Growth in number of connected devices in IoT, surge in demand for advanced and real-time analytics, and increase in need for prescriptive analytical models drive the prescriptive analytics market.
The size of the global market for Prescriptive Analytics is expected to reach 9.3 by 2030, expanding at a compound annual growth rate (CAGR) of 24.5%.
The report segments the prescriptive analytics market on the basis of solution, deployment model, user group, industry vertical, and geography. As per solution, the market is bifurcated into software and service. By deployment model, the market divided into on-premise and cloud. The study indicates that rising popularity of automated business decisions and massive investments done by various firms helps to expand the addressable market for prescriptive analytics. The increase in cyber-crime results in the huge data loss for an organization, influences the demand of prescriptive analytics.
The major driver for Prescriptive Analytics Market is development in advanced technologies such as Internet of Thing (IoT) and big data and rising status of real time accessibility of data for effective business applications has powered the growth of prescriptive analytics market.
Key Market Players
Few of the companies in Robotic Process Automation (RPA) market are: International Business Machines Corporation, FICO, River Logic, Inc., Ayata, Angoss Software, Profitect, Frontline, Panoratio, TIBCO Software, and NGData.
Prescriptive Analytics Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 67.25 billion|
|Growth Rate||CAGR of 24.5 % during 2022-2030|
|Segment Covered||Application, end-use, Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||IBM, Cerner Corp., Verisk Analytics, Inc., McKesson Corp., SAS, Oracle|
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Segmentation on the basis of deployment type:
Segmentation on the basis of application:
• Risk management
• Operations management
• Supply chain management
• Workforce management
Segmentation on the basis of enterprise:
• Large scale Enterprises
Segmentation on the basis of vertical:
• IT & Telecommunications
• Government & Defense
• Energy & Utilities