Cloud analytics solution and tools help the business to grow their revenue. Expanded appropriation of information investigation is one of the real drivers in the cloud analytics. All the more particularly, numerous associations are receiving information examination to better comprehend utilization designs, client securing and different elements accepted to build income, cut expenses and support client reliability. Also, cloud analytics manages the unorganized information, which helps association’s access vital information and settles on appropriate decisions in relation to their business. Companies such as HP and Foxconn announced a joint venture agreement to create a new line of cloud-optimized servers specifically targeting service providers, which would be a breakthrough in cloud-based technology. This was aimed to expand their business in the emerging APAC markets by augmented fast product development and service delivery. Oracle, Inc. (U.S) acquired DataRacker to derive actionable business insight from big data which is expected to further strengthen Oracle Dynamics in the cloud analytics domain.
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The complete market can be segmented based on three parameters, that is, by solutions, and by business verticals. By solutions, it has been segmented in cloud BI tools, hosted data warehouse solutions, enterprise information management & other solutions. By business verticals it has been segmented into verticals such as BFSI, healthcare, consumer goods & retail, telecommunication & other segments. In Japan and China, cloud analytics solutions segment is estimated to register the highest CAGR in coming years.
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The organizations operational in this region are considered to be the most techno savvy and innovative. The quest of having a competitive edge over other competitors leads these organizations to exploit the advanced technologies and get the best out of them. Moreover, rapid adoption of mobile technology and extensive use of social media is also contributing to the growth of the cloud analytics market in APAC. Moreover, the Banking, Financial Services, & Insurance (BFSI) and consumer goods & retail are the promising markets, which have attractive opportunities for the market players. However, various factors such as lack of visibility into user interaction with data and application and changes in rules and regulations are some of the restraining factors for the growth of the cloud analytics market in industry verticals such as energy and manufacturing.
