Cloud Analytics Market Overviews

Cloud analytics involves the use of cloud computing technologies to perform data analysis, including business intelligence (BI), data processing, and advanced analytics. It allows organizations to leverage cloud infrastructure to store, manage, and analyze large volumes of data efficiently, offering scalable and flexible solutions that can adapt to changing business needs.

Increased Data Volume: The exponential growth in data generated by organizations drives the need for scalable cloud-based analytics solutions.
Demand for Real-Time Insights: Organizations seek real-time data analysis to make faster, data-driven decisions.
Cost Efficiency: Cloud analytics reduces the need for significant upfront investment in hardware and software, providing a cost-effective solution.

Cloud Analytics Market CAGR Estimation:

Cloud Analytics Market size was valued at USD 43.37 Bn. in 2023 and the total revenue is expected to grow at 23.2 % through 2024 to 2030, reaching nearly USD 186.87 Bn.

Cloud Analytics Market Scope and Methodology:

The cloud analytics market refers to the segment of the broader analytics market that focuses on delivering analytics services and solutions via cloud computing platforms. These services include data processing, data warehousing, business intelligence (BI), and advanced analytics, which are hosted and managed on cloud infrastructure. The scope covers various types of cloud analytics solutions such as public, private, and hybrid cloud analytics.

Data Collection:Primary Research: Involves gathering data through interviews, surveys, and discussions with key stakeholders, including cloud service providers, technology vendors, end-users, and industry experts. This helps in obtaining real-time insights into market trends, challenges, and opportunities.
Secondary Research: Utilizes existing information from reputable sources such as market reports, industry publications, company websites, and financial reports. This helps in understanding historical trends, market dynamics, and the competitive landscape.

Data Analysis:Quantitative Analysis: Employs statistical techniques to analyze numerical data, including market size, growth rates, and segment performance. This includes forecasting market trends and growth projections.
Qualitative Analysis: Focuses on non-numerical data to understand market dynamics, consumer preferences, and strategic initiatives. This involves analyzing market drivers, restraints, and opportunities.

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Cloud Analytics Market Regional Insights:

North America: United States, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, and other European countries
Asia-Pacific: China, Japan, India, South Korea, Australia, and other Asia-Pacific countries
Latin America: Brazil, Argentina, and other Latin American countries
Middle East & Africa: UAE, Saudi Arabia, South Africa, and other Middle Eastern and African countries

Cloud Analytics Market Segmentation:

by Solution

Cloud BI Tools
Data Integration Tools
Reporting and OLAP Tools
CRM Software
Hosted Data Warehouse Solutions
Complex Event Processing
Enterprise Information Management
Enterprise Performance Management
Governance, Risk, and Compliance
Analytics Solutions
Predictive Analytics
Spatial Analytics
Video Analytics
Text Analytics
Speech Analytics
Web Analytics
Machine Analytics

by Deployment Mode

Public Cloud
Private Cloud
Hybrid Cloud

Public cloud, private cloud, and hybrid cloud are the three subsectors of the worldwide cloud analytics market. In 2023, the public cloud accounted for 40.26% of the market share. This market is expected to expand as a result of SMEs' increased reliance on public cloud services for efficient administration and the growing trend in corporate cultures toward work-from-home policies.

But in 2023, the Hybrid Cloud category had the second-largest market share (23%). An essential tool for creating business strategies is data. Businesses are depending more and more on data to provide them a competitive edge. Businesses are actively focusing their energies on organizing and harmonizing vital reference data. Businesses are starting to spend money maintaining a central data repository for easier access and better data.

by Organization Size

SMEs
Large Enterprises

by Vertical

BFSI
Retail and Consumer Goods
Healthcare and Life Sciences
Media and Entertainment
Government
Telecom and IT
Research and Education
Energy
Manufacturing
Others

The BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Media and Entertainment, Government, Telecom and IT, Research and Education, Energy, Manufacturing, and Others verticals make up the subsegments of the worldwide cloud analytics market. In 2023, the BFSI category accounted for 20.12% of the total market share. Cloud-based technologies are used by fintech companies to improve client experience and increase operational efficiency. The BFSI industry can offer secure payment services, CRM and ERP systems, safe storage for confidential information, and regulatory compliance thanks to the use of cloud analytics.

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Cloud Analytics Market Key Players:

1. SAP SE
2. Oracle Corporation
3. Microsoft Corporation
4. IBM Corporation
5. Teradata Corporation
6. Google Incorporation
7. Hewlett-Packard
8. SAS Institute Inc.
9. Tableau Software
10. Microstrategy
11. Vmware, Inc.
12. Tibco Software
13. Teradata
14. Rackspace
15. Qlik Technologies Inc.
16. Pivotlink, Panorama Software
17. Oracle Corp.
18. Newvem
19. Microstrategy
20. Kognitio, Jaspersoft
21. Information Builders
22. Informatica
23. Infor Global Solutions Inc.
24. AWS
25. Sisense
26. Atos
27. Cloudera

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Key questions answered in the Cloud Analytics Market are:

• What is Cloud Analytics?
• What was the Cloud Analytics market size in 2024?
• What is the growth rate of the Cloud Analytics Market?
• Which are the factors expected to drive the Cloud Analytics market growth?
• What are the different segments of the Cloud Analytics Market?
• What growth strategies are the players considering to increase their presence in Cloud Analytics?
• What are the upcoming industry applications and trends for the Cloud Analytics Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Cloud Analytics Market?
• Who are the leading companies and what are their portfolios in Cloud Analytics Market?
• What segments are covered in the Cloud Analytics Market?
• Who are the key players in the Cloud Analytics market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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