The latest research report by Emergen Research, named ‘Global Predictive and Prescriptive Analytics Market - Forecast to 2032 The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
The global predictive and prescriptive analytics market is forecast to reach a market size of USD 64.58 Billion by 2028, and register a significantly high CAGR, according to latest analysis by Emergen Research. Revenue growth of the global predictive and prescriptive analytics market is expected to increase significantly during the forecast period due to increasing demand for data-driven decision-making solutions. Rising adoption of business intelligence and analytics solutions across different industries and sectors is another major factor expected to further boost growth of the global predictive and prescriptive analytics market during the forecast period.
The predictive and prescriptive analytics market is experiencing a surge in growth, driven by the increasing adoption of advanced analytics solutions across various industries. Predictive analytics involves extracting information from existing data sets to determine patterns and predict future outcomes, while prescriptive analytics takes it a step further by not only predicting outcomes but also recommending actions to achieve desired results. This market encompasses a wide range of industries, including finance, healthcare, retail, manufacturing, and more, as organizations seek to leverage data-driven insights to gain a competitive edge.
Drivers of Predictive and Prescriptive Analytics Market
Several key drivers are propelling the growth of the predictive and prescriptive analytics market. One significant factor is the exponential growth of big data, fueled by the proliferation of connected devices, social media, and other sources generating vast amounts of data. Organizations recognize the value of harnessing this data to gain actionable insights and improve decision-making processes. Additionally, advancements in artificial intelligence and machine learning technologies have enabled more sophisticated predictive and prescriptive analytics capabilities, making it easier for businesses to extract meaningful insights from complex data sets.
Major Companies and Competitive Landscape
The Predictive and Prescriptive Analytics Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, SAP SE, SAS Institute Inc., Salesforce.com, Inc., Qliktech Inc., Tableau Software, Inc., TIBCO Software Inc., and Pegasystems Inc.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/predictive-and-prescriptive-analytics-market
Key inclusions of the Predictive and Prescriptive Analytics Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Predictive and Prescriptive Analytics Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Predictive and Prescriptive Analytics Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Predictive and Prescriptive Analytics Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Predictive and Prescriptive Analytics Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Predictive and Prescriptive Analytics Market Segment Analysis
Emergen Research has segmented the global predictive and prescriptive analytics market on the basis of type, deployment, application, end-use, and region.
Type Outlook (Revenue, USD Billion; 2021–2028)
- Services
- Solutions
- Customer relationship management
- Fraud detection
- Risk management
- Performance management
Deployment Outlook (Revenue, USD Billion; 2021–2028)
- On-premises
- Cloud
Application Outlook (Revenue, USD Billion; 2021–2028)
- Human resource
- Talent analytics
- Sales & marketing
- Marketing analytics
- Behavioral analytics
- Finance
- Collection analytics
- Operations
- Distribution management
- Inventory planning
- Others
Regional Analysis of the Predictive and Prescriptive Analytics Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Predictive and Prescriptive Analytics Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Predictive and Prescriptive Analytics Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
