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Cloud Analytics Market worth $118.5 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, May 27, 2024 /PRNewswire/ — The market for cloud analytics has a promising future because of the acceptance of real-time analytics, the expansion of big data and IoT, and the integration of AI and machine learning. Its adoption across multiple industries will be further accelerated by improved security, edge computing integration, and user-friendly platforms that prioritise data-driven decision-making and customised customer experiences.

The Cloud Analytics Market is estimated to grow from USD 35.7 billion in 2024 to USD 118.5 billion in 2029, at a CAGR of 27.1% during the forecast period, according to a new report by MarketsandMarkets™. Cloud analytics revolutionizes data storage and analysis by harnessing the power of the cloud. By storing and analyzing data in the cloud, businesses can extract actionable insights crucial for both SMEs and large enterprises. This approach facilitates identifying patterns, predicting future outcomes, and gaining valuable insights. Cloud analytics offers an opportunity to consolidate data and convert it into actionable intelligence while reducing procurement and maintenance costs. It involves utilizing both cloud-stored data and the rapid computing power of the cloud for faster analytics. However, with cloud infrastructure, organizations gain access to scalable, secure, and efficient data storage and processing solutions, enabling them to meet the demands of big data and drive innovation.

Browse in-depth TOC on “Cloud Analytics Market”

333 – Tables
66 – Figures
342 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

USD Billion

Segments Covered

Offering, Data Type, Data Processing, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp (US), Qilk (US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo (US), GoodData (US), Thoughtspot (US), and Infogain (US)

By offering the services segment to account for higher CAGR during the forecast period

Services segment in the Cloud Analytics Market have experienced remarkable growth in the Cloud Analytics Market, fueled by the increasing adoption of data-driven decision-making across industries. These services offer businesses the capability to analyze vast amounts of data stored in the cloud swiftly and efficiently, enabling them to extract valuable insights for strategic planning, optimization, and innovation. With the scalability and flexibility of cloud infrastructure, analytics services can accommodate diverse data types and analytical workloads, empowering organizations to derive actionable intelligence from their data in real time. As businesses continue to prioritize agility and competitiveness, the demand for cloud analytics services is expected to soar, driving further innovation and expansion in the Cloud Analytics Market landscape.

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By Type, advanced analytics solution is expected to hold the largest market size for the year 2024

The surge in advanced analytics adoption within the Cloud Analytics Market is reshaping the landscape of data-driven decision-making. Organizations across diverse sectors are increasingly turning to advanced analytics solutions hosted on cloud platforms to extract deeper insights from their data. This trend stems from the growing realization that traditional analytics methods are no longer sufficient to cope with the complexities of modern data ecosystems. Advanced analytics, powered by machine learning algorithms, predictive modeling, and AI, offer unparalleled capabilities to uncover hidden patterns, forecast trends, and optimize business processes. By leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure, businesses can access powerful analytics tools without the burden of hefty upfront investments in hardware and software. As a result, the Cloud Analytics Market is witnessing rapid expansion, fueled by the transformative potential of advanced analytics in driving innovation, enhancing operational efficiency, and gaining a competitive edge in today’s data-driven economy.

By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period

The healthcare and life sciences sector is experiencing a transformative shift with the emergence of cloud analytics. This technology integrates vast amounts of data from various sources, including electronic health records, wearable devices, and genomic information, to derive meaningful insights and drive informed decision-making. Cloud analytics offers scalability, flexibility, and cost-effectiveness, enabling organizations to efficiently manage and analyze massive datasets that were previously challenging to handle. By leveraging advanced analytics techniques such as machine learning and predictive modeling, healthcare providers and life sciences companies can enhance patient care, optimize clinical workflows, and accelerate drug discovery processes. Moreover, cloud-based analytics facilitates collaboration among researchers, clinicians, and stakeholders, fostering innovation and driving advancements in personalized medicine and population health management. As the industry continues to embrace digital transformation, cloud analytics stands as a cornerstone for unlocking the full potential of data-driven healthcare and life sciences initiatives.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

The Asia Pacific region is experiencing a significant surge in the adoption of cloud analytics, reshaping how businesses make data-driven decisions. Companies spanning various industries are embracing cloud-based analytics platforms to optimize operations, foster innovation, and gain actionable insights. Additionally, the ubiquitous nature of mobile devices and internet connectivity has heightened the demand for real-time analytics accessible from anywhere. Governments and enterprises recognize the strategic value of harnessing analytics to maintain competitiveness in the global marketplace. Consequently, investments in cloud analytics technologies and talent development are escalating, positioning the Asia Pacific region as a pivotal player in the global cloud analytics landscape.

