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(IT-NEWSWIRE.COM, March 06, 2018 ) According to Publisher, the global cloud analytics market to grow from USD 8723.82 million in 2016 to USD 33917.91 million by 2023, at a CAGR of 21.41%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
Cloud analytics brings together the advantage of cloud computing and big data analytics. Cloud analytics is a cloud service model that performs data analysis and business intelligence process on data stored in the cloud. This service is delivered through SaaS business intelligence, social media analytics and hosted data warehouses. Cloud analytics help organization to increase agility and derive effective decision making. Cloud analytics has the capability to offer opportunities to the different business domains to analyze the sales, marketing, supply chain and customer service data. Combining customer demographics, market size and competitive information with cloud analytics help to improve the marketing and forecasting capabilities.
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The major forces driving the growth of the cloud analytics market include the rise in big data and adoption of cloud technology and data backed decision making. Moreover, easy deployment is also one of the factors that is driving the market growth. However data security concern, and incompatible applications on cloud may hinder the market growth. In the middle of difficulty lies opportunity such as the cloud bi on public cloud, and integrating cloud data technology with data analysis enabling forecasting. The possible challenges for the market growth are holistic solution for corporate wide and departmental focused deployment, and integrated business environment. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global cloud analytics market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global cloud analytics market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
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Top Key Player:
Azure Machine Learning
Google Cloud Platform
IBM Cognos Analytics
IBM Operations Analytics
Oracle Analytics Cloud
Oracle Analytics Cloud Service
SAP Analytics Cloud
SAP Cloud Platform
Tableau Online
Teradata Clouds
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
Source: EmailWire.com
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