Cloud Analytics Market is estimated to grow by 19.36% of CAGR during forecast period 2024-2032

MRFR Press Release/- Market Research Future published a half cooked research report on Cloud analytics Market. The Cloud Analytics Market is projected to grow from USD 23.82 billion in 2024 to USD 98.19 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.36% during the forecast period (2024 - 2032).

Market Highlights

The cloud analytics market holds some of the prominent key players in the market like SAP SE (Germany), Oracle corporation (U.S.), Microsoft corporation (U.S.), IBM corporation (US), Hewlett Packard Enterprise (U.S.), SAS Institute Inc (U.S.), Google Inc (U.S.), Teradata corporation (U.S.), Informatica (U.S.), Microstrategy Inc (U.S.), Salesforce Inc (U.S) and Tibco software Inc (U.S.) and many other emerging players in the analytics, big data and cloud.

Cloud analytics is any form of data analytics carried out with the association of cloud service provider. It’s generally performed on a private or public basis. Cloud analytics is mainly Software as a service solution which is priced as subscription or pay per usage. The factors that drive the market for cloud analytics is that it allows the organizations to unite the data from any sources, across any of the channels for communication on a bigger scale. Cloud is cost effective because the collection of data from social networks, internal applications, and devices without cloud would be highly costly for many of the organizations. The cloud analytics market is segmented on the basis of Organization type, Deployment, Pricing Model, Solution, End User and region.

Regional Analysis

According to Market Research Future, cloud analytics market has been segmented into organization type, deployment, pricing model, solutions, end - user and region.

The cloud analytics market has its wings spread in North American region and continues to expand through the forecasted period. Also, Asia pacific follows the lead because of the reason for rise in the technological advancements in countries like China, Japan and India. The market for Cloud analytics is segmented under North America, APAC, Europe and Rest of the world. Due to innovative technologies and early adoption of the cloud, North America enjoys the leading position and will continue to increase the market growth with most of the software based company concentration in North America. Another factor that adds to the growth of market in North America is the shifting of organizations services towards cloud, big data, real time analytics and data warehousing solutions. 

The competitive landscape of the cloud analytics market is formed by some major players and many of the new entrants. The leaders constantly keep innovating for the new technology and investing in research and development for the cost effective portfolio. The cloud analytics market has driven many end users like consumer electronics, banking, retailing, media, education, government and healthcare.