Analytics as a Service Market 2021, Global Trends, Opportunity and Growth Analysis Forecast by 2023

According to a research report "Analytics as a Service Market by Component, Deployment Mode, Organization Size, Industry Vertical (BFSI, Telecommunications and IT, Healthcare and Life Sciences, and Retail and eCommerce), and Region - Global Forecast to 2024", published by MarketsandMarkets, The global AaaS market size is expected to grow from USD 4.3 billion in 2019 to USD 12.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period.

The major growth factors of the AaaS market include the increasing need to extract in-depth insights from the growing volumes of data to gain a competitive advantage.

The increasing demand for cloud-based dashboards for data visualization to enhance decision-making, the benefit of cost-effectiveness offered by AaaS solutions, and fulfilling the enterprise need to adopt advanced analytical capabilities with the minimal infrastructure are expected to drive the adoption of AaaS solutions.Browse 132 market data Tables and 61 Figures spread through 212 Pages and in-depth TOC on "Analytics as a Service Market - Global Forecast to 2024"Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159638048Large enterprises segment to hold a larger market size during the forecast periodThe AaaS market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs).

Several AaaS solution providers in North America are experimenting in the market by integrating advanced AI and ML technologies with their existing AaaS solutions.

Major North American vendors in the AaaS market are Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), AWS (US), HPE (US), Salesforce (US), Cloudera (US), MicroStrategy (US), SAP (Germany), ThoughtSpot (US), Qlik (US), Domo (US), TIBCO Software (US), Sisense (US), GoodData (US), Birst (US), Yellowfin (Australia), Guavus (US), Absolutdata (US), Alteryx(US), and Looker (US).Speak to Our Expert Analyst:  https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=159638048The report includes the study of the key players offering AaaS solutions and services.

The major vendors Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Atos (France), Google (US), AWS (US), HPE (US), Hitachi Vantara (Japan), Salesforce (US), Cloudera (US), MicroStrategy (US), SAP (Germany), ThoughtSpot (US), Qlik (US), Domo (US), TIBCO Software (US), Sisense (US), GoodData (US), Birst (US), Yellowfin (Australia), Guavus (US), Absolutdata (US), Alteryx(US), Looker (US), Pyramid Analytics (Europe), and Board International (Switzerland).

The global analytics as a service market has grown substantially over the past few years.

As enterprises increase their public cloud investments, they demand full visibility into their on-premises & cloud resources for performance and cost optimization, which increases the adoption of these services.

Additionally, augmenting demand for solutions to maintain and interpret a large volume of data acts as a key tailwind for the market growth.

Various advantages offered by AaaS such as predictions based on experiences and capabilities to identify the patterns, which accelerate the market growth.On the other hand, advanced technologies based on analytical techniques such as machine learning, which are complex and require particular skills is a key factor estimated to hamper the market growth, presenting challenges of lack of domain-specific expertise.

Global Analytics as a Service Market- SegmentationGlobal (AaaS) Market – SegmentationThe report is segmented into six dynamics;By Component            : Solutions (Financial Analytics, Risk Analytics, Customer Analytics, Marketing Analytics, Sales Analytics, Web & Social Analytics, Supply Chain Analytics, Network Analytics, others) and Services (Consulting, Managed Service, and Support & Maintenance).By Analytics Type: Predictive, Prescriptive, Diagnostics, Descriptive, and others.By Deployment          : Public, Private, and Hybrid.By Organization        : Small-to-Medium Enterprises and Large Enterprises.By End-User  : BFSI, Retail & E-commerce, Government, Healthcare & Life Sciences, Manufacturing, IT & Telecom, Energy & Utility, Travel & Hospitality, Transportation & Logistics, media & entertainment, and others.By Regions                 : Asia Pacific, Europe, Americas, and the Rest-of-the-World.Analytics as a Service Market – Regional AnalysisNorth America dominates the global analytics as a service market.

Besides, the growing demand for big data solutions increases the Analytics as a Service Market Size.Moreover, large amounts of data accumulation of unstructured data gathering due to the digital revolution across the commercial and industrial sectors foster market growth.

The Analytics As A Service Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario.

The Analytics As A Service industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry.

The report starts with the executive summary, followed by a value chain and marketing channels study.

The report then estimates the CAGR and market revenue of the global and regional segments.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.

These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.

The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Analytics As A Service Market @ https://www.decisiondatabases.com/contact/download-sample-7835A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Analytics As A Service market.

The growth in implementation of social media applications is further likely to benefit the analytics as a service market in the approaching period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1206               Competitive Outlook: The availability of advantageous policies and regulations by trade bodies and governments is expected to hasten the development of the market in the forecast period.

The enrichment of the sources of supply is allowing the market players to create products that can be successful in the market effectively.

The further segmentation of the solution segment includes customer analytics, financial , marketing , risk analytics, sales analytics, web & social , network analytics, supply chain , and others.

The further segmentation of the service segment of the market consist of managed service, consulting, and support & maintenance.

The end-user segment of the analytics as a service market includes retail & e-commerce, government, healthcare & life sciences, BFSI, media & entertainment, transportation & logistics, manufacturing, IT & telecom, travel & hospitality, energy & utility, and others.

The ever-growing robust presence of a large number of solution providers and the growing demand for the big data is estimated to benefit the overall global market.

Market Analysis and Insights: Global Analytics-as-a-Service (AaaS) MarketAnalytics-as-a-service (AaaS) market is expected to reach USD 106.27 billion by 2027 witnessing market growth at a rate of 32.61% in the forecast period of 2020 to 2027.

