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Cloud Analytics Market Size, Share & Trends Analysis Report by Solution (Analytics Solutions, Hosted Data Warehouse Solutions, Cloud BI Tools), by Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

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Reports - Cloud Analytics Market

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Cloud Analytics Market

Cloud Analytics Market Size, Share & Trends Analysis Report by Solution (Analytics Solutions, Hosted Data Warehouse Solutions, Cloud BI Tools), by Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

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Revenue Insights

Revenue 2021

28.12 USD Billion

Revenue 2028

118.42 USD Billion

CAGR Revenue

22.70%

Revenue 2022

USD 34.36 Billion

Revenue 2030

USD 176.54 Billion

CAGR Revenue History

22.8%

Largest Region

Asia Pacific

MSA Largest Region

38.6%

Fastest Region

North America

Map Revenue

10.84 USD Billion

Overview


Cloud Analytics Market



Market Synopsis


Global Cloud Analytics market is valued at 28.12 USD Billion in 2021 and is projected to attain a value of 118.42 USD Billion by 2028 at a CAGR of 22.70% during the forecast period, 2022–2028.

Cloud Analytics market is booming globally due to the increasing demand of enterprise resource planning solutions. The changing business environments across the globe and the need for faster response with better insights has made Cloud Analytics a preferred solution. Cloud Analytics are less expensive than its on-premises counterparts and supports intuitive data management. It also provides quick access to data for faster decision making and reduces operational overhead costs.

The demand for Cloud Analytics is increasing at a fast pace due to the fact that organizations are adopting cloud solutions like never before. Cloud solutions offer agility, scalability, security, and reliability which organizations need to compete in todays digital world.


Increasing Data Connectivity Through Hybrid and Multi-Cloud Environments


The global demand for Cloud Analytics is increasing because it provides enterprises with the opportunity to put their data in a central location and analyze it through a single dashboard. This enables them to monitor their business on different levels, including customer behaviors and trends. With this service they can better identify what they need to track in order to improve and grow their business.

This is due to the ease and affordability of Cloud Analytics. Organizations across the globe are adopting this resource to quickly get insights from their data. As a result, organizations are becoming smarter about their business and increasing revenue.


Market Segmentation


Global Cloud Analytics market is Segmented by Solution (Analytics Solutions, Hosted Data Warehouse Solutions, and Cloud BI Tools), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size, Industry Vertical, and Region.


By Solution, Analytic Solution to Dominate Cloud Analytics Market


The demand for solution to analyze data is increasing among businesses across the globe because they are looking at it as a lucrative business opportunity. Analytics solutions are viewed as an important asset in the field of business and tech today. Businesses need to know what their target market wants so they can be successful. No matter how much data, analysts always need more of it and they want it in real time. So, businesses need analytics solutions to help them analyze all the available data that is out there.

Apart from this, analytics solutions are in demand as they provide a systematic process to identify and analyze critical areas of improvement. This is because they work to organize, measure, and communicate the business impact of changes needed in the organizations operations. Analytics solutions also work to improve customer service by providing a systematic approach for identifying potential risks and proposing potential resolutions.


North America to Dominate Cloud Analytics Market


The demand for cloud analytic is increasing across the North America due to a variety of factors. The increase in data volumes and the need to process them quickly is driving the construction of more data centers in order to provide high speeds to all customers. Analytic on the cloud also enables businesses to focus on their core competency, thereby leading to an increase in revenue and profitability.

One of the most important factors in this demand is the use of cloud analytic for managing and analyzing data. Many organizations are increasingly using cloud analytic for predictive analytics, to examine trends in their data, to gain insights into what is happening with their customers, and to find new ways of doing business. With developments like machine learning and deep neural networks, organizations can automate tasks that otherwise would have been requiring human resources, providing faster processing and lower costs.


Key Players


Google (US), Microsoft (US), IBM (US), Oracle (US), SAP (Germany), Salesforce (US), SAS Institute (US), TIBCO Software (US), Teradata (US), MicroStrategy (US), AWS (US), Sisense (US), Hewlett-Packard Enterprise (US), Cloudera (US), Atos (France), Hitachi ThoughtSpot (US), Vantara (US), Domo (US), Qlik (US), GoodData (US), Absolutdata (US), Alteryx (US), Yellowfin (Australia), Infor (US), Guavus (US), Board International (Switzerland), Looker (US), and Pyramid Analytics (Netherlands).



Cloud Analytics Market is segmented as follows:




Cloud Analytics Market is tabulated as follows:


North America to continue dominating market

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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

Market Segmentation

ParameterDetails
Solution
  • Analytics Solutions (38.56%)
  • Hosted Data Warehouse Solutions
  • and Cloud BI Tools
Deployment Mode
  • Public Cloud
  • Private Cloud
  • and Hybrid Cloud
Region
  • North America
  • Europe
  • Asia Pacific (38.6%)
  • Middle East & Africa
  • Latin America

Historical & Forecast Data

Base Year

2023

Historic Year

2018 - 2022

Forecast Year

2023 - 2032

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