Analyst Briefing Presentation on “Cloud Analytics Market [Cloud BI; Cloud Business Intelligence] – Text; Web; Speech; Machine; Video; Predictive Analytics: Global Advancements, Delivery Models, Market Trends, Enterprise Roadmap, Market Forecasts & Analysis (2013 – 2018)” :
Cloud based business analytics is growing three times faster than conventional, onpremise BI systems in 2013. Cloud based business analytics are mature, reliable, stable and scalable in-memory analytical solutions, accelerating Hadoop, BI Tools, and other parts of the BI environment to enable business requirements. Cloud analytics market will continue to expand in the coming years largely due to the growth of big data. The adoption of cloud based business analytics is expected to experience a steady growth rate.
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Cloud based business analytics is creating new opportunities for on-demand as well as on premise solution providers. Leading players in the cloud market are collaborating with technology specialists to penetrate the market.
The global cloud analytics market is expected to grow from $5.25 billion in 2013 to $16.52 billion by 2018, at an estimated CAGR of 25.8% from 2013 to 2018. Global cloud analytics market is driving on the emergence of big data and its capabilities such as cost advantage, easy installation and lesser deployment time.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the cloud analytics market. Furthermore, a briefing conducted on the competitive scenario and geographic trends and opportunities in North America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, Latin America, Middle East and Africa.
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