Cloud Analytics Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Companies, and Forecast 2029

Cloud Analytics Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Companies, and Forecast 2029
IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp(US), Qilk(US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India).
Cloud Analytics Market by Offering ((Solutions (Advanced Analytics, Cloud Bl Tools), Deployment Mode (Public, Private, Hybrid)), Services), Data Type, Data Processing (Real-Time Analytics, Batch Analytics), Vertical and Region – Global Forecast to 2029

The cloud analytics market is expected to grow from USD  35.7 billion in 2024 to USD 118.5 billion in 2029, at a CAGR of 27.1% during the forecast period. Cloud analytics involves analyzing data within a cloud-based platform to uncover valuable business insights. It empowers users to explore vast datasets stored in the cloud, identifying significant trends, predicting outcomes, and making informed decisions. By leveraging this approach, businesses can take proactive steps based on data-driven strategies, ultimately enhancing their operations and achieving growth objectives.

Download PDF Brochure@  

By offering the services segment to account for higher CAGR during the forecast period

Services segment in the cloud analytics market have experienced remarkable growth in the cloud analytics market, fueled by the increasing adoption of data-driven decision-making across industries. These services offer businesses the capability to analyze vast amounts of data stored in the cloud swiftly and efficiently, enabling them to extract valuable insights for strategic planning, optimization, and innovation. With the scalability and flexibility of cloud infrastructure, analytics services can accommodate diverse data types and analytical workloads, empowering organizations to derive actionable intelligence from their data in real time. As businesses continue to prioritize agility and competitiveness, the demand for cloud analytics services is expected to soar, driving further innovation and expansion in the cloud analytics market landscape.

By Type, advanced analytics solution is expected to hold the largest market size for the year 2024

The surge in advanced analytics adoption within the cloud analytics market is reshaping the landscape of data-driven decision-making. Organizations across diverse sectors are increasingly turning to advanced analytics solutions hosted on cloud platforms to extract deeper insights from their data. This trend stems from the growing realization that traditional analytics methods are no longer sufficient to cope with the complexities of modern data ecosystems. Advanced analytics, powered by machine learning algorithms, predictive modeling, and AI, offer unparalleled capabilities to uncover hidden patterns, forecast trends, and optimize business processes. By leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure, businesses can access powerful analytics tools without the burden of hefty upfront investments in hardware and software. As a result, the cloud analytics market is witnessing rapid expansion, fueled by the transformative potential of advanced analytics in driving innovation, enhancing operational efficiency, and gaining a competitive edge in today’s data-driven economy.

By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period

The healthcare and life sciences sector is experiencing a transformative shift with the emergence of cloud analytics. This technology integrates vast amounts of data from various sources, including electronic health records, wearable devices, and genomic information, to derive meaningful insights and drive informed decision-making. Cloud analytics offers scalability, flexibility, and cost-effectiveness, enabling organizations to efficiently manage and analyze massive datasets that were previously challenging to handle. By leveraging advanced analytics techniques such as machine learning and predictive modeling, healthcare providers and life sciences companies can enhance patient care, optimize clinical workflows, and accelerate drug discovery processes. Moreover, cloud-based analytics facilitates collaboration among researchers, clinicians, and stakeholders, fostering innovation and driving advancements in personalized medicine and population health management. As the industry continues to embrace digital transformation, cloud analytics stands as a cornerstone for unlocking the full potential of data-driven healthcare and life sciences initiatives.

Request Sample Pages@  

Unique Features in the Cloud Analytics Market

Platforms for cloud-based analytics can readily scale up or down in response to your requirements. This saves you money up front by only charging for the resources you really use and eliminates the need to buy and maintain hardware.

With an internet connection, you may access cloud analytics solutions from any location. This makes it simple for remote workers to continue being productive and enables your team to participate on data analysis projects from anywhere in the world.

Numerous sophisticated analytics features, including machine learning, artificial intelligence, and natural language processing, are available on cloud analytics platforms. With the use of these features, you will be able to glean more insights than ever from your data.

ERP and CRM systems, among other cloud-based apps, are easily connected with cloud analytics platforms. This can help you save time and money by automating procedures and tasks related to data analysis.

Traditional on-premise analytics solutions can be far more expensive than cloud analytics alternatives. This is due to the fact that you only pay for the resources you really use and are not required to pay for the initial costs of hardware and software.

Major Highlights of the Cloud Analytics Market

Data generated by enterprises is growing exponentially. Strong analytics tools that can effectively handle this data are therefore required in order to obtain insightful information. To overcome this obstacle, cloud analytics provides a scalable and affordable solution that unleashes data’s full potential and strengthens data-driven decision-making.

