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. 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.
Solution segment is expected to lead in terms of revenue CAGR of 25.4% during the forecast period. This high growth rate can be attributed to increasing application of predictive and prescriptive analytics solutions for fraud detection, debt management, and risk management in various sectors.
Key market participants include 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.
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The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Predictive and Prescriptive Analytics market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Predictive and Prescriptive Analytics market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Competitive Terrain:
The Global Predictive and Prescriptive Analytics Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length
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.
Cloud segment is projected to account for largest market share over the forecast period due to increasing adoption of cloud-based analytics solutions by end-user to efficiently collect, process, and transfer analyzed data.
In terms of revenue contribution to the global predictive and prescriptive analytics market, the operation segment is projected to lead during the forecast period as a result of increasing demand for advanced solution to improve inventory planning across different industry.
Healthcare segment is projected to account for comparatively higher market share during the forecast period due to growing use of predictive analytics in the healthcare industry for detection of patient condition in general ward and ICU.
Predictive and Prescriptive Analytics Key Coverage of report:
Predictive and Prescriptive Analytics Market share valuations of the segments on a country and global level.
Predictive and Prescriptive Analytics Market share analysis of the major market players.
Opportunities and growth prospects for the new Predictive and Prescriptive Analytics7 market entrants.
Predictive and Prescriptive Analytics Market forecast for all the segments, sub-segments of the market.
Predictive and Prescriptive Analytics Market Trends (drivers, restraints, opportunities, challenges, threats, investment opportunities, and approvals)
Strategic endorsements in the key business segments on the basis of Predictive and Prescriptive Analytics market valuations.
Competitive landscape mapping of the key development patterns.
Company profiling with detailed strategies, financial details, and recent developments.
Latest supply chain trends and technological advancements.
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The report objectives are:
To evaluate Predictive and Prescriptive Analytics status, future forecast, growth opportunity, key market, and key players.
To present the Global Predictive and Prescriptive Analytics development in the different regions of the world.
To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
To define, describe, and forecast the market by product type, market, and key regions.
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
- Human resource
- End-use Outlook (Revenue, USD Billion; 2021–2028)
- Retail
- Telecommunication
- Mining
- Energy
- Manufacturing
- Healthcare
- Automotive
- Government
- Defense
- BFSI
- Logistics
- Entertainment
- Sports
- Gaming
- Others
Research Methodology
- Data triangulation and market breakdown
- Research assumptions Research data including primary and secondary data
- Primary data includes breakdown of primaries and key industry insights
- Secondary data includes key data from secondary sources
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