Pune, India -- (SBWIRE) -- 06/25/2018 -- Market Highlights

In this rapidly changing environment, demand for workforce optimization is ever increasing. The increasing demand for integrated high performance software is driving the prescriptive analytics market. Recently a trend towards digital transformation and internet of things (IoT) is observed, this is one of the driving forces of Prescriptive market.

The growing adoption of cloud is one of the major reason that exhibits the growth of the Prescriptive Analytics Market. According to the study it has been observed that most of the businesses are adopting cloud based services due to the numerous facilities that includes real time entities, the remote access and among others. The study also indicates that small business units has witnessed highest adoption rate as compared to large business units.

The Prescriptive Analytics provides many advantages such as revenue generation, gross margin management and others. These advantages are also responsible for the adoption of Prescriptive Analytics by different organizations. The study indicated that by the rising cyber security threats, the security concerns related to software solutions segment prescriptive analytics would result as the restraining factor for the Prescriptive Analytics market.

It has been observed that continuous developments are carried out to make more advancements to the Prescriptive Analytics. As per a recent news in August 2016, River cloud partnered with GitaCloud to provide "Planning and Decision Analytics" to various industry verticals such as automotive, pharmaceutical consumer goods, and other manufacturing sectors in the North American and APAC markets.

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The Prescriptive Analytics Market is growing rapidly over 22.7% of CAGR and is expected to reach at USD ~2.47 Billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "The Prescriptive Analytics Market Research Report -Forecast to 2022".

Key Players

The prominent players in the Prescriptive Analytics Market are – FICO (U.S.), Ayata (U.S.), IBM Corporation (U.S.), River Logic, Inc. (U.S.), Angoss Software (U.S.), Frontline (U.S.), Profitect (U.S.), Panoratio (Germany), TIBCO Software (U.S.), NGData (Belgium) and among others.

Segments:

Prescriptive Analytics market is segmented on the basis of component, application, deployment, business sector, and vertical.

Prescriptive Analytics by Components:

- Software
- Services

Prescriptive Analytics by Application:

- Operation Management
- Revenue Management
- Network Management
- Supply Chain Management
- Others

Prescriptive Analytics by Deployment:

- On-Cloud
- On Premise

Prescriptive Analytics by Organization Type:

- SME
- Large Business Units

Prescriptive Analytics by Business Sector:

- HR
- Marketing
- Finance
- Operations
- Sales

Prescriptive Analytics by Vertical:

- Manufacturing
- BFSI
- IT/ITES
- Healthcare
- Transportation
- Government

Regional Analysis:

The regional analysis of Prescriptive Analytics Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America region is dominating the Prescriptive Analytics Market owing to factors such as increased internet penetration and technological advancements. The study also indicates that cloud deployment is a driving factor for Asia-Pacific region to grow significantly in the prescriptive analytics market by the forecast period. Apart from it the rising adoption of IT services is also driving the prescriptive analytics market.

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Intended Audience

- Government Organizations
- Business Analytics Software Providers
- Enterprise users
- Commercial users
- Cloud Service Providers
- IT Service Providers
- Application Design and Software Developers
- Software Vendors
- Industrial users
- Technology investors
- System Integrators
- Research/Consultancy firms
- Independent

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