According to IMARC Group latest report titled” Analytics as a Service (AaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The Global Analytics as a Service (AaaS) Market to exhibit moderate growth during the next five years. Analytics as a Service (AaaS) represents the business solutions that offer subscription-based data analytics software and procedures through the cloud. It utilizes data mining, predictive analytics, and artificial intelligence (AI) to reveal insights from existing data sets. AaaS integrates all the sourced data and information into a centralized platform to minimize manual labor and improve operational efficiency. It also offers clients access to remote analytical tools for analyzing data via third-party managed machine learning (ML) tools or self-service. Apart from this, AaaS assists in analyzing consumer behavior, collecting data on purchasing trends, offering personalized access to centrally-managed data groups, etc. As a result, AaaS solutions are extensively employed across numerous industries, including telecommunication, IT, retail, healthcare, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The escalating demand for advanced technologies to process high workloads through the cloud is among the primary factors driving the Analytics as a Service (AaaS) market. In addition to this, the growing utilization of AaaS solutions by small and medium-sized enterprises (SMEs) to make cost-effective and data-driven decisions is further catalyzing the market growth. Moreover, the expanding popularity of social media applications is increasing the quantity of structured and unstructured data generated across countries, which is acting as another significant growth-inducing factor. Besides this, the inflating usage of smartphones by consumers is enabling brands to gather and store vast volumes of machine-generated data. This, in turn, is projected to fuel the Analytics as a Service (AaaS) market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Atos
- Cloudera Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Company
- Infosys Limited
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- ScienceSoft USA Corporation
- Sisense
- Teradata Corporation
- Tibco Software Inc
Analytics as a Service (AaaS) Market Segmentation:
Our report has categorized the market based on region, type, component, deployment type, enterprise size and industry vertical.
Breakup by Type:
- Predictive
- Prescriptive
- Diagnostic
- Descriptive
Breakup by Component:
- Solutions
- Services
Breakup by Deployment Type:
- Private Cloud
- Public Cloud
- Hybrid Cloud
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- BFSI
- Retail
- Government and Public Sector
- IT and Telecommunication
- Healthcare
- Manufacturing
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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Analytics as a Service Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Analytics as a Service include Amazon Web Services, Inc., Google LLC, IBM, Oracle Corporation, SAS Institute Inc., GoodData Corporation, Hewlett Packard Enterprise Development LP, Microsoft Corporation, SAP SE, and SAS Institute Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Analytics as a Service Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/analytics-as-a-service-market/download-sampleMarket SegmentationThe broad Analytics as a Service has been sub-grouped into the Type, Enterprise Size and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
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).The 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).
