Analytics as a Service Market Surges to $39.8 Billion by 2029 - Leading Companies Microsoft (US), IB

Sheetal2317 Jul, 2024Technology

The global Analytics as a Service Market size is anticipated to grow at a CAGR of 24.5% during the forecast period, from USD 13.3 billion in 2024 to USD 39.8 billion by 2029, according to a new report by MarketsandMarkets™. Due to various business drivers, the Analytics as a Service market is expected to grow significantly during the forecast period. The market is experiencing significant growth due to rise in demand for advanced analytics techniques due to increasing data volumes, increasing availability of data connectivity through multi-cloud and hybrid environments, and the proliferation of big data, IoT devices, and digital transformation initiatives across industries.