Prescriptive Analytics Market vendors by Share & Growth Strategies – 2021 | MarketsandMarkets

[148 Pages Report] Prescriptive analytics market categorizes the global market by software, service, data type, application, business function, deployment model, vertical and by region.

Prescriptive Analytics Market

Northbrook, IL 60062, USA, 2020-Aug-25 — According to a research report Prescriptive Analytics Market by Component (Software and Service), Data Type (Unstructured, Semi-Structured, and Structured), Application, Business Function, Deployment Model, Vertical, and Region – Global Forecast to 2021″, The prescriptive analytics market is estimated to grow from USD 1.16 Billion in 2016 to USD 4.58 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.7%. Emergence of advanced technologies such as big data & IoT and rising popularity of real-time accessibility of data for efficient business applications are the key driving forces of the prescriptive analytics market.

Browse 79 market data tables and 45 figures spread through 148 pages and in-depth TOC on “Prescriptive Analytics Market – Global Forecast to 2021″

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North America is expected to dominate the prescriptive analytics market during the forecast period

The prescriptive analytics market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest share of the prescriptive analytics market in 2016 due to the presence of large enterprises, technical experts, and growing demands for prescriptive analytics solutions in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The region would be looking to increase the adoption of advance analytical technology owing to flexible government policies, regulations and control, competing with the international markets in terms of quality and pricing.

Market Players

The report also encompasses different strategies, such as acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include IBM Corporation (U.S.), FICO (U.S.), River Logic, Inc. (U.S.), Ayata (U.S.), Angoss Software (U.S.), Profitect (U.S.), Frontline (U.S.), Panoratio (Germany), TIBCO Software (U.S.), and NGData (Belgium).

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IBM (US) is an established global player offering dedicated software, hardware, and related services. The company has been continuously innovating in big data and analytics sector and also in cloud, mobile, social, and security. Furthermore, IBM has been developing and acquiring the necessary capabilities to lead in data and analytics, deepening its expertise in the field of analytics. IBM Corporation while seeking overall growth; relies on betterment and expansion of its strategic imperatives. Fueled by explosion of mobile devices, social media, connected devices, and the infusion of technology in all aspects of business, data is recognized as the global new natural resource.

River Logic, Inc., developer of enterprise planning and optimizing software solutions, provides prescriptive planning and performance management platform. The company has been bringing new upgradations in the prescriptive analytics market that is testament to the fact about its dedication to have a strong hold in the market. River Logic partnered with various companies as a part of their inorganic strategy to improve their dominance in the global advanced analytics market.

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