North America Prescriptive Analytics Market Size, Share & Trends Analysis Report By End Use, By Application, By Component, By Country and Growth Forecast, 2024 - 2031
The North America Prescriptive Analytics Market would witness market growth of 30.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Prescriptive Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,578.9 million by 2031. The Canada market is exhibiting a CAGR of 33.3% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 32.4% during (2024 - 2031).
The prescriptive analytics market encompasses the industry and ecosystem surrounding technologies and solutions that provide actionable recommendations to optimize decision-making processes. Prescriptive analytics has found applications across various industries, demonstrating its versatility and impact. Furthermore, prescriptive analytics revolutionizes personalized medicine by providing tailored treatment recommendations based on a patient’s genetic profile, medical history, and lifestyle data.
For instance, it can suggest specific drug therapies or lifestyle changes that are most likely to benefit an individual, improving patient outcomes and optimizing treatment plans. Prescriptive analytics provides actionable recommendations for managing financial risks in investment portfolios. It can suggest diversification strategies, rebalancing approaches, or hedging techniques based on market conditions, historical data, and risk tolerance, helping investors optimize returns and manage exposure.
Providing a personalized and seamless shopping experience is vital for e-commerce success in Canada. Prescriptive analytics aids in analyzing customer data, purchase history, and browsing behavior to recommend personalized product recommendations, targeted marketing campaigns, and tailored customer service interactions. Improved customer experience leads to higher customer loyalty and repeat purchases, contributing to the growth of the prescriptive analytics market. Thus, the rising e-commerce sector and the increasing regional telecommunication industry are driving the growth of the market.
Based on End Use, the market is segmented into IT & Telecom, Finance & Banking, Retail, Healthcare, Transportation & Logistics, and Other End Use. Based on Application, the market is segmented into Supply Chain Management, Risk Management, Operations Management, Marketing & Sales, Revenue Management, and Other Application. Based on Component, the market is segmented into Software and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Accenture PLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Sisense, Inc.
- Cloudera, Inc.
- Alteryx, Inc.
By End Use
- IT & Telecom
- Finance & Banking
- Retail
- Healthcare
- Transportation & Logistics
- Other End Use
- Supply Chain Management
- Risk Management
- Operations Management
- Marketing & Sales
- Revenue Management
- Other Application
- Software
- Services
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Prescriptive Analytics Market, by End Use
- 1.4.2 North America Prescriptive Analytics Market, by Application
- 1.4.3 North America Prescriptive Analytics Market, by Component
- 1.4.4 North America Prescriptive Analytics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnership, Collaboration & Agreement: 2022, May-2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Prescriptive Analytics Market by End Use
- 5.1 North America IT & Telecom Market by Country
- 5.2 North America Finance & Banking Market by Country
- 5.3 North America Retail Market by Country
- 5.4 North America Healthcare Market by Country
- 5.5 North America Transportation & Logistics Market by Country
- 5.6 North America Other End Use Market by Country
- Chapter 6. North America Prescriptive Analytics Market by Application
- 6.1 North America Supply Chain Management Market by Country
- 6.2 North America Risk Management Market by Country
- 6.3 North America Operations Management Market by Country
- 6.4 North America Marketing & Sales Market by Country
- 6.5 North America Revenue Management Market by Country
- 6.6 North America Other Application Market by Country
- Chapter 7. North America Prescriptive Analytics Market by Component
- 7.1 North America Software Market by Country
- 7.2 North America Services Market by Country
- Chapter 8. North America Prescriptive Analytics Market by Country
- 8.1 US Prescriptive Analytics Market
- 8.1.1 US Prescriptive Analytics Market by End Use
- 8.1.2 US Prescriptive Analytics Market by Application
- 8.1.3 US Prescriptive Analytics Market by Component
- 8.2 Canada Prescriptive Analytics Market
- 8.2.1 Canada Prescriptive Analytics Market by End Use
- 8.2.2 Canada Prescriptive Analytics Market by Application
- 8.2.3 Canada Prescriptive Analytics Market by Component
- 8.3 Mexico Prescriptive Analytics Market
- 8.3.1 Mexico Prescriptive Analytics Market by End Use
- 8.3.2 Mexico Prescriptive Analytics Market by Application
- 8.3.3 Mexico Prescriptive Analytics Market by Component
- 8.4 Rest of North America Prescriptive Analytics Market
- 8.4.1 Rest of North America Prescriptive Analytics Market by End Use
- 8.4.2 Rest of North America Prescriptive Analytics Market by Application
- 8.4.3 Rest of North America Prescriptive Analytics Market by Component
- Chapter 9. Company Profiles
- 9.1 Accenture PLC
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Partnerships, Collaborations, and Agreements:
- 9.2.4.2 Product Launches and Product Expansions:
- 9.2.5 SWOT Analysis
- 9.3 IBM Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional & Segmental Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Microsoft Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Oracle Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 SAP SE
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 SAS Institute, Inc.
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.7.3 SWOT Analysis
- 9.8 Sisense, Inc.
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
- 9.9 Cloudera, Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.9.3 SWOT Analysis
- 9.10. Alteryx, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Research & Development Expenses
- 9.10.4 Recent strategies and developments:
- 9.10.4.1 Partnerships, Collaborations, and Agreements:
- 9.10.5 SWOT Analysis
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