Global Cloud Analytics Market

Cloud Analytics Market Size, Share, Growth Analysis, By Deployment(Public, Private, and Hybrid), By Solution(Cloud Business Intelligence (BI) Tools, Enterprise Information Management, Governance, Risk), By Organization Size(Small & Medium Enterprises, and Large Enterprises), By End User(BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45B2044 | Region: Global | Published Date: June, 2024
Pages: 274 |Tables: 125 |Figures: 77

Cloud Analytics Market Insights

Cloud Analytics Market size was valued at USD 22.07 billion in 2019 and is poised to grow from USD 25.71 billion in 2023 to USD 128.89 billion by 2031, growing at a CAGR of 22.32% in the forecast period (2024-2031).

Data on the cloud is analyzed using cloud analytics to get helpful data and deeper insights. By obtaining, integrating, analyzing, and presenting insights, cloud analytics aid in streamlining business processes and enabling organizations to make better decisions for better results. Additionally, by enhancing data governance and granting more granular access control for individuals who need access to data, cloud analytics contributes to the provision of a solitary and secure entry point to data. The need for cloud analytics solutions is increasing, which fuels the expansion of the cloud analytics market. This is due to an increase in cloud adoption by businesses around the world and the massive amount of data generated in businesses.

Some of the key factors propelling the growth of the global cloud analytics market include the expanding availability of data connectivity through multi-cloud and hybrid settings, numerous advantages of analytics solutions integrated on the cloud, and the advancement of big data technology. Key market players are currently pursuing strategies to provide distinctive and tailored solutions that will help businesses navigate the multi-cloud landscape more easily.

US Cloud Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 22.07 billion

Largest Segment

Public

Fastest Growth

Public

Growth Rate

22.32% CAGR

Global Cloud Analytics Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Cloud Analytics Market Segmental Analysis

Global Cloud Analytics market is segmented based on deployment, solution, organization size, end user, and region. Based on the deployment, the market is segmented into public, private, and hybrid. Based on the solution, the market is segmented into Cloud Business Intelligence (BI) tools, enterprise information management, governance, risk, and compliance, enterprise performance management, analytics solutions, and others. Based on the organization size, the market is segmented into small & medium enterprises, and large enterprises. Based on the end user, the market is segmented into BFSI, IT and telecommunications, retail and consumer goods, healthcare and life sciences, manufacturing, research & education, others. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Cloud Analytics Market Analysis by Deployment

Based on the deployment, the cloud analytics market is segmented into public, private, and hybrid. Among these, the public cloud segment of the market is projected to hold the most substantial share in the market. The low prices and excellent bandwidth efficiency provided by public cloud servers are responsible for the expansion of the public cloud market. A cloud service provider can manage the public cloud infrastructure across the internet and the web, providing organizations with enormous value in terms of cost savings, communication agility, and network access. With the flexibility to consume resources on a pay-per-use basis, the public cloud model helps businesses fulfil their collaborative needs for business operations and offers quick control over corporate infrastructure and communications channels. Public cloud installations are being used by businesses to manage streaming and real-time business applications.

Over the forecast period, the hybrid cloud segment is anticipated to experience a considerable CAGR. The high level of protection and control it provides is the major factor fueling the segment's growth. In order to solve privacy concerns and regain control over their business data, organizations are creating a hybrid cloud infrastructure.

Global Cloud Analytics Market By Deployment, (%), 2023 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Cloud Analytics Market Regional Insights

In 2021, North America is expected to have the biggest share of the global cloud analytics market share. Key players in the region are adopting cloud-based analytics solutions to fulfill user demand for better data quality, better integration, and data visualization. The promotion of Cross-Border Privacy Rules (CBPR) by the U.S. and increasing investment in cloud services by major players are anticipated to create attractive growth prospects for this industry in the region. The regional market has also been strengthened by the expanding trend toward subscription-based services, increased smartphone penetration, and technological improvements.

Other factors that drive the market growth in the Asia Pacific region is the construction of data centers by major providers like Amazon Web Services (AWS) and Google Cloud, which eliminated worries about data offshore and security breaches. The region's market has grown thanks to key players' improved bandwidth connectivity, which has made it simpler to offer cloud services. Businesses in the area are attempting to take use of cutting-edge technology to grow their data platforms, which is anticipated to have a positive impact on the local market.

