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Cloud Analytics Market to Reach $174.5 Billion, Globally, by 2031 at 21.5% CAGR: Allied Market ResearchAbility of cloud analytics software to process large and massive data sets and produce understandable results, increased demand for analytics solutions, and integration of network infrastructures with software-defined networking drive the global cloud analytics market growth. PORTLAND, Ore, Feb. 7, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Cloud Analytics Market by Solution (Analytics Solutions, Enterprise Information Management, Hosted Data Warehouse solutions, Enterprise Performance Management, Cloud BI Tools, Government, Risk, and Compliance, Others), by Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), by Enterprise Size (Large Enterprises, SMEs), by Industry Vertical (BFSI, IT and Telecom, Healthcare, Manufacturing, Retail and e commerce, Government and Public Sector, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global cloud analytics industry was valued at $25.4 billion in 2021 and is estimated to generate $174.5 billion by 2031, witnessing a CAGR of 21.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.  Drivers, Restraints, and Opportunities Ability of cloud analytics software to process large and massive data sets and produce easily understandable results, its easy access and connectivity by business intelligence, increased demand for analytics solutions, and integration of network infrastructures with software-defined networking (SDN) fuel the growth of the global cloud analytics market. However, privacy and data security issues with confidential data and lack of internal IT experience and resources are expected to hinder the global market growth. On the other hand, privacy and data security issues with confidential data and lack of internal IT experience and resources will present new growth opportunities for the global cloud analytics market in the coming years. Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/7337 Covid-19 Scenario
The large enterprises segment to dominate during the forecast period Based on enterprise siz, the large enterprises segment contributed to the largest share of nearly three-fifths of the global cloud analytics market in 2021, and is expected to maintain a progressive growth during the forecast period. This is owing to the increased use of cloud analytics in big industries where it is used in application development. However, the SMEs segment is projected to witness the fastest CAGR of 22.7% from 2022 to 2031, as SMEs are shifting towards cloud analytics to manage customer base and boost productivity. The BFSI segment to maintain a prominent revenue growth in 2031 Based on industry vertical, the BFSI segment held the largest share of nearly one-fourth of the global cloud analytics market in 2021, and is expected to maintain a prominent growth during the forecast period, as cloud analytics platform helps BFSI firms to secure transactions and strengthen customer experience by ensuring data confidentiality. However, the healthcare segment is expected to exhibit the highest CAGR of 23.8% in 2031, as cloud-based solutions allow hospitals and healthcare companies to access a massive amount of data, get better diagnostic quality, and have greater access to patient's images and reports. The analytics solutions segment to maintain dominance during the forecast period Based on solution, the analytics solutions segment held the largest share of nearly one-fourth of the global cloud analytics market in 2021 and is expected to maintain a prominent growth during the forecast period, owing to use and manage large data sets and use data driven objectives to gain actionable insights. The government, risk, and compliance segment, however, is expected to exhibit the highest CAGR of 23.9% in 2031, owing to the growing need among enterprises to meet stringent compliance and security needs and get a holistic view of enterprise policy. Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/7337 Asia-Pacific to garner the fastest growth by 2031 Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global cloud analytics market, owing to the high adoption of cloud-based analytics solutions in the region to fulfil user demand for better integration and data visualization. However, the market in Asia-Pacific is likely to dominate in terms of revenue and show the fastest CAGR of 26.3% during the forecast period, owing to the growing adoption of data analytics and cloud computing in the region. Leading Market Players
Buy this Report at: https://www.alliedmarketresearch.com/checkout-final/ae54fe8e955e98b4373c43b77c98d262 Trending Reports in ICT & Media Industry: Cloud Billing Market Expected to Reach $15.8 Billion by 2031 Cloud Radio Access Network (C-RAN) Market Expected to Reach $95.8 Billion by 2031 Cloud Access Security Broker Market Expected to Reach $37.2 Billion by 2031 Industrial Cloud Market Expected to Reach $352.6 Billion by 2031 Cloud DLP Market Expected to Reach $27.5 Billion by 2031 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo - https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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