Cloud Analytics Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Cloud Analytics Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : August, 2021 | Technology & Media

Report Digest


Global Cloud Analytics Market: Snapshot

The increasing penetration of cloud computing is having the most significant influence on the global market for cloud analytics. Over the coming years, this market is likely to proliferate extensively across various regions, such as Europe, North America, Asia Pacific, the Middle East and Africa, Latin America. North America has surfaced as the leading contributor to this global market ad is expected to maintain its supremacy over the next few years. The high level of industrialization and the increasing usage of software solutions in business operations are expected to boost the market for cloud analytics in North America substantially in the years to come.

Other regional markets for cloud analytics are also reporting healthy growth. Asia Pacific, among these, have been showing the most significant growth potential, thanks to the flourishing economy and the swift rise in the industrial sectors. Latin America also holds a substantial share in the worldwide market for cloud analytics and is anticipated to progress exponentially over the forthcoming years.

Researchers consider the enterprises functioning in this region as the most innovative and tech-savvy. These enterprises need to have a competitive edge over their competitors, owing to which they are encouraged to explore advanced technologies and come up with state-of-art cloud solutions for their clients, which, as a result, is fueling the demand for cloud analytics in Latin America. Apart from this, the increasing adoption of mobile technology and the extensive usage of social media are also expected to contribute considerably in the rise of the cloud analytics market in Latin America.

Global Cloud Analytics Market: Overview

With a continuous rise in the use of digital tools across every possible application of organizations and the mounting volumes of digital data produced by a vast number of digital terminals, effective ways of storing accessing, using, and analyzing this data to gain rich insights have been long sought. Of the several technologies to have evolved in response to these requirements, cloud computing has established itself as one of the most reliable, flexible, economical, and efficient of the lot. Cloud computing continues to affect how organizations, which are digitally connected and run, organize and use the data produced through their digital channels.

Much of the data storage, analysis, processing, and usage needs of modern-day digitally advanced companies are easily met by cloud technology. Conventional business intelligence and analytics are not capable enough to cope up with aspects such as changing employee mobility, numerous data access points, and data compliance, security, and safety concerns that invariably come clubbed with digitization. On the other hand, cloud-based solutions provide more flexibility and are capable of expanding or contracting quickly as needed by the user. Cloud business intelligence and analytics enable business leaders to share, manage, and store important data virtually by using mobile devices. In addition to offering these efficiency gains, the cloud is affordable, as the technology is supported by a subscription-based pricing structure and doesn’t incur a huge infrastructure expense.

This report on the global cloud analytics market presents a thorough overview of the present state of the market and its segments and numerous forecasts regarding growth prospects over the period between 2017 and 2025. A detailed overview and analysis of factors such as trends, opportunities, growth drivers, restraints, global and regional regulatory scenarios, and competitive landscape, expected to have a profound impact on the way the market will growth over the said period.

Global Cloud Analytics Market: Drivers and Restraints

Vast advancements in cloud computing technologies and emergence of big data are some of the key drivers of the global cloud analytics market. Businesses are using cloud analytics tools to meet today’s business needs, increase employee mobility, overcome lack of IT expertise, and gain sustainable profits amid high operating costs and lowering profit margins due to intense market competition.

The demand for cloud analytics is also rising as the technology uses the pay-as-you use structure and software-as-a-service (SaaS) licensing structure, which does not require hardware and software installations on client site. The vast flexibility and ease of connectivity and data communication provided by cloud analytics tools are also some of the important factors compelling enterprises to choose cloud analytics over conventional data analytics solutions.

Global Cloud Analytics Market: Segmentation

The global cloud analytics market can be segmented into types such as predictive analytics, video analytics, spatial analytics, text analytics, web analytics, speech analytics, and machine analytics. The global cloud analytics market can be segmented on the basis of tools into cloud business intelligence tools, complex event processing, hosted data warehouse solutions, enterprise performance management, analytics governance and solutions, and risk and compliance solutions.

The market can be segmented on the basis of organization size into large enterprises, medium business and small business. Furthermore, the global cloud analytics market can be segmented on the basis of delivery modes and end-use industry verticals. The delivery modes segments are community cloud, public cloud, hybrid cloud, and private cloud. Key end-use industries utilizing cloud analytics solutions include banking and financial institutions (BFSI), insurance companies, retail and consumer goods, life sciences and healthcare, telecommunications, media and entertainment, consulting and business services, government, research and education, and manufacturing and energy

Companies Mentioned in the Report

Some of the key players operating in the global cloud Major players of the market are Cloud9 Analytics, Google Inc, Gooddata Corporation, IBM, Microsoft Corporation, Oracle Corp, Microstrategy, Panorama Software, Teradata, SAP, Rackspace, SAS Institite Inc., Tableau Software, Vmware Inc, PivotLink and Tibco Software.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?