In 2021, Europe gained a sizable market share. Germany and the United Kingdom are important markets because of rising investments and a growth in businesses looking into the usage of AI and NLP technology for a variety of applications. The regional markets have adopted AI and NLP technology broadly in their commercial institutions and other industries, enhancing customer service and business productivity. The regions have the advanced activities, technologies, and infrastructure needed to turn analytics into reliable solutions with fresh benefits.

The exponential use of data analytics solutions across numerous industry verticals, including BFSI and retail, among others, to manage and process enormous data sets and acquire useful business insights, is the key driver of this market's growth in the Middle East, Africa, and Latin American region.

Global Cloud Analytics Market By Region, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Cloud Analytics Market Dynamics

Cloud Analytics Market Driver

  • The increased demand for analytics solutions is one of the primary drivers of the Global Cloud Analytics Market. Organizations are focusing on analytics solutions to adapt the strategic decision-making process as a result of increasing digitization, the availability of a wide range of data, and the need to stay ahead of the competition. Today's businesses are pushing toward digitization in order to analyze a sizable volume of unstructured data flowing across multiple platforms and improve company strategies. International Data Corporation (IDC) predicts that by 2025, 80% of the worldwide data gathered from businesses would be unstructured. In order to comprehend worldwide trends, client demand, and competitive benchmarks, firms have implemented a variety of business management systems based on the cloud. These analytics tools aid businesses in operating efficiently and successfully by assisting them in making better decisions based on historical and current data.
  • Companies can now analyze a lot of data due to real-time insights from cloud-based analytics solutions. This enables them to improve customer experience, accelerate digital business, and enhance communications network, security, and application performance. Organizations may improve their strategic decision-making with the use of cloud-based analytics tools, which can help them achieve high operational efficiency, increased customer happiness, and robust profit and revenue levels. As a result, there will be a high demand for cloud-based data storage and analytics tools as unstructured data grows.

Cloud Analytics Market Restraint

  • Data security issues, such as data thefts, breaches, and loss of sector-specific information, are emerging as a result of business organisations using cloud technology more frequently across a number of worldwide industries. In cloud analytics, data is transferred from several cloud providers, and many corporate businesses share their multi-tenancy architecture. Cloud infrastructure servers are accessed and virtually shared across a number of lines inside an organization, as opposed to being shared over a single line. This process raises a number of issues related to data security. This, thus, hinders the growth of the market.

Request Free Customization of this report to help us to meet your business objectives.

Cloud Analytics Market Competitive Landscape

Global Cloud Analytics Market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.

Cloud Analytics Market Top Player’s Company Profiles

  • Microsoft

  • Amazon Web Services (AWS)

  • Google

  • IBM

  • SAP

  • Salesforce

  • Snowflake

  • Domo

  • Tableau

  • Qlik

  • SAS Institute

  • Teradata

  • MicroStrategy

  • Alteryx

  • Cloudera

  • Informatica

  • TIBCO Software

  • Talend

  • GoodData

Cloud Analytics Market Recent Developments

  • In September 2022, Google Cloud Logging launched Log Analytics powered by Big Query. Users of the feature can perform analytics on logs using the power of BQ within Cloud Logging. To begin using Log Analytics, you can change your current Log Buckets. To consume data, complicated data pipeline designs are not necessary.
  • In August 2022, Yellow brick Data's cloud data warehouse made its first public debut at the Gartner Data & Analytics Summit. The Yellowbrick data warehouse is cloud-native and built on Kubernetes; it elastically scales with increasing organizational needs, supports hybrid and multi-cloud deployment, lays the groundwork for data mesh and data fabrics, improves data lakes and lakehouses, and supports every other business buzzword of the day.

Cloud Analytics Key Market Trends

  • Business intelligence has grown in popularity in recent years as both structured and unstructured data have expanded. Businesses of all sizes are concentrating more on integrating business intelligence applications into their corporate infrastructures in order to acquire a competitive edge. Today, the majority of firms follow a streamlined process that involves locating, gathering, storing, and transferring a vast amount of data. BI solutions are used for this data in order to facilitate rapid and easy business decision-making. Standard visualization tools for the data should be available for identifying consumer preferences and patterns, gaining strategic insights, and balancing the supply and demand for new and existing goods and services. Business intelligence solutions are utilized by businesses in a variety of industries to make data easier to interpret and generate meaningful business insights. This, thus, is a rising trend that is projected to create ample opportunities for the Global Cloud Analytics Market in the future.

