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Key Influencer in the Cloud Data Warehouse Market 2025: IoT-Connected Devices Fueling Cloud Data Warehouse Market Expansion Driver
Cloud Data Warehouse Market
The cloud data warehouse market has seen exponential growth, and it is expected to grow from $9.18 billion in 2024 to $11.56 billion in 2025, with a CAGR of 26.0%. The growth can be attributed to the rising volume of data, increased demand for data ingestion and quality, and the need for enhanced infrastructure utilization.
The cloud data warehouse market will experience exponential growth, reaching $28.82 billion by 2029 with a CAGR of 25.6%. Key drivers are cloud adoption and the complexity of emerging data types. Trends will include hybrid cloud data warehousing, blockchain integration, and quantum computing.
What Factors Are Propelling the Expansion of the Cloud Data Warehouse Market?
The growing number of IoT-connected devices is expected to stimulate the growth of the cloud data warehouse market. IoT-connected devices, which are physical objects embedded with sensors, software, and connectivity features, allow data exchange and interaction over the internet. The increasing adoption of IoT devices is driven by efficiency, automation, decision-making improvement, energy efficiency, smart city development, healthcare innovations, and environmental monitoring. Cloud data warehouses are highly scalable, making it easier for organizations to scale storage and processing capabilities to handle the rising data volume generated by IoT devices. In May 2023, IOT Analytics reported that the global number of connected IoT devices reached 16.7 billion, an 18% increase from 14.3 billion in 2022. Therefore, the rising number of IoT-connected devices is driving the cloud data warehouse market's growth.
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Which Businesses Are at the Forefront of Cloud Data Warehouse Market Development?
Major companies operating in the cloud data warehouse market are Google LLC, Microsoft Corporation, Amazon Web Services, International Business Machines Corporation, Oracle Corporation, SAP SE, Micro Focus International plc, Veeva Systems Inc., Snowflake Inc., Teradata Corporation, Cloudera Inc., DataRobot Inc., MarkLogic Corporation, Actian Corporation, Yellowbrick Data Inc., AtScale Inc., Qubole Inc., Firebolt Labs Ltd., SingleStore Inc., Pivotal Software Inc., Solver Software Pty. Ltd., Cazena Inc., Accur8 Software Inc., Panoply Ltd., Netavis Software GmbH
What Are the Latest Innovations in the Cloud Data Warehouse Market?
Companies in the cloud data warehouse market are advancing technologies like next-generation data warehouses to enhance their competitiveness. A next-generation data warehouse incorporates state-of-the-art features such as appliances, open-source technology, and cloud computing to handle and analyze data efficiently. For instance, in March 2023, SAP SE, a German-based software company, introduced Datasphere, a platform providing businesses with a unified experience for data integration, warehousing, semantic modeling, cataloging, and virtualization. The platform supports database security, encryption, and governance, offering capabilities like complex aggregations, time dependencies, data preview, business hierarchies, and more. It includes a new data catalog that serves as a centralized repository for data and metadata, ensuring data accuracy and governance.
How Is the Cloud Data Warehouse Market Segmented?
The cloud data warehouse market covered in this report is segmented -
1) By Type: Enterprise DWaaS, Operational Data Storage
2) By Deployment Model: Public cloud, Private Cloud
3) By organization Size: Large Enterprises, Small And Medium-sized Enterprises
4) By Application: Business Intelligence, Customer Analytics, Data Modernization, Operational Analytics, Predictive Analytics
5) By Vertical: Energy And Utilities, Government And public sector, Healthcare And life sciences, IT And ITes, Manufacturing, Media And Entertainment, Retail And Consumer Goods, Telecommunications, Other Verticals
Subsegments:
1) By Enterprise DWaaS (Data Warehouse As A Service): Public Cloud DWaaS, Private Cloud DWaaS, Hybrid Cloud DWaaS
2) By Operational Data Storage: Real-Time Data Storage, Batch Data Storage, Near-Real-Time Data Storage
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Where Is the Cloud Data Warehouse Market Growth Most Prominent?
Asia-Pacific was the largest region in the cloud data warehouse market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud data warehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cloud Data Warehouse Global Market Report?
- Market Size Analysis: Analyze the Cloud Data Warehouse Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Data Warehouse Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Data Warehouse Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Data Warehouse Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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