plans and actions, while prescriptive analytics does all of the work for you and provides actionable options.Shifting through the vast quantities of data you have with human analysis is not practical or possible within a reasonable timeframe.
But marketing decisions must be informed quickly to enable you to take corrective actions when needed.
Prescriptive Analytics gives consistent recommendations on what to do next.
Your decision-making is validated, not replaced when using prescriptive tools.
