Cloud Analytics - $37.8 Billion Global Market Forecasts to 2023 - ResearchAndMarkets.com
Sep. 11, 2018
DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The "Cloud Analytics Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The global cloud analytics market was valued at US$11.272 billion in 2017 and is projected to reach US$37.816 billion in 2023 exhibiting a CAGR of 22.35% during the forecast period.
Major factors driving the Cloud Analytics market growth include easy installation features of cloud analytics services and emergence of big data. Another factor contributing to the growth is the high adoption rate of cloud analytics across all industries.
Increasing demand for cloud analytics for text analytics for use in fraud detection and security management applications is also expected to accelerate the growth of the industry. However, global economic slowdown and growing security concerns act as hindrances to the growth of the market.
The North America and the European region held a significant market share in the cloud analytics market on account of strict compliance requirement for companies, which have to adhere to robust industry standards.
Enhancing visibility of financial performance is one of the major reasons for the increasing adoption of cloud analytics solutions in organizations across North America. Growing adoption of cloud analytics solutions by the government sector is also expected to boost the market growth in this region.
The Asia Pacific region will exhibit substantial growth over the next forecast period.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Cloud Analytics Market by Deployment Model
6. Cloud Analytics Market by Organization Size
7. Cloud Analytics Market by Industry Vertical
8. Cloud Analytics Market by Geography
9. Competitive Intelligence
10. Company ProfilesSAP Oracle Corporation Microsoft Corporation IBM Corporation Teredate Corporation Alphabet, Inc. Hewlett-Packard SAS Institute, Inc. Microstrategy Incorporated Tableau Software
For more information about this report visit https://www.researchandmarkets.com/research/2svl8f/cloud_analytics?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005688/en/
Laura Wood, Senior Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Cloud Computing and Storage
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/11/2018 01:32 PM/DISC: 09/11/2018 01:32 PM