Cloud Analytics Market Emerging Demand and Drive Growth by 2028

Posted on Mar 17 2023 5:34 AM

"Cloud Analytics Market Report provides competitive research on market size, shares, gross margin, and revenue. The company profiles of all the key players and brands that are dominating the market have been given in this report."

The Cloud Analytics Market Report provide comprehensive coverage of both global and regional markets. The report offers data on key participants, such as manufacturers, suppliers, distributors, traders, customers, investors, and others. Additionally, it includes information on important types, applications, and other factors such as capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export, and more. The market research paper also examines the industry chain, manufacturing method, cost structure, and marketing channel

The size of the worldwide cloud analytics market was USD 19.04 billion in 2020, and it is anticipated to increase from USD 22.84 billion in 2021 to USD 86.15 billion in 2028, at a CAGR of 20.9%.

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The Cloud Analytics Market is driven by various factors, including:

  • Increasing adoption of cloud-based solutions: The adoption of cloud-based solutions is increasing due to their benefits, including cost-effectiveness, scalability, and flexibility. Cloud analytics solutions provide similar advantages, allowing businesses to quickly access and analyze large amounts of data from various sources.
  • Growing demand for data analytics: With the increasing amount of data being generated by businesses, there is a growing need for data analytics solutions that can help organizations make informed decisions. Cloud analytics solutions provide businesses with real-time data insights that can be used to optimize business processes and improve decision-making.
  • Technological advancements: The development of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) has improved the accuracy and efficiency of cloud analytics solutions. These technologies are being integrated into cloud analytics solutions, making them more powerful and effective.
  • Increasing use of social media analytics: The use of social media has grown rapidly in recent years, and businesses are increasingly using social media analytics to understand consumer behaviour and preferences. Cloud analytics solutions are well-suited for social media analytics, allowing businesses to monitor and analyze social media activity in real time.
  • Growing demand for predictive analytics: Businesses are increasingly using predictive analytics to forecast future trends and outcomes. Cloud analytics solutions provide businesses with the ability to perform predictive analytics on large amounts of data quickly and accurately.

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Restraints and Drivers

Increased Use of Business Intelligence (BI) Tools to Promote Market Growth

Business intelligence (BI) has grown in importance in recent years as structured and unstructured data have become increasingly fragmented. Industries and businesses of all sizes are putting a greater emphasis on implementing business intelligence (BI) solutions into their business collections in order to gain a competitive advantage.

The majority of businesses are now utilising a modernised process that necessitates recognising, gathering, storing, and exchanging a large amount of data. BI solutions are used for this data in order to achieve a quick and cost-effective business policy-making procedure. This is expected to boost the growth of the cloud analytics market in the coming years.


The segmentation chapter allows readers to understand aspects of the Cloud Analytics Market such as products/services types, available technologies, and applications. The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years. The assessment of the Cloud Analytics Market factors gives a brief overview of the impact on the demand over the forecast period. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders. The growth of the Spatial Computing market was mainly driven by increasing R&D spending across the world.

By Solution

  • Cloud Business Intelligence (BI) Tools
  • Enterprise Information Management
  • Governance, Risk, and Compliance
  • Enterprise Performance Management
  • Analytics Solutions

By Deployment

  • Public
  • Private
  • Hybrid

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Sweden, Spain, and the Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico, Argentina and the Rest of Latin America)

Key Players Cloud Analytics Market :

  • IBM Corporation (New York, U.S.)
  • Hexaware Technologies Limited (Mumbai, India)
  • Oracle Corporation (Texas, U.S.)
  • Microsoft Corporation (Washington, U.S.)
  • Alphabet Inc. (Google LLC) (California, U.S.)
  • com, Inc. (California, U.S.)
  • TIBCO Software Inc. (California, U.S.)
  • SAS Institute Inc. (North Carolina, U.S.)
  • Teradata Corporation (California, U.S.)
  • MicroStrategy Incorporated (Virginia, U.S.)
  • The Hewlett Packard Enterprise Company (Texas, U.S.)
  • SAP SE (Walldorf, Germany)
  • Sisense (New York, U.S.)
  • Atos (Bezons, France)
  • Cloudera, Inc. (California, U.S.)
  • Hitachi Vantara Corporation (California, U.S.)

 Competitive Landscape:

Leading Companies Will Advance Analytics Solutions to Meet User Demand

Oracle Corporation, Teradata, IBM Corporation, TIBCO Software Inc., Google LLC, and Hexagon Software, among others, are focused on developing and delivering effective cloud analytics solutions. Similarly, increased market competition is compelling service providers to focus on acquisition strategies in order to strengthen their market positions.

Regional Analysis:

Due to the high consumption of milk and beef in the region, the Cloud Analytics Market share in the Asia Pacific is anticipated to grow significantly over the forecast period. Government mandates and rules governing interstate livestock trade are anticipated to help the sector expand. There will be chances for the industry as a result of the introduction of cutting-edge technologies to meet the demand for quickly moving dairy and animal goods. The market will do well because of the rising population in countries like South Korea, India, and others. Due to the production of meat and dairy products in France, the UK, and Italy, Europe is predicted to have a substantial growth rate. According to European Union, the worldwide demand for beef will increase over 2030, which will result in higher prices.

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Cloud Analytics Market Overview:

The global cloud analytics market is a rapidly growing segment of the technology industry. With the increasing amount of data being generated by businesses, there is a growing need for data analytics solutions that can help organizations make informed decisions. Cloud analytics solutions provide businesses with real-time data insights that can be used to optimize business processes and improve decision-making. The adoption of cloud-based solutions is increasing due to their benefits, including cost-effectiveness, scalability, and flexibility. As businesses increasingly prioritize data analytics and leverage advanced technologies such as AI and ML, the adoption of cloud analytics solutions is expected to continue to grow. Additionally, the use of social media analytics and predictive analytics is expected to drive further growth in the market. The development of advanced technologies such as AI, ML, and the IoT is also expected to improve the accuracy and efficiency of cloud analytics solutions, making them even more powerful and effective. Overall, the factors influencing the growth of the global cloud analytics market are driven by the need for cost-effective, scalable, and flexible data analytics solutions that can provide businesses with real-time insights.

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Key Points from TOC:


1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

  1. Global Cloud Analytics Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

  1. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

  1. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

  1. Strategic Recommendations

TOC Continued…!

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