Prescriptive And Predictive Analytics Market

Prescriptive & Predictive Analytics Market Forecasts to 2028 – Global Analysis By Type (Services, Solution), Application (Finance, Human Resource) and By Geography

4.4 (69 reviews)
Published: October 2021 ID: SMRC18165
4.4 (69 reviews)
Published: October 2021 ID: SMRC18165

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Prescriptive & Predictive Analytics Market is accounted for $6,133.19 million in 2020 and is expected to reach $1,6420.56 million by 2028 growing at a CAGR of 13.1% during the forecast period. Growing focus towards accepting analytics solutions to predict future market trends, rising implementation of new technologies such as Big Data and AI are driving the market growth. However, privacy concerns and stringent regulations regarding the use of data are hampering the growth of the market. 

Predictive analytics is the practice of pulling out information from current data. It aids users to define and understand the purchasing forms of customers, and forecast upcoming trends for an association. Prescriptive analytics is a method of advanced analytics, committed to procuring the best course of action for a presented situation. It examines data or content and is characterized by techniques, such as simulation, graph analysis, complex event processing, machine learning, and recommendation engines.

Based on the deployment model, the on-premises segment is going to have lucrative growth during the forecast period, as it delivers confidentiality and privacy parameters to the administrative data; hence, most of the organizations are implementing the on-premises deployment model mainly industry sector such as defense, health care and BFSI, where privacy and security in statistical modeling tools has utmost significance

By geography, North America is going to have high growth during the forecast period, owing to initial and heavy usage of advanced analytics across the majority of its industries. Besides, major numbers of vendors of the prescriptive and predictive analytics were based in the U.S and these vendors are benefiting significantly, owing to the growing digital industry in the country which deliver an additional benefit to the development of market growth.

Some of the key players profiled in the Prescriptive & Predictive Analytics Market include Accenture, Alteryx, Angoss, Ayata, FICO, Inkiru, International Business Machines (IBM) Corporation, KXEN, Megaputer, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc, Pegasystems.

Types Covered:
• Services
• Solutions

Software Systems Covered:
• Customer Relationship Management
• Data-Mining
• Decision Support Systems
• Fraud Detection Systems
• Performance Management Systems
• Risk Assessment and Management Systems   

Analytics Covered:
• Collection Analytics
• Marketing Analytics
• Predictive Analytics
• Prescriptive Analytics
• Supply-Chain Analytics
• Behavioural Analytics
• Talent Analytics  

Applications Covered:
• Sales & Marketing
• Human Resource
• Finance
• Operations
• Supply -Chain Management  

Delivery’s Covered:
• On-Site
• Cloud Based

End Users Covered:
• Aerospace
• Banking, Financial Services and Insurance (BFSI)
• Distribution Management
• Educational Organizations
• Energy (Oil & Gas Exploration)
• Government and Defense
• Healthcare & Pharmaceutical
• Insurance
• Intelligence Organization
• IT and Telecom
• Manufacturing
• Retail
• Social Media & Entertainment
• Industrial 
• Other End User Industries    

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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