Industry Background:
Cloud analytics is defined as the type of cloud service model which includes numerous solutions such as on-demand business intelligence, data warehouses, among others. It is widely used in large, medium and small enterprises. Various advantages of cloud analytics such as flexible and faster adoption, no upgrade costs or issues, readily-available data models, among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | SAP SE (Germany), Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), Teradata Corporation (United States), Google Incorporation (United States), Hewlett-Packard (United States), SAS Institute Inc. (United States), Tableau Software (United States) and MicroStrategy Incorporated (United States) |
This growth is primarily driven by Rising Demand of Big Data and Quick and Easy Implementation of Cloud Analytics and Highly Cost Benefits of Cloud Analytics and Exponential Growth of Unstructured and Structured Data.
Globally, a noticeable market trend is evident Rising Adoption Rate of Cloud Analytics across all Industries such as BFSI, Retail, and Consumer Goods, among others The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SAP SE (Germany), Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), Teradata Corporation (United States), Google Incorporation (United States), Hewlett-Packard (United States), SAS Institute Inc. (United States), Tableau Software (United States) and MicroStrategy Incorporated (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global cloud analytics market is highly fragmented with too many small players across various regions such as SAP SE (Germany), Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), among others.
Key Developments in the Market:
In June 2019, the Google Incorporation (United States) company has announced plans to acquire a data analytics platform for more than USD 2.6 billion. Hence, this acquisition will help to enhance the growth of the revenue of cloud analytics market.
In April 2018, the SAS Platform has updated and expands AI in Viya cloud analytics tools, which includes natural language generation capabilities in order to explain analytics results to business users. Hence, this initiative will help to enhance the growth of the market in the future.
Influencing Trend:
Rising Adoption Rate of Cloud Analytics across all Industries such as BFSI, Retail, and Consumer Goods, among others
Market Growth Drivers:
Rising Demand of Big Data and Quick and Easy Implementation of Cloud Analytics and Highly Cost Benefits of Cloud Analytics and Exponential Growth of Unstructured and Structured Data
Challenges:
Issue related to Traditional Data Warehouses and Difficulties in Running I/O Intensive Applications and Lack of awareness of cloud analytics solution
Restraints:
Issue related to Data Security & Availability and Application Performance Concerns
Opportunities:
Increasing Usage of Cloud Analytics Over Traditional Bi Solutions and Insufficient In-House It Expertise and Equipment Worldwide and Rising Adoption of Private Cloud and Public Cloud across the World
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Analytics Market
- Analysis about New Entrants in Cloud Analytics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Analytics Study Sheds Light on
The Cloud Analytics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.