DUBLIN, Oct. 14, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/nz6l2h/global) has announced the addition of the "Global Analytics-as-a-Service Market - By Deployment, Type, Industry, Geography and Vendors- Forecasts, Trends and Shares (2015 - 2020)" report to their offering.
The global Analytics-as-a-service market is expected to grow from $5.9 Billion in 2015 to $22.24 Billion in 2020, at a CAGR of 30.39% during the period 2015 to 2020.
The report provides an in-depth analysis of the Analytics-as-a-Service market across different industry verticals and regions. The Analytics-as-a-Service market is segmented across the Geographical regions namely North America, Europe, Asia Pacific and Rest of World. There is a huge access to cloud based Analytics in the North American and Europe regions but the Analytics-as-a-Service is still a niche market in Asia Pacific region.
The major driving forces of this market are lower cost of implementation in an organization especially for SMB which would require lesser capital expenditure. The Analytics-as-a-Service provides the tailored and customized solutions according to the needs of business. The other factors that fuel the growth are resource constraints to setup, budget optimization, agility and better control over data. At the same time the uncertain ROI is posing a major challenge to this market followed by issues in acquisition and integration of data sources and lack of proper big data strategies.
The Global Analytics-as-a-service market has been segmented on the basis of
- Deployment (Public cloud, Private cloud, and Hybrid)
- Type of Data (Data-at-Rest Analytics and Data-in-Motion Analytics)
- Industry (Telecom and Information Technology, Banking and Financial Service, Oil and Gas, Manufacturing, Healthcare, Local/Central Government, Travel and Transport, Retail, Entertainment and Media, and Others)
- Geography (North America, Europe, Asia Pacific, and RoW).
The report also considers key trends that will impact the industry and profiles of leading suppliers of Analytics-As-A-Service Market. Some of the top companies mentioned in the report are EMC, IBM, Bison Analytics, Amazon, SAS, Oracle, Atos, HP, Microsoft, Google, Host Analytics, Intel, Quantivo, 1010data, Opera Solutions, HPCC Systems, and among others.
For more information visit http://www.researchandmarkets.com/research/nz6l2h/global
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SOURCE Research and Markets