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Global Analytics as a Service Market 2016-2020 - Increased Adoption of Data Analytics a Key Driver - Research and Markets

[February 05, 2016]

Global Analytics as a Service Market 2016-2020 - Increased Adoption of Data Analytics a Key Driver - Research and Markets

Research and Markets (http://www.researchandmarkets.com/research/q56pbq/global_analytics) has announced the addition of the "Global Analytics as a Service Market 2016-2020" report to their offering.

The global AaaS market is predicted to grow at a CAGR of 29.08% during the period 2016-2020.

AaaS products include cloud-based BI solutions and SaaS (News - Alert)-based social media AaaS. Cloud BI solutions involve effectively delivering business analytics solutions to customers at low cost. SaaS-based social media AaaS involves remote positioning of different tools, which helps collect data, analyze the trends and patterns of visitors, and find better ways to serve customers.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the comingyears. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the most prominent drivers of the market is the increased adoption of data analytics. Most of the benefits of data analysis come from its ability to recognize patterns and make experience-based predictions. Organizations are adopting data analytics to determine consumption patterns, customer acquisition, and other ways to increase revenue, cut costs, and maintain customer loyalty.

Companies Mentioned: