Market Trends of Healthcare Prescriptive Analytics Industry
This section covers the major market trends shaping the Healthcare Prescriptive Analytics Market according to our research experts:
Cloud Based Segment is Expected to Show Better Growth in the Forecast Years
Based on Deployment, it is segmented into on-premise, and cloud-based. The cloud-based segment is expected to show better growth during the forecast period, owing to the Increasing adoption of cloud platforms, cost advantage, and availability. It maintains and analyzes the huge amount of data among various industries. The prescriptive analytics market is driven by the increasing need for real-time accessibility of structured and unstructured data to forecast outcomes for better decision making. In addition, an increasing rate of cyber-crimes resulted in an increasing need for crime detection and prevention, which is expected to fuel the market growth.
North America Dominates the Healthcare Prescriptive Analytics Market
The healthcare infrastructure in the United States is experiencing positive trends in the prescriptive analytics domain, owing to factors such as increased internet penetration and technological advancements. Thus, the rising demand of advanced technologies such as Internet of Thing (IoT) and big data across various industries and organization is expected to enhance the growth of the studied market.
