Global Analytics as a Service Market Size, Share & Trends Analysis Report By Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), and by Industry(IT & Telecom, BFSI, Manufacturing, Healthcare, Retail & Wholesale, and Others)Forecast Period (2022-2028)
The global analytics as a service market is anticipated to grow at a substantial CAGR of 27.6% during the forecast period. Growing adoption and usage of social media platforms and increasing demands for advanced and developed technologies to process high workloads via cloud-based services are the factors driving the market growth.
The global analytics as a service market is segmented on the basis of deployment, and industry. Based on the deployment, the market is sub-divided into the public cloud, private cloud, and hybrid cloud. Based on the industry, the market is sub-categorized into IT & telecom, BFSI, manufacturing, healthcare, retail & wholesale, and others. Among the deployment segment, the public cloud segment is dominating the market, attributed to public cloud has various benefits associated with it such as cost-effectiveness, flexibility, scalability, agility, easy maintenance of generated data, and effective management among others. Due to the benefits associated with it, several companies are adopting analytics as a service public cloud solution, to support regional, cross-regional, or cross-country data recovery strategies.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is dominating the market attributed to the presence of several key players and also the growth of machine-to-machine communication (M2M) has opened doors for cloud solutions. Furthermore, the growing adoption of IoT devices and various organizations in the US has adopted using analytics as a service solution to generate data insights for making strategic business decisions. Additionally, rising demand for dashboards due to their representation and adopt data fast and efficient way, owing to its several vendors are entering in development and launches of various services and solutions to fulfill the needs of its customers.
The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Amazon.com Inc., Google LLC, Hewlett-Packard Enterprises Co., IBM Corp., Microsoft, Oracle, and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2019, Hewlett Packard Enterprise launched a new platform named GreenLake Central to deliver a cloud portfolio as a service. This platform is mainly for its customers, and it provides HPE customers with a consistent cloud experience for all data and applications through operational data and it runs, manages, and optimizes the entire hybrid IT estate cloud structure.
Research Methodology
The market study of the global analytics as a service market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Analytics as a service Market Research and Analysis by Deployment
- Global Analytics as a service Market Research and Analysis by Industry
The Report Covers
- Comprehensive research methodology of the global analytics as a service market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global analytics as a service market.
- Insights about market determinants that are stimulating the global analytics as a service market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
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Companies Mentioned
A selection of companies mentioned in this report includes:
- Accenture PLC
- Alteryx, Inc.
- Appnovation Technologies, Inc.
- Atos SE
- Centrify Corp. 6. Cloudera, Inc.
- Hitachi Vantara LLC
- DXC Technology Co.
- GoodData Corp.
- Hewlett Packard Enterprise Co.
- Planful Inc.
- NetApp, Inc.
- QlikTech International AB
- Salesforce, Inc.
- SAP Group
- SAS Institute Inc.
- Sisense Inc.
- Teradata Corp.
- ThinkAnalytics Ltd.
