Data Warehouse as a Service Market Research Report- Forecast till 2024

Market Highlights

The Data Warehouse as a Service Market Size is projected to grow at a CAGR of 21.4% during the forecast period 2019 to 2024. As per the data warehouse as a service market research report, the global market for data warehouse as a service is anticipated to grow rapidly by US$4.69 billion by 2024. As per analysts, substantial growth in the volume of the data along with the growing need for compliance will drive the market growth throughout the forecast period. The data warehouse as a service market research report provides an in-depth analysis of the global data warehouse as a service market and its application, deployment, organization size, region, vertical, and usage segments. The complex regulations and standards as well as concerns regarding privacy are the factors which could affect the data warehouse as a service market growth during the forecast period 2019 to 2024. The data warehouse as a service market research report by expert analysts is intended to help companies in the data warehouse as a service market.

The data warehouse is a central repository of information that is evaluated in order to make better informed decisions. Transactional systems, relational databases, and other sources store the data in a data warehouse. Business analysts, data scientists, and decision-makers have access to data through business intelligence (BI) tools, SQL clients, and other analytic applications. Enterprises use reports, dashboards, and analytics tools to derive information from data, track business performance, and support decision-making. These reports, dashboards, and analytics tools are part of a data warehouse that stores data efficiently and delivers high-speed query results to many users at the same time. These data warehouses are made available to the enterprises on cloud, identified as data warehouses as services.

Market Dynamics

A massive rise in the volume of data is the main factor contributing to market growth. The growing need for compliance with regulations and standards such as HIPAA of 1996, EU GDPR, SOX Act of 2002 also contributes to market growth. In addition, the increasing adoption of the private cloud by organizations is also anticipated to propel the market. Nonetheless, concerns about privacy and protection are anticipated to limit market growth during the forecast period. Growing applications across verticals and rising demand from SMEs give lucrative opportunities to the major providers of DWaaS solutions in the global market.

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Segmentation:

The global data warehouse as a service market has been segmented based on application, deployment, organization size, region, vertical, and usage. On the basis of application, the market for data warehouse as a service is segmented based on asset management, customer analytics, risk and compliance management, supply chain management, fraud detection and threat management, and others. Additionally, the market on the basis of deployment, is segmented into hybrid cloud, public cloud, and private cloud. The global market for data warehouse as a service is also covered based on organization size segment which is further split into small and medium-sized enterprises (SMEs) and large enterprises. On the basis of vertical, the market for data warehouse as a service is segmented based on government and public sector, healthcare and life sciences, manufacturing and automotive, media and entertainment, retail & ecommerce, telecommunication and IT, travel and hospitality, BFSI, and others. Additionally, the market on the basis of usage, is segmented into analytics, reporting, and data mining.

Key influences such as security issues could obstruct the data warehouse as a service market growth. However, as per the data warehouse as a service market research report, the growing adoption of private cloud as well as the increasing demand from SMEs will drive growth during the forecast period 2019 to 2024. These key growth factors will help support the data warehouse as a service market growth at a high CAGR. The segmental analysis of application, deployment, organization size, region, vertical, and usage segments as well as regional market analysis has been presented in the global data warehouse as a service market research report. Analysts studying the data warehouse as a service market have presented projections in the data warehouse as a service market research report assisting data warehouse as a service market-based companies in numerous ways. The data warehouse as a service market research report offers crucial details about the data warehouse as a service market based on the data and forecasts till 2024.

Regional Analysis

The global market for DWaaS has been examined for four regions—North America, Europe, Asia Pacific, and the rest of the world.

North America has the biggest market share due to the rapid growth of cloud technology in data storage. The USA, Canada, and Mexico are the dominant countries in the region. The US is the leading country due to the early adoption of the data warehouse as a service and initiatives taken by market players in the form of alliances with various technology players and product enhancements in the region.

The market in Europe is projected to be the second-largest during the assessment period owing to the increasing demand for DWaaS solutions due to the growing adoption in the BFSI sector.

The Asia Pacific is predicted to be the fastest-growing region in the global DWaaS market during the forecast period. The steadily increasing number of companies adopting these solutions across the BFSI and retail and e-commerce industries and the increasing volume of data are critical drivers for the growth of the DWaaS market in the Asia Pacific.

Key Players

The key participants in the global DWaaS market are identified on the basis of their country of origin, regional presence, product diversification, recent key developments, and industry expertise. These include Amazon Web Services (US), Microsoft Corporation (US), , Oracle Corporation (US), SAP SE (Germany), Google (US), Micro Focus (UK), IBM Corporation (US), AtScale, Inc. (US), Teradata Corporation (US), Actian Corporation (US), Hortonworks (US), Veeva Systems Inc. (US), MarkLogic Corporation (US), Netavis Software GmbH (Austria) and Snowflake Inc. (US). The key strategies adopted by most participants are partnerships, agreements, collaborations, and the launch of solutions.

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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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