Industry Background:
Analytics as a Service (AaaS) signifies the method to an extensible platform which can provide cloud-based analytical capabilities over a change of industries and use cases. It also platform covers the end-to-end capabilities of an analytical solution, from data acquisition to end-user visualization. These services are gaining significant importance among various corporates, due to rising popularity cloud computing business. There has been a significant rise in internet user with the figure stood up to 2.5 quintillion bytes of data each day in global in 2018. So the future for analytics as a service market looks promising.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Computer Science Corporation (CSC) (United States), Hewlett-Packard Enterprise (United States), Google Incorporation (United States), SAS Institute (United States), Amazon Web Services (United States), EMC (United States) and Gooddata (United States) |
This growth is primarily driven by Rising Demand for Advanced Technologies to Process High Workload through Cloud and Presence of a Number of Solution Providers and Growing Demand for Big Data in North America.
Globally, a noticeable market trend is evident Rising Adoption of Social Media Applications in the United States
The IT Consulting & Other Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Computer Science Corporation (CSC) (United States), Hewlett-Packard Enterprise (United States), Google Incorporation (United States), SAS Institute (United States), Amazon Web Services (United States), EMC (United States) and Gooddata (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market of Analytics as a Service is highly fragmented with high numbers of key players. The key players are majorly focusing on different kinds of technological innovations and acquisitions in order to make their place in this industry
Key Developments in the Market:
In November 2022, IBM launched new software break down data and analytics silos for enterprises then they make data-driven decisions quickly and navigate unpredictable disruptions. IBM Business Analytics Enterprise and this launch helped IBM to expand its presence in analytics as a service market
On 29th March 2019, Google launched a new real-time data product for journalists. Google is building on the NCI product with a new tool called Real-time Content Insights. RCI presents the data in the form of an image-heavy dashboard showing how many readers are looking at a story currently, and how many views the story’s gotten in the past 30 minutes.
Influencing Trend:
Rising Adoption of Social Media Applications in the United States and Adoption of Subset of Artificial Intelligence (AI), has Emerged as the Populated trend in the Industry
Market Growth Drivers:
Rising Demand for Advanced Technologies to Process High Workload through Cloud and Presence of a Number of Solution Providers and Growing Demand for Big Data in North America
Challenges:
Lack of Analytical Knowledge and Lack of Domain-Specific Expertise
Restraints:
Issue Related Towards the Data Security Coupled with the Availablity Concerns and Complex Analytics Workflow, due to Increasing Penetration of Different types of Data
Opportunities:
Growing Demand of Mobile Devices for Analytics in Health Care Sector In the United States and Increased Usage of Machine Generated Data
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Analytics as a Service Market
- Analysis about New Entrants in Analytics as a Service Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Analytics as a Service Study Sheds Light on
The Analytics as a Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Analytics as a Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Analytics as a Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.