Analytics as a Service Market Analysis
According to Verified Market Research, the Global Analytics as a Service Market was valued at USD 8.38 billion in 2018 and is expected to reach a value of USD 101.29 billion by 2026 at a CAGR of 36.55% over the forecast period of 2019–2026.
What is Analytics as a Service Market?
Analytics as a Service Market can be described as a run through of using Web-based technologies to perform analysis using big data, conflicting to the traditional method of developing an onsite hardware warehouse to collect, store, and analyze the data. AaaS helps in performing analytics in a much more efficient manner. This can help in improve business agility. AaaS is just a fragment of a broad range of services with analogous forenames such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).
Global Analytics as a Service Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Analytics as a service is growing popularity among various organizations as setting up analytics processes is a work-intensive process and requires a set of guidelines to get it started. Various key industry players are involved in offering these services as several factors such as augmented aptitude of technologies to process vast workload through cloud computing services as are expected to drive the market for the Global Analytics as a Service Market. Apart from this, complexity in the analytic workflow could hamper the growth of the overall market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Analytics as a Service Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about the cutting-edge technologies in the market.
Global Analytics as a Service Market Competitive Landscape
The “Analytics as a Service Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM Corporation, Oracle Corporation, Computer Science Corporation (CSC), Hewlett-Packard Enterprise (HPE), SAS Institute, Google, Inc. and Amazon Web Services (AWS). Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Analytics as a Service Market, By Component
Global Analytics as a Service Market, By Analytics Type
• Predictive Analytics
• Prescriptive Analytics
• Diagnostic Analytics
• Descriptive Analytics
Global Analytics as a Service Market, By Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
Global Analytics as a Service Market, By Vertical
• Banking, Financial Services, and Insurance
• Retail and Wholesale
• Healthcare and Life Sciences
• Telecommunication and IT
Global Analytics as a Service Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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