Cloud Business Analytics Market by Business Model, Product, Industry

List of Tables

The Cloud Business Analytics Market was valued at USD 33.86 billion in 2023, expected to reach USD 40.98 billion in 2024, and is projected to grow at a CAGR of 21.12%, to USD 129.52 billion by 2030.

Cloud Business Analytics refers to the use of cloud computing platforms and services for analyzing business data to drive growth, efficiency, and innovation. This approach leverages the scalability, flexibility, and cost-effectiveness of the cloud to deliver valuable insights that were previously inaccessible due to hardware and software limitations. The necessity of cloud business analytics lies in its ability to process a vast amount of data quickly and efficiently, providing businesses with actionable insights that support decision-making, strategic planning, and competitive advantage. Applications span multiple industries, including retail, finance, healthcare, and manufacturing, where businesses utilize these tools for sales forecasting, customer segmentation, supply chain management, and more.

KEY MARKET STATISTICS
Base Year [2023]	USD 33.86 billion
Estimated Year [2024]	USD 40.98 billion
Forecast Year [2030]	USD 129.52 billion
CAGR (%)	21.12%

Market growth is primarily driven by the increasing adoption of data-driven decision-making, the rising volume of business data, technological advancements in artificial intelligence and machine learning, and the growing adoption of cloud technology. Opportunities arise from the expanding integration of Internet of Things (IoT) devices, the need for real-time analytics, and the increasing interest in predictive and prescriptive analytics. To leverage these opportunities, businesses should focus on developing scalable, user-friendly platforms that prioritize data security and compliance, offering diverse analytical capabilities to cater to varied industry needs.

However, challenges include data privacy concerns, high implementation costs for large enterprises, and the complexity involved in integrating cloud analytics with existing IT infrastructure. Addressing these limitations requires innovation in areas like advanced data encryption, cost-effective scaling solutions, and robust integration methodologies. The best areas for innovation and research include enhancing real-time data processing capabilities, developing more intuitive user interfaces, and leveraging artificial intelligence to automate insights generation. The nature of the market is dynamic, continuously evolving with technological advancements and shifting consumer expectations, suggesting a focus on adaptability and forward-thinking strategies to remain competitive. Firms should prioritize collaboration with technology providers and invest in upskilling their workforce to harness the full potential of cloud business analytics.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Cloud Business Analytics Market

The Cloud Business Analytics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increased benefits of business intelligent tools
- Rising adoption of analytic solutions by SMEs
- Government initiatives promoting cloud computing in business organizations
Market Restraints
- Issues related to reporting and analyzing multiple systems
Market Opportunities
- Rising adoption of SMAC and hybrid models for deployment of business analytics
- Data democratization and emergence of self-service business intelligence
Market Challenges
- Security and data privacy concerns

Porter's Five Forces: A Strategic Tool for Navigating the Cloud Business Analytics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Cloud Business Analytics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Cloud Business Analytics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Cloud Business Analytics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Cloud Business Analytics Market

A detailed market share analysis in the Cloud Business Analytics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Cloud Business Analytics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Cloud Business Analytics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Cloud Business Analytics Market

A strategic analysis of the Cloud Business Analytics Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Cloud Business Analytics Market, highlighting leading vendors and their innovative profiles. These include Adobe Systems, Inc., Alphabet Inc., Amazon Web Services, Inc., Apptio, Inc., Cirba Inc. d/b/a Densify, GoodData Corporation, International Business Machines Corporation, Microsoft Corporation, Mixpanel, Inc., Oracle Corporation, PanTerra Networks, Inc., Ribbon Communications Operating Company, Inc., Salesforce.com, Inc., SAP SE, SAS Institute, Inc., and Sisense, Inc..

Market Segmentation & Coverage

This research report categorizes the Cloud Business Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Business Model, market is studied across Subscription-Based and Utility (pay-per-use).
Based on Product, market is studied across Cloud-Based Social Media Analytics, Hosted Data Warehouses, and Software-as-a-Service Business Intelligence.
Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-43395F955EBC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increased benefits of business intelligent tools
  - 5.1.1.2. Rising adoption of analytic solutions by SMEs
  - 5.1.1.3. Government initiatives promoting cloud computing in business organizations
- 5.1.2. Restraints
  - 5.1.2.1. Issues related to reporting and analyzing multiple systems
- 5.1.3. Opportunities
  - 5.1.3.1. Rising adoption of SMAC and hybrid models for deployment of business analytics
  - 5.1.3.2. Data democratization and emergence of self-service business intelligence
- 5.1.4. Challenges
  - 5.1.4.1. Security and data privacy concerns
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Cloud Business Analytics Market, by Business Model

6.1. Introduction
6.2. Subscription-Based
6.3. Utility (pay-per-use)

7. Cloud Business Analytics Market, by Product

7.1. Introduction
7.2. Cloud-Based Social Media Analytics
7.3. Hosted Data Warehouses
7.4. Software-as-a-Service Business Intelligence

8. Cloud Business Analytics Market, by Industry

8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive & Transportation
8.4. Banking, Financial Services & Insurance
8.5. Building, Construction & Real Estate
8.6. Consumer Goods & Retail
8.7. Education
8.8. Energy & Utilities
8.9. Government & Public Sector
8.10. Healthcare & Life Sciences
8.11. Information Technology
8.12. Manufacturing
8.13. Media & Entertainment
8.14. Telecommunication
8.15. Travel & Hospitality

9. Americas Cloud Business Analytics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cloud Business Analytics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cloud Business Analytics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Adobe Systems, Inc.
2. Alphabet Inc.
3. Amazon Web Services, Inc.
4. Apptio, Inc.
5. Cirba Inc. d/b/a Densify
6. GoodData Corporation
7. International Business Machines Corporation
8. Microsoft Corporation
9. Mixpanel, Inc.
10. Oracle Corporation
11. PanTerra Networks, Inc.
12. Ribbon Communications Operating Company, Inc.
13. Salesforce.com, Inc.
14. SAP SE
15. SAS Institute, Inc.
16. Sisense, Inc.