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Prescriptive Analytics Market by Component, Data Type, Application, Business Function, Deployment Model, Vertical, and Region - Global Forecast to 2021

Prescriptive Analytics Market: Global Forecast until 2021

  • January 2017
  • 150 pages
  • ID: 4608259
In this report:
APAC is expected to account for ##.##% of the overall market share in 2016, whereas MEA and Latin America are expected to capture ##.##% and ##.##%, respectively, in the overall prescriptive analytics market.
The revenue management in APAC is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at an estimated CAGR of ##.##%, followed by MEA expanding at a CAGR of ##.##%.


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Emergence of advanced technologies including big data and IoT is one of the drivers for the increase ot the prescriptive analytics market

The prescriptive analytics market size is forecasted to grow from ~$1.2B in 2016 to ~$4.6B by 2021, at a CAGR of 31.70 percent. Emergence of advanced technologies including, big data and IoT and growing popularity of real-time accessibility of info for efficient business applications has fueled the increase of prescriptive analytics solutions. Nevertheless, complex analytical workflow and dynamic nature of data are acting as the restraining factors for the prescriptive analytics market.

Software component is anticipated to be the fastest-growing segment in the prescriptive analytics market

The prescriptive analytics software benefits the company in decision making based on the historical and projected scenarios. Prescriptive analytics software uses the outcomes from predictive analytics and generates alternative solutions, which can be used to reach businesses objectives. Moreover, the prescriptive analytics solution allows institutions to rise efficiency and to save global operational costs.

Asia-Pac is forecasted to have the maximum growth rate in the prescriptive analytics market by area

Asia-Pac is forecasted to grow at the highest compound annual growth rate (CAGR) during the outlook period. The developing APAC market is poised to grow, as the developing economies, including India, China (CN), Australia (AU), and New Zealand (NZ) are aggressively adopting the prescriptive analytics technologies to stay ahead in the competition. The territory would be looking to rise the adoption of advanced analytical technology owing to flexible government policies, regulations, and control, competing with the international sectors in terms of quality and pricing. The Asia-Pac market will also be a booming market as it is experiencing a lot of new entrepreneurial set-ups, which would be looking forward to acquire new customers and obtain customer trust by involving new paradigms of advanced analytics to have a challenging advantage over the established actors.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. Distribution of profile of primary members taking part is like:

- By Organization: Tier 1 - 53 %, Tier 2 -22.0 percent, and Tier 3 -25.0 percent

- By Description: C-suite - 40.0 percent, D-level - 27.0 percent, and Others - 33.0 percent

- By area: North america (NA) - 65.0 percent, Europe - 20.0 percent, and APAC - 15.0 percent

Scope of the Report:

The document breaks down the prescriptive analytics market based on component, which comprises software and services; data types including unstructured, semi-structured, and structured; application including risk management, operation management, revenue management, network management, supply chain management, workforce management, and others; business functions contain HR, sales, marketing, finance, and operations; deployment models including on-premises and on-demand; verticals including healthcare & life sciences, Banking, Financial services and Insurance (BFSI), IT & Telecommunication, retail & consumer goods, media & entertainment, manufacturing, energy & utility, travel & hospitality, transportation & logistics, government & defense, and others; and regions including North America, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and Latin America area.

Why Purchasing This Study Can Help You:

- To get a comprehensive overview of the overall prescriptive analytics market.

- To benefit wide-ranging information about the top actors in this market sphere, their products review, and top strategies approved by them.

- To benefit insights of the main countries/localities in which the prescriptive analytics market is flourishing in different industries.

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