The Latin America, Middle East and Africa Cloud Analytics Market would witness market growth of 27.6% CAGR during the forecast period (2022-2028).
Data centers are physical places containing servers that can process and store data, in addition, to connecting to other data centers via networks. The centers require a large amount of Infrastructure in order to process these data’s coming from different sources. While many businesses have the funds to build and run their own data centers, it is very much expensive for the majority, this is where cloud computing comes into picture.
Cloud analytics enable businesses to connect remote data centers and handle massive amounts of data, enabling the team to achieve new levels of efficiency and accuracy. It benefits the majority of businesses by making data gathering affordable and accessible. Major advantages of cloud analytics over conventional technologies include increased sharing and collaboration, enhanced security, reduced costs, and enormous scalability.
With the knowledge gained from analytics, businesses can collect metrics that provide a deeper understanding of how operations, finances, marketing, and other departments perform as a whole, leading to more informed decision-making.
It is reported that governments in different countries such as Brazil have increased their expenditures in developing technologies such as 5G, artificial intelligence (AI), big data, machine learning (ML), and cloud computing. Regarding the application of big data technologies in academia, Saudi Arabia is in par with affluent nation. The Saudi Arabian education system is constantly expanding, and the authorities are implementing policies and programs to assist educators in providing high-quality training.
The Brazil market dominated the LAMEA Cloud Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,895.6 million by 2028.The Argentina market is experiencing a CAGR of 28.3% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 27.2% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into Sales & Marketing, HR, Accounting & Finance, Research & Development, Customer Service and Others. Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecommunication, Retail & Ecommerce, Government, Healthcare & Life Sciences, Energy & Utilities, Manufacturing and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Analytics Market is Predict to reach $81.8 Billion by 2028, at a CAGR of 21%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., Sisense, Inc., Salesforce.com, Inc. (Tableau Software, Inc.), GoodData Corporation, and Databricks, Inc.
By Organization Size
By Application
By Deployment
By Component
By Vertical
By Country
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