Cloud Analytics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, Global Cloud Analytics Market research is done based on deployment, solution, organization size, end user, and region. Based on the deployment, the public segment is projected to hold the most substantial share in the market. Based on the solution, the Cloud Business Intelligence (BI) tools, segment is projected to hold the most substantial share in the market. Based on the organization size, large enterprises segment is projected to hold the most substantial share in the market. Based on the end user, the BFSI and IT and telecommunications segments are projected to hold the most substantial share in the market.

Report Metric Details
Market size value in 2023 USD 22.07 billion
Market size value in 2031 USD 128.89 billion
Growth Rate 22.32%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Deployment
    • Public, Private, and Hybrid
  • Solution
    • Cloud Business Intelligence (BI) Tools, Enterprise Information Management, Governance, Risk, and Compliance, Enterprise Performance Management, Analytics Solutions, and Others
  • Organization Size
    • Small & Medium Enterprises, and Large Enterprises
  • End User
    • BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Research & Education, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Microsoft

  • Amazon Web Services (AWS)

  • Google

  • IBM

  • SAP

  • Salesforce

  • Snowflake

  • Domo

  • Tableau

  • Qlik

  • SAS Institute

  • Teradata

  • MicroStrategy

  • Alteryx

  • Cloudera

  • Informatica

  • TIBCO Software

  • Talend

  • GoodData

Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cloud Analytics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cloud Analytics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cloud Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Analytics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Analytics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cloud Analytics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Cloud Analytics Market size was valued at USD 22.07 billion in 2019 and is poised to grow from USD 25.71 billion in 2023 to USD 128.89 billion by 2031, growing at a CAGR of 22.32% in the forecast period (2024-2031).

Cloud Analytics Market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Oracle Corporation', ' Microsoft ', ' Amazon Web Services (AWS) ', ' Google ', ' IBM ', ' SAP ', ' Salesforce ', ' Snowflake ', ' Domo ', ' Tableau ', ' Qlik ', ' SAS Institute ', ' Teradata ', ' MicroStrategy ', ' Alteryx ', ' Cloudera ', ' Informatica ', ' TIBCO Software ', ' Talend ', ' GoodData '

The increased demand for analytics solutions is one of the primary drivers of the Cloud Analytics Market. Organizations are focusing on analytics solutions to adapt the strategic decision-making process as a result of increasing digitization, the availability of a wide range of data, and the need to stay ahead of the competition. Today's businesses are pushing toward digitization in order to analyze a sizable volume of unstructured data flowing across multiple platforms and improve company strategies. International Data Corporation (IDC) predicts that by 2025, 80% of the worldwide data gathered from businesses would be unstructured. In order to comprehend worldwide trends, client demand, and competitive benchmarks, firms have implemented a variety of business management systems based on the cloud. These analytics tools aid businesses in operating efficiently and successfully by assisting them in making better decisions based on historical and current data.

Business intelligence has grown in popularity in recent years as both structured and unstructured data have expanded. Businesses of all sizes are concentrating more on integrating business intelligence applications into their corporate infrastructures in order to acquire a competitive edge. Today, the majority of firms follow a streamlined process that involves locating, gathering, storing, and transferring a vast amount of data. BI solutions are used for this data in order to facilitate rapid and easy business decision-making. Standard visualization tools for the data should be available for identifying consumer preferences and patterns, gaining strategic insights, and balancing the supply and demand for new and existing goods and services. Business intelligence solutions are utilized by businesses in a variety of industries to make data easier to interpret and generate meaningful business insights. This, thus, is a rising trend that is projected to create ample opportunities for the Cloud Analytics Market in the future.

In 2021, North America is expected to have the biggest share of the cloud analytics market share. Key players in the region are adopting cloud-based analytics solutions to fulfill user demand for better data quality, better integration, and data visualization. The promotion of Cross-Border Privacy Rules (CBPR) by the U.S. and increasing investment in cloud services by major players are anticipated to create attractive growth prospects for this industry in the region. The regional market has also been strengthened by the expanding trend toward subscription-based services, increased smartphone penetration, and technological improvements.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Cloud Analytics Market

Product ID: SQMIG45B2044

$5,300
BUY NOW GET FREE SAMPLE