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Cloud Analytics Market is Growing at an Estimated CAGR of 25.8% & to Reach $16.52 Billion by 2018 - New Report by MarketsandMarkets
Date:4/2/2013

(PRWEB) April 02, 2013

MarketsandMarkets recently conducted a study on Cloud Analytics Market [Cloud BI; Cloud Business Intelligence] - Text; Web; Speech; Machine; Video; Predictive Analytics: Global Advancements, Delivery Models, Market Trends, Enterprise Road-map, Market Forecasts & Analysis (2013 - 2018) ", which analyzed and studied the major market drivers, restraints, and opportunities in North America, Western Europe, Eastern Europe, Middle East and Africa, Japan, Asia-Pacific and Latin America.

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  • 118 Market Data Tables
  • 10 Figures
  • 247 Pages and an in-depth Table of Content on Cloud Analytics Market

http://www.marketsandmarkets.com/Market-Reports/cloud-based-business-analytics-market-959.html

Early buyers will receive 10% customization on this report.

The study reports that the global Cloud Based Business 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.

The Cloud Analytics market is driven by the emerging trends in Big Data and cloud computing technology. Businesses have started using cloud based solutions over the past few years. In 2011, Tier 1 players and startups shifted towards cloud BI or business analytics solutions. Traditional BI and analytics solutions are striving to meet the requirements of today's business needs. Enterprises are struggling with high operating cost, lack of IT expertise and increasing employee mobility.

This has forced BI vendors to use new and innovative ways of delivering business analytics. Analytics on cloud is the emerging trend that combines services and enables enterprises to move their BI, data warehousing and OLAP workload ov
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