Prescriptive Analytics Market, 2021: Market Size is Estimated to Grow from USD 1.16 Billion in 2016 to USD 4.58 Billion by 2021, at a CAGR of 31.7% - Research and Markets
Summary
The report provides detailed insights into the global prescriptive analytics market, which is segmented by component, data type, applications, business functions, deployment model, vertical, and region. In business functions, the operation segment holds the largest market share and is gaining significant importance among corporates and enterprises. Remote operations such as drilling, mining, solar, and wind farms, power substations often faces poor network connectivity, limited bandwidth and high costs of data transfer to central analytical hubs. Advanced analytics is a boon to these industries that require real time intelligence to make swift decisions in remote locations. However, manufacturing industry is poised to grow at the highest rate during the forecast period, which will help them in streaming real-time analytics ingesting from sensors and devices situated at the shop floor of the factory.
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