Cloud Analytics Market Size Analysis and Top Companies
The global Cloud Analytics market size is estimated at to hit around USD 173.80 billion by 2033 from USD 38.48 billion in 2024 with a CAGR of 18.24% from 2024 to 2033. The top companies operating in the cloud analytics market are Microsoft Corporation, IBM Corporation, Oracle Corporation, Google, LLC, SAP SE (Germany), TIBCO Software, Inc., Salesforce.com, SAS Institute, Inc., AWS, MicroStrategy, Cloudera, Alteryx, Inc., Sisense (U.S.), Atos (France), and Qlik (U.S.), and others.
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 38.48 Billion |
| Market Size by 2034 |
USD 205.51 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 18.24% |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Component, By Deployment. By Organization Size, By Industry Vertical, and By Applications |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa
|
Cloud Analytics Market Companies
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Google, LLC
- SAP SE (Germany)
- TIBCO Software, Inc.
- Salesforce.com
- SAS Institute, Inc.
- AWS
- MicroStrategy
- Cloudera
- Alteryx, Inc.
- Sisense (U.S.)
- Atos (France)
- Qlik (U.S.)
Recent Developments
- In January 2021, Data Analyzer, Plan Process Management with flexible modeling of calendar activities and processes, Story Exploration with improved View Time Story Tool Bar, Smart Discovery, and Voice to Insight are some of the new features added to SAP Analytics Cloud. The Voice to Insight function allows you to use Natural Language Query to ask business-related inquiries about the data.
- In June 2020, Microsoft Corp. and SAS announced their strategic alliance. They will give clients the tools they need to quickly operate their SAS® workload in the cloud, expand their business solutions, and unlock significant value from their efforts to engage in digital transformation. As part of their partnership, the companies will move their industrial and analytical applications from SAS to Microsoft Azure as their chosen cloud provider for the SAS Cloud. SAS' business solutions and expertise will benefit Microsoft customers more in the financial, healthcare, and other industries.
- In November 2020, IBM recently released a number of data and automation upgrades for its Hybrid Cloud software portfolio that would help company’s foster innovation and quicken the digital transformation process.
- In February 2021, With Ford Motor Co., Google has a six-year agreement that will add cloud services to the Ford manufacturing floor and Android technology to Ford cars.
- In June 2019, to increase its client base, Google paid $ 2.6 billion to purchase Looker Data Sciences Inc. With this deal, Google will be able to offer its clients more cloud storage and software.
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