Press release
Data Warehouse As A Service Market Report 2024: Strategies And Recent Developments
Data Warehouse As A Service Market
The Business Research Company offers in-depth market insights through Data Warehouse As A Service Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data warehouse-as-a-service market size has grown exponentially in recent years. It will grow from $5.81 billion in 2023 to $7.07 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to need to enhance customer experience, increasing demand for data security, rising use of data warehouse services in BFSI sector, increase adoption of cloud system growing data manageability, the proliferation of big data to increase demand.The data warehouse-as-a-service market size is expected to see rapid growth in the next few years. It will grow to $15.16 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to growing demand of centralized data storage, growing e-commerce activity, rapid adoption of cloud-based solutions and focus on real-time data analysis, data analytics and business intelligence are expected to play a major role in enterprise management, increasing investments by data center companies in hyper-scale data centers. Major trends in the forecast period include integration of new technologies and single server solutions, increase in demand for ICT industry, rising government initiatives, growing demand for cloud system, increasing demand for data-driven decision-making, advancements in technology.
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Market Segmentation:
The data warehouse as a service market covered in this report is segmented -
1) By Type: Enterprise Data Warehouse As A Service (DWaaS), Operational Data Storage
2) By Usage: Data Mining, Reporting, Analytics
3) By Deployment: Private Cloud, Public Cloud, Hybrid Cloud
4) By Application: Fraud Detection And Threat Management, Supply Chain Management, Asset Management, Risk And Compliance Management, Customer Analytics
5) By Vertical: Banking Financial Services And Insurance (BFSI), Retail And Ecommerce, Telecommunication And Information Technology (IT), Healthcare And Life Sciences, Manufacturing And Automotive, Government And Public Sector, Travel And Hospitality, Media And Entertainment,
Major Driver - The Impact Of Growing Demand of Centralized Data Storage On Data Warehouse As A Service Market
The growing demand for centralized data storage is expected to propel the growth of the data warehouse-as-a-service market going forward. Centralized data storage refers to the practice of storing and maintaining data in a single, central location. The generation of massive amounts of data, requiring scalable and centralized storage solutions. Data warehouse-as-a-service market is used in centralized data storage to consolidate data from various sources (databases, applications, files) into a single, unified platform, creating a centralized repository. For instance, in January 2024, according to a report by Application Access Governance Information Technology Services, a UK-based company that offered a full suite of information technology (IT) support and digital transformation services, around 60% of corporate data was stored in the cloud, and cloud infrastructure spend is estimated to increase by 23% in 2023. Therefore, the growing demand for centralized data storage is driving the growth of the data warehouse-as-a-service market.
Competitive Landscape:
Major companies operating in the data warehouse as a service market report are Google LLC, Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., The International Business Machines Corporation, Oracle Corporation, SAP SE, Fujitsu Limited, Hewlett Packard Enterprise Development LP, VMware Inc., NetApp Inc., Veeva Systems Inc., Teradata Corporation, Nutanix , Snowflake Inc. , Cloudera Inc., Quantum Corporation, Mark Logic Corporation, Yellowbrick B.V., AtScale Inc., Micro Focus International Plc, Action Corporation, Netavis GmbH, Scale Computing , DataCore Software, Maxta Inc., Sangfor Technologies, 1010data, Solver, Panoply
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Top Trend - Next-Generation Solutions in the Data Warehouse-as-a-Service Market
Major companies operating in the data warehouse-as-a-service market are developing innovative solutions such as SAP datasphere to address the challenges of traditional data warehouses. These cloud-based data warehouse solutions enables organizations to harmonize the strategic data and facilitate decision-making. For instance, in March 2023, SAP SE, a Germany-based software company, launched SAP datasphere, a cloud data warehouse service. It offers a comprehensive solution that collects and organizes metadata, enabling organizations to manage all system objects, access reliable data for quality modeling, and perform data lineage and impact analysis. The new SAP Datasphere catalogue is the primary location for locating, enhancing, publishing, and promoting the company's reliable data and analytical assets, while also offers an efficient data governance approach.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Warehouse As A Service Market Characteristics
3. Data Warehouse As A Service Market Trends And Strategies
4. Data Warehouse As A Service Market - Macro Economic Scenario
5. Data Warehouse As A Service Market Size And Growth
…..
27. Data Warehouse As A Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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