Top Key Companies in Cloud Analytics Market:

The significant cloud analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp(US), Qilk(US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo(US), GoodData(US), Thoughtspot (US), and Infogain (US). These companies have used organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Cloud Analytics Market.

Recent Developments:

In January 2024, Salesforce unveiled fresh Commerce Cloud tools leveraging generative AI and data-driven insights, enhancing every customer interaction for heightened loyalty and revenue growth.In February 2024, IBM and Wipro strengthened their collaboration to offer clients expanded AI services and support. This collaboration aims to utilize AI technologies to tackle various business challenges and foster innovation across industries.In June 2023, Salesforce and Google formed a partnership. The partnership between Salesforce and Google focuses on integrating Google’s AI capabilities into Salesforce’s products, enhancing their analytics offerings.In May 2023, Microsoft launched Microsoft Fabric Data Analytics which is a cutting-edge platform tailored for the AI era, facilitating seamless integration of analytics and AI capabilities into data processing workflows. It streamlines data ingestion, preparation, and analysis, enabling organizations to derive actionable insights efficiently.In August 2022, Teradata introduced VantageCloud Lake, a cloud-native service designed to simplify data lakes for businesses, enabling seamless management and analytics of vast data sets.

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Cloud Analytics Market Advantages:

Platforms for cloud analytics offer scalable resources, making it simple for companies to modify their requirements for storage and processing power in response to demand. Because of its adaptability, businesses may manage different data volumes without having to make costly infrastructure investments.Businesses can lower their capital hardware and software costs by utilising cloud analytics. Pay-as-you-go cloud service pricing allows businesses to optimise their total IT expenditure by only paying for the resources they really utilise.Compared to on-premises systems, cloud analytics solutions may be implemented and deployed far more quickly. This speedy deployment shortens the time to insight, allowing companies to begin data analysis and value extraction right away.Platforms for cloud-based analytics enable remote access to analytics tools and data from any location with an internet connection. Team members can collaborate on data projects regardless of location thanks to this accessibility, which fosters teamwork.Advanced analytics features like machine learning, artificial intelligence, and predictive analytics are frequently included in cloud analytics solutions. Organisations can gain deeper insights and make better decisions with the aid of these technologies.Businesses can analyse data as it is generated with the use of cloud analytics solutions, which provide real-time data processing and analytics. Applications that need instant insights, like fraud detection, operational monitoring, and customer engagement, depend on this real-time capacity.Platforms for cloud analytics can easily interface with a range of data sources, such as databases, data lakes, outside apps, and Internet of Things gadgets. A unified perspective of corporate operations and thorough data analysis are guaranteed by this integration capabilities.

Report Objectives

To define, describe, and predict the Cloud Analytics Market by offering, data type, data processing, vertical, and regionTo describe and forecast the Cloud Analytics Market, in terms of value, by region—North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall Cloud Analytics MarketTo profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing the competitive landscape for market leadersTo analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the Cloud Analytics MarketTo provide the illustrative segmentation, analysis, and projection of the main regional markets

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Financial Crime Compliance Expert Tracy Angulo Joins Treliant as Managing Director for Financial Crimes and Fraud Solutions

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January 8, 2025

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WASHINGTON, Jan. 8, 2025 /PRNewswire/ — Treliant, an essential consulting partner to the global financial services industry, has named Tracy Angulo as Managing Director with the firm’s Financial Crimes and Fraud Solutions team. Her appointment reflects Treliant’s commitment to helping financial institutions, fintechs, and cryptocurrency businesses prevent money laundering and terrorist financing, establish risk resilience in their programs and preserve operational efficiency.

Tracy has over 20 years’ experience in financial crime compliance, most recently as a Director at Guidehouse Inc. There, she served in critical roles guiding clients in building and enhancing their Bank Secrecy Act/Anti-Money Laundering (BSA/AML) obligations. She has also served as the Acting Global KYC/Customer Onboarding Director for a top cryptocurrency exchange, the Acting Deputy BSA/AML Officer for a U.S. based fintech, and Acting Manager of the financial intelligence unit for a large trust company and broker-dealer. Tracy also was a Principal Attorney Investigator with the Financial Industry Regulatory Authority (FINRA) where she led complex financial crime investigations into AML violations, securities fraud, Ponzi schemes, insider trading, market manipulation, and fraudulent securities offerings.

