Cloud Analytics Market Share, Growth & Trend Analysis
Report By Major Segments

The report for Cloud Analytics Market is
estimated to grow from USD 35.7 billion in 2024 to USD 118.5 billion in 2029,
at a CAGR of 27.1% during the forecast period, according
to new research report by MarketsandMarkets™

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in-depth TOC on “Cloud Analytics Market"

333 - Tables


66 - Figures

342 – Pages

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Cloud Analytics Market Analysis

Cloud analytics revolutionizes data storage and analysis by
harnessing the power of the cloud. By storing and analyzing data in the cloud,
businesses can extract actionable insights crucial for both SMEs and large
enterprises. This approach facilitates identifying patterns, predicting future
outcomes, and gaining valuable insights. Cloud analytics offers an opportunity
to consolidate data and convert it into actionable intelligence while reducing
procurement and maintenance costs. It involves utilizing both cloud-stored data
and the rapid computing power of the cloud for faster analytics. However, with
cloud infrastructure, organizations gain access to scalable, secure, and
efficient data storage and processing solutions, enabling them to meet the
demands of big data and drive innovation.

List of Top Companies

·      
IBM
(US)

·      
SAS
Institute (US)

·      
Oracle
(US)

·      
Google
(US)

·      
Microsoft
(US)

·      
Teradata
(US)

·      
Salesforce
(US)

·      
AWS
(US)

·      
NetApp(US)

·      
Qilk(US)

·       Sisense (US)

By offering the services segment to account for higher CAGR
during the forecast period

Services segment in the cloud analytics market have
experienced remarkable growth in the cloud analytics market, fueled by the
increasing adoption of data-driven decision-making across industries. These
services offer businesses the capability to analyze vast amounts of data stored
in the cloud swiftly and efficiently, enabling them to extract valuable
insights for strategic planning, optimization, and innovation. With the
scalability and flexibility of cloud infrastructure, analytics services can
accommodate diverse data types and analytical workloads, empowering
organizations to derive actionable intelligence from their data in real time.
As businesses continue to prioritize agility and competitiveness, the demand
for cloud analytics services is expected to soar, driving further innovation
and expansion in the cloud analytics market landscape.

By Type, advanced analytics solution is expected to hold the
largest market size for the year 2024

The surge in advanced analytics adoption within the cloud
analytics market is reshaping the landscape of data-driven decision-making.
Organizations across diverse sectors are increasingly turning to advanced
analytics solutions hosted on cloud platforms to extract deeper insights from
their data. This trend stems from the growing realization that traditional
analytics methods are no longer sufficient to cope with the complexities of
modern data ecosystems. Advanced analytics, powered by machine learning algorithms,
predictive modeling, and AI, offer unparalleled capabilities to uncover hidden
patterns, forecast trends, and optimize business processes. By leveraging the
scalability, flexibility, and cost-effectiveness of cloud infrastructure,
businesses can access powerful analytics tools without the burden of hefty
upfront investments in hardware and software. As a result, the cloud analytics
market is witnessing rapid expansion, fueled by the transformative potential of
advanced analytics in driving innovation, enhancing operational efficiency, and
gaining a competitive edge in today's data-driven economy.

By Vertical, Healthcare & Life Sciences is projected to
grow at the highest CAGR during the forecast period

The healthcare and life sciences sector is experiencing a
transformative shift with the emergence of cloud analytics. This technology
integrates vast amounts of data from various sources, including electronic
health records, wearable devices, and genomic information, to derive meaningful
insights and drive informed decision-making. Cloud analytics offers
scalability, flexibility, and cost-effectiveness, enabling organizations to
efficiently manage and analyze massive datasets that were previously challenging
to handle. By leveraging advanced analytics techniques such as machine learning
and predictive modeling, healthcare providers and life sciences companies can
enhance patient care, optimize clinical workflows, and accelerate drug
discovery processes. Moreover, cloud-based analytics facilitates collaboration
among researchers, clinicians, and stakeholders, fostering innovation and
driving advancements in personalized medicine and population health management.
As the industry continues to embrace digital transformation, cloud analytics
stands as a cornerstone for unlocking the full potential of data-driven
healthcare and life sciences initiatives.

Asia Pacific is expected to grow at the highest CAGR
during the forecast period

The Asia Pacific region is experiencing a significant surge
in the adoption of cloud analytics, reshaping how businesses make data-driven
decisions. Companies spanning various industries are embracing cloud-based
analytics platforms to optimize operations, foster innovation, and gain
actionable insights. Additionally, the ubiquitous nature of mobile devices and
internet connectivity has heightened the demand for real-time analytics
accessible from anywhere. Governments and enterprises recognize the strategic
value of harnessing analytics to maintain competitiveness in the global
marketplace. Consequently, investments in cloud analytics technologies and
talent development are escalating, positioning the Asia Pacific region as a
pivotal player in the global cloud analytics landscape.

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