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Global Data Warehouse as a Service Market, Top key players are IBM, AWS, Google, Microsoft, Snowflake, Teradata, SAP, Micro Focus, Hortonworks, Cloudera, Actian, 1010data, Pivotal Software

02-15-2019 12:22 PM CET | IT, New Media & Software

Press release from: REPORTSANDMARKETS

Global Data Warehouse as a Service Market, Top key players

The data warehouse as a service market size is expected to grow from USD 1.2 billion in 2019 to USD 3.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. The key factors driving the data warehouse as a service market include increase in private cloud adoption, increased adoption of column-oriented data warehouse to perform advanced analytics, and proliferation of data.

The global data warehousing as a service market is primarily driven by the systematic and efficient arrangement of data. This feature considerably reduces the computing cost along with combining data in one place, thereby boosting the market growth during the forecast period. Increasing demand of big data trend is leading to the increasing demand for analytics which is also an important factor bolstering the demand of data warehousing as a service market globally.

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Some of the key players operating in this market include IBM (US), Microsoft (US), AWS (US), Oracle (US), Google (US), Teradata (US), SAP (Germany), Cloudera (US), Micro Focus (US), Pivotal Software (US), Snowflake (US), Hortonworks (US), Netavis (US), Accur8 Software (US), and 1010data (US)

The key factors driving the data warehouse as a service market include rising adoption of private cloud coupled with increasing use of column-oriented data warehouse to perform advanced analytics. However, lack of skilled personnel and reluctance to shift from traditional ETL tools to cloud are hindering the growth of the market.

Problems in managing and enhancing data quality are one of the major restraining factors in the global a data warehousing as a service market. In a data warehousing system, data is received from various disparate sources from all aspects of an organization. When a data warehouse attempts to combine the data from distinct sources, it encounters errors.

Technological advancement is likely to be one of the major opportunity in the global market. It is likely to play an important role in addressing extreme data and real time data warehousing needs which requires advanced change detection capabilities. Evolution of programming techniques like Hadoop and MapReduce coupled with advancement in core technology, memory and storage is expected to bid an attractive market opportunity during the forecast period.

On the basis of types, the global data warehousing as a system market is bifurcated into information processing, analytical processing and data mining. On the basis of data warehousing model, the market is bifurcated into virtual warehouse, enterprise warehouse and data mart. Based on application the market is bifurcated into consumer goods, retail, banking sectors, manufacturing sectors among others. The geographical split of the market encompasses North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is expected to have the largest market revenue followed by Asia Pacific and Europe. Technologically advanced infrastructure is one of the important driving factor boosting the North America market. U.S. and Canada are the major countries in U.S. responsible for the market growth.

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Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

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