The market research report “Cloud Analytics Market (Cloud BI, Cloud Business Intelligence) – Text, Web, Speech, Machine, Video, Predictive Analytics – Global Advancements, Delivery Models, Market Trends, Enterprise Road-map, Forecasts and Analysis 2018″, analyses and studies the major drivers, restraints, and opportunities in North America, Western Europe, Eastern Europe, Middle East, Africa, Japan, Asia-Pacific and Latin America
The study reports that the global Cloud Analytics market is expected to reach $16.52 billion by 2018, at an estimated CAGR of 25.8% during the forecast period.
The global Cloud Analytics Market is driven by the emergence of Big Data and cloud computing technologies. Over the last few years, businesses have begun cloud computing extensively in 2010. Big players and new start-ups have shifted towards cloud BI, business analytics and cloud based business intelligence.
This trend has forced BI vendors to use new ways of delivering business analytics. Analytics on cloud is an emerging term that is a complete combination of services and enables enterprises to move their BI, data warehousing and OLAP workload over the cloud platform.