Cloud Analytics Market by Offering ((Solutions (Advanced Analytics, Cloud Bl Tools), Deployment Mode (Public, Private, Hybrid)), Services), Data Type, Data Processing (Real-Time Analytics, Batch Analytics), Vertical and Region - Global Forecast to 2029
The global cloud analytics market is valued at USD 35.7 billion in 2024 and is estimated to reach USD 118.5 billion in 2029, registering a CAGR of 27.1% during the forecast period. Augmented analytics revolutionizes the cloud analytics sector, streamlining operations and enhancing business decision-making processes. These platforms automate data analysis tasks by leveraging advanced machine learning and AI algorithms, enabling efficient extraction of valuable insights. With user-friendly interfaces and seamless integration with cloud platforms, augmented analytics solutions offer cost-effective and scalable options for organizations of all sizes. Predictive modeling enables businesses to anticipate market trends and make informed strategic decisions proactively. Embracing augmented analytics enables companies to stay ahead by leveraging data-driven insights to drive innovation and maximize competitiveness in their respective industries.
Scope of the Report
Years Considered for the Study
2019-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
USD (Billion)
Segments
Offering, Data Type, Data Processing, Vertical, and Region
Regions covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
"By offering, the Solutions segment is projected to hold the largest market size during the forecast period."
Cloud analytics solutions are set to lead the market due to their scalability, which enables businesses to adjust resources as needed. At the same time, their subscription-based pricing ensures cost-effectiveness, particularly for smaller enterprises. Swift deployment allows for rapid implementation, yielding quicker returns on investment. Accessibility from anywhere encourages team collaboration, enhancing decision-making. Integration with other cloud services streamlines workflows and ongoing updates ensure access to cutting-edge analytics tools. These factors position cloud analytics solutions as a strategic choice for businesses harnessing data for growth and competitive advantage.
"By type, Cloud BI tools are registered to grow at the highest CAGR during the forecast period."
The widespread adoption of cloud Business Intelligence (BI) tools is catalyzing the rapid growth of cloud analytics, boasting a high CAGR. These tools offer scalability, cost efficiency, and accessibility, empowering organizations to handle large data volumes seamlessly and make data-driven decisions. Cloud BI tools facilitate team collaboration and integrate smoothly with other cloud services, streamlining the analytics workflow. Moreover, they incorporate advanced analytics capabilities like machine learning and predictive analytics, enabling businesses to derive deeper insights from their data. This trend reshapes the analytics landscape, driving businesses towards cloud-based solutions for enhanced efficiency and competitiveness.
"Asia Pacific is projected to witness the highest CAGR during the forecast period."
The Asia-Pacific (APAC) region is witnessing a significant surge in the adoption of cloud analytics driven by factors such as rapid economic growth, digital transformation initiatives, technological advancements, diverse industry landscapes, and government support. This trend is fueled by the region's need for scalable and cost-effective analytics solutions to manage costs, drive innovation, and enhance operational efficiency. With improved internet infrastructure and government initiatives promoting cloud technologies, businesses across various sectors in APAC are leveraging cloud analytics to gain strategic insights, optimize operations, and stay competitive in the global market, positioning cloud analytics as a key driver of business growth and innovation in the region.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the cloud analytics market.
By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
By Region: North America - 30%, Europe - 30%, Asia Pacific - 25%, Middle East & Africa - 10%, and Latin America - 5%
Major vendors offering cloud analytics solution and services across the globe are IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp (US), Qilk (US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo(US), GoodData (US), Thoughtspot (US), and Infogain (US).
Research Coverage
The market study covers cloud analytics across segments. It aims to estimate the market size and the growth potential across different segments, such as offering, data type, data processing, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for cloud analytics and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Exponential rise of unstructured data, Rise in digitalization trend), restraints (Discrepancy among data sources impedes the advancement of cloud analytics, Data Security and Privacy Concerns), opportunities (Empowering cloud analytics through SDN-enabled network integration, Growing integration of advanced analytical functionalities), and challenges (Rise in need for training and upskilling to address knowledge gap, Issues related to complexity and diversity of data collected)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new solutions & service launches in the cloud analytics market.
