Press release
Prescriptive Analytics Market Set for 24% CAGR Surge, Reaching USD 42.97 Billion by 2031 | SkyQuest Technology
Skyquest Technology
Prescriptive Analytics Market [https://www.skyquestt.com/report/prescriptive-analytics-market] size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 7.69 billion in 2023 to USD 42.97 billion by 2031, at a CAGR of 24% during the forecast period (2024-2031).
Businesses and organizations that use descriptive analytics tools and solutions are better positioned to develop predictive and prescriptive analytics solutions. They make better use of these solutions because firms can forecast using previous data and run algorithms. Prescriptive analytics enables businesses to personalize customer experiences by analyzing their data, preferences, and behavior patterns. This enables businesses to provide targeted marketing campaigns, personalized advice, and tailored product offerings.
Download a detailed overview:
https://www.skyquestt.com/sample-request/prescriptive-analytics-market
Top Player's Company Profiles
* IBM (US)
* Microsoft (US)
* Salesforce (US)
* SAP (Germany)
* SAS Institute (US)
* FICO (US)
* Ayata (US)
* Altair (US)
* Alteryx (US),
* Sisense (US)
* Happiest Minds (India)
* Zebra (England)
* RapidMiner (US)
* Qlik (US)
* River Logic (US)
* Frontline Systems (US)
* Netformx (US)
* Mitek Analytics (France)
* Panorat.IO (US)
* BOARD International (Switzerland)
* Domo, Inc. (US)
Pioneering Decision-Making: Revolution of Prescriptive Analytics in Modern Business Dynamics
The global prescriptive analytics market is also driven by the high pace of acceptance of AI-driven decision-making solutions across industries. The value of prescriptive analytics is slowly being understood by organizations. It helps the organization to optimize operations and enhance customer experiences to gain a competitive edge. This trend enables organizations to drive data-driven decisions in real-time. It allows them to respond rapidly to the changing market conditions. With the innovations in machine learning and big data technology, prescriptive analytics has become more accessible and less expensive, which also makes it appealing to more types of companies. Huge growth is henceforth expected in the prescriptive analytics market during the upcoming years.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/prescriptive-analytics-market
Segments covered
Component
Software, Services (Professional Services, Managed Services)
Deployment Mode
Cloud, On-premises
Organization size
Large Enterprises, Small & Medium Enterprises (SMEs)
Application
Risk Management, Operation Management, Revenue Management, Network Management, Workforce Management, Supply Chain Management, Others (Asset Management, Customer Relationship Management)
Business function
HR, Sales, Marketing, Finance, Operation
Data type
Unstructured, Semi-structured, Structured
Vertical
BFSI, Retail and eCommerce, Media and Entertainment, Manufacturing, Travel and Hospitality, Energy and Utilities, Telecom and IT, Transportation and Logistics, Healthcare and LifeSciences, Government and Defense, Others (Agriculture, Academics, and Research)
Strategic Insights: Competitive Dynamics in Prescriptive Analytics
The Business of prescriptive analytics is highly competitive. There are some key competitors in this business who deploy very high-end artificial intelligence and machine learning for prescriptive decisions. Big businesses that lie in this field are IBM, SAS, and Microsoft, with them focusing on increasing real-time decision-making capability and using big data technologies. New entrants are seen as driving innovation and often lower the technological barriers to offer much domain-focused specialized solutions. The impetus in an industry that is consistently changing is to build strategic partnerships and technological breakthroughs for maintaining a competitive edge.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/prescriptive-analytics-market
Key Developments in Prescriptive Analytics for Enhanced Decision-Making
* May 2024: The partnership of Charlee.ai and ICEYE will be directed at enhancing the monitoring of floods and claims processing within Property & Casualty insurance. In this collaborative partnership, AI and satellite imagery combine to increase the efficiency of flood detection, risk assessment, and processing of claims on both sides: insurers and policyholders.
