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||Product code||409213|
|Published||Content info||129 Pages
Delivery time: 1-2 business days
|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: December 15, 2016||Content info: 129 Pages||
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 deliver actionable insights to businesses in order to overcome the complexities faced in carrying out various business activities.
The prescriptive insights type of Insights-as-a-Service market is estimated to have the highest market share. Prescriptive insights and analytics services demand is increasing 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 increasing demand of supply chain production and scheduling optimization is a major driver of prescriptive insights type.
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. North America is expected to hold the largest market share and dominate the Insights-as-a-Service market in 2016. There are various factors that contribute to this growth; they are presence of large enterprises with employees who possess strong technical skills, increasing technologically advanced solutions and services, high penetration into the growing industries of the market, and greater efficiency of software-as-a-service (SaaS)-based solution in the front office.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of profiles of primary discussion participants is given below:
The list of Insights-as-a-Service vendors profiled in the report is as follows:
The global Insights-as-a-Service market has been segmented on the basis of type, application, deployment model, organization size, vertical and region. The various types of analysis covered in the study include Insights-as-a-Service cloud ecosystem, value chain analysis, competitive landscaping, and market dynamics.
The report will help the market leaders/new entrants in this market in the following ways:
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.