PUNE, India, Oct. 13, 2023 /PRNewswire/ -- Infinium Global Research, a leading provider of market research, has recently released an extensive report on the Global Analytics as a Service Market. This report offers a comprehensive analysis of segments and sub-segments within the global and regional analytics as a service market. It also sheds light on the impact of drivers, restraints, and macroeconomic indicators on both short-term and long-term market trends. The report provides an in-depth perspective on trends, forecasts, and the financial outlook of the global analytics as a service market. Remarkably, the global analytics as a service market, valued at USD 6.06 billion in 2022, is projected to reach USD 37.06 billion by 2030, exhibiting a remarkable CAGR of 22.15% during the forecast period from 2023 to 2030.
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Key Market Drivers:
The analytics as a service (AaaS) market is experiencing robust growth, primarily driven by the growing adoption of cloud-based solutions. Industries are increasingly seeking to enhance their services by gaining deeper insights into system operations and consumer behavior, contributing to the global AaaS market's expansion. This trend is particularly pronounced among Small- and Medium-sized Enterprises (SMEs) that are harnessing AaaS to make cost-effective data-driven decisions.
The surge in the use of social media applications has led to the proliferation of structured and unstructured data across platforms, further fueling the demand for AaaS. Moreover, industrial facilities are turning to predictive and historical data analysis to proactively prevent unplanned downtime, serving as an additional growth driver. The advent of the Internet of Things (IoT) and the widespread adoption of smartphones enable marketers to collect and store machine-generated data simultaneously, empowering businesses to optimize internal asset performance, reduce operating costs, offer proactive customer support, and improve profit margins.
However, the rise in cybercrime poses a challenge to the market. The need for businesses to better understand customer actions and behavior and manage generated data is expected to provide substantial opportunities for analytics as a service market.
Regional Insights:
- North America: North America is expected to maintain its dominant position in the global analytics as a service market, driven by factors such as a large and established base of AaaS vendors, increasing adoption of IoT devices, and growing recognition of the significance of big data. Particularly in the United States, businesses are actively embracing AaaS solutions to gain valuable data insights for critical decision-making and market competitiveness.
- Asia Pacific (APAC): The APAC region is projected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. Factors contributing to this growth include the increasing adoption of AaaS solutions and the growing importance of big data analytics across various industries in the region.
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Segmentation:
The report offers a detailed analysis of the analytics as a service market, categorized into key segments, including:
- Type: Predictive, prescriptive, diagnostic, and descriptive.
- Enterprise Size: Large enterprises and small and medium-sized enterprises (SMEs).
- End-Use: BFSI, retail, government, IT telecom, healthcare, manufacturing, and others.
Key Players:
The report profiles prominent companies in the analytics as a service market, including:
- IBM Corporation
- Microsoft
- Oracle
- SAP SE
- Hewlett Packard Enterprise Development LP
- SAS Institute Inc.
- Accenture
- Google LLC
- Amazon Web Services, Inc.
- OPERA Solutions Inc.
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Analytics as a Service Market Highlights
2.2. Analytics as a Service Market Projection
2.3. Analytics as a Service Market Regional Highlights
Chapter 3. Global Analytics as a Service Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by Enterprise Size
3.4.3. IGR-Growth Matrix Analysis by End-use
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Analytics as a Service Market
Chapter 4. Analytics as a Service Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Analytics as a Service Market
