From GlobeNewswire: 2024-06-07 10:00:00

The Global Cloud Analytics Market is projected to grow from USD 27.5 billion in 2023 to USD 186.9 billion by 2033 at a CAGR of 21.12%. Cloud analytics shifts data processing and storage operations to public or private clouds, offering scalability, flexibility, and cost-efficiency. Integration of cloud services in healthcare, BFSI, and media & entertainment sectors is driving market demand. Large enterprises investing in cloud-based analytics systems, with the batch analytics segment expected to grow fastest. Analytical solutions segment leads market share, leveraging predictive, speech, text, and video analytics for business insights. North America leads market share, while Asia-Pacific region is expected to grow rapidly. Major vendors include IBM Corporation, Oracle Corporation, Microsoft Corporation, and more. Wipro and IBM expanded partnership to offer new AI services. Market segmented by data processing, organization size, solution, deployment, and end-user. Other related reports include Global Digital Signal Processor Market and Global Virtual Warehousing Market.



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