Cloud analytics defined as the service which enables analyzing data through the remote private or public resources known as cloud. The methods and analytic tools of cloud analysis help in categorizing the data after gathering useful data from the huge amount of data. This eliminates the costs for data storage and computing resources in the working field and makes the process easier for business intelligence. The cloud analytics also enhances the efficiency of business operations and enhances collaboration and data observations. There has been a surge in the demand across businesses for cloud analytics to obtain useful insights from unstructured data to fuel the market. With the rising digitalization large amount of data is produced and leading companies use this data for strategic decision making. Additionally, the cloud analytics not only assists organizations in making strategic decisions but also in enhancing customer satisfaction, offers high operational efficiency and strong profit and revenue levels. Internet of Things (IoT) has been produced a large volume of data daily, thus there is a significant demand among the businesses to implement a cost-effective delivery model to gather data in a streamlined way and to have a great insight into the data they own. The use of a cloud analytics platform helps businesses to obtain valuable insights from the data which they have produced. Furthermore, there has been a rising demand for a dependable, efficient, and flexible data storage platform. Apart from this, the security and privacy issues for confidential data will hinder the cloud analytics market growth

In addition to this, the increasing penetration of software-as-a-service (SaaS) among businesses has had a positive impact on the market of cloud analytics thus propelling growth in the market. Moreover, the rising adoption of artificial intelligence and machine learning will help in expanding the market of cloud analytics. The use of AI and ML improves the visualization capacity of business and it helps make difficult data understandable. The use of Artificial Intelligence offers real-time insights.

The global Cloud Analytics Market is segregated on the basis of Deployment Model as Public Cloud, Private Cloud, Hybrid Cloud and Community Cloud. Based on Organization Size the global Cloud Analytics Market is segmented in Large Enterprises and Small and Medium-Sized Enterprises. Based on End User the global Cloud Analytics Market is segmented in Retail, BFSI, IT & Telecom, Media & entertainment, Education, Government, Energy & Utilities, Automotive, Healthcare and Others.

The global Cloud Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cloud Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Microsoft, Board International, Pyramid Analytics, Google, Oracle and others are among the major players in the global Cloud Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In June 2020, SAS and Microsoft Corporation declared their strategic partnership. They will enable clients to operate their SAS® workload in the cloud quickly, expand their business solutions and release crucial value from their digital transformation initiatives. The businesses will relocate analytical and industrial applications from SAS to Microsoft Azure as a preferred cloud provider for the SAS Cloud a part of its relationship. SAS' business solutions and experience will offer Microsoft customers with an added benefit in medical, financial and various other sectors as well.
• In November 2020, IBM declared various data and automation updates to its Hybrid Cloud software portfolio which would enable businesses to push creativity and propel digital transformation.
• In February 2021, Google signed a contract for six-years with Ford Motor Co. which will provide Android technology to the Ford cars and cloud services to its factory floor.
• In June 2019, Google acquired Looker Data Sciences Inc. to extend its offering to the customers for $ 2.6 billion. This acquisition will assist Google to increase the sales of cloud storage and software to its customers.

The global Cloud Analytics Market has been segmented as below:

Cloud Analytics Market, By Deployment Model

• Public Cloud
• Private Cloud
• Hybrid Cloud
• Community Cloud

Cloud Analytics Market, By Organization Size

• Large Enterprises
• Small and Medium-Sized Enterprises

Cloud Analytics Market, By End User

• Retail
• BFSI
• IT & Telecom
• Media & entertainment
• Education
• Government
• Energy & Utilities
• Automotive
• Healthcare
• Others

Cloud Analytics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Cloud Analytics Market, By Company

• Microsoft
• Board International
• Pyramid Analytics
• Google
• Oracle
• IBM
• Salesforce
• SAP
• TIBCO Software
• SAS Institute
• Teradata
• AWS
• MicroStrategy
• HPE
• Sisense
• Atos
• Cloudera
• Hitachi Vantara
• ThoughtSpot

The report covers the below scope:

• Global Cloud Analytics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Cloud Analytics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cloud Analytics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Cloud Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cloud Analytics Market share. Major industry players with significant revenue share include Microsoft, Board International, Pyramid Analytics, Google, Oracle and others.

Why to Buy this Report:

• Gain detailed insights on the Cloud Analytics industry trends
• Find complete analysis on the market status
• Identify the Cloud Analytics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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