Global Online Analytical Processing (OLAP) Tools Market by Type (Cloud-based, On-premises), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global OLAP tools market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based OLAP tools and rising adoption of big data analytics by organizations across the globe. The global OLAP tools market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based and on-premises. Cloud-based OLAP tools are expected to grow at a higher CAGR during the forecast period as compared to on-premises OLAP tools due to their advantages such as low cost, scalability, and easy deployment. On the basis of application, SMEs are expected to account for a larger share in terms of revenue in 2018 as compared to large enterprises due To their growing need for big data analytics solutions that can help them make better business decisions.



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Product Definition:

OLAP is a technology that allows you to analyze data from multiple dimensions. It is used to help you understand your data better so that you can make better business decisions.

Cloud-based:

Cloud-based is a model of delivering software as a service. In this model, the software is stored on the server of the service provider and can be accessed by multiple users from any location. The main aim of cloud-based services is to reduce costs for organizations in terms hardware procurement, installation, maintenance and support along with data center setup.

The major drivers for cloud-based solutions are scalability & flexibility.

On-premises:

On-premises is a term used for computer software and hardware installed at the customer's site. It can be used synonymously with the term “intranet” or “private cloud”. On-premises OLAP tools are mainly deployed by organizations that need to protect sensitive data from unauthorized access, ensure compliance, and enable business agility while reducing cost.

Application Insights:

The large enterprises segment dominated the global online analytical processing (OLAP) tools market in 2017. This can be attributed to factors such as presence of a large number of end users, need for advanced analytics and extensive data warehouse solutions, and high cost associated with implementation. The SMEs segment is expected to witness lucrative growth over the forecast period owing to increasing adoption of online analytical processing among small businesses for gaining insights from their data warehouse solutions.

Online analytical processing offers various benefits including real-time analysis, drill down capabilities into sub-sets of larger datasets, enhanced decision making capabilities by providing meaningful insights on different dimensions such as financial performance, customer behavior & preferences across different time periods or markets through multidimensional visualizations which aid in effective strategic planning and management decisions thereby driving its demand among SMEs over the forecast period.

The growing popularity.

Regional Analysis:

North America dominated the global market in 2017. The growth of this region can be attributed to the presence of prominent players such as Oracle Corporation; Cognizant; and Micros Systems Inc. Moreover, these companies are continuously investing in research & development activities to introduce innovative products for analytical processing and online analytical processing that will provide better insights into data analysis process.

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption of cloud-based OLAP tools by SMEs for their small business units (SBUs). These organizations lack resources required for on-premises installation, maintenance, and upgrade of software applications thus leading them towards cloud-based solutions offered by third parties at a lower cost with fewer restrictions regarding hardware requirements or usage. Furthermore, growing penetration rates of smartphones coupled with internet availability has increased access towards online analytical processing among users from developing countries such as India and China thereby boosting regional market growth over the forecast period.

Growth Factors:

Increasing demand for big data and analytics: The growth of big data is fueling the demand for OLAP tools as these tools are essential for analyzing large volumes of data.
Proliferation of cloud-based solutions: Cloud-based OLAP solutions are becoming increasingly popular as they offer several benefits such as scalability, flexibility, and cost-effectiveness.
Growing popularity of self-service BI: Self-service BI allows business users to access and analyze their own data without relying on IT staff or analysts. This is driving the demand for OLAP tools that offer self-service capabilities.
Increased use of mobile devices: With the proliferation of mobile devices, there is a growing need for mobile BI solutions that can provide real-time insights on the go. This is fueling the demand for OLAP tools that support mobile devices.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Analytical Processing (OLAP) Tools Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
Answerdock, BOARD, Dundas BI, IBM, Birst, Sisense, Domo, ClicData, Izenda, Yellowfin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.

Global Online Analytical Processing (OLAP) Tools Market Report Segments:
The global Online Analytical Processing (OLAP) Tools market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Answerdock
BOARD
Dundas BI
IBM
Birst
Sisense
Domo
ClicData
Izenda
Yellowfin



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Highlights of The Online Analytical Processing (OLAP) Tools Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-based
On-premises
By Application:
Small and Medium Enterprises (SMEs)
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Analytical Processing (OLAP) Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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