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Historical Year
Forecast Year
The global cloud analytics industry attained a value of USD 43.21 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 22.0% to reach USD 258.84 billion by 2032.
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North America is expected to continue holding the largest market share for cloud analytics in forecasting years. This is because of the active presence of key market players and encouragement of cross border privacy rules in the United States. The demand generated by adoption of Artificial Intelligence and NLP technologies for better data visualization and improving efficiency is boosting the growth of industry in the region. Asia Pacific is also going to witness significant growth owing to data centers opened by key players and demand generated by new and innovative technology. The improvement in bandwidth and connectivity will further accelerate the industry growth.
Cloud analytics refers to the service that allows analyzing data through the remote private or public resources called cloud. The techniques and analytic tools of cloud analysis help in categorising the data after collecting useful information from the bulk of data. This removes the costs for data storage and computing resources in the working area and simplifies the process for business intelligence. The cloud analytics also improves the efficiency of business operations and improves collaboration and data observations.
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On the basis of solution, the industry is segmented into:
On the basis of deployment mode, cloud analytics is categorized into:
The industry is divided on the basis of organization size into:
On the basis of vertical, the cloud analytics is segmented into:
The regional markets for cloud analytics industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The new technologies such as machine learning, and artificial intelligence can improve the efficiency and accuracy of operations. Their advantages such as automation, decision making, and data research are attracting the business enterprises around the world. The data analysis and solutions for complex problems with the integration of cloud analytics is bolstering the market growth of cloud analytics. The cloud analytics provide efficient and reliable options for data storage propelling the market demand. The rapid adoption of internet of things and expansion of 5G connectivity will provide impetus to the growth of market. The security management through text analytics can further boost the industry growth. However, the privacy concerns for confidential data can hinder the market development.
The report gives a detailed analysis of the following key players in the global cloud analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Solution |
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| Breakup by Deployment Mode |
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| Breakup by Organization Size |
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| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global cloud analytics market attained a value of nearly USD 43.21 billion.
The market is projected to grow at a CAGR of 22% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 258.84 billion by 2032.
The major market drivers include new technologies such as machine learning and artificial intelligence and increased demand for analytics solutions.
Major trends pushing the growth of this market are rapid adoption of internet of things and expansion of 5G connectivity.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant solutions of cloud analytics are cloud Bi Tools, hosted data warehouse solutions, complex event processing, enterprise information management, enterprise performance management, governance, risk, and compliance, and analytics solutions.
The leading deployment modes of cloud analytics are public cloud, private cloud, and hybrid cloud.
The different organization sizes are small and medium-sized enterprises and large enterprises.
The verticals can be divided into banking, financial services, and insurance, healthcare and life sciences, retail and consumer goods, research and education, government, media and entertainment, energy, telecommunications and IT, and manufacturing, among others.
The key players in the global cloud analytics market are IBM Corporation, Oracle Corporation, Google LLC, Microsoft Corporation, SAP SE, Hewlett-Packard Development Company, L.P., and Salesforce.com, Inc, among others.
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+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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