Prescriptive analytics is a part of business analytics which helps to find the best course of action for a given situation. It is an analytical tool which is connected to both predictive analysis and descriptive. Moreover, it helps to suggest decision options, mitigate future risk and take in new data to re-predict and re-prescribe better decision options. Prescriptive analytics is a technology that powers analytics techniques such as descriptive analytics, predictive analytics, and diagnostic analytics to deliver possible outcomes for a provided situation. The major factor driving the market of prescriptive analysis is developed in advanced technologies such as big data, IoT and growing access to real-time availability of data and services for several business application. Moreover, growing rate of cyber-crimes which resulted in a growing requirement for crime prediction and prevention and the increasing popularity of automated business decision implemented across many organization verticals are enhancing the growth of this market. Nevertheless, lack of trained professionals, complex analytical workflow, high cost of investment, and issues related to data integrity and safety concerns are some of the restraining factors hindering the growth of this market.
The Prescriptive Analytics Market is projected to grow up to US$ 52.70 billion by 2028 growing at a CAGR of 14.8% during the forecasting period 2023-2028
Report Scope
The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.
Major Market Players
The key players of the market are IBM Corporation, FICO, River Logic, Inc., Ayata, Angoss Software, Profitect, Frontline, Panoratio, TIBCO Software, and NGData .
The Prescriptive Analytics Market report has been categorized as below
By Deployment Mode
By Data Type
By Business Functions
By Industry Vertical
By Component
By Region
The years considered for the study are as follows:
Key Questions Addressed by the Report
Why Buy this Report:
1. Risk Analytics Market Introduction
1.1. Key Insights
1.2. Report Overview
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.4. Market Size Estimation
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Drivers and Restraints
5. By Deployment Mode
5.1. Key Points
5.2. Cloud
5.3. On-premises
6. By Data Type
6.1. Key Points
6.2. Unstructured Data
6.3. Semi-Structured Data
6.4. Structured Data
7. By Business Functions
7.1. Key Points
7.2. Human resources (HR)
7.3. Marketing
7.4. Sales
7.5. Finance
7.6. Operations
8. By Industry Vertical
8.1. Key Points
8.2. Healthcare
8.3. BFSI
8.4. IT & Telecommunications
8.5. Retail
8.6. Media & Entertainment
8.7. Manufacturing
8.8. Energy & Utilities
8.9. Transportation & Logistics
8.10. Government
8.11. Others
9. By Component
9.1. Key Points
9.2. Software
9.3. Service
9.3.1. Professional Service
9.3.2. Managed Service
10. By Region
10.1. Key Points
10.2. North America
10.3. Europe
10.4. Asia Pacific
10.5. Rest of the World
11. Company Profile
(Profile contain company overview, products/services, financials & recent developments)
11.1. IBM Corporation
11.2. FICO
11.3. River Logic, Inc.
11.4. Ayata
11.5. Angoss Software
11.6. Profitect
11.7. Frontline
11.8. Panoratio
11.9. TIBCO Software
11.10. NGData
The Prescriptive Analytics Market report has been categorized as below
By Deployment Mode
By Data Type
By Business Functions
By Industry Vertical
By Component
By Region
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