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

[December 21, 2016]

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

Research and Markets has announced the addition of the "Insights-as-a-Service Market - Global Forecast to 2021" report to their offering.

The Insights-as-a-Service market size is estimated 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% due to the need for businesses to increase IT expenditure and better customer life cycle management. However, lack of knowledge among the end users and high installation costs associated to sensor data analytics are the major restraints in the overall growth of the market.

The implementation of revenue cycle management among businesses is expected to grow with the largest market size during the forecast period. The factors driving this sector include the need to identify 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 delivr actionable insights to businesses in order to overcome the complexities faced in carrying out various business activities.

APAC is expected to grow with the highest rate during the forecast period. Software companies in the APAC region are facing high pressure to increase agility and improved efficiency with digital transformation due to increasing expectations of customers and high competition with the established players. This creates an opportunity for the Insights-as-a-Service solution and service providers.

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