What is Analytics as a Service (AaaS)?

Analytics as a Service (AaaS) is a cloud-based service that provides businesses with analytics capabilities, such as data analysis, data visualization, and predictive modeling, without the need for on-premises infrastructure.

How big is Analytics as a Service Market?

The Global Analytics as a Service Market size is expected to be worth around USD 320.9 Billion by 2033, from USD 29.4 Billion in 2023, growing at a CAGR of 27.0% during the forecast period from 2024 to 2033. The Global Analytics as a Service Market size is expected to be worth around USD 320.9 Billion by 2033, from USD 29.4 Billion in 2023, growing at a CAGR of 27.0% during the forecast period from 2024 to 2033.

Who are the prominent players operating in the analytics as a service (AaaS) market?

Some of the prominent players operating in the Analytics as a Service (AaaS) market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute, Amazon Web Services Inc., Accenture plc, SAP SE, Hitachi Ltd., MicroStrategy Incorporated, Dell Inc., BAE Systems plc, Cloudera Inc., Other Key Players

Which are the driving factors of the analytics as a service (AaaS) market?

The key driving factors of the Analytics as a Service (AaaS) market include the increasing volume of data generated by businesses, the growing adoption of cloud computing, the need for advanced analytics capabilities, and the demand for real-time analytics.

Which region will lead the global analytics as a service (AaaS) market?

In 2023, North America emerged as the leading regional market in the Analytics as a Service (AaaS) segment, capturing a dominant share of over 38.5% .