The global Cloud Analytics Market witnessed a remarkable valuation of approximately US$ 35,100.5 million in 2022, reflecting a burgeoning demand for advanced analytics solutions in the business landscape.
In 2022, cloud analytics market was estimated to be worth about US$ 35,100.5 million. The market is anticipated to reach a valuation of about US$ 171,019.6 million by the end of 2033, with a CAGR of 15.6% for the following 10 years. By the end of 2033, the global absolute dollar opportunity growth in the cloud analytics market is anticipated to reach US$ 112 billion.
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US to Dominate Cloud Analytics Market throughout the Analysis Period
Cloud analytics market in the U.S. is projected to be valued at US$ 51.3 Bn by the end of 2032. Revenue through cloud analytics in the U.S. grew at 22.7% CAGR during 2015-2021 and is expected to achieve a growth rate of 15.2% CAGR over the forecast period.
The dominance of U.S. in cloud analytics market is attributed to their advanced IT infrastructure and rapid innovations in providing cloud-based analytical solutions with the help of Artificial Intelligence and machine learning. They are used for providing solutions to customers in analyzing insights from huge sets of data. The absolute dollar opportunity growth in cloud analytics market in the U.S. is estimated at US$ 38.7 Bn by 2032.
“Key companies in cloud analytics market are forming strategic alliances to provide analytical solutions to let organizations turn data into actionable insights”. Comments an analyst at Future Market Insights.
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Cloud Analytics Market: Competition Insights
Key companies operating in the cloud analytics market are forming strategic partnerships to accelerate the development of cloud analytics and deploy analytical solutions across all verticals.
The key companies operating in the cloud analytics market include
The Hewlett Packard Enterprise Company, SAP SE, Atos, Cloudera, Hitachi Vantara Corporation, ThoughtSpot, Qilk, GoodData, Alteryx, Yellowfin, Pyramid Analytics, Board International, Hewlett-Packard Enterprise, AWS, Domo, Sisense, and Looker.
Some of the recent developments by key providers of Cloud Analytics are as follows:
Similarly, recent developments related to companies involved in cloud analytics have been tracked by the team at Future Market Insights, which is available in the full report.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Cloud Analytics Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Cloud Analytics Market in terms of Solution (Cloud BI Tools, Hosted Data Warehouse Solutions, Complex Event Processing, Enterprise Information Management, Enterprise Performance Management, Governance, Risk and Compliance, Analytics Solutions), Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (SMEs, Large Enterprises), Vertical ( BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Media and Entertainment, Government, Telecom and IT, Research and Education, Energy, Manufacturing and Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
Key Segments Covered In Cloud Analytics Industry Survey
Cloud Analytics Market by Solution:
Cloud Analytics Market by Deployment Type:
Cloud Analytics Market by Organization Size:
Cloud Analytics Market by Vertical:
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 21, 2024