MarketsandMarkets forecasts the global Analytics as a Service (AaaS) market size to grow from USD 4.3 billion in 2019 to USD 12.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period, 2019?2024. The major growth factors of the AaaS market include the increasing awareness of IoT devices among organizations, the ability to manage huge workloads on the cloud, and the adoption of big data analytics solutions for analyzing data, which helps make faster business decisions.
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