Press release
Global Cloud Data Warehouse Market to Reach $28.82 Billion by 2029, Growing at 25.6% CAGR
Cloud Data Warehouse Market Size
The cloud data warehouse market is predicted to expand due to the rising quantity of IoT-connected devices. These are physical entities equipped with sensors, software, and the ability to connect and exchange data via the internet with other devices or systems. The growth in these IoT-connected devices can be attributed to factors such as improved efficiency and automation, better decision-making, energy conservation, advancement in healthcare, smart city evolution, and environmental surveillance. Cloud data warehouses can easily scale up their storage and processing features to manage the mounting data volume produced by the IoT devices. For example, a report from IOT Analytics, a German-based industrial automation firm, stated that in May 2023, the worldwide count of connected IoT devices was 16.7 billion, up 18% from 14.3 billion in 2022. Hence, the escalating number of IoT-connected devices fuels the growth of the cloud data warehouse market.
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What is the projected compound annual growth rate (CAGR) of the cloud data warehouse market from 2025 to 2034, and what factors influence it?
In the last few years, there has been a significant expansion in the size of the cloud data warehouse market. It is projected to increase from $9.18 billion in 2024 to $11.56 billion in 2025, showcasing a compound annual growth rate (CAGR) of 26.0%. The considerable growth in the previous period can be linked to factors such as rising data volumes, changing workload patterns, issues related to data quality, the need for higher data ingestion rates, and infrastructure usage.
The market size of cloud data warehouse is predicted to witness significant rise in the coming period. The forecast suggests that it would elevate to $28.82 billion by 2029, growing at a compound annual growth rate (CAGR) of 25.6%. This augmentation during the predicted timeframe is due to increased corporate growth estimates, swift development of extensive cloud data warehouses, evolution of new data types, complexity of queries, and enhancement in the adoption of cloud facilities. The forecasted duration is set to observe major trends including the incorporation of hybrid cloud data warehousing, sophisticated data integration, the assimilation of blockchain, data mesh infrastructure, the transition from edge to cloud data processing, and the effects of quantum computing.
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What are the emerging trends shaping the future of the cloud data warehouse market?
Top firms in the cloud data warehouse market are concentrating on the creation of innovative technologies, such as next-generation data warehouses, to gain a competitive advantage. A next-generation data warehouse is a highly sophisticated platform that integrates state-of-the-art features like appliances, open-source technology, and cloud computing to effectively handle and scrutinize data. For instance, SAP SE, a software technology firm based in Germany, introduced the Datasphere in March 2023. This strives to provide companies with a more cohesive experience for data integration, warehousing, semantic modeling, cataloging, and virtualization. It offers fundamental capacities, including database security, encryption, and governance, which permit complex aggregations, time dependencies, data preview, business hierarchies, and more. Moreover, it includes a novel data catalog that serves as a centralized storehouse for data and metadata, ensuring data precision and thoroughness by providing lineage and governance.
What are the major segments of the cloud data warehouse market and their role in driving growth?
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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Which regions are key players in the growth of the cloud data warehouse market?
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.
Who are the key firms paving the way for growth in the cloud data warehouse market?
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
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What Is Covered In The Cloud Data Warehouse Global Market Report?
• Market Size Forecast: Examine the cloud data warehouse market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud data warehouse market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud data warehouse market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud data warehouse market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud data warehouse market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud data warehouse market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud data warehouse market.
• Competitive Landscape: Review strategic developments in the cloud data warehouse market, including expansions, agreements, and new product launches.
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