Global Cloud Analytics Market 2023-2027

Global Cloud Analytics Market 2023-2027

Technavio has been monitoring the cloud analytics market and is forecast to grow by $49051.7 mn during 2022-2027, accelerating at a CAGR of 20.69% during the forecast period. Our report on the cloud analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by hybrid and multi-cloud setups that can improve data connectivity, increasing demand for cloud-based applications, and machine learning and AI adoption.

Technavio's cloud analytics market is segmented as below:

By SolutionHosted data warehouse solutionsCloud BI toolsComplex event processingOthersBy DeploymentPublic cloudHybrid cloudPrivate cloudBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the rise in cloud security applications as one of the prime reasons driving the cloud analytics market growth during the next few years. Also, expansion of cloud computing models and multi-cloud services gaining traction will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the cloud analytics market covers the following areas:Cloud analytics market sizingCloud analytics market forecastCloud analytics market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud analytics market vendors that include Actian Corp., Alphabet Inc., Amazon.com Inc., Cloud Software Group Inc., Hewlett Packard Enterprise Co., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Open Text Corp., Oracle Corp., Panorama Software Inc., QlikTech international AB, Rackspace Technology Inc., Salesforce.com Inc., SAP SE, Sisense Ltd., Teradata Corp., VMware Inc., and Zendesk Inc. Also, the cloud analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.