Predictive and Prescriptive Analytics Market Size to Reach USD 64.58 Billion by 2028 | Global Analysis, Industry Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research
Vancouver, British Columbia, Jan. 28, 2021 (GLOBE NEWSWIRE) — The predictive and prescriptive analytics market is forecast to reach a market size of USD 64.58 Billion by 2028, and register a steady CAGR of 25.4%, over the forecast period, according to latest analysis by Emergen Research. Growing usage of predictive and prescriptive analytics for inventory planning is a major factor driving growth of the global predictive and prescriptive analytics market, and this trend is expected to continue to gain traction during the forecast period. In addition, rising adoption of predictive and prescriptive analytics for remote monitoring in the healthcare industry is expected to further fuel growth of the predictive and prescriptive analytics market during the forecast period. Increasing use of competitive intelligence systems is also expected to fuel growth of the predictive and prescriptive analytics market to a significant extent.
Claim Your FREE Sample Copy with Table of [email protected] https://www.emergenresearch.com/request-sample-form/490Concerns regarding data security of predictive and prescriptive analytics solutions is a primary factor expected to hamper preference and adoption, and in turn impact growth of the predictive and prescriptive analytics market to a certain extent over the forecast period.Key Highlights in the ReportIncreasing implementation of on-premises-based predictive and prescriptive analytics solutions to gain better control of data and reduce data theft risks is another key factor driving deployment of solutions, and in turn, revenue growth of the on-premises segment. Revenue from this segment is expected to expand at a steady CAGR of 25.2% over the forecast period.Due to increasing usage of business analytics and intelligence solutions to measure marketing campaign efforts and understand customer behavior, revenue from the sales & marketing segment is projected to register significant growth over the forecast period.Growing utilization of predictive analysis to detect fraudulent activities at an early stage is expected to result in significant high revenue growth for the BFSI segment over the forecast period.Due to increasing demand for predictive analytics solutions for market demand forecasting, quality improvement, and preventive maintenance in manufacturing industry in countries in Asia Pacific, the market in the region is expected to register a significantly growth rate in terms of revenue during the forecast period.Key market participants include Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, SAP SE, SAS Institute Inc., Salesforce.com, Inc., Qliktech Inc., Tableau Software, Inc., TIBCO Software Inc., and Pegasystems Inc.In January 2021, Information Builders Inc. was acquired by TIBCO Software Inc. Through this acquisition TIBCO will strengthen data analytics solutions portfolio.Check Our [email protected] https://www.emergenresearch.com/select-license/490
Emergen Research has segmented the predictive and prescriptive analytics market on the basis of type, deployment, application, end-use, and region.Type Outlook (Revenue, USD Billion; 2021–2028)ServicesSolutionsCustomer relationship managementFraud detectionRisk managementPerformance managementDeployment Outlook (Revenue, USD Billion; 2021–2028)On-premisesCloudApplication Outlook (Revenue, USD Billion; 2021–2028)Human resourceTalent analyticsSales & marketingMarketing analyticsBehavioral analyticsFinanceCollection analyticsOperationsDistribution managementInventory planningOthersEnd-use Outlook (Revenue, USD Billion; 2021–2028)RetailTelecommunicationMiningEnergyManufacturingHealthcareAutomotiveGovernmentDefenseBFSILogisticsEntertainmentSportsGamingOthersClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/predictive-and-prescriptive-analytics-marketRegional Outlook (Revenue, USD Billion; 2021–2028)North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaIndiaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:AI-Enabled Medical Imaging Solutions Market By Product (Software, Hardware), By Workflow (Image Acquisition, Image Analysis, Reporting, and Communication), By Therapeutic Application (General Imaging, Specialty Imaging), By Deployment Mode, By Modality, and By Region, Forecasts to 2027Smart Factory Market By Component (Industrial Robotics, Sensors, Control Devices, Industrial Network, Machine Vision), By Solution (PLC, PLM, MES, ERP, SCADA), By Industries (Process Industries and Discrete Industries), Forecasts to 2027Smart Manufacturing Market By Information Technology (Manufacturing Execution System, Industrial Communication), By Enabling Technology (Industrial Robotics, IIoT), By Industry (Aerospace & Defense, Automotive), Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkdIn | Twitter | BlogsRead Full Press [email protected] https://www.emergenresearch.com/press-release/global-predictive-and-prescriptive-analytics-market