Market Development: Comprehensive information about lucrative markets - the report analyses the cloud analytics market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in cloud analytics market strategies; the report also helps stakeholders understand the pulse of the cloud analytics market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as IBM (US), Oracle (US), Microsoft (US), Google (US), and AWS (US) among others, in the cloud analytics market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATE, 2020-2023
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.6.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 CLOUD ANALYTICS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
TABLE 2 PRIMARY INTERVIEWS
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key insights from industry experts
2.2 DATA TRIANGULATION
FIGURE 2 CLOUD ANALYTICS MARKET: DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
FIGURE 3 CLOUD ANALYTICS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
FIGURE 4 APPROACH 1 (SUPPLY SIDE): REVENUE FROM VENDORS OF SOLUTIONS/SERVICES IN CLOUD ANALYTICS MARKET
FIGURE 5 APPROACH 2 (BOTTOM-UP, SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF CLOUD ANALYTICS
FIGURE 6 APPROACH 3 (BOTTOM-UP, SUPPLY SIDE): MARKET ESTIMATION FOR ALL SOLUTIONS/SERVICES AND CORRESPONDING SOURCES
FIGURE 7 APPROACH 4 (BOTTOM-UP, DEMAND SIDE): SHARE OF CLOUD ANALYTICS MARKET THROUGH OVERALL SPENDING
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS AND RISK ASSESSMENT
2.7 IMPACT OF RECESSION ON GLOBAL CLOUD ANALYTICS MARKET
3 EXECUTIVE SUMMARY
TABLE 4 GLOBAL CLOUD ANALYTICS MARKET AND GROWTH RATE, 2019-2023 (USD MILLION, Y-O-Y)
TABLE 5 GLOBAL CLOUD ANALYTICS MARKET AND GROWTH RATE, 2024-2029 (USD MILLION, Y-O-Y)
FIGURE 8 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024
FIGURE 9 ADVANCED ANALYTICS SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024
FIGURE 10 EMBEDDED SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024
FIGURE 11 CONSULTING SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024
FIGURE 12 PUBLIC CLOUD SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
FIGURE 13 UNSTRUCTURED DATA SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024
FIGURE 14 REAL-TIME ANALYTICS SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024
FIGURE 15 RETAIL & CONSUMER GOODS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN CLOUD ANALYTICS MARKET
FIGURE 17 GROWING ADOPTION OF ADVANCED TECHNOLOGIES TO MAXIMIZE POTENTIAL OF CLOUD ANALYTICS TO PROPEL MARKET
4.2 OVERVIEW OF RECESSION IN GLOBAL CLOUD ANALYTICS MARKET
FIGURE 18 CLOUD ANALYTICS MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 2024
4.3 CLOUD ANALYTICS MARKET: TOP THREE SOLUTION TYPES
FIGURE 19 ADVANCED ANALYTICS SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024
4.4 CLOUD ANALYTICS MARKET, BY DATA TYPE AND DATA PROCESSING
FIGURE 20 UNSTRUCTURED DATA AND REAL-TIME ANALYTICS SEGMENTS TO ACCOUNT FOR SIGNIFICANT MARKET SHARES IN 2024
4.5 CLOUD ANALYTICS MARKET, BY REGION
FIGURE 21 NORTH AMERICA TO DOMINATE CLOUD ANALYTICS MARKET IN 2024
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 CLOUD ANALYTICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Exponential increase in unstructured data
5.2.1.2 Rise in digitalization trend
5.2.2 RESTRAINTS
5.2.2.1 Discrepancy among data sources
5.2.2.2 Data security and privacy concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Focus on SDN-enabled network integration
5.2.3.2 Growing integration of advanced analytical functionalities
5.2.4 CHALLENGES
5.2.4.1 Need for training and upskilling to address knowledge gap
5.2.4.2 Issues related to complexity and diversity of data collected
5.3 EVOLUTION OF CLOUD ANALYTICS MARKET
FIGURE 23 EVOLUTION OF CLOUD ANALYTICS MARKET
5.4 CASE STUDY ANALYSIS
5.4.1 MARRIOTT ENHANCED INTERNET SECURITY IN COLLABORATION WITH CISCO
5.4.2 INDIAN PHARMACEUTICAL FIRM MAXIMIZED PHARMA ANALYTICS EFFICIENCY USING AWS DATA LAKES
5.4.3 CLOUDERA AND AWS PROPELLED IFORTE'S DATA TRANSFORMATION AND OPERATIONAL EFFICIENCY
5.4.4 ATOS AND AWS EMPOWERED SIEMENS' SAP MIGRATION TO CLOUD
5.4.5 PRG STREAMLINED DATA WITH HYBRID APPROACH ON CLOUD
5.5 ECOSYSTEM ANALYSIS
FIGURE 24 KEY PLAYERS IN CLOUD ANALYTICS MARKET ECOSYSTEM
TABLE 6 CLOUD ANALYTICS MARKET: ECOSYSTEM
5.5.1 SOLUTION PROVIDERS
5.5.2 SERVICE PROVIDERS
5.5.3 END USERS
5.5.4 REGULATORY BODIES
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 AI
5.6.1.2 Cloud computing
5.6.1.3 Big data analytics
5.6.2 COMPLEMENTARY TECHNOLOGIES
5.6.2.1 AR/VR
5.6.2.2 5G
5.6.3 ADJACENT TECHNOLOGIES
5.6.3.1 Edge computing
5.6.3.2 Cybersecurity
5.6.3.3 IoT
5.7 KEY CONFERENCES AND EVENTS
TABLE 7 CLOUD ANALYTICS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024-2025
10.4.4.1 Increasing adoption of cloud technologies and growing demand for data-driven decision-making to fuel market growth
10.4.5 INDIA
10.4.5.1 Rise in digital transformation and need for cost management to spur market growth
10.4.6 SOUTH KOREA
10.4.6.1 Presence of major players and rising government initiatives to advance cloud computing to foster market growth
10.4.7 AUSTRALIA & NEW ZEALAND
10.4.7.1 Need to drive innovation and enhance operational efficiency to boost market growth
10.4.8 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET DRIVERS
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
TABLE 217 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY OFFERING, 2019-2023 (USD MILLION)
