Press release
Insights-As-A-Service Market Poised for 15.2 % Growth, Set to Hit $7.35 Billion by 2029
Insights As A Service Market Size
The insights-as-a-service market is expected to grow from $6.07 billion in 2024 to $7.53 billion in 2025, with a compound annual growth rate (CAGR) of 24.2%. This growth is driven by increased adoption of edge computing, cross-platform integration, advanced analytics, machine learning, digital transformation, and the explosion of data.
The Insights-as-a-Service market will reach $13.27 billion by 2029 at a CAGR of 15.2%, fueled by AI-driven insights, real-time analytics, IoT integration, and blockchain. Trends include augmented analytics, automated data governance, and hybrid/multi-cloud deployments.
What Are the Key Drivers Behind the Growth of the Insights-As-A-Service Market?
The rise of big data is expected to propel the growth of the insights-as-a-service market. Big data refers to massive and diverse datasets generated by technological innovations. Insights-as-a-service allows organizations to extract actionable knowledge from these large datasets, identify patterns, and make data-driven decisions. The Linux Foundation reported that data growth for an average organization reached 2,208 terabytes in 2022, a 215.43% increase from 2021, which is fueling the demand for insights-as-a-service solutions.
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Who Are the Major Industry Players Fueling Insights-As-A-Service Market Expansion?
Major companies operating in the insights-as-a-service market report are Microsoft Corporation, Dell Inc., Deloitte Touche Tohmatsu Limited, accenture* Plc, International Business Machines Corporation, Oracle Corporation, Tata Consultancy Services, Nokia Corporation, Capgemini SE, NTT DATA Corporation, Infosys Limited, Wipro Limited, Concentrix Corporation, Juniper Networks Inc, Dynatrace Inc, GAVS Technologies, Civica, Tiger Analytics, Sisense Inc, Hitech BPO, Analytics Quotient, Good Data, ACTICO GmbH, Smartfocus, Zephyr Health, Sand Hill Group, Crediwatch
Which Key Developments Are Influencing the Insights-As-A-Service Market?
Companies in the insights-as-a-service market are creating innovative solutions, such as Mytonomy Analytics Cloud, to strengthen their market position. These solutions use data, statistics, simulation, and machine learning to predict future trends and provide actionable insights to resolve data-related challenges. For instance, in November 2023, Mytonomy Inc., a US-based provider of healthcare cloud services, launched the Mytonomy Analytics Cloud, powered by Sisense. This platform integrates Sisense's advanced analytics capabilities with Mytonomy's cloud, enabling healthcare providers to track and allocate resources efficiently. The platform delivers real-time predictive analytics to optimize staff productivity and improve patient care by streamlining operations and enhancing decision-making.
How Is the Segmentation of the Insights-As-A-Service Market Defined?
The insights-as-a-service market covered in this report is segmented -
1) By Type: Predictive Insights, Descriptive Insights, Prescriptive Insights
2) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Large Enterprise, Small And Medium Enterprise
4) By Application: Revenue Cycle Management, Governance Risk And Compliance, Branding And marketing Management, Customer Analytics, Strategy Management, Supply Chain Management, Other Applications
5) By Vertical: Banking Financial Services And Insurance (BFSI), Healthcare And Life Sciences, Retail And Consumer Goods, Energy And Utilities, Manufacturing, Telecommunication And Information Technology, Government And Public Sector, Other Verticals
Subsegments:
1) By Predictive Insights: Forecasting Models, Risk Assessment Tools, Trend Analysis Solutions, Customer Behavior Prediction
2) By Descriptive Insights: Data Visualization Tools, Reporting And Dashboard Services, Historical Data Analysis, Key Performance Indicator (KPI) Tracking
3) By Prescriptive Insights: Recommendation Engines, Optimization Models, Decision Support Systems, Scenario Analysis And Simulation Tools
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What Is the Leading Region in the Insights-As-A-Service Market?
North America was the largest region in the insights-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insights-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Insights-As-A-Service Global Market Report?
- Market Size Analysis: Analyze the Insights-As-A-Service Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Insights-As-A-Service Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Insights-As-A-Service Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Insights-As-A-Service Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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