Cloud Analytics expected to boost the Market during 2017-2025

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.

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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.

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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.

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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.

Penetration of Cloud Computing to Trigger Adoption of Cloud Analytics

San Francisco, California, August 02, 2017: The growing penetration and use of cloud data is factor that is likely to have influence on the global cloud analytics market in the years ahead, states TMR Research in a research report. The report is titled, “Cloud Analytics Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025.”

The expanding entrance of cloud computing is having a principal impact on the worldwide market for cloud analytics. Over the coming years, this market is probably going to multiply broadly crosswise over different districts, for example, Europe, North America, the Middle East and Africa, Asia Pacific, Latin America. Among these, North America has surfaced as the main supporter of this worldwide market advertisement is relied upon to keep up its matchless quality throughout the following couple of years. The growing rate of industrialization and the expanding utilization of programming arrangements in business operations are relied upon to help the market for cloud investigation in North America considerably in the years to come.

Other regional markets for cloud examination are similarly reporting sound development. Asia Pacific, among these, has been demonstrating the most development potential, because of the thriving economy and the quick ascent in the industrial segments. Latin America accounts for a considerable share in the global market for cloud analytics and is expected to advance exponentially in the years ahead.

With a persistent ascent in the utilization of computerized instruments over each conceivable use of associations and the growing volumes of advanced information created by countless digital terminals, viable methods for storing and accessing, utilizing, and investigating this information to get good knowledge have been for some time long sought. Of the few advances to have developed because of these necessities, cloud computing has set up itself as a standout amongst the most solid, adaptable, conservative, and productive of the lot.

Huge progressions in cloud computing technologies and the development of enormous information are a portion of the key drivers of the worldwide cloud investigation advertise. Organizations are utilizing cloud analytics devices to meet the present business needs, increment representative versatility, beat absence of IT mastery, and increasing feasible benefits in the midst of high working expenses and bringing net revenues due down to exceptional market rivalry.

Region-wise, the market has been segmented into the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. The key players operating in the market are Tibco Software, Rackspace, Panorama Software, Google Inc, IBM, Gooddata Corporation, Microsoft Corporation, Cloud9 Analytics, and Oracle Corp, among many others.

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