* June 2024: Neo4j and Snowflake have formed a strategic partnership to incorporate Neo4j graph data science into the Snowflake AI Data Cloud. This collaboration is making complex data analysis more convenient by allowing users to execute over 65 graph algorithms natively in the environment of Snowflake via SQL, allowing companies to gain deeper insights with greater speed and to make faster decisions for competitive advantage. This is done by eliminating the need for data transfer between platforms.
* April 2024: FICO and Atto formed a strategic partnership to harness Open Banking data to improve credit risk assessments. By combining FICO's analytics and risk modeling skills with Atto's Open Banking technology, the collaboration wants to develop predictive models that provide lenders with more accurate and up-to-date information about borrower behavior.
Analyzing Competitive Landscape of Prescriptive Analytics Market
The prescriptive analytics industry has grown rapidly in recent years, owing to increased demand for data-driven decision-making in various industries. The market is predicted to expand rapidly in the coming years, with a CAGR that indicates a strong upward trend. The prescriptive analytics sector has huge development potential. It also faces challenges such as concerns about data security, the requirement for qualified workers, integration issues, economic constraints, and cultural resistance to change.
Related Reports:
Cyber Security Market [https://www.skyquestt.com/report/cyber-security-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=prescriptive-analytics-market-set-for-24-cagr-surge-reaching-usd-4297-billion-by-2031-skyquest-technology]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/prescriptive-analytics-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Prescriptive Analytics Market Set for 24% CAGR Surge, Reaching USD 42.97 Billion by 2031 | SkyQuest Technology here
News-ID: 3645483 • Views: …
More Releases from ABNewswire
Medicus Pharma Ltd. (NASDAQ: MDCX) Builds Momentum With Antev Acquisition and Pi …
In the biotech sector, meaningful news often serves as the spark that brings smaller companies into sharper investor focus. Clinical readouts, regulatory decisions, and strategic acquisitions can materially shift the outlook for a business that may have otherwise flown under the radar. These developments not only shape the future of a company's pipeline but can also reframe its value proposition in the eyes of the market. For investors, recognizing when…
Connecticut Waterproofing Services Leader Marks Nearly Five Decades of Reliable …
Eastern Waterproofing Co. Inc celebrates nearly 48 years of family-operated service in Connecticut, specializing in moisture control and basement dehumidification solutions for South Windsor, Hartford, and surrounding communities.
Eastern Waterproofing Co. Inc continues to set industry standards after nearly 48 years of providing dependable waterproofing services [https://maps.app.goo.gl/EhJ6zW2hAXsGnFdp9] throughout Connecticut. The South Windsor-based company has maintained its family-operated foundation since 1976, establishing itself as a trusted resource for homeowners and businesses facing…
Minuteman Press Reports Significant Growth in Traditional Printing Demand Amid D …
Minuteman Press reports 40% growth in traditional printing demand as businesses shift toward tangible marketing strategies, with local franchises adapting services to meet evolving customer needs nationwide.
The printing industry is experiencing a notable renaissance, with Minuteman Press [http://minuteman.com/] franchise locations nationwide reporting a 40% increase in demand for tangible marketing materials over the past 18 months. This market shift reflects a growing recognition among businesses that physical marketing materials create…
Agron Hoti Unveils Everflow, One of the Largest Paintings in History, at Tirana' …
Image: https://www.abnewswire.com/upload/2025/09/0b4fda5f58bb4f856771c4feab51721d.jpg
Albanian-born artist Agron Hoti has unveiled Everflow , a monumental 7,600 m painting created on the field of Tirana's National Stadium, marking one of the largest works ever completed by a single artist. From exile to international recognition, Hoti's journey reflects resilience, vision, and the pursuit of freedom through art that transcends galleries, expanding into stadiums, luxury hotels, public institutions, and the global art market.
A Life Forged in Hardship
Born…
More Releases for Management
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
