The major Key players in Cloud Analytics Market are IBM, HP, Oracle, Birst, Kognitio, Adaptive Planning, BIME, Cloud9 Analytics, GoodData, Google, Host Analytics and Microsoft and many more.
(PRWEB) October 18, 2014
The report " Cloud Analytics Market [Cloud BI; Cloud Business Intelligence] - Text; Web; Speech; Machine; Video; Predictive Analytics: Global Advancements, Delivery Models, Market Trends, Enterprise Roadmap, Market Forecasts & Analysis (2013 - 2018) ", defines and segments the global Cloud Analytics Market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse 118 market data tables and 10 figures spread through 247 pages and in-depth TOC on “Cloud Analytics Market”.
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The study reports that the global Cloud Analytics market is expected to grow from $5.25 billion in 2013 to $16.52 billion by 2018, at an estimated CAGR of 25.8% during this forecast period.
The global Cloud Analytics Market is driven by the emergence of Big Data and cloud computing technologies. Over the last few years, businesses have begun cloud computing extensively. in 2010. Big players and new start-ups have shifted towards cloud BI, business analytics and cloud based business intelligence. Traditional BI and analytics solutions are striving to meet the requirements of today's business needs. Enterprises are struggling with high operating costs, lack of IT expertise and increasing employee mobility. This trend has forced BI vendors to use new ways of delivering business analytics. Analytics on cloud is an emerging term that is a complete combination of services and enables enterprises to move their BI, data warehousing and OLAP workload over the cloud platform.
The adoption of cloud BI or business analytics enables enterprises to collect, access, monitor and share key performance indicators (KPIs) virtually, through any mobile device. Cloud BI utilizes the software-as-a-service (SaaS) licensing model and is also based on a pay-as-you use model, which doesn’t need software and hardware installations. Cloud BI services are accessed by using log-in credentials in a browser. These services are easily scalable, allowing enterprises to include anyone with an authentic email ID in their BI solution.
MarketsandMarkets estimates North America (NA) to project the largest opportunity in this space currently. It is estimated to grow from $3.1 billion in 2013 to $9.1 billion by 2018. Middle East and Africa, Eastern Europe, APAC (Ex-Japan), Japan and Latin America are the fastest growing market and are expected to contribute $0.37 billion, $0.53 billion, $1.26 billion, $2.03 billion, and $0.53 billion respectively in 2018.
The report also draws the competitive landscape of the cloud analytics market, providing an analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. Some of the major players in this market are IBM, HP, Oracle, Birst, Kognitio, Adaptive Planning, BIME, Cloud9 Analytics, GoodData, Google, Host Analytics and Microsoft.
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