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Insights-as-a-Service Market Worth 3.33 Billion USD by 2021
[December 15, 2016]

Insights-as-a-Service Market Worth 3.33 Billion USD by 2021


PUNE, India, December 15, 2016 /PRNewswire/ --

According to a new market research report "Insights-as-a-Service Market by Application (Revenue Cycle Management, Governance, Risk & Compliance, Customer Life Cycle Management), Type, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is expected to grow from USD 1.16 Billion in 2016 to USD 3.33 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.

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Browse 68 market data Tables and 48 Figures spread through 127 Pages and in-depth TOC on "Insights-as-a-Service Market"

http://www.marketsandmarkets.com/Market-Reports/insights-as-a-service-market-65595452.html 

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The major drivers of this market include the need for improved customer satisfaction and operational performance.

The descriptive insights market is estimated to dominate the Insights-as-a-Service Market share during the forecast period 

The descriptive insights segment is estimated to have the largest market share in the Insights-as-a-Service Market. Organizations' focus on offering specialized services to achieve greater customer experience and achieving operation efficiency at a reduced cost & time is driving the demand for insights services across the globe. The Insights-as-a-Service Market is growing at an exponential rate, since most of the players are focusing on providing specialized services for the businesses. A rapid growing demand for customer satisfaction with better and faster support through data insights and its reliable & efficient integration are some of the other drivers impacting the services market.

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"Customer life cycle management is expected to grow at a hgh CAGR during the forecast period" 



The customer life cycle management application of Insights-as-a-Service Market is witnessing a potential growth in comparison to other applications owing to the benefits it offers such as, lowered costs, improved productivity, and advanced data analytics. The BFSI, healthcare and life sciences, manufacturing, and many more verticals are opting for this application to quickly address customer queries and concerns, keeping in mind the long term benefits. They are additionally achieving a competitive advantage. The major players in this market are Accenture, Oracle, IBM, Deloitte, and Capgemini.

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"North America is the leading region in terms of market share in the Insights-as-a-Service Market space" 

North America is expected to hold the largest market share and dominate the Insights-as-a-Service Market in 2016, due to the penetration of large enterprises situated in this region with strong technically sound employees providing continuous innovative technologies, high penetration into the growing industries of the market, and greater efficiency of software-as-a-service based solution in the front office. These are some of the major driving factors contributing to the growth of cloud-based services and solutions in North America.

Major vendors covered in the Insights-as-a-Service Market for the study are Oracle Corporation (California, U.S.), Accenture Plc (Dublin, Ireland), International Business Machines Corporation (New York, U.S.), Deloitte Touche Tohmatsu Limited (New York, U.S.), Capgemini (Paris, France), NTT Data Corporation (Tokyo, Japan), Dell EMC (Massachusetts, U.S.), GoodData (California, U.S.), Zephyr Health (California, U.S.), and SmartFocus (London, U.K.).

Browse Related Report 

Analytics as a Service Market by Solution (Financial Analytics, Risk Analytics, Customer Analytics), Services, Analytics Type (Prescriptive, Predictive), Deployment Model, Organization Size, Verticals, and Regions - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/analytics-as-a-service-market-159638048.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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