Cloud Analytics Market size was valued at US$ 35.21 Bn. in 2022 and the total revenue is expected to grow at 23.2 % through 2023 to 2029, reaching nearly US$ 151.68 Bn.
Cloud Analytics Market Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Cloud Analytics Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Cloud Analytics Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Cloud Analytics market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Cloud Analytics market. To understand Cloud Analytics market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Cloud Analytics market was conducted at a local, regional and global level to understand the Cloud Analytics market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Cloud Analytics market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
The primary and secondary data methods were used for the data collection for the Cloud Analytics Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Cloud Analytics Market
Cloud Analytics Market Regional Insights
The Cloud Analytics market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Cloud Analytics market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.
Cloud Analytics Market Dynamics:
The MMR report covers all the trends and technologies playing a major role in the growth of the Cloud Analytics Market over the forecast period. It highlights the drivers, restraints, and opportunities expected to mpact the market growth during 2023-2029.
Cloud Analytics Market Segmentation:
1. Global Cloud Analytics Market, by Solution (2023-2029)
• Cloud BI Tools
o Data Integration Tools
o Reporting and OLAP Tools
o CRM Software
o Hosted Data Warehouse Solutions
o Complex Event Processing
o Enterprise Information Management
o Enterprise Performance Management
o Governance, Risk, and Compliance
• Analytics Solutions
o Predictive Analytics
o Spatial Analytics
o Video Analytics
o Text Analytics
o Speech Analytics
o Web Analytics
o Machine Analytics
2. Global Cloud Analytics Market, by Deployment Mode (2023-2029)
• Public Cloud
• Private Cloud
• Hybrid Cloud
Public Cloud, Private Cloud, and Hybrid Cloud are the subsectors of the worldwide Cloud Analytics market. In 2023, the public cloud had the highest market share (40.26%). The market is expected to expand as a result of the growing trend in business culture toward a work-from-home environment and SMEs' growing reliance on public cloud services for efficient administration.
Nevertheless, in 2023, the Hybrid Cloud sector had the second-largest market share of %. Data is a crucial tool for creating business strategies. Data is being used by businesses more and more to gain a competitive edge. Businesses are actively focusing their efforts on coordinating and channeling crucial reference data. Businesses have started to invest in maintaining a consolidated data repository for easy access and enhanced data analysis.
3. Global Cloud Analytics Market, by Organization Size (2023-2029)
• SMEs
• Large Enterprises
4. Global Cloud Analytics Market, by Vertical (2023-2029)
• 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 segments make up the global market for cloud analytics. 20.12% of the market was accounted for by the BFSI sector in 2022. Cloud-based technologies are used by fintech companies to improve operational effectiveness and the client experience. The BFSI industry can offer a secure payment service, CRM and ERP system, secure storage of sensitive data, 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
Key questions answered in the Cloud Analytics Market are:
Which are the factors expected to drive the Cloud Analytics market growth?
What are the factors restraining the growth of the Cloud Analytics Market?
What is the demand pattern of the Cloud Analytics Market?
What major challenges could the Cloud Analytics Market face in the future?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size Forecast by different segment | 2023−2029
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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