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  • Cloud Analytics Market Competition by Top Manufacturers, Production, Price and Revenue 2017-2023

     



    (I-SoftwareNews.Com, February 26, 2018 ) According to Publisher, the global cloud analytics market to grow from USD 8723.82 million in 2016 to USD 33917.91 million by 2023, at a CAGR of 21.41%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.

    Cloud analytics brings together the advantage of cloud computing and big data analytics. Cloud analytics is a cloud service model that performs data analysis and business intelligence process on data stored in the cloud. This service is delivered through SaaS business intelligence, social media analytics and hosted data warehouses. Cloud analytics help organization to increase agility and derive effective decision making. Cloud analytics has the capability to offer opportunities to the different business domains to analyze the sales, marketing, supply chain and customer service data. Combining customer demographics, market size and competitive information with cloud analytics help to improve the marketing and forecasting capabilities.

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    The major forces driving the growth of the cloud analytics market include the rise in big data and adoption of cloud technology and data backed decision making. Moreover, easy deployment is also one of the factors that is driving the market growth. However data security concern, and incompatible applications on cloud may hinder the market growth. In the middle of difficulty lies opportunity such as the cloud bi on public cloud, and integrating cloud data technology with data analysis enabling forecasting. The possible challenges for the market growth are holistic solution for corporate wide and departmental focused deployment, and integrated business environment. But key players in the market are overcoming the challenges with continual improvement and innovation.

    Based on industry, the global cloud analytics market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global cloud analytics market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

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    Report Highlights:
    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 analytics market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the cloud analytics market that will impact the demand during the forecast period. Moreover, the competitive analysis of cloud analytics market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.

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