Market Research Future Insights
According to MRFR analysis, the global Cloud Analytics market size is expected to register a CAGR of 22.42 % from 2022 to 2030 and hold a value of over USD 91.17 billion by 2030.
Cloud analytics refers to the use of cloud computing resources and services to analyze and process data for various purposes, such as business intelligence, data mining, and machine learning. Cloud analytics allows organizations to access and analyze large amounts of data without the need to invest in expensive hardware and software infrastructure. The COVID-19 pandemic may have had an impact on the cloud analytics market in several ways. The widespread shift to remote work and online learning due to the pandemic has increased the demand for cloud analytics solutions, as more organizations and individuals relied on digital platforms for communication and collaboration. In general, the demand for cloud analytics and other technology solutions may fluctuate due to changes in consumer behavior and economic conditions. The pandemic has disrupted the supply chains for these solutions, leading to shortages or delays in production.
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Regional Analysis
North America is speculated to have the continuous, highest growth during the forecast period compared to other regions. This is due to the presence of key players and their technological advancements, as well as consumers who adopt these technologies at an earlier stage. Asia-Pacific will also have significant growth in upcoming years, primarily driven by leading providers such as Google Cloud and Amazon Web Services.
Market Segmentation
The Global Cloud Analytics market has been segmented into type, application, and vertical.
Based on the organization type, the market has been segmented into SMEs Large.
Based on the deployment, the market has been segmented into Private, Public, and Hybrid.
Based on the pricing model, the market has been segmented into Subscription based pay-per-use.
Based on the solutions, the market has been segmented into Cloud BI, Enterprise performance management (EPM), Data Warehousing Solutions (DWS), Risk compliance, and Analytics Solutions.
Based on the end user, the market has been segmented into Consumer Electronics, BFSI, Retail, Media, Government, Healthcare, and Education.
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Key Players
- Some of the key market players are;
- Microsoft Corporation
- Hewlett-Packard Development Company
- IBM Corporation
- Oracle Corporation
- SAP SE
- Google LLC
- Tableau Software
- TIBCO Software Inc.
- GoodData Corporation
- Cloud 9 Business Analytics Ltd.
- Rackspace Inc.
- Panorama Software.
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