The global analytics as a service market is expected to grow at a CAGR of 27.6% during the forecast period. Cloud and Big Data are two of the trends that define the emerging enterprise computing and creates a lot of potential and opportunities for a new era of combined applications. The establishment of Big Data analytical capabilities along with the cloud delivery models makes it easy for the adoption by many companies. Moreover, the analytics as a service provides personalized access to centrally managed information data groups, which in turn decreases various delays faced by the data scientists, business analysts, and other information users. This increases the adoption of analytics as a service solution and hence fuels the growth of global analytics as a service industry.
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The primary factors that fuel the growth of the analytics as a service market include the rising demands for the advanced and developed technologies to process high workload via cloud-based services and increased adoption and usage of social media platforms. Additionally, analytics as a service offers a number of benefits that include predictions based on experiences and capabilities to identify the patterns, which tend to develop a huge demand for the growth of the market in the near future. However, data security is the factors that hinder the growth of the market over the forecast period.
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Global Analytics as a Service Market Segmentation
By deployment
· Public cloud
· Private cloud
· Hybrid
By Industry
· IT & Telecom
· BFSI
· Manufacturing
· Healthcare
· Retail & Wholesale
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
