The global cloud analytics market size is likely to project a CAGR of nearly 20.7%  during the forecast years 2021-2028. The cloud analytics market is driven by the growing trend of digitalization and massive rise in big data and ease of access offered by cloud and online services during COVID-19 which acts as a driver as the demand for cloud analytics solutions is increasing.

The present and future cloud analytics market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that influences the cloud analytics market opportunities is the insufficient in-house IT expertise and equipment. Furthermore, growing use of mobile apps due to the COVID-19 pandemic is the key factor driving the market growth for the cloud analytics market.

Also, increasing availability of cloud-based solutions at affordable prices and growing digitalization is another factor driving the market growth. Furthermore, growing acceptance of mobile applications, high reliance on work-from-home culture is likely to provide lucrative development opportunities for the cloud analytics market in the forthcoming years.

The report also emphasizes several distinctiveness of the global cloud analytics industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the cloud analytics industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.

The cloud analytics market has tough competition among the new emerging and pre-established market vendors. Besides, the cloud analytics industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.

In terms of product, the global cloud computing market is segmented as SaaS, IaaS, and PaaS. SaaS, PaaS, and IaaS are simply three ways to describe how a user can use the cloud for their business The software as a Service (SaaS) segment dominated the cloud computing market in 2019 owing to its flexible costs, easy maintenance, and deployment.

North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the cloud analytics market in this region is high adoption of cloud computing services by numerous organizations from all the industry verticals, and extensive usage of social media are supporting the regional growth in the cloud analytics market in the country in this region. However, the growth in Asia Pacific region is likely due to the growing number of start-ups demanding and seeking cloud computing services to manage their business effectively in countries in this region.

The major players of the global cloud analytics market are Microsoft Corporation, IBM Corporation, Oracle Corporation, Google, LLC, SAP SE, TIBCO Software, Inc., Salesforce.Com, SAS Institute, Inc., AWS, MicroStrategy, Cloudera, Alteryx, Inc., Sisense, and Atos. Renowned companies are offering new and modern cloud analytics software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global cloud analytics market.

Segment Overview of Global Cloud Analytics Market

Deployment Overview, 2021-2028 (USD Million)

• Private
• Public

Product Mode Overview, 2021-2028 (USD Million)

• SaaS
• PaaS
• IaaS

Enterprise Size Overview, 2021-2028 (USD Million)

• SMEs
• Large Enterprise

End Use Overview, 2021-2028 (USD Million)

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Energy & Utilities
• Others

Regional Overview, 2021-2028 (USD Million)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa (MEA)
  • UAE
  • South Africa
  • Rest of MEA

• South America
  • Brazil
  • Mexico
  • Rest of South America