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Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation. Prescriptive analytics is related to both descriptive and predictive analytics.
The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2023.
Market Analysis and Insights: Global Prescriptive Analytics Market
The research report studies the Prescriptive Analytics market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Prescriptive Analytics market size is projected to reach US$ 2457.6 million by 2026, from US$ 1188.6 million in 2020, at a CAGR of 12.9% during 2021-2026.
Global Prescriptive Analytics Scope and Segment
The global Prescriptive Analytics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Prescriptive Analytics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
Segment by Type, the Prescriptive Analytics market is segmented into
Software
Services
Segment by Application, the Prescriptive Analytics market is segmented into
Healthcare and life sciences
BFSI
IT and Telecommunication
Media and Entertainment
Manufacturing
Transportation and logistics
Others
Global Prescriptive Analytics market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
The major vendors covered:
IBM
FICO
Ayata
River Logic
Angoss Software
Profitect
Tibco Software
Frontline Systems
Ngdata
The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2023.
Market Analysis and Insights: Global Prescriptive Analytics Market
The research report studies the Prescriptive Analytics market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Prescriptive Analytics market size is projected to reach US$ 2457.6 million by 2026, from US$ 1188.6 million in 2020, at a CAGR of 12.9% during 2021-2026.
Global Prescriptive Analytics Scope and Segment
The global Prescriptive Analytics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Prescriptive Analytics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
Segment by Type, the Prescriptive Analytics market is segmented into
Software
Services
Segment by Application, the Prescriptive Analytics market is segmented into
Healthcare and life sciences
BFSI
IT and Telecommunication
Media and Entertainment
Manufacturing
Transportation and logistics
Others
Global Prescriptive Analytics market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
The major vendors covered:
IBM
FICO
Ayata
River Logic
Angoss Software
Profitect
Tibco Software
Frontline Systems
Ngdata
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