On the other hand, rising usages of machine-generated data along with the adoption of internet of things devices will further bring immense opportunities for the growth of the analytics-as-a-service (AaaS) market in the above-mentioned forecast period.This analytics-as-a-service (AaaS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries.

The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.·       Analytics-as-a-service (AaaS) market on the basis of analytics type has been segmented as predictive analytics, prescriptive analytics, diagnostic analytics, and descriptive analytics.·       Based on component, analytics-as-a-service (AaaS) market has been segmented into solutions, and services.

Solutions have been further segmented into financial analytics, risk analytics, marketing analytics, web analytics, supply chain analytics, security analytics, IT operations analytics, and others.

Services have been further segmented into managed services and professional services.

The Global Analytics As A Service Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the analytics as a service market.

The attractiveness analysis of thismarket has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Analytics As A Service Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/7835-analytics-as-a-service-market-reportThe report also covers the complete competitive landscape of the global Analytics As A Service market with company profiles of key players such as:Amazon Web ServicesCloudera, Inc.Computer Science CorporationEMC CorporationGooddata CorporationGoogle, Inc.Guavus, Inc.Hewlett-Packard EnterpriseHitachi, Ltd.IBM CorporationMicrosoft CorporationOracle CorporationSAS InstituteSEGMENTATIONS IN REPORT:Analytics as a Service Market Analysis by Solutions:Financial AnalyticsRisk AnalyticsCustomer AnalyticsMarketing AnalyticsSales AnalyticsWeb and Social Media AnalyticsSupply Chain AnalyticsNetwork AnalyticsOthersAnalytics as a Service Market Analysis by Services:ConsultingManaged ServicesSupport and MaintenanceAnalytics as a Service Market Analysis by Analytics Type:PredictivePrescriptiveDiagnosticDescriptiveAnalytics as a Service Market Analysis by Deployment Model:Public CloudPrivate CloudHybrid CloudAnalytics as a Service Market Analysis by Organization Size:Small And Medium Size BusinessLarge EnterprisesAnalytics as a Service Market Analysis by Industry Vertical:BFSIRetail And WholesaleGovernmentHealthcare And Life SciencesManufacturingTelecommunication And ITEnergy And UtilityTravel And HospitalityTransportation And LogisticsMedia And EntertainmentOthersAnalytics as a Service Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Analytics As A Service Market @ https://www.decisiondatabases.com/contact/download-sample-7835The Global Analytics As A Service Market has been exhibited in detail in the following chapters –Chapter 1 Analytics As A Service Market PrefaceChapter 2 Executive SummaryChapter 3 Analytics As A Service Industry AnalysisChapter 4 Analytics As A Service Market Value Chain AnalysisChapter 5 Analytics As A Service Market Analysis By SolutionsChapter 6 Analytics As A Service Market Analysis By ServicesChapter 7 Analytics As A Service Market Analysis By Analytics TypeChapter 8 Analytics As A Service Market Analysis By Deployment ModelChapter 9 Analytics As A Service Market Analysis By Organization SizeChapter 10 Analytics As A Service Market Analysis By Industry VerticalChapter 11 Analytics As A Service Market Analysis By GeographyChapter 12 Competitive Landscape Of Analytics As A Service CompaniesChapter 13 Company Profiles Of Analytics As A Service IndustryPurchase the complete Global Analytics As A Service Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-7835Other Reports by DecisionDatabases.com:Global Healthcare Analytics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Customer Journey Analytics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global User And Entity Behavior Analytics (UEBA) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

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Global Analytics as a Service Market Research Report: by Component (Solutions and Services), by Analytics Type (Predictive, Prescriptive, and Others), by Deployment, by Organization Size, and by End-User – Forecast till 2023Market SynopsisIn the research report, Market Research Future (MRFR), emphasizes that the global market 2020 is slated to grow exponentially, securing a substantial market valuation of USD 30 billion, and a healthy 35% CAGR over the review period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1206Drivers and RestraintsAnalytical operations are designed using an expandable set of resources using an analytical algorithm that is focused mostly on concepts of deep learning and machine learning.

In addition, Analytics as a service provides multiple benefits, such as experiential forecasts and the ability to classify the patterns which are expected to develop a huge demand for the market over the next few years.

Therefore, in the coming years, the lack of domain-specific knowledge is expected to be one of the hindrances for the analytics as a service industry.

Information security risks and complex workflow processes are therefore some of the factors that impede the growth of Analytics as a service marketSegmental AnalysisThe Analytics as a Service market is analyzed into the organization size, component, analytics type, deployment, and end-user.By Component, the market is bifurcated as solutions and services.

The solution segment is segmented into financial analytics, risk analytics, marketing analytics, customer analytics, sales analytics, web and social analytics, network analytics, supply chain analytics, and othersBy service, the segment is further is segmented into consulting, managed service, and support & maintenance.

On the basis of organization size, the Analytics as a Service market is divided as large enterprises and small and medium enterprises (SMEs).Lastly, the Analytics as a Service market is sub-segmented into end user which BFSI, government, healthcare & life sciences, manufacturing, retail & E-commerce, IT & telecom, energy and utility, travel & hospitality, media & entertainment, transportation and logistics, and others.Regional AnalysisThe geographical analysis of the global Analytics as a Service market has been conducted in four significant regions, including the Asia Pacific, North America, Europe, and the rest of the world.The presumed growth of North America as a service market in Analytics is important.