Rising Popularity of Big Data to Drive Global Cloud Analytics Industry

Published Date : Jun 27, 2016

ALBANY, NY, June 27, 2016: MarketResearchReports.biz has announced the inclusion of a market research study to its comprehensive collection of research reports. The research study, titled “Global Cloud Analytics Industry 2016 Market Research Report,” provides a detailed reports of the industry, including its past performance and future projections. The product segmentation, major geographical segments, key drivers, barriers, and vendor reports of the global cloud analytics industry have been discussed in the research report. 

Cloud analytics refers to a set of analytical and technological tools that have been particularly designed to help customers in extracting the desired information from massive data. Cloud analytics has progressed from the combination of cloud computing and data analytics technologies. In the last few years, cloud analytics has been gaining traction and is widely used in small-sized, mid-sized, and large enterprises worldwide. Cloud analytics solutions can be delivered to the clients through four delivery modes, such as community cloud, public cloud, hybrid cloud, and private cloud.

In the last few years, there has been a massive growth in Big Data, which is one of the key factors projected to drive the global cloud analytics industry throughout the forecast period. In addition, the cost benefits and easy and quick implementation of data provided by cloud analytics are further expected to fuel the growth of the industry in the coming years. However, issues regarding application performance and data security are anticipated to curtail the growth of the overall industry in the near future.

The global cloud analytics industry has been classified on the basis of solutions into hosted data warehouse solutions, complex event processing, cloud business intelligence tools, enterprise performance management, governance, risk, and compliance, enterprise information management, and analytics solutions. The analytical solutions segment can be further sub-classified into web analytics, machine analytics, text analytics, speech analytics, spatial analytics, video analytics, and predictive analytics. The share and size of each segment have been further discussed in the research study.

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Furthermore, the global cloud analytics industry has been divided on the basis of geography into Europe, China, the U.S., and Japan. Among these regions, the U.S. is anticipated to account for the largest share in the global cloud analytics industry in the forecast period. The fast-paced growth of this region can be attributed to the increasing use of software solutions in several business activities and rapid industrialization. Furthermore, China and Japan are projected to grow substantially throughout the forecast period.

The research study further analyzes the major players operating in the global cloud analytics industry and offers a detailed vendor reports for the same. In addition, detailed company profiles and their SWOT reports have also been provided in the research report. Some of the prominent players mentioned in the study are Teradata, Razorsight, Informatica, Exafort, BIME, GoodData, Cloud9, Tibco Software, IBM, Host Analytics, SAS Institute, MicroStrategy, HP, Microsoft, Oracle, Tableau Software, Actuate, Google, and SAP.

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