San Francisco, California, December 07, 2018: The vast rise in adoption of cloud-based applications and services across the enterprise sector has been allowing the promising expansion of the global cloud analytics market and is likely to drive the market in the years ahead as well, states TMR Research in a recent market research report. The report is titled, “Cloud Analytics Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017–2025.”
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Cloud analytics has progressed from the combination of cloud computing and data analytics technologies. In the past few years, cloud analytics has been gaining traction and is widely used in small-sized, mid-sized, and large enterprises worldwide. There has also been a notable rise in growth in Big Data, which is one of the key factors projected to drive the global cloud analytics market throughout the forecast period.
In addition, the cost benefits and easy and quick implementation of several data-based processes and applications provided by cloud analytics are further expected to fuel the growth of the industry in the coming years. However, issues regarding application performance and data security could negatively affect the market, curtailing the growth of the overall industry in the near future.
Geographically, the report analyzes the cloud analytics market in regions such as Europe, Asia Pacific, Latin America, North America, and Middle East and Africa. Among these regions, the market in North America is anticipated to account for the largest share in the global cloud analytics industry over the report’s forecast period. The fast-paced growth of this region can be attributed to the increasing use of software solutions in several business activities and rapid industrialization.
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Some of the leading companies in the global cloud analytics market are Microsoft Corporation, Google Inc, IBM, Microstrategy, Cloud9 Analytics, PivotLink, Teradata, Panorama Software, SAP, Tibco Software, and Vmware Inc.