Market Highlights
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.
The
cloud analytics market is witnessing currently; Market Research Future (MRFR)
in its recently published study report asserts that the global cloud analytics
market will reach to USD 26 Bn. by 2023, posting an 18% CAGR during the
assessment period 2017 – 2023.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4496
Owing
to the vital role of cloud analytics play, contributing to the growth of the
businesses, its market is growing pervasively with the rapid pace. The
proliferation of connected & smart devices, social networks, internal
applications, and the scalar size data they generate, escalate the market on
the global platform. Similarly, growing businesses augment the market demand
for cloud analytics.
Besides,
to the factors fostering the market growth include technological advancements
and the augmenting uptake of cloud analytics. On the other hand, factors such
as safety and security concerns brought about due to the cloud analytics still
being in the nascent stage, coupled with the reluctance of the market players
for investments inhibit the market growth.
Major Key players
The
cloud analytics market holds some of the prominent key players in the market
like SAP SE (Germany), Oracle corporation (U.S.), Microsoft corporation (U.S.),
IBM corporation (US), Hewlett Packard Enterprise (U.S.), SAS Institute Inc
(U.S.), Google Inc (U.S.), Teradata corporation (U.S.), Informatica (U.S.),
Microstrategy Inc (U.S.), Salesforce Inc (U.S) and Tibco software Inc (U.S.)
and many other emerging players in the analytics, big data and cloud.
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 Analysis:
The
North America region leads the global cloud analytics market with the largest
market share. The market is growing due to the technical advancements coupled
with the well- established infrastructures in the region which is favorable for
the development of the technology. North America is expected to retain its
dominance during the forecast period, witnessing augmenting uptake backed by
the government’s programmes encouraging the advancements in cloud technologies.
The
Asia Pacific cloud analytics market is expected to register the highest CAGR in
the next six years, emerging as a lucrative market growing rapidly. The market
growth attributes to the extensive demand for the deployment of advanced cloud
analytics technologies that can provide a comprehensive support and real-time
access to the data that can empower enterprises to make faster business
decisions, understanding the business scenario quickly.
Also,
the aggressively growing market in India, expanding due to the government’s
efforts to promote Digital India Program, is contributing to the market growth
in the region to an extent.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/cloud-analytics-market-4496
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment