Cloud Analytics Market Overviews
The Cloud Analytics Market size was valued at USD 24.80 Bn. in 2023 and the total Cloud Analytics Market revenue is expected to grow at a CAGR of 22% from 2024 to 2030, reaching nearly USD 99.76 Bn. by 2030.
The main benefits of cloud computing services including minimum investment infrastructure setup costs and on-demand computing services availability, are driving their widespread adoption by SMEs. Enterprise hybrid cloud services are growing as a result of these causes. Improved workload management, heightened security, and compliance effective interaction with DevOps teams are further advantages of the hybrid cloud. Businesses are eager to implement a cost-effective delivery model to streamline data collection and gain a deeper understanding of their data as the Internet of Things (IoT) is producing huge amounts of data every day. Businesses extract useful insights from their generated data by utilizing a cloud analytics platform.
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Cloud Analytics Market Scope and Methodology:
The main driver of the global cloud analytics market’s growth is the rise in cloud security applications. Security issues are a serious problem for hybrid setups. IT experts have countered that cloud solutions are more secure than on-premises data centers in recent years. Also, cloud backup and security are being prioritized by leading information officers in their prospective budgets. Cloud security has seen an increase in investment thanks to the requirement for better security measures for cloud analytics.
Cloud Analytics Market Regional Insights
North America in the global cloud analytics market is expected to grow 41% during the projected period. Increased investment in data centers and expanding acceptance of cloud computing services are two major factors driving the growing need for cloud analytics services in the United States. Local start-ups and small enterprises need to consider cloud backup services as a feasible choice since they enable users to scale their resources based on their needs. Pools of computer resources shared by several tenants on a provider’s network must be developed, maintained, and managed by the service provider.
Cloud AnalyticsMarket Segmentation
Based on Deployment there are three categories in the cloud analytics market public, private, and hybrid. The market category that is expected to hold the largest share among these is the public cloud segment in forecast period. The public cloud market is growing because of the low costs and great bandwidth efficiency offered by these servers. Public cloud infrastructure are managed by a cloud service provider over the internet and web, offering businesses significant benefits in terms of network access, cost savings, and communication agility.
Cloud Analytics Market Key Players
Hewlett Packard Enterprise Co. – United States
IBM – United States
Microsoft Corp. – United States
Google Cloud – United States
Infor Inc. – United States
MicroStrategy Inc. – United States
Open Text – Canada
Oracle – United States
Panorama Software Inc. – Canada
Qlik – United States
Rackspace Technology Inc. – United States
Salesforce.com Inc. – United States
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Key questions answered in the Cloud Analytics Market are:
- What is Cloud Analytics ?
- What was the Cloud Analytics market size in 2023?
- What is the growth rate of the Cloud Analytics Market?
- Which are the factors expected to drive the Cloud Analytics market growth?
- What are the different segments of the Cloud Analytics Market?
- What growth strategies are the players considering to increase their presence in Cloud Analytics ?
- What are the upcoming industry applications and trends for the Cloud Analytics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Cloud Analytics Market?
- Who are the leading companies and what are their portfolios in Cloud Analytics Market?
- What segments are covered in the Cloud Analytics Market?
- Who are the key players in the Cloud Analytics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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