5.2. Companies Profiles
5.2.1. IBM Corporation
5.2.2. Microsoft
5.2.3. Oracle
5.2.4. SAP SE
5.2.5. Hewlett Packard Enterprise Development LP
5.2.6. SAS Institute Inc.
5.2.7. Accenture
5.2.8. Google LLC
5.2.9. Amazon Web Services, Inc.
5.2.10. OPERA Solutions Inc.
Chapter 6. Global Analytics as a Service Market by Type
6.1. Predictive
6.2. Prescriptive
6.3. Diagnostic
6.4. Descriptive
Chapter 7. Global Analytics as a Service Market by Enterprise Size
7.1. Large Enterprise
7.2. Small and medium-sized enterprises (SME)
Chapter 8. Global Analytics as a Service Market by End-use
8.1. BFSI
8.2. Retail
8.3. Government
8.4. IT Telecom
8.5. Healthcare
8.6. Manufacturing
8.7. Others
Chapter 9. Global Analytics as a Service Market by Region 2023-2030
9.1. North America
9.1.1. North America Analytics as a Service Market by Type
9.1.2. North America Analytics as a Service Market by Enterprise Size
9.1.3. North America Analytics as a Service Market by End-use
9.1.4. North America Analytics as a Service Market by Country
9.1.4.1. The U.S. Analytics as a Service Market
9.1.4.1.1. The U.S. Analytics as a Service Market by Type
9.1.4.1.2. The U.S. Analytics as a Service Market by Enterprise Size
9.1.4.1.3. The U.S. Analytics as a Service Market by End-use
9.1.4.2. Canada Analytics as a Service Market
9.1.4.2.1. Canada Analytics as a Service Market by Type
9.1.4.2.2. Canada Analytics as a Service Market by Enterprise Size
9.1.4.2.3. Canada Analytics as a Service Market by End-use
9.1.4.3. Mexico Analytics as a Service Market
9.1.4.3.1. Mexico Analytics as a Service Market by Type
9.1.4.3.2. Mexico Analytics as a Service Market by Enterprise Size
9.1.4.3.3. Mexico Analytics as a Service Market by End-use
9.2. Europe
9.2.1. Europe Analytics as a Service Market by Type
9.2.2. Europe Analytics as a Service Market by Enterprise Size
9.2.3. Europe Analytics as a Service Market by End-use
9.2.4. Europe Analytics as a Service Market by Country
9.2.4.1. Germany Analytics as a Service Market
9.2.4.1.1. Germany Analytics as a Service Market by Type
9.2.4.1.2. Germany Analytics as a Service Market by Enterprise Size
9.2.4.1.3. Germany Analytics as a Service Market by End-use
9.2.4.2. United Kingdom Analytics as a Service Market
9.2.4.2.1. United Kingdom Analytics as a Service Market by Type
9.2.4.2.2. United Kingdom Analytics as a Service Market by Enterprise Size
9.2.4.2.3. United Kingdom Analytics as a Service Market by End-use
9.2.4.3. France Analytics as a Service Market
9.2.4.3.1. France Analytics as a Service Market by Type
9.2.4.3.2. France Analytics as a Service Market by Enterprise Size
9.2.4.3.3. France Analytics as a Service Market by End-use
9.2.4.4. Italy Analytics as a Service Market
9.2.4.4.1. Italy Analytics as a Service Market by Type
9.2.4.4.2. Italy Analytics as a Service Market by Enterprise Size
9.2.4.4.3. Italy Analytics as a Service Market by End-use
9.2.4.5. Rest of Europe Analytics as a Service Market
9.2.4.5.1. Rest of Europe Analytics as a Service Market by Type
9.2.4.5.2. Rest of Europe Analytics as a Service Market by Enterprise Size
9.2.4.5.3. Rest of Europe Analytics as a Service Market by End-use
9.3. Asia Pacific
9.3.1. Asia Pacific Analytics as a Service Market by Type
9.3.2. Asia Pacific Analytics as a Service Market by Enterprise Size
9.3.3. Asia Pacific Analytics as a Service Market by End-use
9.3.4. Asia Pacific Analytics as a Service Market by Country
9.3.4.1. China Analytics as a Service Market
9.3.4.1.1. China Analytics as a Service Market by Type
9.3.4.1.2. China Analytics as a Service Market by Enterprise Size
9.3.4.1.3. China Analytics as a Service Market by End-use
9.3.4.2. Japan Analytics as a Service Market
9.3.4.2.1. Japan Analytics as a Service Market by Type
9.3.4.2.2. Japan Analytics as a Service Market by Enterprise Size
9.3.4.2.3. Japan Analytics as a Service Market by End-use
9.3.4.3. India Analytics as a Service Market
9.3.4.3.1. India Analytics as a Service Market by Type
9.3.4.3.2. India Analytics as a Service Market by Enterprise Size
9.3.4.3.3. India Analytics as a Service Market by End-use
9.3.4.4. South Korea Analytics as a Service Market
9.3.4.4.1. South Korea Analytics as a Service Market by Type
9.3.4.4.2. South Korea Analytics as a Service Market by Enterprise Size
9.3.4.4.3. South Korea Analytics as a Service Market by End-use
9.3.4.5. Australia Analytics as a Service Market
9.3.4.5.1. Australia Analytics as a Service Market by Type
9.3.4.5.2. Australia Analytics as a Service Market by Enterprise Size
9.3.4.5.3. Australia Analytics as a Service Market by End-use
9.3.4.6. Rest of Asia-Pacific Analytics as a Service Market
9.3.4.6.1. Rest of Asia-Pacific Analytics as a Service Market by Type
9.3.4.6.2. Rest of Asia-Pacific Analytics as a Service Market by Enterprise Size
9.3.4.6.3. Rest of Asia-Pacific Analytics as a Service Market by End-use
9.4. RoW
9.4.1. RoW Analytics as a Service Market by Type
9.4.2. RoW Analytics as a Service Market by Enterprise Size
9.4.3. RoW Analytics as a Service Market by End-use
9.4.4. RoW Analytics as a Service Market by Sub-region
9.4.4.1. Latin America Analytics as a Service Market
9.4.4.1.1. Latin America Analytics as a Service Market by Type
9.4.4.1.2. Latin America Analytics as a Service Market by Enterprise Size
9.4.4.1.3. Latin America Analytics as a Service Market by End-use
9.4.4.2. Middle East Analytics as a Service Market
9.4.4.2.1. Middle East Analytics as a Service Market by Type
9.4.4.2.2. Middle East Analytics as a Service Market by Enterprise Size
9.4.4.2.3. Middle East Analytics as a Service Market by End-use
9.4.4.3. Africa Analytics as a Service Market
9.4.4.3.1. Africa Analytics as a Service Market by Type
9.4.4.3.2. Africa Analytics as a Service Market by Enterprise Size
9.4.4.3.3. Africa Analytics as a Service Market by End-use
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of analytics as a service.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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