Top 5 Cloud Analytics Solution Providers, 2022

The global cloud boom and exponential rise in data volumes are fueling the adoption of cloud analytics among business enterprises across industries. Cloud data analytics is experiencing faster adoption compared to on-premises solutions, owing to its ability to analyze data and deliver insights in a manner that can be interpreted by end-users easily. Organizations across the world are seeking solutions that offer real-time insights to improve customer experience. Consequently, cloud data analytics is emerging as a highly sought-after solution.     

Projections based on a research study by Fortune Business Insights™ show that the global market size for cloud analytics could surpass USD 86.15 billion in terms of the annual valuation by 2028, growing at a CAGR of 20.9% during the forecast period. This growth will be driven by the rising demand among businesses to gather actionable insights from unstructured data to improve business outcomes. 

COVID-19-Induced Work from Home Trend to Boost Cloud Data Analytics Adoption           

The sudden outbreak and rapid spread of COVID-19 have forced businesses of all sizes to rapidly shift to remote working. The rise in remote operations and the resulting surge in cloud usage are augmenting the need for cloud data analytics. Digital dashboards are increasingly gaining popularity, owing to the benefits associated with real-time analytics and visualization as well as their importance in decision-making. Data visualization allows businesses to gain valuable insights into each aspect of consumer behavior, thus allowing them to make more informed decisions. A large percentage of enterprises are also integrating cloud Business Intelligence (BI) platforms powered by analytics tools.

Fortune Business Insights™ Presents Top 5 Cloud Analytics Solution Providers in 2022

1. IBM Corporation

IBM Corporation, an established player and among the top 5 providers of cloud analytics solutions in the market, serves corporate expertise through its extensive portfolio of open public cloud services, hybrid multi-cloud platforms, and AI capabilities. Its business offerings include cloud & cognitive software, global business services, global financing, global technology services, and systems. With over 345,000 professionals in its workforce, it operates across nearly 175 countries. IBM’s cloud and data platform provide users with increased flexibility and portability for data and applications. In 2020, IBM generated nearly USD 73,620 million in sales revenue.

In March 2021, IBM rolled out an advanced security service, IBM Security Services for Cloud. It is designed to help enterprises manage their cloud strategy, security policies, and controls across hybrid environments. These services help build a consistent security approach throughout their cloud ecosystems.

2. Cisco Systems, Inc.

With a vast portfolio of products and services, including infrastructure platforms, applications, security, services, and others, California-based Cisco Systems, Inc. is a global leader in cloud computing technologies. It garnered more than USD 49,301 million in terms of annual revenue in 2020. Cisco is a prominent name in the cloud analytics industry, owing to its robust analytics solution that offers information on cloud deployment, resource configuration, industry standards, and regulatory compliances. It also designs, develops, and distributes hardware, networking software, high-tech products & services, telecom equipment, and others.

In October 2020, Cisco introduced the Wide Area Networking (WAN) edge platform to help companies accelerate cloud adoption by delivering safe and automated networks across cloud, edge, and data centers.

3. SAP SE

SAP SE is a major shareholder in the global cloud analytics market. Headquartered in Germany, it is among the leading providers of enterprise software solutions in the world. Its portfolio of services includes predictive & augmented analytics, BI, and planning capabilities. It offers advanced analytics across its Business Technology Platform along with machine learning and IoT capabilities, helping clients transform their organizations into intelligent enterprises. As of 2020, SAP SE had approximately 102,400 employees across 130 offices globally, more than 22,000 partner companies, and nearly 100 innovation and development centers.

In July 2021, SAP released the SAP Enterprise Threat Detection platform, a real-time cloud-based solution for enterprise threat detection for SAP applications. The solution is deployed as a 100% managed service on the SAP Business Technology Platform.

4. SAS Institute, Inc.

SAS Institute, Inc. is a renowned analytics firm with over 40 years of expertise in delivering solutions for healthcare, life sciences, retail, manufacturing, banking, telecom, and various other end-use verticals. The SAS Cloud Analytics platform helps make analytics projects more accessible and collaborative for enterprises. A leading player in this market, SAS generated around USD 3 billion in sales revenue in 2020. Its offerings are utilized in over 82,000 companies, universities, and government organizations. Based in California, U.S., SAS holds a strong presence across the Americas, Asia Pacific, Europe, and Middle East & Africa.

In July 2021, SAS launched the SAS Customer Intelligence 360 Marketing Cloud Instance in Mumbai, India. The solution is aimed at providing robust service, low latency, data sovereignty, data privacy, and local support to Indian customers.

5. DELL Technologies

Located in Texas, U.S., Dell Technologies is a renowned developer of personal computers, cellphones, televisions, and computer software. It also offers a rich portfolio of computer security, network security, and information security services. Its cloud data analytics, hybrid cloud offerings, and other cloud services make Dell a prominent player in this market. Dell is expected to garner sales revenue worth USD 94,224 million by the end of 2021. It has more than 158,000 employees globally.

In May 2021, Dell Technologies unveiled the Dell EMC Streaming Data Platform (SDP) that offers robust, real-time analytics at the edge. SDP is best-suited for acquiring, storing, and analyzing streaming data in real-time at the edge, owing to its smaller footprint.

Is Cloud Data Analytics the Way Forward in the Post-COVID-19 World?

Business Intelligence (BI) and analytics deployment, which has traditionally been on-premises, is increasingly heading toward the cloud. This is primarily due to vendors, such as Microsoft, that are heavily investing in their cloud-based BI applications while organizations are migrating the majority of their data to the cloud. This trend has found significant momentum during the COVID-19 pandemic, which brought the world to a standstill. Amid widespread disruptions caused by the pandemic and increased adoption of online learning, remote working, and telehealth, more and more organizations are embracing cloud data analytics. Considering the prevailing and highly uncertain nature of the global pandemic, cloud analytics will certainly be an indispensable tool for business enterprises.