The Latin America Cloud Analytic Market is Estimated to Grow to Reach $698.8 Million by 2019 - New Report by MicroMarket Monitor
(PRWEB) September 26, 2014 -- The Latin America Cloud Analytics market is estimated to grow from $194.6 million in 2014 to $698.8 million by 2019, at a CAGR of 29.1% from 2014 to 2019.
Browse through the TOC of the Latin America Cloud Analytics market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation's in the market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/latin-america-cloud-analytics-2907855439.html
The exponential growth in big data has fueled the demand for efficient business analytics solutions for the purpose of decision making and strategy formation. Traditional solutions are complex to deploy and difficult to manage, which has led to the emergence of user friendly cloud based analytics solutions. Cloud analytics is a cloud-enabled service model that allows an organization or individual to perform business analysis by providing the analytics elements through public, private and hybrid cloud. Cloud analytics services work similar to that of typical data analytics services, and provide almost similar features; however, cloud analytics integrates some or all of the service models of cloud computing in delivering solutions which makes it different and lucrative.
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Latin America is one of the emerging markets for cloud analytics. Various factors, such as, cost-effectiveness, easy installment and high growth in big data are driving the cloud analytics market in this region. Old business analytics solutions are very intricate to work and consume a lot of deployment time, whereas, cloud analytics solutions are easy to use, consume less time, and are therefore adopted by most of the organizations in Latin America. The key players of this market include IBM, Oracle, SAP, SAS, Salesforce and others.
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The Latin America cloud analytics market is segmented and forecast on the basis of Solutions, such as Cloud BI Tools, Hosted Data Warehouse Solutions, Complex Event Processing, Enterprise Information Management, Enterprise Performance Management, Cloud Analytics Solutions, Cloud Analytics Governance and Risk and Compliance. The market is further segmented on the basis of End-users, such as Enterprises, Small Business, and Medium Business. The Latin America cloud analytics market has also been segmented on the basis of the major countries in this region, such as the Brazil and others.
The report also includes market share and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports:
Europe Cloud Analytics Market
The European cloud analytics market is expected to grow from $1,482.0 million in 2014 to $4,052.9 million by 2019, at an estimated CAGR of 22.3%, during the forecast period. The drivers for the European market include utility enhancement in multiple domains, constant growth in big data, and effortless installment.
Cloud analytics is mainly a cloud-enabled solution that allows an organization or individual to perform business analysis or intelligence procedures. These solutions and services are delivered through cloud models, such as hosted data warehouses, SaaS business intelligence (BI) and social media analytic products powered by the cloud. Cloud analytics services work similar to a typical data analytics service, providing similar features and capabilities. The only difference is that cloud analytics integrates some or all of the service models of cloud computing in delivering that solution.
The cloud analytics market adoption rate is growing gradually in Europe, due to its driving utilities in various domains such as healthcare, banking, financial services, insurance (BFSI), telecommunication, and so on. Also, it’s easy installation feature reduces the related market costs and supports the business for opportunity cost.
http://www.micromarketmonitor.com/market/europe-cloud-analytics-8834438927.html
Asia-Pacific Cloud Analytics Market
The Asia-Pacific cloud analytics market is expected to grow from $1,038.9 million in 2014 to $4,541.0 million by 2019, at an estimated CAGR of 34.3%, during the forecast period. The drivers for the Asia-Pacific market include utility enhancement in multiple domains, constant growth in big data, and effortless installment.
Cloud analytics is mainly a cloud-enabled solution that allows an organization or individual to perform business analysis or intelligence procedures. These solutions and services are delivered through cloud models, such as hosted data warehouses, SaaS business intelligence (BI) and social media analytic products powered by the cloud. Cloud analytics services work similar to a typical data analytics service, providing similar features and capabilities. The only difference is that cloud analytics integrates some or all of the service models of cloud computing in delivering that solution.
Asia-Pacific is one of the emerging cloud analytics market, among regions. Cloud analytics support the rising demand of big data, which need efficient, secure, and safe data storage facilities, along with quick retrieval of data and analysis of it. Apart from existing businesses, cloud analytics solutions also help the new start ups as it saves the capital and operating costs for the related analytics market.
http://www.micromarketmonitor.com/market/asia-pacific-cloud-analytics-4225632637.html
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