Global Cloud Analytics Market Research Report

The global cloud analytics market is expected to grow from $6,575.1 million in 2014 to $21,501.0 million by 2019 at an estimated CAGR of 26.7%, during the forecast period. The drivers for the global cloud analytics market include utility enhancement in multiple domains, constant growth in big data, and effortless installment.

Cloud analytics is mainly a cloud-enabled solution that allows an organization or individual to perform business analysis or intelligence procedures. These solutions and services are delivered through cloud models, such as hosted data warehouses, SaaS business intelligence (BI) and social media analytic products powered by the cloud. Cloud analytics services work similar to a typical data analytics service, providing similar features and capabilities. The only difference is that cloud analytics integrates some or all the service models of cloud computing in delivering that solution.

The global cloud analytics market is driven by the emergence of Big Data and cloud computing technology. The traditional business intelligence (BI) and analytics solutions are striving to meet the requirements of today’s business needs. Enterprises are struggling with high operating cost, lack of IT expertise, and increasing employee mobility, which forced BI vendors to use new ways of delivering business analytics. Cloud analytics offers a complete combination of services and enables enterprises to move their BI, data warehousing, and online analytical processing (OLAP) workload over the cloud platform. The major adopters of cloud analytics services are small & large enterprises, and this trend is expected to continue in the coming years.

The market report further provides a competitive landscaping of the leading players in the industry such as SAS, SAP, Oracle, IBM, and Salesforce, among others in terms of their product offerings, key strategies, and operational parameters. The global market report provides global market trends, overall adoption scenarios, competitive landscape, key drivers, restraints, and opportunities in this market. The report also aims at estimating the current size and the future growth potential of this market across different applications, verticals, and regions.