Prescriptive Analytics Market 2021: Forecasts, Analysis and Overview

Study papers on Prescriptive Analytics market and regional forecast. Prescriptive Analytics market players are IBM Corporation (U.S.), FICO (U.S.), River Logic, Inc. (U.S.), Ayata (U.S.), Angoss Software (U.S.), Profitect (U.S.), Frontline (U.S.), Panoratio (Germany), TIBCO Software (U.S.), NGData (Belgium).

Download Brochure of Prescriptive Analytics Market spread across 148 pages, Profiling 11 Companies and Supported with 79 Tables and 45 Figures is now available at  http://www.rnrmarketresearch.com/contacts/request-sample?rname=810096

Prescriptive analytics market size is estimated to grow from USD 1.16 billion in 2016 to USD 4.58 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.7%. Emergence of advanced technologies such as, big data and IoT and rising popularity of real-time accessibility of data for efficient business applications has fueled the growth of prescriptive analytics solutions. However, complex analytical work flow and dynamic nature of data are acting as the restraining factors for the prescriptive analytics market.

Target Audience

• Independent Software Vendors
• Business Analytics Software Providers
• IT Service Providers
• Cloud Service Providers
• System Integrators
• Application Design and Software Developers

APAC is estimated to grow at the highest CAGR during the forecast period. The developing APAC market is poised to grow, as the developing economies, such as India, China, Australia, and NewZealand are aggressively adopting the prescriptive analytics technologies to stay ahead in the competition. The region would be looking to increase the adoption of advanced analytical technology owing to flexible government policies, regulations, and control, competing with the international markets in terms of quality and pricing. The APAC market will also be a booming market as it is experiencing a lot of new entrepreneurial set-ups, which would be looking forward to acquire new customers and gain customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players.

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The prescriptive analytics software helps the company in decision making based on the historical and projected scenarios. Prescriptive analytics software uses the outcomes from predictive analytics and generates alternative solutions, which can be used to reach businesses objectives. Furthermore, the prescriptive analytics solution enables organizations to increase efficiency and to save overall operational costs.

Competitive Landscape

1 Overview
2 Competitive Situations and Trends
2.1 Partnerships, Collaborations, & Agreements
2.2 Acquisition
2.3 New Product Launches
2.4 Expansions
3 Prescriptive Analytics Market: Vendor Comparison
4 Vendor Inclusion Criteria
5 Vendors Evaluated

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The report segments the prescriptive analytics market on the basis of component, which includes software and services; data types such as unstructured, semi-structured, and structured; application such as risk management, operation management, revenue management, network management, supply chain management, workforce management, and others; business functions include HR, sales, marketing, finance, and operations; deployment models such as on-premises and on-demand; verticals such as healthcare &life sciences, BFSI, IT &Telecommunication, retail &consumer goods, media &entertainment, manufacturing, energy &utility, travel &hospitality, transportation &logistics, government &defense, and others; and regions including North America, Europe, Asia–Pacific (APAC), Middle East & Africa (MEA), and Latin America.

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