Home › News Updates › Carbon Sciences Narrows IT Acquisition Focus to Data Collection and Analytics

World News recently mentioned MarketsandMarkets in an article which was published by them, covering the cloud-based data collection and analytics services. According to Markets and Markets, the cloud analytics market is expected to grow from $7.5 billion in 2015 to $23.1 billion in 2020 at a compound annual growth rate of 25.1% during the forecast period.

Carbon Sciences Inc. (OTC PINK: CABN), focused on developing breakthrough technologies based on graphene, the new miracle material, today announced that after a substantial period of research, Carbon Sciences has narrowed its acquisition search focus to cloud-based data collection and analytics services. According to Markets and Markets, the cloud analytics market is expected to grow from $7.5 billion in 2015 to $23.1 billion in 2020 at a compound annual growth rate of 25.1% during the forecast period. Constellation Research predicts that the market will grow even faster — at a compound annual growth rate of 46% through 2020. The cloud-based big data analytics space is still relatively immature. Carbon Sciences estimates that the demand for these solutions is much greater than supply. Many business leaders are therefore developing their future adoption strategies, planning to implement these resources as soon as possible. The company believes that new materials, such as graphene, must be explored and used to significantly increase the speed of data movement in the Cloud. This will unleash a global era of high-resolution video on demand, high fidelity music streaming, high volume e-commerce and many more Cloud-based services.

 

Report mentioned in the above news is,

Cloud Analytics Market by Type (Cloud BI Tools, Hosted Data Warehouse Solutions, CEP, EIM, EPM, GGR, Analytics Solutions) - Worldwide Forecast and Analysis to 2015 - 2020

Press Release:

http://www.marketsandmarkets.com/PressReleases/cloud-based-business-analytics.asp

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