Cloud Analytics Market 2019 Development Strategy, Sales Revenue, Key Vendors Analysis, and Industry Growth With 18% of CAGR by Forecast 2023

Jul 15, 2019

Cloud Analytics Market, By Organization Type (SME’s & Large), By Deployment (Private, Public and Hybrid), By Pricing Model (Subscription based & pay per use)

Pune, India - July 15, 2019 /MarketersMedia/ —

Market Highlights

The global cloud analytics market size is estimated to reach USD 26 billion by 2023, as per an in-depth report by MRFR. The capacity of cloud computing to allow scaling of operations is the primary driver of the market. The migration of sensitive data to cloud is expected to spur the cloud analytics market growth.

The cloud analytics market is rising pervasively over the past couple of years mainly due to the increasing number of business, worldwide. The technology is empowering the businesses to grow exponentially without worrying about the scalar size and the speed the data gets accumulated with or the challenges it bringing along.

High volume of unstructured data can present a lucrative opportunity for the market. Companies are relying on social media channels present in the form of tweets, photos, comments, and others to gain insights on customer patterns. The continuous growth of this cluster of data supported by the growing number of Internet users is likely to bode well for the cloud analytics market.

But concerns regarding privacy can pose a challenge to the market.

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Segmentation

The MRFR analysis is segmented into six key dynamics: -

By Types: SME’s and Large Enterprises

By Deployment: Private, Public and Hybrid cloud

By Pricing Model: Subscription-based and Pay per use among others.

By Solution: Cloud BI, Enterprise performance management (EPM), Data Warehousing Solutions (DWS), Risk & compliance, and Analytics Solutions among others.

By End-user: Consumer Electronics, BFSI, Retail, Media, Government, Healthcare and Education among others.

By Region: North America, Europe, Asia Pacific (APAC), and Rest-of-the-World.

Regional Outlook

North America leads the global cloud analytics market thanks to adoption of latest technological infrastructure and continuous developments. It can enjoy a steady growth rate owing to supportive government policies. The growth witnessed in big data and various novel methods designed to store voluminous data can drive market growth.

The Asia Pacific is bound to expand at an ascending trajectory due to deployment of cloud solutions by enterprises for fetching relevant data. This can empower organizations in making business decisions at a robust rate. India is expected to contribute to the market thanks to policies such as Make in India.

Key Players

Prime players include SAP SE, Oracle Corporation, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise, SAS Institute Inc, Google Inc, Teradata Corporation, Informatica, Microstrategy Inc, Salesforce Inc, and Tibco Software Inc. In 2019, Vodafone Idea Limited, one of the biggest telecom operators, signed a deal with IBM for five years which would include modernization of IT infrastructure. The company plans to leverage on cloud services of the latter to expand their customer base.

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List of Figures

FIGURE 2 CLOUD ANALYTICS MARKET, BY ORGANIZATION TYPE (%)

FIGURE 3 CLOUD ANALYTICS MARKET, BY DEPLOYMENT (%)

FIGURE 4 CLOUD ANALYTICS MARKET, BY PRICING (%)

FIGURE 5 CLOUD ANALYTICS MARKET, BY SOLUTIONS (%)

FIGURE 6 CLOUD ANALYTICS MARKET, BY END USER (%)

FIGURE 7 CLOUD ANALYTICS MARKET, BY REGION (%)

FIGURE 8 NORTH AMERICA CLOUD ANALYTICS MARKET, BY ORGANIZATION TYPE (%)

FIGURE 9 NORTH AMERICA CLOUD ANALYTICS MARKET, BY DEPLOYMENT (%)

FIGURE 10 NORTH AMERICA CLOUD ANALYTICS MARKET, BY PRICING (%)

FIGURE 11 NORTH AMERICA CLOUD ANALYTICS MARKET, BY SOLUTIONS (%)