Cloud Analytics Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast

Cloud Analytics Market size was valued at US$ 35.21 Bn. in 2022 and the total revenue is expected to grow at 23.2 % through 2023 to 2029, reaching nearly US$ 151.68 Bn.

Cloud Analytics Market Report Overview

The practice of analyzing data in the cloud to provide new insights and useful information is known as cloud analytics.By obtaining, integrating, analyzing, and presenting data, cloud analytics facilitates the streamlining of business processes and enables organizations to make more informed decisions that lead to better results. Additionally, by strengthening data governance and offering more precise access control to those with access to data, cloud analytics contributes to the provision of a single, secure access point to data. The need for cloud analytics solutions is rising, propelling the expansion of the cloud analytics market, as a result of an increase in cloud adoption by businesses globally and the massive quantity of data created in corporations.

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What are Cloud Analytics Market Dynamics?

The market for cloud analytics has expanded significantly in recent years. This rise may be attributed to the cost-benefits of cloud-based analytics solutions, the increased acceptance of cloud analytics across all industries, and the advancement of corporate demand for cloud analytics to obtain actionable insights from unstructured data. In addition, the market is expanding due to the growing usage of machine learning (ML) and artificial intelligence (AI), the Internet of Things (IoT), and the growing acceptance of software-as-a-service (SaaS) among enterprises. The market is growing because of cloud analytics, data analysis, and solutions for challenging issues.

Cloud Analytics Market Segmentation?

The worldwide cloud analytics market is divided into three segments based on the mode of deployment: public cloud, private cloud, and hybrid cloud. In 2022, the public cloud accounted for 40.26% of the market share. This market is expected to expand as a result of SMEs' increased reliance on public cloud services for efficient administration and the growing trend in corporate cultures toward work-from-home policies.

The BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Media and Entertainment, Government, Telecom and IT, Research and Education, Energy, Manufacturing, and Others verticals make up the subsegments of the worldwide cloud analytics market. In 2022, the BFSI category had the most market share (20.12%). Cloud-based technologies are used by fintech companies to improve client experience and increase operational efficiency. The BFSI industry can offer secure payment services, CRM and ERP systems, safe storage for confidential information, and regulatory compliance thanks to the use of cloud analytics.

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Who are Cloud Analytics Market Key Players?

1. SAP SE 2. Oracle Corporation 3. Microsoft Corporation 4. IBM Corporation 5. Teradata Corporation 6. Google Incorporation 7. Hewlett-Packard 8. SAS Institute Inc. 9. Tableau Software 10. Microstrategy 11. Vmware, Inc. 12. Tibco Software 13. Teradata 14. Rackspace 15. Qlik Technologies Inc. 16. Pivotlink, Panorama Software 17. Oracle Corp. 18. Newvem 19. Microstrategy

Table of content for the Cloud Analytics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Cloud Analytics Market Report

Part 03: Global Cloud Analytics Market Landscape

Part 04: Global Cloud Analytics Market Sizing

Part 05: Global Cloud Analytics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Asia Pacific region claimed the market's largest share in 2022 and is expected to witness significant growth with a CAGR of 31% throughout the forecast period. The automotive transmission industry in the Asia Pacific is rapidly expanding due to factors such as affordable labor, developing economies, and the presence of numerous major vehicle manufacturing companies. Strict regulations on vehicle emissions imposed by regional governments are driving the need for a variety of automotive systems. Increased vehicle sales, particularly in countries like South Korea, India, Japan, and China, are anticipated to have a positive impact on regional market growth.

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