Insight as a Service Application Market Size

Statistics for the 2023 & 2024 Insight as a Service Application market size, created by Mordor Intelligence™ Industry Reports. Insight as a Service Application size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Insight as a Service Application Industry

Insight as a Service Application Market Size
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Study Period 2019 - 2029
Market Size (2024) USD 5.99 Billion
Market Size (2029) USD 15.40 Billion
CAGR (2024 - 2029) 20.78 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Insight as a Service Application Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Insight as a Service Application Market Analysis

The Insight as a Service Application Market size is estimated at USD 5.99 billion in 2024, and is expected to reach USD 15.40 billion by 2029, growing at a CAGR of 20.78% during the forecast period (2024-2029).

The insight as a service application provides action plans, and it is similar to cloud-based services, which provide insights to business corporations and also help organizations with ideas to achieve their business goals. SaaS offerings provide analytics, along with insights. SMEs are heavily adopting insights as a service owing to various advantages of insight as a service such as immediate response, quick decision making, customer satisfaction, etc.

  • The major factor responsible for the growth of insight as a service application market is increasing IOT and big data analytics, along with the growing need for customer management. Companies are able to get customer insights in order to sell their products and services with the help of big data.
  • Many small and medium scale enterprises are adopting cloud-based insight-as-a-service due to the advantages such as improved decision making and quick response, customer satisfaction, which result in faster growth in revenue, thereby driving the market.
  • Data security, safety concern, and difficulty in data integration are hindering the growth of this market.

Insight as a Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)