Cloud Analytics Market | Growth, Trends And Forecast
During 2018–2026
Cloud Analytics Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Cloud analytics is a primarily a cloud-enabled service model in which data analysis is actually
performed on a public or private cloud. The benefits associated with cloud analytics such as
increasing accessibility, highly affordability, and data consolidation helps create a real-time mode
for efficient data management.
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Additionally, high adoption of cloud services also increases the cloud analytics market, globally.
According to the Coherent Market Insights analysis, in 2015, the cloud traffic was 1891 EB
(Exabyte) and is estimated to reach 6844EB (Exabyte) by 2020.
Increasing demand of unstructured data in various organization accelerated the
growth of the cloud analytics market.
The rising demand of insights from unstructured data to understand customer and market trends
is one of the major driver for the growth of the cloud analytics market. The companies
understand the real insights of the market that is present on social media websites in the form of
comments, posts, tweets, photos, and many more. This helps companies to understand the