Cloud Analytics Market size to grow at a CAGR of 20.69% from 2022 to 2027, The rise in cloud security applications to be a major market trend - Technavio
NEW YORK, April 19, 2023 /PRNewswire/ -- Technavio has been monitoring the cloud analytics market, and it is expected to grow by USD 49,051.7 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 20.69% during the forecast period. This report aid business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. One of the major cloud analytics market trends that is expected to drive the growth of the market is the rise in cloud security applications. Security issues are significant threats associated with hybrid environments but in recent years, IT professionals argued that cloud solutions are more secure than on-premises data centers. Moreover, chief information officers prioritize cloud backup and security in their upcoming budgets with startups working to improve the detection of cloud security threats. There is an increased focus on developing software that simplifies compliance, privacy, and visibility. Cloud applications enable businesses to efficiently manage and store data but moving to the cloud requires using the right tools. Hence, businesses look for solutions that simplify cloud data management. Therefore, such factors are associated with the increasing demand for cloud security applications, which leads to the growth of the cloud analytics market. Click & get the up-to-date Sample Report within minutes!
Cloud Analytics Market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cloud analytics market report covers the following areas:
Cloud Analytics Market 2023-2027: Market Dynamics
What's New? -
Cloud Analytics Market 2023-2027: Segmentation
The market share growth by the hosted data warehouse solutions segment will be significant for the market growth during the forecast period. A data warehouse system allows an organization to perform complex analytics on huge amounts of historical data (petabytes), where it collects data from various sources and puts it into one central, consistent data system for use in data analysis, data mining, AI, and machine learning. It works in ways that a typical database cannot perform. Advantages like lower operational cost, higher business agility, and enhanced security and protection drive the segment growth for hosted data warehouse solutions. Hence, due to the advantages cloud-hosted data warehouse solutions, drive the growth of the segment during the forecast period.
To learn more about the crucial impact of different segments on the market growth, Request a Sample Report!
Cloud Analytics Market 2023-2027: Vendor Analysis
The market is fragmented and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Cloud Analytics Market, including some of the vendors such as Actian Corp., Alphabet Inc., Amazon.com Inc., Cloud Software Group Inc., Hewlett Packard Enterprise Co., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Open Text Corp., Oracle Corp., Panorama Software Inc., QlikTech international AB, Rackspace Technology Inc., Salesforce.com Inc., SAP SE, Sisense Ltd., Teradata Corp., VMware Inc., and Zendesk Inc. Backed with competitive intelligence and benchmarking, our research reports on the Cloud Analytics Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Cloud Analytics Market 2023-2027: Key Highlights
Lifetime access to 17,000+ market research reports is just a click away!
The cloud security solutions market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 8.11% and a CAGR of 15.16% with a market size of USD 8.63 billion during the period of 2021 to 2026. Furthermore, this report extensively covers the cloud security solutions market segmentation by end-user (BFSI, healthcare, retail, government, and others), component (cloud IAM, cloud e-mail security, cloud DLP, cloud IDS/IPS, and cloud SIEM), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The regulatory requirements encouraging the use of security solutions globally are notably driving the cloud security solutions market growth.
Browse for Technavio's Information Technology Reports
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Solution
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cloud-analytics-market-size-to-grow-at-a-cagr-of-20-69-from-2022-to-2027--the-rise-in-cloud-security-applications-to-be-a-major-market-trend---technavio-301800642.html
Culture as a Competitive Advantage
Securing the Hybrid Workforce
Special Presentation TBA