Predictive and Prescriptive Analytics Market 2021 Precise Outlook - Oracle Corporation, SAP SE, International Business Machines (IBM) Corporation

The Predictive and Prescriptive Analytics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The predictive and prescriptive analytics market was valued at USD 10.01 million in 2020 and expected to reach USD 29.97 million by 2026 and grow at a CAGR of 20.7% over the forecast period (2021 - 2026).

Get Free Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/02082591645/predictive-and-prescriptive-analytics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=AD                                                       

Top Leading Companies of Predictive and Prescriptive Analytics Market are Oracle Corporation, SAP SE, International Business Machines (IBM) Corporation, Microsoft Corporation, SAS Institute Inc., Infor Inc., Teradata Corporation, Angoss Corporation, Salesforce.com and others.

Key Market Trends

North America is Expected to Hold Major Market Share

- The United States leads the North American market for predictive and prescriptive analytics, owing to early and heavy usage of advanced analytics across the majority of its industries. The retail sector in the country is flourishing rapidly. According to the NRF (National Retail Federation), in 2017, for each company closing a store, 2.7 companies were opening stores. This places increased importance on in-store analytics.
- The retail e-commerce sales in the country are expected to increase to USD 735.36 billion by 2023, from USD 504.58 billion in 2018. This has made retailers use predictive analytics to gain a competitive advantage. For instance, the e-commerce leader, Amazon, uses predictive analytics to know exactly what products people buy, browse, and return. Amazon applies deep, data-driven insights to predictive analytics, to make decisions on its product assortment strategy. Using predictive analytics helps Amazon maximize sales, by filling its store shelves and endless aisles online with the merchandise shoppers want.
- According to the National Academy of Medicine, the US healthcare system spends USD 750 billion on unnecessary services. Predictive analytics can reduce the wastage of money and save up to 15% of its budget, by analyzing the likelihood of the particular patient being subjected to a specific disease.

Regional Outlook of Predictive and Prescriptive Analytics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082591645/predictive-and-prescriptive-analytics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=AD                                                               

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Predictive and Prescriptive Analytics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com).

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.