Prescriptive Analytics Market Demand, Key Players, Trends & Forecast, 2021–2032
The Prescriptive Analytics Market is a burgeoning sector within the broader field of data analytics. Prescriptive analytics is the third phase of business analytics, following descriptive and predictive analytics. It goes beyond merely describing past events or predicting future outcomes, to suggesting the best course of action based on the data. This is achieved through a combination of advanced tools and techniques, including machine learning, artificial intelligence, and mathematical modeling. The global prescriptive analytics market size was USD 5.13 Billion in 2022 and is expected to register a steady revenue CAGR of 24.2% during the forecast period, according to latest analysis by Emergen Research. One of the primary drivers of the Prescriptive Analytics Market is the increasing volume of data generated by businesses and the growing recognition of the value of data-driven decision making. As organizations continue to digitize their operations, the amount of data avail...