DUBLIN--(BUSINESS WIRE)--The "Prescriptive Analytics Market by Component Deployment Business Function and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to this report, the prescriptive analytics market size was valued at $1,968.4 million in 2018, and is projected to reach $12.35 billion by 2026, growing at a CAGR of 26.6% from 2019 to 2026.
Prescriptive analytics in among one of the data analytics type that uses various analytics algorithms to derive accurate solution to an issue. For example, a prescriptive analytics model used in predictive maintenance provides accurate solution for any damage with insights on how and what to repair with alternative ways. The need for prescriptive analytics is increasing owing to its diversified application areas such as marketing, business operations, and supply chain. This, in turn, is expected to boost the growth of the global prescriptive analytics market during the forecast period across the globe. Primarily prescriptive analytics is used to help businesses with data-driven decision models through analysis of raw enterprise data.
Businesses across the globe are inclined toward digital analytics owing to advent of digitalization. This, in turn, rises the demand for sophisticated analytical solutions that offer features such as descriptive and predictive analytics. Thus, growth in adoption of comprehensive market analytics solutions among enterprises across the globe is a major factor expected to drive the market during the forecast period. Moreover, emergence of advance technologies has proliferated disruptive innovations led by analytics in business processes such as automation of business processes. This need is expected to propel the growth of the market.
However, high initial cost required for deployment of advance systems and analytical solutions is a factor that is expected to hamper the market growth. Furthermore, emergence of technologies compels market players to research and develop new enhancements and innovative prescriptive analytical solutions. This has led to the rise in ICT expenditure toward development of big data infrastructure among various countries. This is an opportunistic factor of the market, which is expected to boost the growth of the market during the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the prescriptive analytics market trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analyses on the global prescriptive analytics market size is provided.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the global prescriptive analytics industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the global prescriptive analytics market potential.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping The Global Prescriptive Analytics Market
3.3. Value Chain Analysis
3.4. Market Dynamics
188.8.131.52. Growing Need For Comprehensive Market Analytics Solutions
184.108.40.206. Emergence Of Advanced Technologies Such As Big Data And Iot
220.127.116.11. Growing Demand For Cloud-Based Predictive Analytics
18.104.22.168. High Cost Of Investment And Complex Analytical Workflow
22.214.171.124. Rise In Ict Expenditure Towards Developing Big Data Infrastructure
126.96.36.199. Growing Adoption In Cybercrime Prediction And Prevention
3.5. Industry Roadmap Of Prescriptive Analytics
3.6. Analytics Value Curve In Business Transformation
3.7. Impact Of Government Regulations On The Global Prescriptive Analytics Market
Chapter 4: Global Prescriptive Analytics Market, By Component
Chapter 5: Global Prescriptive Analytics Market, By Deployment
Chapter 6: Global Prescriptive Analytics Market, By Business Function
6.6. Human Resources
Chapter 7: Global Prescriptive Analytics Market, By Industry Vertical
7.4. It And Telecommunications
7.6. Media And Entertainment
7.8. Energy And Utilities
7.9. Transportation And Logistics
Chapter 8: Global Prescriptive Analytics Market, By Region
8.2. North America
Chapter 9: Competitive Landscape
9.1. Key Player Positioning Analysis, 2018
9.2. Top Winning Strategies
9.3. Competitive Dashboard
9.4. Key Developments
9.5. Patent Analysis
9.6. Case Studies
Chapter 10: Company Profiles
10.1. Fair Isaac Corporation
10.2. International Business Machines Corporation
10.4. Oracle Corporation
10.5. River Logic, Inc.
10.6. Salesforce.Com, Inc.
10.7. Sap Se
10.8. Sas Institute Inc.
10.9. Teradata Corporation
10.10. Tibco Software Inc.
For more information about this report visit https://www.researchandmarkets.com/r/qa6les