The Cloud Analytics Market is expected to grow from USD 23.8 billion in 2020 to USD 78.5 billion by 2026 at a CAGR of 22% from 2020 to 2026.
Cloud analytics defined as the service which enables analyzing data through the remote private or public resources known as cloud. The methods and analytic tools of cloud analysis help in categorizing the data after gathering useful data from the huge amount of data. This eliminates the costs for data storage and computing resources in the working field and makes the process easier for business intelligence. The cloud analytics also enhances the efficiency of business operations and enhances collaboration and data observations. There has been a surge in the demand across businesses for cloud analytics to obtain useful insights from unstructured data to fuel the market. With the rising digitalization large amount of data is produced and leading companies use this data for strategic decision making. Additionally, the cloud analytics not only assists organizations in making strategic decisions but also in enhancing customer satisfaction, offers high operational efficiency and strong profit and revenue levels. Internet of Things (IoT) has been produced a large volume of data daily, thus there is a significant demand among the businesses to implement a cost-effective delivery model to gather data in a streamlined way and to have a great insight into the data they own. The use of a cloud analytics platform helps businesses to obtain valuable insights from the data which they have produced. Furthermore, there has been a rising demand for a dependable, efficient, and flexible data storage platform. Apart from this, the security and privacy issues for confidential data will hinder the cloud analytics market growth
In addition to this, the increasing penetration of software-as-a-service (SaaS) among businesses has had a positive impact on the market of cloud analytics thus propelling growth in the market. Moreover, the rising adoption of artificial intelligence and machine learning will help in expanding the market of cloud analytics. The use of AI and ML improves the visualization capacity of business and it helps make difficult data understandable. The use of Artificial Intelligence offers real-time insights.
The global Cloud Analytics Market is segregated on the basis of Deployment Model as Public Cloud, Private Cloud, Hybrid Cloud and Community Cloud. Based on Organization Size the global Cloud Analytics Market is segmented in Large Enterprises and Small and Medium-Sized Enterprises. Based on End User the global Cloud Analytics Market is segmented in Retail, BFSI, IT & Telecom, Media & entertainment, Education, Government, Energy & Utilities, Automotive, Healthcare and Others.
The global Cloud Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cloud Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Microsoft, Board International, Pyramid Analytics, Google, Oracle and others are among the major players in the global Cloud Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Cloud Analytics Market has been segmented as below:
Cloud Analytics Market, By Deployment Model
Cloud Analytics Market, By Organization Size
Cloud Analytics Market, By End User
Cloud Analytics Market, By Region
Cloud Analytics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Cloud Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cloud Analytics Market share. Major industry players with significant revenue share include Microsoft, Board International, Pyramid Analytics, Google, Oracle and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Cloud Analytics Market, By Deployment Model
5.1. Key Points
5.2. Public Cloud
5.3. Private Cloud
5.4. Hybrid Cloud
5.5. Community Cloud
6. Cloud Analytics Market, By Organization Size
6.1. Key Points
6.2. Large Enterprises
6.3. Small and Medium-Sized Enterprises
7. Cloud Analytics Market, By End User
7.1. Key Points
7.2. Retail
7.3. BFSI
7.4. IT & Telecom
7.5. Media & entertainment
7.6. Education
7.7. Government
7.8. Energy & Utilities
7.9. Automotive
7.10. Healthcare
7.11. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Cloud Analytics Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Microsoft
9.2. Board International
9.3. Pyramid Analytics
9.4. Google
9.5. Oracle
9.6. IBM
9.7. Salesforce
9.8. SAP
9.9. TIBCO Software
9.10. SAS Institute
9.11. Teradata
9.12. AWS
9.13. MicroStrategy
9.14. HPE
9.15. Sisense
9.16. Atos
9.17. Cloudera
9.18. Hitachi Vantara
9.19. ThoughtSpot
Cloud Analytics Market, By Deployment Model
Cloud Analytics Market, By Organization Size
Cloud Analytics Market, By End User
Cloud Analytics Market, By Company