London, 02 February 2015 – Increased adoption of data analytics has resulted in the growth of the Global Cloud Analytics Market, which is expected to post a CAGR of 26.29 percent from 2014-2019, says research firm TechNavio.
The adoption of data analytics has increased significantly across enterprises, over the years. Data analytics combined with cloud computing is allowing organizations to track social media traffic engagement and statistics, in order to understand customers and provide customized services.
“Organizations are using data analytics in the cloud to maximize their profits by increasing revenue and saving on costs,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes cloud analytics solutions that have gained traction because of an increase in the rate of data expansion and the growth of big data. The huge growth of data generated from various sources is a major driver for rapid increases in cloud analytics solutions. These solutions provide better ways to process, store and analyze data, thus increasing overall business performance.
“Cloud analytics solutions automate the data of all systems and provide proper command so that the data are well maintained and can be accessed from anywhere,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
