Cloud analytics is a service model in which elements of the data analytics process are provided by a public or private cloud. Cloud analytics applications and services are typically offered under a subscription-based or pay-per-use pricing model. Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative in which one or more of these elements is implemented in the cloud terms as cloud analytics.
According to Gartner’s Analyst Bill Gassman, before investing in cloud analytics, an enterprise needs to fully grasp the extent of what’s involved. ‘The danger is people will go down this road and not understand the scope,’ Gassman said. Investing in cloud analytics can be profitable for an organization but proper planning is essential to ensure that all six analytics elements are covered.
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Top Global Players: Vmware, Tibco Software, Teradata, Tableau Software, SaaS Institute Inc, SAP, Rackspace, Qlik Technologies Inc., Pivot link, Panorama Software, Oracle Corp., Newvem, MicroStrategy, Microsoft Corp.
Global Cloud Analytics market by application:
Further Segmentation and the Global Analytics market:
- Predictive analytics
- Text analytics
- Web analytics
- Video analytics
- Speech analytics
Geographical Segmentation of the Global cloud analytics market analysis
- United States
- Southeast Asia
Vendor analysis of the global cloud analytics market
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The Asia Pacific cloud analytics market is expected to register the highest CAGR in the next six years, emerging as a lucrative market growing rapidly. The market growth attributes to the extensive demand for the deployment of advanced cloud analytics technologies that can provide a comprehensive support and real-time access to the data that can empower enterprises to make faster business decisions, understanding the business scenario quickly.
Also, the aggressively growing market in India, expanding due to the government’s efforts to promote Digital India Program, is contributing to the market growth in the region to an extent.
This report provides comprehensive analysis of
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
Different sales strategies have been elaborated to get a clear idea for getting global clients rapidly. It helps various industry experts, policymakers, business owners as well as various c level people to make informed decisions in the businesses. It includes the massive data relating to the technological advancements, trending products or services observed in the market.
Finally, it directs its focus on restraining factors also which helps to address the risks and challenges faced by different stakeholders.
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