This industry research report details the key trends, drivers and market forecast for cloud analytics until 2020. The research report outlines the Segmentation of the market by analytics, BI, data warehousing (DW), and enterprise project management (EPM). Market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include HP, IBM, Microsoft, Oracle, and SAP.
Technavio’s market research analysts estimate the global cloud analytics market to grow at a CAGR of 21% between 2016 and 2020. The cloud analytics market is expanding rapidly as it finds utility in many industries. The emergence of easy implementation of cloud technology and its integration with analytics and BI tools drives this market. The Americas dominate the global market for cloud analytics, accounting for around 52% of the overall market share. The American enterporises are increasingly adopting cloud solutions such as financial management applications to increase their financial transparency.
The new market research report from Technavio provides a breakdown and analysis of the cloud analytics segments by technology.
“Owing to the increase in the adoption of smart devices like smartphones and tablets, the organizations are providing work-from-home options to reduce costs and enhance employee mobility. Consequently, the vendors are coming up with mobile predictive analytics applications which enables end-users to maintain high-quality services even when in remote locations,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
Of late, the healthcare sector has emerged as the largest end-user of cloud computing and cloud analytics services. Cloud analytics helps in providing analytical expertise and data analysis of the healthcare data, and helps in maintaining better patient records at low costs. In recent years, organizations have been deploying user-friendly predictive modeling tools that are offered independently or as embedded features of an organization’s data warehousing solution.
The key players in the global cloud analytics market include HP, IBM, Microsoft, Oracle, and SAP. The global cloud analytics market is witnessing the entry of many cloud computing and big data analytics vendors that are competing with the traditional and on-premise vendors in the market. The core cloud computing vendors in the market will look to expand their reach with many mergers and acquisitions during the forecast period.
A more detailed analysis is available in the Technavio report, Global Cloud analytics market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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