Cloud Analytics Market to Rise at 24.3% CAGR till 2026; Increasing Number of Product Launches by Major Companies to Aid Growth, Says Fortune Business Insights™

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Key Companies Profiled are Oracle Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, MicroStrategy Incorporated, SAS Institute Inc., Tableau Software, Teradata, TIBCO Software Inc., VMware, Inc., among others

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Fortune Business Insights

Feb 25, 2020, 09:30 ET

PUNE, India, Feb. 25, 2020 /PRNewswire/ -- The global cloud analytics market size is projected to reach USD 72.40 billion by the end of 2026. The increasing use of cloud platforms in fraud detection software will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "Cloud Analytics Market Size, Share & Industry Analysis, By Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small And Medium-Sized Enterprises (SMEs) and Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Education, and Others) and Regional Forecast, 2019-2026," the market was worth USD 13.15 billion in 2018 and will exhibit a CAGR of 24.3% during the forecast period, 2019-2026.

Cloud Analytics Market Analysis, Insights and Forecast, 2015-2026

Cloud analytics is a platform through which businesses can help make faster strategic decisions. It helps them get faster access to real time data. The ability of cloud analytics to enhance the overall business operations will have a direct impact on the growth of the market in the coming years. Additionally, the increasing use of the product in fraud detection activities will lead to a wider product adoption across the world. The use of concepts such as the IoT and AI will contribute to the growing demand for the product. Cloud analytics help companies obtain detailed information of the users and subsequently eliminate the need for complex processes. The increasing number of product launches by major companies, with the aim of catering to increasing consumer demand will aid the growth of the market in the forthcoming years.

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Increasing Number of Product Launches Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches have made the highest impact on the market. In January 2020, GoodData Corporation announced that it will be extending its new Freemium tier pricing to more users. Through Freemium tier pricing, GoodData will look to extend its cloud analytics services to all companies that are using the cloud or on-premise. GoodData latest initiative will not only help the company grow but will also have a direct impact on the growth on the market in the coming years.

North America to Emerge Dominant; Presence of Several Large Scale Companies Wil Emerge in Favor of Market Growth

The report analyzes the ongoing dialysis market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years, driven by the presence of several large scale companies in several countries across this region. As of 2018, the market in North America was worth USD 34.81 billion and this value is likely to increase further in the forthcoming years.

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List of leading companies that are operating in the global cloud analytics market are:

Oracle Corporation
Hewlett Packard Enterprise Development LP
IBM Corporation
Microsoft Corporation
MicroStrategy Incorporated
SAS Institute Inc.
Tableau Software
Teradata
TIBCO Software Inc.
Cloud 9 Business Analytics Ltd
GoodData Corporation
Panorama Software
Rackspace Inc.
VMware, Inc.

Industry Developments:

November 2019: Tableau announced that it has partnered with Amazon Web Services for the launch of a new cloud analytics services.

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Table of Content:

Introduction

Definition, By Segment
Research Approach
Sources

Executive Summary
Market Dynamics

Drivers, Restraints and Opportunities
Emerging Trends

Industrial Use Cases

Use Case #1
Use Case #2
Use Case #3

Key Insights

Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players

Global Cloud Analytics Market Analysis, Insights and Forecast, 2015-2026

Key Findings / Summary
Market Size Estimates and Forecasts

By Deployment (Value)

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size (Value)

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By End-User (Value)

BFSI
IT and Telecommunications
Retail and Consumer Goods
Healthcare and Life Sciences
Manufacturing
Education
Others

By Region (Value)

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Continued..!!!

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