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Insights-as-a-Service Market by Application, Type, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2021

Insights-as-a-Service Market: Global Forecast until 2021

  • December 2016
  • 129 pages
  • ID: 4523635
In this report:
The table given below highlights the Insights-as-a-Service market size on the basis of types in the U.S. The descriptive insights market is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at a CAGR of ##.##% during the forecast period.
The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at a CAGR of ##.##%.

Summary

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"Business growing IT spend and growing demand for customer life cycle management are forecast to steer the global Insights-as-a-Service market"

The Insights-as-a-Service market size is forecasted to grow from ~$1.2B in 2016 to ~$3.3B by 2021, at a Compound Annual Increase rate of 23.50 percent due to the need for businesses to gain IT expenditure and better customer life cycle management. Nevertheless, lack of knowledge among the end users and high installation costs associated to sensor data analytics are the main restraints in the global increase of the market.

"Revenue cycle management is anticipated to be the most promising solution during the estimate period"

The implementation of revenue cycle management among businesses is anticipated to grow with the biggest industry size during the outlook period. The factors driving this industry contain the need to recognize anomalies in revenue cycle and improving customer onboarding, which can be used by businesses to make informed decisions when it comes to understand the financial processes and improving customer interactions. The RCM application helps deliver actionable insights to businesses in order to overcome the complexities faced in carrying out different business activities.

"The prescriptive insights type is projected to dominate the Insights-as-a-Service market share during the estimate period"

The prescriptive insights type of Insights-as-a-Service market is projected to have the more considerable market share. Prescriptive insights and analytics services demand is growing widely due to its benefit of anticipating not only what has and could happen, but also why it happened and what can be done for it. This provides businesses with in depth insights about the whole scenario making it easy for businesses to take efficient decisions. The rising demand of supply chain production and scheduling optimization is a main driver of prescriptive insights type.

"Asia-Pacific is forecasted to witness more significant rise during the outlook period and North America (NA) is intended to hold the largest part of market share during the estimate period"

Asia-Pac is anticipated to grow with the maximal rate during the outlook period. Software firms in the Asia-Pacific regions are facing high pressure to rise agility and enhanced efficiency with digital transformation due to growing expectations of customers and high competition with the established actors. This creates an opportunity for the Insights-as-a-Service solution and service providers.

North America continent is forecasted to hold the biggest market share and dominate the Insights-as-a-Service market in 2016. There are several factors that contribute to this increase; they are presence of big enterprises with employees who possess strong technical skills, growing technologically advanced solutions and services, high penetration into the increasing sectors of the market, and greater efficiency of software-as-a-service -based solution in the front office.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with top industry personnel. The distribution of profiles of primary discussion participants is presented below:

- By Company category: Tier-1 (18.0 percent), Tier-2 (31.0 percent), and Tier-3 (51.0 percent) firms

- By Designation: C-level (42.0 percent), Director Level (33.0 percent), and Others (25.0 percent)

- By area: North america (NA) (47.0 percent), Europe (31.0 percent), APAC (14.0 percent), and Rest of World (8.0 percent)

Segment Research

The overall Insights-as-a-Service market has been split on the basis of type, application, deployment model, organization size, vertical and area. The different types of study included in the market research contain Insights-as-a-Service cloud ecosystem, value chain study, competitive landscaping, and market forces.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the Insights-as-a-Service market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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