In the upcoming years, experts expect the cloud analytics market to develop significantly. According to market research, the industry is expected to develop at a compound annual growth rate (CAGR) of 17.7% to 27.1% and reach a valuation of more than $100 billion by the end of the decade.

A significant driver is the Banking, Financial Services, and Insurance (BFSI) industry because of the enormous volumes of data they manage and the strict laws they adhere to. Scalability, affordability, and real-time insights are provided by cloud analytics, which flawlessly satisfies BFSI requirements for fraud detection, risk management, and customer experience customisation.

The market is expanding as a result of the shift to digital platforms and the rising need for data connectivity. Companies are realizing how useful cloud-based analytics are for improving efficiency, obtaining more accurate findings, and making decisions instantly.

Cloud analytics platforms provide capabilities like natural language processing, machine learning, and artificial intelligence in addition to standard analytics. These cutting-edge capabilities enable companies to glean more insightful information from their data than before.

Inquire Before Buying@  

Top Companies in the Cloud Analytics Market


IBM was founded in 1911 and is headquartered in Armonk, New York, US. Operating in more than 170 countries worldwide, IBM’s geographic presence is extensive, with offices, research facilities, and data centers strategically located to serve its diverse clientele. IBM has evolved into a multifaceted enterprise offering various products and services, from hardware and software to cloud computing and artificial intelligence solutions. In cloud analytics, IBM leveraging its vast expertise and resources to provide cutting-edge solutions to businesses across various industries. IBM Cloud offers a comprehensive suite of analytics services, enabling organizations to harness the power of data for informed decision-making and competitive advantage. Using advanced analytics capabilities, such as ML and predictive modeling, IBM helps businesses unlock valuable insights from their data, driving innovation and growth. With offerings such as IBM Watson Analytics, businesses can easily analyze complex data sets, uncovering hidden patterns and trends that can inform strategic initiatives and drive business success.


Google, founded in 1998, is a multinational technology company headquartered in Mountain View, California, US. Initially recognized for its breakthrough search engine, Google has expanded its operations to encompass various products and services, including software, hardware, and online advertising. With a global footprint, Google maintains a significant presence in numerous countries, with offices and data centers spanning North America, Europe, Asia, and beyond. Its widespread geographic presence enables Google to cater to diverse markets and users worldwide, contributing to its status as one of the most influential tech companies on the planet.  In cloud analytics’ Google Cloud offers a comprehensive suite of solutions to empower businesses with advanced data analysis capabilities. Leveraging cutting-edge technologies, such as AI and ML, Google Cloud’s analytics offerings enable organizations to extract actionable insights from vast amounts of data in real-time. From data warehousing and data lakes to business intelligence tools and predictive analytics, Google Cloud provides a robust infrastructure and a wide range of services tailored to meet the evolving needs of modern enterprises.

Microsoft Corporation

Microsoft Corporation founded in 1975, is a global technology giant headquartered in Redmond, Washington, US. With a presence in over 190 countries, Microsoft has established itself as a leader in various technology industry sectors. Its geographic reach extends across continents, with regional offices and data centers strategically located to serve customers worldwide. Microsoft’s products and services cater to diverse markets, including personal computing, enterprise solutions, gaming, and cloud services, making it one of the world’s most influential and innovative companies. In recent years, Microsoft has made significant strides in cloud analytics, leveraging its Azure platform to offer advanced solutions to businesses of all sizes. Azure’s suite of analytics tools enables organizations to harness the power of big data, ML, and AI to gain valuable insights and drive informed decision-making. From Azure Data Lake Storage for scalable data storage to Azure Databricks for collaborative data analytics, Microsoft provides a comprehensive ecosystem for managing and analyzing data effectively.

Atos (France)

Atos is a global leader in digital transformation headquartered in Bezons, France. With a strong focus on cybersecurity, cloud, and high-performance computing, Atos serves a diverse range of industries including defense, financial services, healthcare, manufacturing, media, energy, and public sector. The company provides a comprehensive portfolio of services encompassing consulting, systems integration, managed services, and cloud operations. Atos is renowned for its innovative solutions in big data, AI, and quantum computing, helping clients navigate complex digital transformations. The company operates in more than 70 countries and employs over 100,000 professionals worldwide, committed to sustainability and ethical practices in technology.

Board International (Switzerland)

Board International, based in Chiasso, Switzerland, is a leading provider of business intelligence, performance management, and analytics software. Known for its all-in-one platform, Board enables organizations to seamlessly combine data discovery, business analytics, and planning in a single interface. This unified approach helps businesses gain insights and make data-driven decisions more efficiently. Board’s solutions are widely used across various sectors, including retail, finance, manufacturing, and consumer goods, providing capabilities such as budgeting, forecasting, and dashboarding. The company emphasizes ease of use, flexibility, and powerful data visualization, making complex data accessible and actionable for business users.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States