Data Warehouse as a Service Market Size, Share, Growth Opportunities, Analysis, Research Study

Market Highlights

According to Market Research Future (MRFR) analysis, the global data warehouse as a service market is expected to reach USD 4.69 billion with a CAGR of 21.4% from 2019 to 2024 (forecast period). Adapting to the novel COVID-19 pandemic, the impact of COVID-19 pandemic on the global data warehouse as a service market is included in this report. The effect of the novel coronavirus pandemic on the growth of the global data warehouse as a service market is assessed and outlined in the report.

DWaaS are gaining popularity among data scientists, business analysts, industrialists, and decision-makers. DWaaS utilizes SQL, business intelligence and data analytics for application purpose. The insights from DWaaS allow business to asses and monitor performance. The rise of cloud computing has made a tremendous impact on the DWaaS market. Most DWaaSs are accessible via cloud servers.

The rising volume of unstructured data is driving the need for effective data management solution, which is creating attractive market opportunities. Service providers are actively focusing on introducing innovative solutions and serviced. In addition, a strong R&D pipeline indicated towards a positive outlook for the market during the review period. Industry trends such as effort on service improvement, increasing merger & acquisition activities, and collaboration & partnerships are also expected to favourably on the market in the forthcoming years. Nevertheless, issues pertaining to data theft and privacy breach remain a major challenge for service providers.

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Segmentation:

The global market for DWaaS has been segmented based on usage, deployment, organization size, application, and vertical.

Based on usage, the global market for DWaaS has been divided into data mining, reporting, and analytics.

Based on deployment mode, the global market for DWaaS has been classified as private cloud, public cloud, and hybrid cloud.

Based on organization size, the global market for DWaaS has been divided into small and medium-sized enterprises (SMEs) and large enterprises.

Based on application, the global market for DWaaS has been segmented into fraud detection and threat management, risk and compliance management, supply chain management, asset management, customer analytics, and others.

Based on vertical, the global market for DWaaS has been divided into banking, financial services and insurance (BFSI), government and public sector, retail & e-commerce, telecommunication and IT, healthcare and life sciences, manufacturing and automotive, travel and hospitality, media and entertainment, and others.

Geographic Trends

• North America is anticipated to have a significant market share, owing to the availability of technologically-advanced data warehouse infrastructure. The US organizations are higher adopters of analytics solutions across several verticals and are considered as the leading country in the market, due to the presence of significant demand for managing the operational data, along with the increased emergence of cloud solution providers.

• The market environment for cloud computing continue to develop across the region, as the availability and usage of cloud-based data warehouse solutions become more prevalent. Almost all enterprises are looking for a solution to reduce the time taken to search for data and improve the efficiency of both the employees and the organizations. This has increased the utilization of data warehouse-as-a-service, thereby, increasing the efficiency of business processes.

• The competitive landscape is consolidated with the presence of some of the prominent players across the region, such as Google LLC, Teradata Corp., SAP SE, IBM Corp., and Microsoft Corp., who are some of the leading vendors, placing significant emphasis on the formalization of professional services to support the data warehousing-as-a-service market.

• Also, the scope and scale of alliances and partnerships among enterprises in the United States are expanding to support and expand upon provider offerings across the data warehouse services space. Also, the data warehouse providers of cloud services are becoming essential partners for many of the IT services firms, thereby, offering them flexibility and scale whenever they require.

• Moreover, the adoption of consumerization trends, such as the usage of mobile devices and social networking is leading to an exponential rise in the volume of informational data that needs an effective way to be stored, analyzed, and managed to stay competitive among the North America market, which is further anticipated to amplify the data warehousing market growth.

Global Data Warehouse as a Service Market: Competition Analysis

Some of the leading companies functioning in the market include Amazon Web Services (US), SAP SE (Germany), IBM Corporation (US), Teradata Corporation (US), Hortonworks (US), Micro Focus (UK), Netavis Software GmbH (Austria), These include Microsoft Corporation (US), Snowflake Inc. (US), Oracle Corporation (US), Actian Corporation (US), Google (US), MarkLogic Corporation (US), Veeva Systems Inc. (US), and AtScale, Inc. (US).

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Data Warehouse as a Service Market Research Report: by Usage (Data Mining, Reporting, Analytics), Deployment, Organization Size, Application (Fraud Detection, Asset, Risk and Compliance Management, Customer Analytics), Vertical - Forecast till 2024

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