“Our clients are under relentless pressure to stay ahead of evolving financial crimes, with bad actors continuously targeting financial institutions, fintechs, and digital asset companies,” said John Arvanitis, Senior Managing Director, Financial Crimes and Fraud Solutions. “Tracy’s unmatched expertise—combining frontline experience, advisory insight, and a regulator’s precision—equips our clients to tackle threats head-on and protect their enterprises with confidence.”

“Our industry is at a turning point, with financial crimes growing in scale and sophistication, putting businesses and their reputations at greater risk,” said Tracy. “My focus is on helping our clients build resilient, future-ready programs that not only meet regulatory expectations but also instill trust and confidence in their stakeholders. By leveraging deep industry knowledge and a proactive approach, we can equip organizations to stay ahead of threats and succeed in an increasingly complex landscape.”

About Treliant

Treliant is an essential consulting firm serving banks, fintechs, mortgage originators, and servicers, and other companies providing financial services globally. We are led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help our clients drive business change and address the most pressing compliance, regulatory, and operational challenges.

We provide data-driven, technology-enabled consulting, implementation, staffing, and managed services solutions to the financial crimes, regulatory compliance, risk, credit, and capital markets functions of our clients.

Founded in 2005, Treliant is headquartered in Washington, DC, with offices across the United States, Europe, and Asia. To learn more visit www.treliant.com.

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Duda Among the 100 Best Startups and Tech Companies to Work For in the U.S.

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January 8, 2025

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The web building platform for digital agencies, SaaS platforms, and web professionals was recognized by Built In’s 2025 Best Places to Work Awards.

BOULDER, Colo., Jan. 8, 2025 /PRNewswire/ — Built In today announced that Duda, the leading white label website building platform for agencies and web professionals serving small and medium-sized businesses (SMBs), was honored in its 2025 Best Places To Work Awards. Duda earned a place on the following lists:

100 Best U.S. Companies to Work For in 2025100 Best U.S. Midsize Companies to Work For in 2025100 Best Places to Work in Colorado in 2025100 Best Midsize Places to Work in Colorado in 2025

The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S.

“We’re thrilled to be named one of the best places to work in the U.S. by Built In,” says Itai Sadan, co-founder and CEO of Duda. “By promoting company values such as openness, care and growth, and providing employees with opportunities to work on cutting-edge innovation, including AI for digital web presence generation, we cultivate a strong work culture and environment where employees feel constantly challenged, inspired, and able to grow their careers.”

Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation and benefits. To reflect the benefits candidates are searching for more frequently on Built In, the program also weighs criteria like remote and flexible work opportunities, programs for DEI and other people-first cultural offerings. 

As a global company with teams in the U.S., Israel, Canada, UK, Brazil, and the Philippines, Duda strives to provide an encouraging, collaborative, and fulfilling culture for all team members. Employees thrive in a hybrid environment that combines remote and on-site work and promotes connection, teamwork, and personal growth. “At Duda, our team members are empowered to make a meaningful impact by working closely with customers, solving complex challenges, and driving innovation. This meaningful work, coupled with our commitment to career development, enables our people to excel while maintaining a healthy work-life balance and overall wellbeing,” says Steven Carroll, VP of People & Talent at Duda.

“Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

About Duda   
Duda is a leading white label web building platform for digital agencies, SaaS platforms, and web professionals offering web design services to SMBs. From its industry-leading AI Assistant to advanced API-driven automation workflows, Duda offers web professionals a comprehensive suite of tools to build pixel-perfect, feature-rich websites efficiently and at scale–all on a flexible platform that can be fully customized to match their go-to-market strategy and ideal customer experience. As the top platform for Core Web Vitals, a critical metric for SEO performance, Duda makes it easy for web professionals to deliver a superior digital presence and outstanding performance to their customers under their own brand. More than 20,000 organizations have trusted Duda to build 1 million active websites. For more information, visit www.duda.co.

About Built In   
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach technical and expert talent. www.builtin.com

About Built In’s Best Places to Work   
Built In’s annual Best Places to Work program honors companies with the best total rewards packages across the U.S. and in the following tech hubs: Atlanta, Austin, Boston, Chicago, Colorado, Dallas, Houston, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle and Washington DC. Best Places to Work is distinct because its algorithm selects tech companies that build their offerings specifically around what tech professionals value in a workplace. https://employers.builtin.com/best-places-to-work

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AIMA Unveils Game-Changing 2025 eBike Lineup at CES: Better Performance, More Freedom

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January 8, 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — AIMA Technology Group (https://www.aimatech.com/), a global leader in sustainable mobility, is proud to unveil its groundbreaking 2025 eBike lineup at CES 2025. This launch represents a pivotal step in the evolution of sustainable transportation, with a collection designed to redefine performance, style, and freedom for riders worldwide.

