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Prescriptive Analytics Global Market - OverviewPrescriptive Analytics is defined as advanced analytics that is useful for making optimum decisions regarding the way to handle specific situations by considering all the situation and available resources. Market Research Future (MRFR) has published a research report about the global Prescriptive Analytics Market that presumes proliferation for this market at 22.7% CAGR (Compound Annual Growth Rate) between 2017 and 2022. By value, the market has been figured to be worth the US $ 2.47 bn by the end of the forecast period.
Analyzing the market structure, this report weighs the future growth potential of the market. It assesses the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.
The major factor elevating the prescriptive analytics market growth is the rising popularity of automated business decisions. Prescriptive analytics is helpful for improved business decisions despite uncertainty and changing conditions. Other factors contributing to the market growth include the emergence of big data & internet of things (IoT), growing cloud adoption, massive investments from various firms, increase in cyber crimes, and lastly, growing demand of machine learning.
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Key Players
The prominent players in the prescriptive analytics market are – FICO (U.S.), Ayata (U.S.), IBM Corporation (U.S.), River Logic, Inc. (U.S.), Angoss Software (U.S.), Frontline (U.S.), Profitect (U.S.), Panoratio (Germany), TIBCO Software (U.S.), NGData (Belgium) and among others.
Prescriptive Analytics Market Segmentation
The Prescriptive Analytics market has been segmented on the basis of component, deployment, business sector, organization size, and vertical. Looking through the component segment it’s been observed that the software segment would grow fastest. In the services segment consulting services is expected to grow fastest in the prescriptive analytics market. Whereas considering the software solution segment workforce analytics segment is expected to grow significantly. The study reveals that BFSI sector would grow impressively in the prescriptive analytics market by the forecast period. However, considering the deployment segment, the cloud based prescriptive analytics shows a significant growth in the market as it influences better access to real time data, with faster implementation and reduced total cost of ownership. The study reveals that the SMEs segment is expected to grow significantly in the Prescriptive Analytics market by the forecast period.
Market Research Analysis:
Regional analysis for Prescriptive Analytics market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Prescriptive Analytics market. The study indicates that North America region has high cloud penetration, high internet penetration and increasing new-generation employees, this has resulted in the growth of Prescriptive Analytics market in European region.
Latest Industry News
BioConnect’s digital identity authentication technology has been integrated with ForgeRock’s Identity and Access Management platform in order to provide enterprise-grade biometrics for secure privileged access. The new service also includes prescriptive analytics. 6 MAR 2019
Denver-based startup NextHealth Technologies is offering an artificial intelligence (AI)-powered healthcare analytics platform. It has wrapped up a $17 million Series B funding round. The new platform will use prescriptive analytics. 4 MAR 2019
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Intended Audience
• Government Organizations
• Business Analytics Software Providers
• Enterprise users
• Commercial users
• Cloud Service Providers
• IT Service Providers
• Application Design and Software Developers
• Software Vendors
• Industrial users
• Technology investors
• System Integrators
• Research/Consultancy firms
• Independent
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 88927340
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