Cloud Analytics Market

Market on Cloud ! CLOUD ANALYTICS This is to reach 50% by 2018 ! 13% Firms have Cloud Analytics BI Solutions The cloud business intelligence market is growing rapidly as compared to the on premise BI solutions. The major driving factor for this market is the tremendous growth of structured and unstructured data. Cloud analytics helps businesses deal with large amounts of data, as well as data analytics. 2012 2018 $4.3 Billion Overall cloud analytics market stands with a total revenue of $4.3 billion in 2012, and is expected to grow to $16.5 billion at a compounded annual growth rate (CAGR) of 25.8% from 2013 to 2018. $16.5 Billion analytics solutions, among small as well as large enterprises. Popularity of personal cloud among consumers and employees has also given an impetus to the growth rate. Expected Growth of Solutions ? Analytics solutions and cloud Bl tools are expected to grow with a high CAGR of 31.6% and 31.4% respectively. Overall market revenue, which is estimated to be $5.25 billion in 2013, major contributors are as follows: Growth Contributors $3.09 billion North America $1.10 billion Western Europe $5.2 billion Japan 4 Reasons to move from Traditional BI to CLOUD Built-in Security User-Friendly Interactive Cost Effective Secure to Host Sensitive Data Easy to Learn Interactive Dashboards Inbuilt Storage and processes Still using OLD BI ? Only thing we would ask is, Why ? Credits: RESEARCH INNOVATE CUSTOMIZE DELIVER 2013. MarketsandMarkets.com Research. Innovate. Customize. Deliver. That's how we do it. For over 12 years, MarketsandMarkets, a market research company, believes that, the success of our clients speaks for our success. Our Clients acknowledge that we can not only head-start any given research project immediately, but also that we always respect our confidentiality commitments. MarketsandMarkets