The latest study released on the Global Analytics as a Service Market by Introspective Market Research evaluates market size, trend, and forecast to 2028. The Analytics as a Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The Global Analytics as a Service Market Size Was Valued At USD 10.81 Billion In 2021 And Is Projected To Reach USD 45.52 Billion By 2028, Growing At A CAGR Of 22.8% From 2022 To 2028.
COVID-19 has significant effects on several businesses. Owing to social distancing, traveling restrictions, disruption of the supply chain, the shutdown of the manufacturing facilities, and other stringent rules of the government brought huge changes in the business industry. During the pandemic, the demand for analytical tools is considerably increased. These tools are used by governments of various countries globally to harvest travel data and information about hospitals to predict the spread of the coronavirus and its risks. Thus, several companies focused on the development of analytical tools. For instance, In March 2020, IBM Watson the analytical tool launched by IBM to access and analyze data from the World Health Organization and multiple national, state, and local governments. Thus, COVID-19 prevalence had a positive impact on the Analytics as a Service Market.
Key Players For The Analytics as a Service Market
- Amazon Web Services, Inc.
- GoodData Corporation
- Google LLC
- Hewlett Packard Enterprise Development LP
- IBM
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
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Analytics as a Service Market Segmentation:
In Market Segmentation By Type, Analytics as a Service Market Report Covers:
- Descriptive
- Prescriptive
- Predictive
- Diagnostic
In Market Segmentation By End-Users, Analytics as a Service Market Report Covers:
- BFSI
- IT Telecom
- Manufacturing
- Healthcare
- Others
Regional Analysis For Global Analytics as a Service Market Includes
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In The Analytics as a Service Market
In April 2022, Kyndryl, an information technology company declared their expansion of the partnership with SAP. The aim of this acquisition helps to costumer by declining the digital transformation challenges. Kyndryl offers services that complement the RISE with an SAP solution, such as proven migration tools and scalable offerings, AI-driven business data management and analytics solutions, application modernization, and more, as part of the expanded collaboration.
This Analytics as a Service Market Research/Analysis Report Contains Answers to the following Questions
- Which are the key dominating players in the market?
- What are the key business strategies chosen by the leading player to sustain in the global Analytics as a Service market?
- What are the primary reasons behind the faster market growth rate?
- Which are the dominating growth factors likely to propel the regional development of the Analytics as a Service industry?
- What is the expected growth rate of the global Analytics as a Service market during the forecast period?
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