Latin America Cloud Analytics market report defines and segments the Cloud Analytics market in Latin America with analysis and forecast of revenue. This market is estimated to grow from $191.7 million in 2014 to $688.5 million in 2019, at a Compound Annual Growth Rate (CAGR) of 29.1% from 2014 to 2019.
Cloud analytics is a cloud-enabled service model that allows an organization or individual to perform business analysis by providing the analytics elements though public, private and hybrid cloud. Data analytics and Cloud Computing are the factors that have led to the evolution of data analysis through cloud based analytics. They have enabled the use of cloud based business analytics in small, medium as well as large enterprises.
In Latin America various factors, such as, cost-effectiveness, easy installment and high growth in big data are driving the cloud analytics market in this region. The key players of this market include IBM, Oracle, SAP, SAS, Salesforce and others. Many of IBM's popular business analytics applications are now available in cloud-based or software as a service (SaaS) editions. These solutions are not only initiating business analytics deployments up and running in minutes, but are also reducing the costs and risks of development and deployment.
Being a Latin America holds the substantial share of the overall cloud analytics market which is expected to grow exponentially by the end of 2019. The organizations operational in this region are considered to be the most techno savvy and innovative. The quest of having a competitive edge over other competitors leads these organizations to exploit the advanced technologies and get the best out of them. Moreover, rapid adoption of mobile technology and extensive use of social media is also contributing to the growth of cloud analytics market in Latin America.
Latin America Cloud Analytics market is segmented and forecast on the basis of solutions such as Cloud BI tools, Hosted Data Warehouse Solutions, Complex Event Processing Enterprise, Performance Management, Governance, Risk and Compliance, Analytics Solutions. Also it is segmented on the basis of industry verticals such as BFSI, Healthcare, Media & Entertainment, Telecommunication, Consumer Goods & Retail, Business & Consulting, Education & research, Manufacturing & Energy. The market is further segmented and forecasted on the basis of End-users such as Enterprises, Medium Business& Small Business (SMB). The Latin America Cloud Analytics market is also segmented on the basis of major countries in this region such as the Brazil, Mexico and Columbia.
The report also includes market share and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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