Predictive and Prescriptive Analytics Market is expected to exceed US$ 16.84 Billion by the end of 2023 – Oracle, SAP SE, IBM, Microsoft, Accenture, Teradata, Salesforce

Marketprognosis.com Publish a New Market Research Report On “Global Predictive and Prescriptive Analytics Market - Segmented By End -User (BFSI, Healthcare, Retail), and Geography - Growth, Trends, and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Predictive and Prescriptive Analytics Market:

The Global Predictive and Prescriptive Analytics Market was valued at USD 5.52 Billion in 2017, and is projected to reach a value of USD 16.84 Billion by the end of 2023, at a CAGR of 20.43% over the forecast period, 2018-2023.

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Predictive analytics is the practice of extracting information from existing data. It helps users determine and understand the buying patterns of customers, and predict future trends for an organization. Prescriptive analytics is another branch of advanced analytics, dedicated to obtaining the best course of action for a presented situation. Prescriptive analytics is associated with both descriptive and predictive analytics. The growing demand for consumer goods, indirectly boosts the adoption rate of predictive & prescriptive analytics tools, due to the fact that many retail organizations and online retail stores are using this software to analyze, predict, and provide a solution for any demanding situation. All major sectors, such as BFSI and healthcare, use predictive analytics for the development of effective methods for managing customer relationships, predicting end-user behavior, and improving customer loyalty, and retention policies.

Globally, there has been a tremendous growth in the consumer goods market. Consumers demand better and more advanced technologies to make their lives easier. For instance, the trends in the smartphone market suggest the dynamism of consumer preferences. Globally, emerging countries, such as India and China, constitute the growth of the consumer goods market, due to the high penetration of internet and rapid urbanization. The increasing demand for consumer goods creates a need for major vendors in the retail space, to focus on customer retention and attracting new customers with effective and substantiated marketing techniques, backed by relevant data. Prescriptive and predictive analytics provide the ultimate platform to understand consumer behavior and sentiments, capable of influencing their purchasing patterns, which plays a critical role in redefining consumer preferences and marketing techniques of leading international conglomerates.

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Major Key Players:

1 Oracle Corporation

2 SAP SE

3 IBM Corporation

4 Microsoft Corporation

5 SAS Institute Inc.

6 Accenture PLC

7 Infor Inc.

8 Teradata Corporation

9 Angoss Software Corporation

10 Salesforce

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Predictive and Prescriptive Analytics Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Predictive & Prescriptive Analytics Market Segmentation

6 Competitive Intelligence - Company Profiles

7 Investment Analysis

8 Outlook of the Predictive & Prescriptive Analytics Market

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