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Cloud Analytics Market - Global Industry Analysis and Forecast | 2019
Cloud Analytics Market
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On the basis of solutions the cloud analytics market can be categorized into seven segments including hosted data warehouse solutions, cloud business intelligence tools, analytics solutions, governance, risk and compliance, enterprise performance management, enterprise information management, and complex event processing. Analytics solutions can be further segmented into predictive analytics, machine analytics, web analytics, speech analytics, text analytics, video analytics, and spatial analytics.
One of the major driving factors for cloud analytics market is the exponential growth of unstructured and structured data. Businesses use cloud analytics solutions to deal with such huge amount of data and drawing inference out of them. However, global economic slowdown will act as a restraining force the growth of this market.
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North America is the market leader and is expected to witness highest growth over the next five years. The growth is attributed to the high degree of industrialization and growing use of software solutions in business activities. Asia-Pacific, with its rapidly growing industrial sectors and flourishing economy is a promising market and is expected to show the substantial growth in this market.
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