Exponential growth in big data is expected to stimulate expansion of the Asia-Pacific cloud analytics market from $1.04 billion currently to $4.54 billion in 2019 – representing a compound annual growth rate of 34.3 per cent per year.
According to a report by Micromarket Monitor, as organisations seek to find efficient business analytics solutions, they are looking past unwieldy, expensive and difficult to maintain traditional solutions, and instead favouring user-friendly cloud-based options.
The key players in the Asia-Pacific cloud analytics market are SAS, SAP, Oracle, IBM, and Salesforce.
The Micromarket Monitoring Asia-Pacific Cloud Analytics market report segments the market into several fields, including cloud BI tools, hosted data warehouse solutions, complex event processing, enterprise information management, enterprise performance management, cloud analytics, and governance, risk and compliance. It provides insights into market share and value chain analyses, as well as a competitive landscape and company profiles of the key players.