Market Research Future published a research report on “Prescriptive Analytics Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Prescriptive Analytics Global Market – Overview
The global prescriptive analytics market demand is growing with the increasing adoption of advance analytics and the growing adoption of cloud, which are propelling the prescriptive analytics market growth to the large extent. The complex analytics workflow and the lack of skilled manpower with advance analytics knowledge are some of the factors which are hampering the market growth of prescriptive analytics. According to a recent study report published by the Market Research Future, the global market of prescriptive analytics is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017-2023.
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Prescriptive Analytics Market Segmentation
The Prescriptive Analytics market has been segmented on the basis of component, deployment, business sector, organization size, and vertical. Looking through the component segment it’s been observed that the software segment would grow fastest. In the services segment consulting services is expected to grow fastest in the prescriptive analytics market. Whereas considering the software solution segment workforce analytics segment is expected to grow significantly. The study reveals that BFSI sector would grow impressively in the prescriptive analytics market by the forecast period. However, considering the deployment segment, the cloud based prescriptive analytics shows a significant growth in the market as it influences better access to real time data, with faster implementation and reduced total cost of ownership. The study reveals that the SMEs segment is expected to grow significantly in the Prescriptive Analytics market by the forecast period.
The prominent players in the Prescriptive Analytics Market are – FICO (U.S.), Ayata (U.S.), IBM Corporation (U.S.), River Logic, Inc. (U.S.), Angoss Software (U.S.), Frontline (U.S.), Profitect (U.S.), Panoratio (Germany), TIBCO Software (U.S.), NGData (Belgium) and among others.
Prescriptive Analytics Global Market – Competitive Analysis
The market of prescriptive analytics appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Market Research Analysis:
Regional analysis for Prescriptive Analytics market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Prescriptive Analytics market. The study indicates that North America region has high cloud penetration, high internet penetration and increasing new-generation employees, this has resulted in the growth of Prescriptive Analytics market in European region.
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Table Of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Software Solutions
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
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