Global SaaS-based Business Analytics Market to Reach US$32.8 Billion by 2030
The global market for SaaS-based Business Analytics estimated at US$14.2 Billion in the year 2023, is expected to reach US$32.8 Billion by 2030, growing at a CAGR of 12.7% over the analysis period 2023-2030. SaaS-based Business Analytics for Large Enterprises, one of the segments analyzed in the report, is expected to record a 12.5% CAGR and reach US$21.4 Billion by the end of the analysis period. Growth in the SaaS-based Business Analytics for SMEs segment is estimated at 13.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.9 Billion While China is Forecast to Grow at 17.0% CAGR
The SaaS-based Business Analytics market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.2 Billion by the year 2030 trailing a CAGR of 17.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.6% and 11.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.
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