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Prescriptive Analytics Market Worth 4.58 Billion USD by 2021

PUNE, India, January 9, 2017 /PRNewswire/ --

According to a new market 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", published by MarketsandMarkets, the 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%.

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Browse 79 market data Tables and 45 Figures spread through 148 Pages and in-depth TOC on "Prescriptive Analytics Market"

http://www.marketsandmarkets.com/Market-Reports/prescriptive-analytics-market-237458480.html 

Early buyers will receive 10% customization on this report.

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.

Supply chain management application is expected to grow at the highest CAGR during the forecast period 

The supply-chain management solutions are deployed by various businesses operating under verticals such as wholesale, retail, telecom & IT, and manufacturing among others. Supply-chain management solutions help to manage the requirements generated by these businesses. Massive amount of data is generated across the industry from procurement of raw material till its sourcing to manufacturing. Organizations are facing challenges in managing these complexities and thus, are using prescriptive analytics to address the projected demands of its clients and end-users.

The on-demand deployment model to grow at the highest CAGR during the forecast period 

The market by deployment model has been segmented into on-premises and on-demand model. The on-demand deployment model is expected to witness the highest CAGR during the forecast period. It will gain traction in the coming years owing to the cost-effectiveness, agility, and affordability it offers to the end customer.

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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.

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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).

Browse Related Report 

Big Data Market by Component (Software and Services), Type (Structured, Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America, Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/big-data-market-1068.html

Predictive Analytics Market by Business Function, Applications (Risk Management, Operations Management, Sales Management, Supply Chain Management, Workforce Management), Organization Size, Deployment Model, Vertical, & by Region - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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