Global Cloud Analytics Market

New York City, NY, 25 November, 2019/ 24 Market Reports: The global cloud analytics market was valued at USD 11.275 billion in 2017 and is projected to reach USD 37.812 billion in 2023 exhibiting a CAGR of 22.37% during the forecast period of 2017 to 2023. Owing to the use in large, medium as well as small enterprises the global cloud analytics market is been observing a significant growth in recent years. Cloud analytics has evolved from the diffusion of data analytics and cloud computing technologies. Public cloud, private cloud, hybrid cloud, and community cloud are the four delivery models through which the cloud analytics solutions can be delivered.

Hosted data warehouse solutions, cloud business intelligence tools, analytics solutions, governance, risk and compliance, enterprise performance management, enterprise information management, and complex event processing are the segmentation for the market based on solutions. Predictive analytics, machine analytics, web analytics, speech analytics, text analytics, video analytics, and spatial analytics are the categories for analytics solutions.

The exponential growth of unstructured and structured data is the major factor driving the growth for the market

The exponential growth of unstructured and structured data is the major factor driving the growth of the cloud analytics market. To deal with such a huge amount of data and drawing inference out of the businesses take the use of cloud analytics solutions. However, the global economic slowdown will act as a restraining force the growth of this market.

The emergence of big data is one of the factors which is propelling the growth of the market during the forecast period

Major factors driving the Cloud Analytics market growth include easy installation features of cloud analytics services and the emergence of big data. Another factor contributing to growth is the high adoption rate of cloud analytics across all industries. Increasing demand for cloud analytics for text analytics for use in fraud detection and security management applications is also expected to accelerate the growth of the industry.

North America is expected to dominate the market during the forecast period

North America is dominating the global cloud analytics market and domination is expected to continue the domination for the next five years. The high degree of industrialization and growing use of software solutions in business activities is driving the growth of the market in the region. With its rapidly growing industrial sectors and flourishing economy, Asia-Pacific is a promising market and is expected to show the substantial growth in this market.

The following are the major objectives of the study:

• To define, describe, and global cloud analytics market on the basis of product, application, and region.
• To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
• To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
• To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
• To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
• To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global cloud analytics market.

 Critical Questions which the report answers:

• What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
• What are the key revenue generating pockets for global cloud analytics market and their future potential during next decade?
• How competitive landscape is evolving in global cloud analytics market?

Major Industry Outlook of Cloud Analytics