Cloud Analytics Market Expected to Reach $16.52 Billion by 2018 at a CAGR 25.8% – New Report by MarketsandMarkets
The report provides the closest approximations of the revenue numbers for the overall Cloud Analytics Market. It also provides information on key market drivers, restraints, challenges, and opportunities.
(PRWEB) January 04, 2015
The market research report “Cloud Analytics Market (Cloud BI, Cloud Business Intelligence) – Text, Web, Speech, Machine, Video, Predictive Analytics – Global Advancements, Delivery Models, Market Trends, Enterprise Road-map, Forecasts and Analysis 2018”, analyses and studies the major drivers, restraints, and opportunities in North America, Western Europe, Eastern Europe, Middle East, Africa, Japan, Asia-Pacific and Latin America.
Browse 118 market data tables and 10 figures spread through 247 pages and in-depth TOC on “Cloud Analytics Market”.
Early buyers will receive 10% customization on this report.
The study reports that the global Cloud Analytics market is expected to reach $16.52 billion by 2018, at an estimated CAGR of 25.8% during the forecast period.
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The global Cloud Analytics Market is driven by the emergence of Big Data and cloud computing technologies. Over the last few years, businesses have begun cloud computing extensively in 2010. Big players and new start-ups have shifted towards cloud BI, business analytics and cloud based business intelligence. Traditional BI and analytics solutions are striving to meet the requirements of today’s business needs. Enterprises are struggling with high operating costs, lack of IT expertise and increasing employee mobility. This trend has forced BI vendors to use new ways of delivering business analytics. Analytics on cloud is an emerging term that is a complete combination of services and enables enterprises to move their BI, data warehousing and OLAP workload over the cloud platform.
The adoption of cloud BI or business analytics enables enterprises to collect, access, monitor and share key performance indicators (KPIs) virtually, through any mobile device. Cloud BI utilizes the software-as-a-service (SaaS) licensing model and is also based on a pay-as-you use model, which doesn’t need software and hardware installations. Cloud BI services are accessed by using log-in credentials in a browser. These services are easily scalable, allowing enterprises to include anyone with an authentic email ID in their BI solution.
The report also draws the competitive landscape of the cloud analytics market, providing an analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. Some of the major players in this market are IBM, HP, Oracle, Adaptive Planning, Cloud9 Analytics, Google, Host Analytics and Microsoft.
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