Analytics as a Service Market Size Worth $ 12.8 Billion By 2026 | CAGR: 24.3%

The global Analytics as a Service market size is expected to reach USD 12.8 billion by 2026 according to a new study by WhipSmart Market Intellignce. The report “Analytics as a Service Market by Component, Deployment Mode, Organization Size, Industry Vertical (BFSI, Telecommunications and IT, Healthcare and Life Sciences, and Retail and eCommerce); By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The report covers the COVID-19 impact on the Analytics as a service (AaaS) Market. The COVID-19 Impact analysis will help you to understand the future market growth in the Analytics as a service (AaaS) Market.
Analytics as a service (AaaS) has been developed from the mixing of cloud computing and analytics solutions. The analytics services form a basic framework of the analytical capabilities of any system. Analytics as a service works as an extensible platform necessarily working through cloud-based deployment by which various analytical tools (predictive and prescriptive) are restructured by the end-user to process efficiently and interpret huge volume of heterogeneous data. It includes cloud-based business intelligence solutions and software as a service-based (SaaS) social media analytics-as-a-service solution. Through this extensible platform, the end-user can store the data onto the platform and also allows the retrieval of the relevant analytical insights.
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Rising adoption of social media applications and constantly rising demand for advanced technologies to process high workload through cloud. This is often primarily because of continuous increase within the volume of structured and unstructured data from multiple social media platforms. Away from this, lower cost of ownership is additionally key factor which is predicted to propel the demand for analytics as a service across the planet during the forecast period. However, availability of complex analytical workflow and data and security concerns are major factors anticipated to hinder the worldwide analytics-as-a-service market within the near future.
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North America occupies the largest market share, in the analytics as a service market, mainly due to the presence of many market players in the region and the increasing demand for the analytics platform. North America, the high growth rate increasing adoption of big data and rising adoption of IoT devices.

The key players in the market include Google, Microsoft, Oracle, AWS, SAP, IBM, Salesforce, Teradata, SAS Institute, TIBCO Software and among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart Market Intelligence market research has segmented the Analytics as a Service market report on the basis of component, Vertical, organization size, deployment mode and region
Analytics as a Service Deployment Mode Outlook (Revenue, USD Million, 2019 – 2026)
o Public Cloud
o Private Cloud
o Hybrid Cloud
Analytics as a Service Organization Size Outlook (Revenue, USD Million, 2019 – 2026)
o Small and Medium-Sized Enterprises
o Large Enterprises
Analytics as a Service Component Outlook (Revenue, USD Million, 2019 – 2026)
o Web Analytics
o Financial Analytics
o Risk Analytics
o Marketing Analytics
o Web Analytics
o Supply Chain Analytics
o Security Analytics
o IT Operations Analytics
Analytics as a Service Vertical Outlook (Revenue, USD Million, 2019 – 2026)
o Banking, Financial Services, and Insurance
o Manufacturing
o Government and Defense
o Media and Entertainment
o Retail and Ecommerce
o Telecommunications and IT
o Healthcare and Life Sciences
o Other Industry Verticals
Analytics as a Service Regional Outlook (Revenue, USD Million, 2019 – 2026)
 North America
o U.S.
o Canada
 Europe
o France
o Germany
o UK
o Italy
o Russia
 Asia Pacific
o Japan
o Korea
 Latin America
o Mexico
o Brazil
o Colombia
 Middle East & Africa
o Saudi Arabia
o Israel

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