DUBLIN, July 13, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/tw45kl/analytics_as_a) has announced the addition of the "Analytics as a Service Market by Solutions - Global Forecast to 2020" report to their offering.
The analytics-as-a-service market to grow from $4,230.0 Million in 2015 to $23,030.0 Million in 2020, at a CAGR of 40.3% during the forecast period.
The report analyzes the growth rate and penetration of analytics-as-a-service market across all the regions. The assumptions considered for the market forecast include political, economic, social, technological, and economic factors. For example, exchange rate is one of the economic factors expected to have a moderate impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging Latin America and Asia-Pacific (APAC) regions.
The major drivers of analytics-as-a-service market are lower total cost of ownership, increased business agility and scalability, and self-service access to centrally managed data. The analytics-as-a-service market faces challenges such as data security and privacy and lack of analytical knowledge in many organizations. The major factors that are restraining the growth of the analytics-as-a-service market are the complex analytical workflow and diversity of data models based on business needs. Analytics-as-a-service solution vendors see opportunities for the higher adoption of analytics-as-a-service due to actors such as the growing demand of mobile devices for analytics and increase in the amount of data generated across industry verticals.
Major vendors offering Analytics-as-a-service solutions and services are SAS Institute (U.S.), IBM Corporation (U.S.), CSC (U.S.), Oracle Corporation (U.S.), and Hewlett-Packard (U.S.). These vendors offer different types of analytics solutions such as financial analytics, risk analytics, customer analytics, marketing analytics, sales analytics, web and social media analytics, supply chain analytics, and network analytics. They also offer services such as consulting services, managed services, and support and maintenance services.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Analytics-As-A-Service Market Analysis, By Type
8 Analytics-As-A-Service Market Analysis, By Deployment Model
9 Analytics-As-A-Service Market Analysis, By Organization Size
10 Analytics-As-A-Service Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
AS Institute (U.S.)
IBM Corporation (U.S.)
Oracle Corporation (U.S.)
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SOURCE Research and Markets