Global Prescriptive Analytics
Market Report
2024
The global Prescriptive Analytics Market size is USD 10.6 billion in 2024. The Prescriptive Analytics Market will show strongest growth with a compound annual growth rate (CAGR) of 5.7 from 2024 to 2031. The growing need for data-driven decision-making across industries is driving the prescriptive analytics market.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Prescriptive Analytics Market size is USD 10.6 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.7 from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Prescriptive Analytics Market Sales Revenue 2024 | $ 10.6 Billion |
Global Prescriptive Analytics Market Sales Revenue 2030 | $ 16.33 Billion |
Global Prescriptive Analytics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Vertical |
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Market Split by Application |
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Market Split by Organization Size |
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Market Split by Deployment |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Prescriptive Analytics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Prescriptive Analytics involves advanced data analysis techniques that recommend actions to optimize outcomes and guide decision-making. Unlike descriptive or predictive analytics, it not only forecasts future scenarios but also suggests actionable strategies to achieve desired results. Key market growth drivers include the increasing volume of data, the need for data-driven decision-making, and advancements in machine learning and artificial intelligence. Organizations seek prescriptive analytics to enhance operational efficiency, mitigate risks, and improve financial performance. The growing adoption across various industries, including BFSI, healthcare, and retail, fuels the market’s expansion, driven by the need for actionable insights and strategic guidance.
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In September 2021, Infor introduced its next-generation hospitality management solution, emphasizing mobile capabilities to deliver highly personalized guest services. (Source:https://www.infor.com/news/infor-next-gen-hospitality-management#:~:text=NEW%20YORK%20%E2%80%93%20Sept.,Infor%20Hospitality%20suite%20of%20solutions.)
Top Companies Market Share in Prescriptive Analytics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the prescriptive analytics market due to its advanced technological infrastructure, high adoption rates of analytics solutions, and strong presence of key market players. The U.S. and Canada lead in innovation and investment in analytics technologies, benefiting from robust data ecosystems and a strong focus on digital transformation across industries like BFSI, healthcare, and retail. Additionally, the region's early adoption of cloud and AI technologies further solidifies its market leadership.
Asia-Pacific is expanding at the fastest CAGR in the prescriptive analytics market. Rapid economic growth, increasing digitalization, and rising investments in IT infrastructure drive this expansion. Countries like China, India, and Japan are seeing significant adoption of analytics solutions to enhance business operations, optimize supply chains, and manage risks. The region's diverse industries, including manufacturing, retail, and finance, are fueling demand for prescriptive analytics to gain a competitive edge and drive informed decision-making.
The current report Scope analyzes Prescriptive Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Prescriptive Analytics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Prescriptive Analytics Industry growth. Prescriptive Analytics market has been segmented with the help of its Vertical, Application Organization Size, and others. Prescriptive Analytics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Retail and eCommerce is a vital vertical in the prescriptive analytics market, focusing on enhancing customer experiences, optimizing inventory, and maximizing sales. Prescriptive analytics in this sector helps retailers make data-driven decisions about pricing, promotions, and supply chain management. By analyzing customer behavior and market trends, retailers can personalize recommendations, forecast demand, and streamline operations. This leads to improved customer satisfaction and operational efficiency, ultimately driving revenue growth and competitive advantage. The integration of prescriptive analytics in retail and eCommerce empowers businesses to adapt swiftly to changing market dynamics and consumer preferences.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Prescriptive Analytics from 2019 to 2031. This will also help to analyze the demand for Prescriptive Analytics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Prescriptive Analytics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Prescriptive Analytics Market is witnessing significant growth in the near future.
In 2023, the BFSI segment accounted for noticeable share of global Prescriptive Analytics Market and is projected to experience significant growth in the near future.
The Risk Management segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM(US) , Salesforce(US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Vertical | BFSI, Retail and eCommerce, Media and Entertainment, Manufacturing, Travel and Hospitality, Energy and Utilities, Telecom and IT, Transportaion and Logistics, Healthcare and Life Sciences, Government and Defense, Others (Agriculture, Academics and Research) |
Application | Risk Management, Operation Management, Revenue Management, Network Management, Workforce Management, Supply Chain Management, Others (Asset Management, Customer Relationship Management) |
Organization Size | Large enterprises, Small and medium-sized enterprises (SMEs) |
Deployment | Cloud, On-premises |
Component | Software, Services, Professional Services, Managed Services |
List of Competitors | IBM(US), Microsoft(US), Salesforce(US), SAP(Germany), SAS Institute(US), Talend(US), FICO(US), Ayata(US), Altair(US), Alteryx(US), Tibco(US), Sisense(US), Infor(US), Rapidminer(US), Improvado(US), Frontline Systems(US), Zebra(England), River Logic(US), Logi Analytics(US), Happiest Minds(India), Stitch Data(US), Mitek Analytics(US), Netformx(US), Panorat.io(US). |
This chapter will help you gain GLOBAL Market Analysis of Prescriptive Analytics. Further deep in this chapter, you will be able to review Global Prescriptive Analytics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vertical Analysis 2019 -2031, will provide market size split by Vertical. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vertical Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Organization Size Analysis 2019 -2031
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Chapter 13 Market Split by Deployment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Component Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Prescriptive Analytics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why BFSI have a significant impact on Prescriptive Analytics market? |
What are the key factors affecting the BFSI and Retail and eCommerce of Prescriptive Analytics Market? |
What is the CAGR/Growth Rate of Risk Management during the forecast period? |
By type, which segment accounted for largest share of the global Prescriptive Analytics Market? |
Which region is expected to dominate the global Prescriptive Analytics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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