The volume of data is growing rapidly, and the demand for analytics solution is growing to gain actionable insights from the data generated. The increasing awareness among organizations is also a driving factor for the growth of global prescriptive and predictive analytics market. The prescriptive and predictive analytics market is competitive in nature due to the presence of some of the well-established players such as IBM, Oracle, and SAS among others.
Growing focus towards adopting analytics solutions to predict future market trends, growing adoption of new technologies such as Big Data and AI are the major factors that are expected to drive the growth of prescriptive and predictive analytics market. However, privacy concerns and stringent regulations regarding the use of data are major factors that might hinder the growth of prescriptive and predictive analytics market in the current market scenario.
The "Global Prescriptive and predictive analytics Market Analysis to 2027" is a specialized and in-depth study of the prescriptive and predictive analytics industry with a special focus on the global market trend analysis. The report aims to provide an overview of prescriptive and predictive analytics market with detailed market segmentation by deployment, industry and geography. The global prescriptive and predictive analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading prescriptive and predictive analytics market players and offers key trends and opportunities in the prescriptive and predictive analytics market.
The global prescriptive and predictive analytics market is segmented on the basis of deployment and industry. Based on deployment, the market is segmented as on-premise and cloud. On the basis of the industry the market is segmented as BFSI, retail, healthcare and pharmaceutical, it and telecom, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global prescriptive and predictive analytics market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The prescriptive and predictive analytics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting prescriptive and predictive analytics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the prescriptive and predictive analytics market in these regions.
The reports cover key developments in the prescriptive and predictive analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from prescriptive and predictive analytics market are anticipated to lucrative growth opportunities in the future with the rising demand for prescriptive and predictive analytics in the global market. Below mentioned is the list of few companies engaged in the prescriptive and predictive analytics market.
The report also includes the profiles of key prescriptive and predictive analytics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Altair Engineering, Inc.
- ALTERYX, Inc.
- Fair Isaac Corporation.
- IBM Corporation
- Information Builders
- Oracle Corporation
- SAS Institute Inc.
- TABLEAU SOFTWARE
- TIBCO Software Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.