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Analytics as a service industry set to rake in USD 23.49 billion in 2021

IT Market Research

The analytics-as-a-service market is estimated to grow from USD 4.76 Billion in 2016 to USD 23.49 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 37.6% during the forecast period.

Analytics-as-a-service solutions and services are gaining a significant importance among the corporates due to increased ability of technologies to process huge workload through cloud, business intelligence maturation, and lower cost of ownership.

Hence, the adoption of analytics-as-a-service solutions and services in various industries is increasing, which is one of the major growth factors of the market.

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The report provides detailed insights into the global analytics-as-a-service market, which is segmented by solutions, services, deployment model, organization size, analytics types, vertical, and region.