Press Release / Technology / Analytics as a Service Market Trends, Size and Segments by Forecast to 2023

Analytics as a Service Market Trends, Size and Segments by Forecast to 2023

Market Highlights:
Analytical service facilitates better visibility and improves return on investment (ROI) on inbound and outbound marketing channels which is presumed to foster the market globally. The service also aids to supervise the data traffic on the run-time basis.
The Analytics as a Service market is segregated into the component, analytics type, deployment, organization size, and end-user.
By Component, the market is divided into solutions and services. The solution segment comprised of financial analytics, risk analytics, customer analytics, marketing analytics, sales analytics, web and social analytics, supply chain analytics, network analytics, and others
By service, the segment is further divided into consulting, managed service, and support & maintenance. The Analytics type is divided into predictive, prescriptive, diagnostics and descriptive. The deployment segment is divided into public, private, and hybrid. On the basis of organization size, the market is bifurcated as large enterprises and small and medium enterprises.
Lastly, the Analytics as a Service Market is sub-divided into end user which BFSI, retail & e-commerce, government, healthcare & life sciences, manufacturing, IT & telecom, energy & utility, travel & hospitality, transportation & logistics, media & entertainment, and others.
 
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Major Key Players:

IBM Corporation (U.S.)
Oracle Corporation (U.S.)
1010 Data Inc. (U.S.)
Hewlett-Packard Enterprise (U.S.)
Google Inc. (U.S.)
Amazon (U.S.)
EMC Corporation (U.S.)
Hitachi, Ltd. (Japan)
SAS Institute (U.S.)
Good Data Corporation (U.S.)
Cloudera, Inc. (U.S.)

Regional Analysis:
Geographically, the Analytics as a Service market is categorized into four different regions such as North America, Asia Pacific, Europe, and the Rest of the World.
 
North America is presumed to have significant growth in the Analytics as a Service market. The U.S and Canada are the leading countries in the region. The U.S is expected to gain the largest market share. This is due to the presence of a large number of solution providers in the country. Asia Pacific countries such as Japan, India, and China are also anticipated to be the fastest growing region in the Analytics as a Service market over the forecast period. This is attributed to evolution and development of big data in the region. Additionally, increase in a number of social media applications has eventually increased the implementation of data analytics tools and is expected to drive the growth of the market over the review period.
 
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