Global Cloud Business Analytics Market - Trends Analysis, Company Usability Profiles & Forecasts to 2024
360iResearch predicts the global cloud business analytics market to grow from USD 8,723.82 million in 2016 to USD 41,917.91 million by 2024, at a Compound Annual Growth Rate (CAGR) of 21.68%. The year 2016 has been considered as the base year, while the forecast period is up to 2024.
The major forces driving the growth of the cloud business analytics market include the need for advanced mobility, agile and adaptable platforms and inherent cloud benefits of scalability and flexibility. Moreover, faster time-to-value and collaboration with enterprise tools are also some of the factors that are driving the market growth. However reporting and analyzing multiple systems, and inability to find the tool that can best meet organizations need may hinder the market growth. In the middle of difficulty lies opportunity such as the evolution and rise of smac, considering hybrid models for deployment of business analytics, and data democratization driving adoption of self-service business intelligence. The possible challenges for the market growth is security issues. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global cloud business analytics market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the global cloud business analytics market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the cloud business analytics market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Adobe Systems, Inc., Cloudability, Inc., Densify, Inc., EXPONEA, s.r.o., Google LLC, International Business Machines Corporation (IBM), Microsoft Corporation, Mixpanel, Inc., Oracle Corporation, PanTerra Networks, Inc., SAP SE, SAS Institute, Inc., Tableau Software, Inc., and Teradata Corporation.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of cloud business analytics market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the cloud business analytics market that will impact the demand during the forecast period. Moreover, the competitive analysis of cloud business analytics market brings an insight on the company usability profiles of the leading players. Additionally, the analysis highlights business overview, product offering, SWOT analysis of the key companies in the market.
Reasons to Buy:
The cloud business analytics market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global cloud business analytics market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
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