Cloud Analytics Market to see 26.29% CAGR to 2019

DALLAS, February 6, 2015 /PRNewswire/ --

ReportsnReports.com offers Global Cloud Analytics Market 2015-2019 research report of 85 pages that says increase in adoption of data analytics maximize profits and drive cloud analytics growth through 2019.

Increased adoption of data analytics has resulted in the growth of the Global Cloud Analytics Market, which is expected to post a CAGR of 26.29% from 2014-2019. According to latest "Global Cloud Analytics Market 2015-2019" report the adoption of data analytics has increased significantly across enterprises, over the years. Data analytics market combined with cloud computing is allowing organizations to track social media traffic engagement and statistics, in order to understand customers and provide customized services

Cloud analytics has emerged from the integration of cloud computing and data analytics solution. It also acts as a service model, where data analysis takes place and provided through public or private cloud. Cloud analytics vendors offer services under subscription based or pay-per-use model. Various cloud analytics products are hosted data warehouse, cloud-based BI solution, and SaaS-based social media analytics. Hosted data warehouse is a main data repository system from where the data are made available for analysis. Cloud business intelligence solution involves providing business analytics solutions to customers in low cost and in effective way. SaaS-based social media analytics involves remote positioning of various tools which help collect data and analyze the trend and pattern of visitors and serve customers in a better way.

Global Cloud Analytics Market 2015-2019 report emphasizes cloud analytics solutions that have gained traction because of an increase in the rate of data expansion and the growth of big data. The huge growth of data generated from various sources is a major driver for rapid increases in cloud analytics solutions. These solutions provide better ways to process, store and analyze data, thus increasing overall business performance.

Organizations are using data analytics in the cloud to maximize their profits by increasing revenue and saving on costs. Cloud analytics solutions automate the data of all systems and provide proper command so that the data are well maintained and can be accessed from anywhere.

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The report recognizes the following companies as the key players in the Global Cloud Analytics are HP, IBM, Microsoft, Oracle and SAP.

Other Prominent Vendors in the market are Actuate, Adaptive insights, BIME, Birst,   Cloud9 Analytics, Exafort, GoodData, Google, Host Analytics, Indicee, Infor, Informatica,     Information Builders, Jaspersoft, Kognitio, MicroStrategy, Newvem, Panorama Software,    PivotLink, Qlik Technologies, Rackspace hosting, SAS Institute, Tableau Software,  Teradata,    Tibco Software and VMware.

This report covers the present scenario and the growth prospects of the Global Cloud Analytics market for the period 2015-2019. To calculate the market size, the report considers revenue generated from cloud analytics solutions, software, tools, applications, services, support, and maintenance.

Global Cloud Analytics Market 2015-2019 report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Cloud Analytics market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Another report on data analytics in the Smart Grid market says that one of the major drivers of the market is the growth in the deployment of smart grid. There are several large-scale projects being undertaken by global companies for smart grid development.

Analysts forecast the Global Smart Grid Data Analytics Market (http://www.reportsnreports.com/reports/321867-global-smart-grid-data-analytics-market-2015-2019.html ) to grow at a CAGR of 20.6% over the period 2014-2019. One key trend in the market is the increase in the installation of smart energy meters. Power utilities worldwide are investing to change the way data are transmitted to and collected from consumers through various communication networks. AMI-enabled meters are being deployed to facilitate two-way communication between utilities and consumers.

The report recognizes the following companies as the key players in the Global Smart Grid Data Analytics Market: Accenture plc, AutoGrid Systems Inc., Itron Inc., Sensus USA Inc. and Silver Spring Networks

Other Prominent Vendors in the market are: IBM, Infosys, Microsoft, SAP and Verizon.

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Data management had not been a major concern for the power utilities in the past and the customer related fields such as metering and billing had been the only data intensive elements prior to the development of smart grids. In order to improve the amount as well as the quality of data, SCADA and AMI systems were developed which ultimately bettered the quality of data which utilities had on supply and generation end. With the fast development of smart grids and smart grid related equipment and solutions, the major concern for the power utilities is the management of data generated by these smart grid applications. With increase in the smart grid deployments, smart grid data analytics will become essential and vital to manage the large chunks of data.

Further, the report states that one of the key challenges in this market is the lack of industry standards. Regulatory authorities worldwide follow an array of common standards to bring in more consistency and steadiness within the Global Smart Grid Data Analytics market, as the absence of such standards would create issues during the interoperability of metering systems.

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