Press release
Data Warehouse As A Service Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Data Warehouse As A Service Market Size
The escalation in the need for a single, central location for data storage and maintenance is anticipated to stimulate the expansion of the data warehouse-as-a-service market. This heightening demand is the result of the significant generation of data that necessitates scalable and centralized storage solutions. The data warehouse-as-a-service market finds its application in centralized data storage to merge data from diverse sources like databases, applications, and files into a consolidated platform, thereby creating a centralized repository. For example, as per a report by Application Access Governance Information Technology Services, a UK-based firm that renders a comprehensive range of IT support and digital transformation services, about 60% of corporate data was stored in the cloud in January 2024 and there is an anticipated increase in cloud infrastructure expenditure by 23% in 2023. Therefore, it is this escalating need for centralized data storage that fuels the growth of the data warehouse-as-a-service market.
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What Is the projected market size and growth rate for the data warehouse as a service market?
In the past few years, the market for data warehouse as a service has seen a significant upswing. The market is projected to expand from $7.07 billion in 2024 to $8.55 billion in 2025, with a compound annual growth rate (CAGR) of 20.9%. The surge in growth during the historical period can be credited to the imperative need to upgrade customer experiences, a heightened demand for data security, increased usage of data warehouse services in the BFSI sector, ramped up adoption of cloud systems, escalating data manageability, and the mushrooming of big data inciting demand.
The anticipated exponential expansion of the data warehouse as a service market can be measured at a staggering $18.38 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 21.1%. Numerous factors contribute to this projected growth during the forecast period, such as the burgeoning need for centralized data storage, increased e-commerce operations, swift application of cloud-based solutions, and an emphasis on real-time data analysis. Furthermore, business intelligence and data analytics will likely wield significant influence on enterprise operations. Investments by data center companies in hyper-scale data centers are also on the rise. Key trends for the period encompass the integration of emerging technologies and single server solutions, heightened demand in the ICT industry, expanding government initiatives, escalating demand for cloud systems, increased reliance on data-driven decision-making, and technological advancements.
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What new trends are reshaping the data warehouse as a service market and its opportunities?
Leading firms in the data warehouse-as-a-service market, such as SAP SE, are creating groundbreaking solutions like SAP datasphere to overcome the hurdles of conventional data warehouses. These cloud-based offerings allow businesses to align their strategic data and enable decision-making processes. For instance, SAP SE, based in Germany, introduced SAP datasphere, a cloud-based data warehouse service in March 2023. This platform provides an all-inclusive solution that gathers and classifies metadata, thereby allowing companies to handle all system objects, access dependable data for quality modeling, and carry out data lineage and impact assessment. The updated SAP Datasphere catalogue becomes the central site for discovering, refining, publishing, and highlighting the firm's trusted data and analytical resources. Additionally, it introduces an effective data governance strategy.
What major market segments define the scope and growth of the data warehouse as a service market?
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
Subsegments:
1) By Enterprise Data Warehouse As A Service (DWaaS): Public Cloud DWaaS, Private Cloud DWaaS, Hybrid Cloud DWaaS
2) By Operational Data Storage: Data Lakes, Real-Time Data Warehousing, Historical Data Storage
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Which region dominates the data warehouse as a service market?
North America was the largest region in the data warehouse-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data warehouse as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the data warehouse as a service industry growth?
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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What Is Covered In The Data Warehouse As A Service Global Market Report?
• Market Size Forecast: Examine the data warehouse as a service market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data warehouse as a service market for a structured understanding.
• Key Players Overview: Analyze major players in the data warehouse as a service market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data warehouse as a service market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data warehouse as a service market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data warehouse as a service market.
• Industry Challenges: Identify potential risks and obstacles affecting the data warehouse as a service market.
• Competitive Landscape: Review strategic developments in the data warehouse as a service market, including expansions, agreements, and new product launches.
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