TABLE 218 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY OFFERING, 2024-2029 (USD MILLION)
TABLE 219 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY TYPE, 2019-2023 (USD MILLION)
TABLE 220 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY TYPE, 2024-2029 (USD MILLION)
TABLE 221 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY INTEGRATION LEVEL, 2019-2023 (USD MILLION)
TABLE 222 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY INTEGRATION LEVEL, 2024-2029 (USD MILLION)
TABLE 223 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY SERVICE, 2019-2023 (USD MILLION)
TABLE 224 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY SERVICE, 2024-2029 (USD MILLION)
TABLE 225 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY PROFESSIONAL SERVICE, 2019-2023 (USD MILLION)
TABLE 226 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY PROFESSIONAL SERVICE, 2024-2029 (USD MILLION)
TABLE 227 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DEPLOYMENT MODE, 2019-2023 (USD MILLION)
TABLE 228 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DEPLOYMENT MODE, 2024-2029 (USD MILLION)
TABLE 229 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DATA TYPE, 2019-2023 (USD MILLION)
TABLE 230 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DATA TYPE, 2024-2029 (USD MILLION)
TABLE 231 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DATA PROCESSING, 2019-2023 (USD MILLION)
TABLE 232 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY DATA PROCESSING, 2024-2029 (USD MILLION)
TABLE 233 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY VERTICAL, 2019-2023 (USD MILLION)
TABLE 234 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
TABLE 235 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
TABLE 236 MIDDLE EAST & AFRICA: CLOUD ANALYTICS MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
10.5.3 UAE
10.5.3.1 Government initiatives such as 'UAE Vision 2021' and 'Dubai Data Initiative' to catalyze adoption of cloud analytics
10.5.4 KSA
10.5.4.1 Cloud analytics to leverage big data, drive operational efficiency, and offer competitive advantage
10.5.5 QATAR
10.5.5.1 Cloud analytics to optimize exploration and production processes and enhance operational efficiency and safety
10.5.6 EGYPT
10.5.6.1 Increasing adoption of cloud technology and burgeoning data-driven economy to contribute to market expansion
10.5.7 SOUTH AFRICA
10.5.7.1 Need for efficient data management, better decision-making, and adherence to data protection regulations to drive market
10.5.8 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: CLOUD ANALYTICS MARKET DRIVERS
10.6.2 LATIN AMERICA: RECESSION IMPACT
TABLE 237 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY OFFERING, 2019-2023 (USD MILLION)
TABLE 238 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY OFFERING, 2024-2029 (USD MILLION)
TABLE 239 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY TYPE, 2019-2023 (USD MILLION)
TABLE 240 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY TYPE, 2024-2029 (USD MILLION)
TABLE 241 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY INTEGRATION LEVEL, 2019-2023 (USD MILLION)
TABLE 242 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY INTEGRATION LEVEL, 2024-2029 (USD MILLION)
TABLE 243 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY SERVICE, 2019-2023 (USD MILLION)
TABLE 244 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY SERVICE, 2024-2029 (USD MILLION)
TABLE 245 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY PROFESSIONAL SERVICE, 2019-2023 (USD MILLION)
TABLE 246 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY PROFESSIONAL SERVICE, 2024-2029 (USD MILLION)
TABLE 247 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DEPLOYMENT MODE, 2019-2023 (USD MILLION)
TABLE 248 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DEPLOYMENT MODE, 2024-2029 (USD MILLION)
TABLE 249 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DATA TYPE, 2019-2023 (USD MILLION)
TABLE 250 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DATA TYPE, 2024-2029 (USD MILLION)
TABLE 251 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DATA PROCESSING, 2019-2023 (USD MILLION)
TABLE 252 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY DATA PROCESSING, 2024-2029 (USD MILLION)
TABLE 253 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY VERTICAL, 2019-2023 (USD MILLION)
TABLE 254 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
TABLE 255 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
TABLE 256 LATIN AMERICA: CLOUD ANALYTICS MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Need for real-time insights, cost-effectiveness, and scalability to fuel demand for cloud analytics solutions
10.6.4 MEXICO
10.6.4.1 Increasing adoption of cloud technology, need for data-driven decision-making, and government's investments in digital infrastructure to bolster market growth
10.6.5 ARGENTINA
10.6.5.1 Supporting legislation toward software industry and government involvement in cloud computing to propel market
10.6.6 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 257 OVERVIEW OF STRATEGIES ADOPTED BY KEY CLOUD ANALYTICS VENDORS
11.3 REVENUE ANALYSIS
FIGURE 50 TOP FIVE PLAYERS TO DOMINATE MARKET IN LAST FIVE YEARS
11.4 MARKET SHARE ANALYSIS
FIGURE 51 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2023
11.4.1 MARKET RANKING ANALYSIS
TABLE 258 CLOUD ANALYTICS MARKET: DEGREE OF COMPETITION