Global Prescriptive Analytics Market 2024-2028
Prescriptive Analytics Market 2024-2028
The prescriptive analytics market is forecasted to grow by USD 9026.1 mn during 2023-2028, accelerating at a CAGR of 22.9% during the forecast period. The report on the prescriptive analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for predictive analytics, growing availability and complexity of data, and growing need to improve business efficiency.
Technavio's prescriptive analytics market is segmented as below:
By Solution
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the application of machine learning in prescriptive analytics as one of the prime reasons driving the prescriptive analytics market growth during the next few years. Also, increasing use of iot and need for real-time data analysis and vendors strategies will lead to sizable demand in the market.
The report on the prescriptive analytics market covers the following areas:
- Prescriptive Analytics Market sizing
- Prescriptive Analytics Market forecast
- Prescriptive Analytics Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading prescriptive analytics market vendors that include Altair Engineering Inc., Alteryx Inc., Ayata, Fair Isaac Corp., Frontline Systems Inc., Improvado Inc., International Business Machines Corp., Koch Industries Inc., Logi Analytics Inc., Microsoft Corp., QlikTech international AB, RapidMiner Inc., River Logic Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Talend Inc, TIBCO Software Inc., and Zebra Technologies Corp.. Also, the prescriptive analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.