Global Analytics as a Service
Market Report
2024
Analytics as a Service market size is USD 12.1 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Analytics as a Service market size is USD 12.1 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Analytics as a Service Market Sales Revenue 2024 | $ 12.1 Billion |
Global Analytics as a Service Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.2% |
Market Split by Component |
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Market Split by Analytics |
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Market Split by Enterprise |
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Market Split by Resolution |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Analytics as a Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Analytics as a Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automation across all industry verticals produces huge amounts of data every day. Organizations then collect such data and analyze the pattern to predict future occurrences. Moreover, with analytics, organizations are enhancing the performance of their internal assets, which further helps increase their profit margin. In terms of industry verticals, the BFSI segment is expected to contribute the highest analytics as a service market share in the coming years. The growth of this segment is mainly attributed to an increase in the need to utilize the capabilities of Analytics-as-a-Service to understand better their customers and their needs to update their services. In addition, with predictive analytics and historical data analysis, manufacturers can plan predictive maintenance for their assets or machines. It further allows them to save costs by avoiding any unexpected breakdown or downtime.
Rising Adoption of Social Media Applications among Customers to Increase the Demand Globally - The emergence of social media applications and advanced technology is one of the major factors impacting analytics services. Social media apps, including Facebook, Twitter, Instagram, YouTube, and others, generate a huge amount of data every second. This huge data mainly drives the analytics services market. Furthermore, the growing need for businesses to analyze social media information for their own specific goals is also one of the factors driving global analytics as a service market growth. Increase in Usage of Machine-Generated Data
Surging Data Security Concerns Due to Rising Number of Cybercrimes Limited Control Over Infrastructure
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In June 2023, Wipro introduced the Wipro Industry Development Experiences for Financial Services, which includes a new set of banking and financial services products built on the Microsoft Cloud. Wipro Full Stride Cloud and Microsoft Cloud capabilities will be combined in the Innovation Experience, using Wipro and Capco's extensive knowledge of the financial services industry.
Top Companies Market Share in Analytics as a Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Countries in the region have led the way in technical innovation. The area boasts an established ecosystem of IT companies, startups, research organizations, and an advanced IT infrastructure, which fosters an environment favorable to developing and using analytics solutions. The area has a robust investment ecosystem with access to plenty of private equity and venture capital investments. It strengthens North America's position in the industry and enables startups and existing businesses to innovate and scale their AaaS products. Companies in North America from various sectors, including manufacturing, e-commerce, healthcare, and finance, have realized the importance of data-driven decision-making.
Asia Pacific is expected to be the fastest-growing region in the analytics as a service (AaaS) market during the predicted timeframe. Data collection has increased dramatically across several industries, including retail, healthcare, finance, and manufacturing, due to technology's quick digitalization and acceptance. Many Asian countries are undergoing a cultural transition towards data-driven decision-making. For the AaaS industry to expand, a competent data science and analytics workforce must be accessible. Significant funding has been allocated to data analytics education and training initiatives in Asia Pacific.
The current report Scope analyzes Analytics as a Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Analytics as a Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Analytics as a Service Industry growth. Analytics as a Service market has been segmented with the help of its Component, Analytics Enterprise, and others. Analytics as a Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Analytics as a Service market.
Component of Analytics as a Service analyzed in this report are as follows:
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According to Cognitive Market Research, Predictive Analytics Type stands out as the dominating category. Businesses are becoming increasingly aware of the significance of predictive analytics in making wise choices. They can foresee trends, spot opportunities, and reduce risks, all essential for establishing a competitive edge. The accuracy and capabilities of predictive analytics models have considerably improved owing to ongoing improvements in machine learning algorithms and processing capacity, which have enhanced model adoption and prediction confidence. Due to user-friendly interfaces and visualization features, predictive analytics platforms are becoming more accessible to non-technical consumers.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global Analytics as a Service Market is witnessing significant growth in the near future.
In 2023, the Solution segment accounted for noticeable share of global Analytics as a Service Market and is projected to experience significant growth in the near future.
The Predictive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM , SAS Institute and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Solution, Services |
Analytics | Predictive, Diagnostic, Descriptive, Prescriptive |
Enterprise | Large Enterprises, Small & Medium Enterprises |
Resolution | BFSI, IT & Telecommunication, Retail E-commerce, Manufacturing, Transportation & Logistics, Government & Public Sector, Others |
List of Competitors | IBM, Oracle, SAS Institute, Google, Amazon Web Services (AWS), Computer Science Corporation (CSC), Hewlett-Packard Enterprise (HPE), EMC, GoodData, Microsoft |
This chapter will help you gain GLOBAL Market Analysis of Analytics as a Service. Further deep in this chapter, you will be able to review Global Analytics as a Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Analytics Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Enterprise Analysis 2019 -2031
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Chapter 13 Market Split by Resolution Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Analytics as a Service market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solution have a significant impact on Analytics as a Service market? |
What are the key factors affecting the Solution and Services of Analytics as a Service Market? |
What is the CAGR/Growth Rate of Predictive during the forecast period? |
By type, which segment accounted for largest share of the global Analytics as a Service Market? |
Which region is expected to dominate the global Analytics as a Service Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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