Cloud Analytics Market to Witness a Pronounce Growth of 18% CAGR by 2023: Global Size, Share, Sales, and Regional Analysis Report 2018
(firmenpresse) - Market Highlights
Over the past couple of years, an increase business activity across the world is noted. With technology empowering these businesses, the adoption of cloud analytics is growing. It is identified as the primary booster for the global cloud analytics market growth. The high use of smart and connected devices is observed among people due to the ability of these devices to simplify life of people is expected to contribute the adoption of cloud analytics by their manufacturers. This is likely to contribute to the expansion of the cloud analytics market. The generation of online data is huge and especially with the emergence of social networking, digital information is surging. Cloud analytics can effectively make procedures, such as data storage and data sharing seamless. In addition, cloud models and data analytics models are noted to contribute to the enhanced performance of cloud analytics. These factors are likely to positively impact the cloud analytics market. Technological advancements are observed to effectively boost the cloud analytics market. On the contrary, safety and security concerns revolving cloud analytics, as it is still in the nascent stage of development, is expected to hinder its market expansion. In addition, the reluctance of key players of the market can inhibit the expansion of the market.
Market Research Future (MRFR), in its recently published “Cloud Analytics Market” report, reveals that the global market of cloud analytics holds immense potential to expand across the forecast period of 2017 to 2023. As per MRFR’s report, the worldwide market of cloud analytics is expected to thrive at a lucrative CAGR of 18% CAGR during the assessment period and attain a valuation of USD 26 Bn by 2023.
Competitive Analysis
Cloud Analytics market size is observed to experience high competition in the years to come. The presence of several skillful developers of cloud analytics, along with new entrants are expected to churn the market competition. The worldwide cloud analytics market is expected to expand through mergers and acquisitions, strategic partnerships, and collaboration among market players. At the same time, the market is expected to benefit from the intensifying competition among players of the market.
Key Players
MRFR listed a few eminent players of the cloud analytics market in the report. They are; SAP SE (Germany), Oracle Corporation (US), Tibco Software Inc (US), Hewlett Packard Enterprise (US), Microsoft Corporation (US), IBM Corporation (US), Teradata Corporation (US), SAS Institute Inc (US), Informatica (US), Google Inc (US), Salesforce Inc (US), and Microstrategy Inc (US).
Detailed Regional Analysis
The cloud analytics market in the North America region is likely to lead in the global market holding the grand share of the market. The firm technical base and existence of well-established developers are expected to surge the cloud analytics market in North America. In Asia Pacific, the cloud analytics market is anticipated to garner the highest CAGR in the years of evaluation. Cloud analytics technologies empowering enterprises that aid in making faster business decisions are expected to propel the regional market.
Segmentation:
The global market of cloud analytics segmental study is based on type, deployment, pricing model, solution, and end-user. By type, the market is segmented into Large Enterprises and SMEs. By deployment, the market is sectioned into public, hybrid cloud, and private. By pricing model, the market is split into pay per use and subscription-based. By solution, the market is classified into Enterprise performance management (EPM), Cloud BI, Risk & Compliance, Data Warehousing Solutions (DWS), Analytics Solutions, and others. By End-user, the market is classified into BFSI, consumer electronics, media, healthcare, retail, government, education, and others.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/cloud-analytics-market-4496
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