Indonesia Cloud Analytics Market - Forecast 2020-2025

• The market for Indonesia Cloud Analytic sis forecast to reach $15.6 billion by 2025, growing at a CAGR of 20.3% from 2020 to 2025. When compared to on-premises Business Intelligence (BI) solutions, cloudbased analytics is growing at a higher pace attributed to the emergence of big data and easy installation features of cloud analytics services. Moreover, for numerous business organizations operating in a wide range of industries, cloud analytics solutions are increasingly becoming popular, which is anticipated to elevate the Indonesia cloud analytics market during the forecast period 2020-2025.

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Key Takeaways

•One of the major drivers for the growth of the Indonesia cloud analytics market is the growing demand among companies to gain insights from data and understand consumer preferences and to launch products accordingly.

•The cloud analytics platform helps banks and financial firms secure transactions and smooth customer experience by ensuring the confidentiality, integrity, and availability of information over the internet, which is one of the key drivers of BFSI's vertical growth in this region.

•Security issues caused in many of the Cloud Analytics platforms are majorly causing the hindrance in the market growth rate.

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By Deployment

Type – Segment Analysis

By deployment type, the market is segmented into public, private and hybrid. Among these, the public cloud segment is witnessing a significant growth rate during the forecast period 2020-2025. Growth in this segment is attributed to the lower costs and bandwidth efficiency provided by public cloud servers. A cloud service provider operates the public cloud infrastructure over the internet, thereby offering tremendous value to the businesses in terms of better economics, agility, and ease of data accessibility.

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