What is Cloud Analytics Platform Market?
Cloud analytics platform is a software to manage costs and increase organization’s insight. Since, the cloud services is becoming complex in IT, its governance and optimization is getting difficult. The cloud analytics software increases the management capabilities to overcome this issues. In addition it manages the budget allocated to cloud services. Cloud analytics platform provides clarity to resource usage which helps in decision making.
Highlights from Cloud Analytics Platform Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Google (United States), Oracle (United States), SAP (United States), Centilytics (United States), CenturyLink (United States), Certero (United Kingdom), Chartio (United States), Clear Story Data (United States), Cloudability (United States) and Cloudyn (Israel) |
Cloud Analytics Platform market is a fragmented market due to the presence of various players. The players are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Analytics Platform market throughout the forecasted period.
Google (United States), Oracle (United States), SAP (United States), Centilytics (United States), CenturyLink (United States), Certero (United Kingdom), Chartio (United States), Clear Story Data (United States), Cloudability (United States) and Cloudyn (Israel) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Good Data (United States), Keboola (United States), Nutanix (United States) and Software ONE (Switzerland). Cloud Analytics Platform Market Segmentation:
Scope | Sub-Segments |
---|
Components | Augmented analytics,Self Service Analytics,Governed analytics |
Organization Size | SMEs,Large Enterprises |
Industry Vertical | BFSI,Consumer Electronics,Retail,Healthcare,Media and Entertainment,Government,Education,Energy and Power,Communication and Technology,Manufacturing,Others |
Deployment model | Private Cloud,Public Cloud,Hybrid Cloud |
Pricing model | Subscription based,Pay per use |
Solution | Cloud BI,Enterprise Performance Management,Data warehousing solutions,Risk and Compliance,Analytics solutions |
On the basis of geography, the market of Cloud Analytics Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing usage of cloud based business analytics in SMEs is driving the market. There has been increasing investments in business intelligence and analytics tools by the organizations. The executives are also exploring different analytics tools which is increasing the market growth
Challenges:
Stiff Competition among the Major Players and Growing Security Concerns
Restraints:
Low Volume of Data in Small and Medium Enterprises
Opportunities:
Increasing Awareness about the Cloud Business Analytics Software and Growing Structured and Unstructured Data in Large Enterprises
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
On 7th June 2019, Google has acquired Looker. This acquisition will help the company to expand the business.
On 24th September 2019, the cloud data company has launched Cloudera data platform. This platform is easy to deploy, manage and use.