Global Cloud Analytics market to grow at a CAGR of 26.29% over the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global Cloud Analytics market to grow at a CAGR of 26.29 percent over the period 2014-2019. Cloud analytics has emerged from the integration of cloud computing and data analytics solution. It also acts as a service model, where data analysis takes place and provided through public or private cloud. Cloud analytics vendors offer services under subscription based or pay-per-use model. Various cloud analytics products are hosted data warehouse, cloud-based BI solution, and SaaS-based social media analytics. Hosted data warehouse is a main data repository system from where the data are made available for analysis. Cloud business intelligence solution involves providing business analytics solutions to customers in low cost and in effective way. SaaS-based social media analytics involves remote positioning of various tools which help collect data and analyze the trend and pattern of visitors and serve customers in a better way.
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The adoption of data analytics has increased significantly across enterprises, over the years. Data analytics combined with cloud computing is allowing organizations
to track social media traffic engagement and statistics, in order to understand customers and provide customized services.
"Organizations are using data analytics in the cloud to maximize their profits by increasing revenue and saving on costs,".
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The latest report emphasizes cloud analytics solutions that have gained traction because of an increase in the rate of data expansion and the growth of big data. The huge growth of data generated from various sources is a major driver for rapid increases in cloud analytics solutions. These solutions provide better ways to process, store and analyze data, thus increasing overall business performance.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Cloud Analytics market for the period 2015-2019. To calculate the market size, the report considers revenue generated from cloud analytics solutions, software, tools, applications, services, support, and maintenance.
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Global Cloud Analytics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Cloud Analytics market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
"Cloud analytics solutions automate the data of all systems and provide proper command so that the data are well maintained and can be accessed from anywhere,".