AIMA’s New Brand Proposition: “Better Performance, More Freedom”

AIMA’s 2025 strategy is defined by its new brand proposition: “Better Performance, More Freedom.” This philosophy underscores the company’s commitment to delivering innovative products, empowering riders, and fostering stronger dealer partnerships.

Better Performance: Engineered for advanced functionality, exceptional durability, and effortless usability, AIMA’s eBikes ensure every ride exceeds expectations.More Freedom: Riders enjoy seamless exploration and sustainable living, while dealers benefit from unparalleled growth opportunities.

AIMA’s Vision for 2025

AIMA’s 2025 roadmap focuses on four strategic pillars to elevate the eMobility experience:

Continuing dealer-focusing strategy and expanding the Dealer Network: Partnering with independent bike shops to bring premium eBikes closer to communities.Strengthening Product Competitiveness: Leading the sub $2,000 eBike category with innovative, affordable offerings.Enhancing Customer Engagement: Creating interactive experiences such as demo rides and Ebike educational material.Unveiling New Models: Launching diverse eBikes for urban commuters and off-road adventurers alike.

The Lexus of eBikes 

AIMA has earned the title “The Lexus of E-Bikes” for its premium design and unmatched performance. Clint Hough of Trick Ebikes in California praises AIMA’s seamless blend of manufacturing expertise, stringent quality control, and forward-thinking innovation.

2025 Product Highlights

AIMA’s 2025 lineup introduces eight new models and three upgraded designs, each tailored to meet diverse rider needs:

Key West: Sleek and ergonomic, perfect for city commuters.Venice: A Rizoma collaboration featuring futuristic aesthetics and practicality.Manhattan: A folding eBike designed for seamless urban mobility.Rocky: A rugged eMTB for outdoor enthusiasts.Also a new key model to be unveiled on January 8 at the CES: Built with unmatched durability and power, this all-terrain eBike lives up to the slogan “Built Like a Tank.”

Angela Zheng, CEO of AIMA E-Bike, shared, “Our 2025 eBike lineup blends performance, functionality, and commuter elegance. These eBikes are designed for everyone—from urban commuters to weekend adventurers—highlighting our commitment to innovation, quality, and sustainability. Collaborations with pioneers like Rizoma, Bafang, and Rob Janoff have ensured that every model offers a unique, premium experience.”

Pioneering collaborations:

Rizoma: Known for precision engineering and premium materials, Rizoma brought innovative Italian design concepts to the Venice eBike.Bafang: A leader in e-mobility electrical system, Bafang’s motors power AIMA’s eBikes with unmatched efficiency and reliability.Rob Janoff: The iconic designer behind the Apple logo crafted AIMA’s modern and sleek brand identity, reinforcing its premium image.

Innovative Features

AIMA’s eBikes deliver an unparalleled riding experience with cutting-edge advancements:

Enhanced Battery Technology: Lightweight, long-range batteries provide greater freedom for exploration.High-Performance Motors: Powered by AIMA’s trusted partner, Bafang, these efficient and reliable motors ensure smooth and effortless rides, even on challenging terrains.Safety First: Equipped with hydraulic disc brakes and intelligent torque sensors, AIMA eBikes offer superior control and stability.Ergonomic Design: Rider-centric designs prioritize comfort and accessibility for an exceptional experience.

Shaping the Future of Electric Mobility 

From the rugged versatility of the Rocky to the sleek sophistication of the Manhattan, AIMA’s 2025 eBike lineup reflects a commitment to creating a greener, connected future. Every model empowers riders to explore confidently and sustainably. In 2025, NBDA recognizes AIMA as the “Best IBD Partner” as its dealer-first approach is a game-changer for independent bike shops, fostering trust and expertise in communities.

Visit AIMA at CES 2025 

Join AIMA at Booth 10947 in the North Hall of the Las Vegas Convention Center to experience the 2025 lineup firsthand. Discover why AIMA sets the gold standard in eMobility and paves the way for sustainable transportation.

Special Invitation: January 8 Product Launch Event Don’t miss AIMA’s exclusive product launch event on January 8, 2025, at 11:00 AM. Be among the first to witness the unveiling of our latest groundbreaking eBike model and explore the future of sustainable mobility.

About AIMA E-Bike

AIMA E-Bike leads the industry in sustainable electric mobility, delivering high-quality eBikes tailored to riders seeking style, performance, and reliability. Through continuous innovation and collaboration, AIMA is transforming the way people move, making mobility greener, smarter, and more connected.

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