Cloud Analytics Market Projected To Grow $23.1 Billion by 2020

Cloud analytics solutions are progressively becoming very significant for numerous business organizations working in a large gamut of industries. As compared to on-premises Business Intelligence (BI) solutions, cloud-based analytics is growing at a higher

(EMAILWIRE.COM, August 13, 2018 ) Cloud-based business analytics is a service model in which elements of business data analytics are provided through the public, private, and hybrid cloud-based deployment models. Cloud-based business analytics applications and services are offered under a subscription model or a utility pricing model. Primarily, the elements of data analytics consists of cloud BI tools, hosted data warehousing, complex event processing, Enterprise Information Management (EIM), Enterprise Performance Management (EPM), Governance, Risk Management and Compliance (GRC), and analytics solutions.

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The report is based on extensive research on and around the cloud-based business analytics market and related submarkets within the ecosystem. It is focused to give a bird’s eye view of the complete cloud-based business analytics industry.
The cloud analytics market research report analyzes the global adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, market ecosystem, and value chain in this market. This report also presents a detailed analysis, market sizing, and forecasting for emerging submarkets of the cloud-based business analytics market. The report is thoroughly segmented by type of cloud-based analytics solutions, deployment models, organization size, verticals, and regions.

The report also focuses on various geographical markets for each of the sub segments within the cloud-based business analytics environment. The major geographical regions include North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America.

The primary vendors occupying the cloud analytics market are Google, Hewlett-Packard Development Company, IBM Corporation, Microsoft Corporation, Microstrategy, Inc., Oracle Corporation, SAP SE, SAS Institute, Inc., Tableau Software, and Teradata Corporation. The information in the report’s competitive landscape and company profiles sections includes key developments, core strategies, mergers and acquisitions, new product developments, and venture findings of key industry players. MarketsandMarkets has segmented the global cloud-based business analytics market by type of cloud-based business analytics solution, deployment model, organization size, vertical, and region. The report also consists of MarketsandMarkets views of the key players and analysts insights on the latest developments that are taking place in the cloud-based business analytics market space. The forecast period for cloud-based business analytics market research report is 2015-2020 with 2014 considered as the base year

cloud analytics market across five regions from 2015 to 2020. The market is expected to grow from $7.5 Billion in 2015 to $23.1 Billion in 2020 at a CAGR of 25.1% during the forecast period.

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