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.
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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
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