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Major Growth Driver Identified in 2025 Cloud Data Warehouse Market: IoT-Connected Devices Fueling Cloud Data Warehouse Market Expansion
Cloud Data Warehouse
Cloud Data Warehouse Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for cloud data warehousing has experienced remarkable growth over the last few years. It is projected to rise from $9.18 billion in 2024 to $11.56 billion in 2025, representing a compound annual growth rate (CAGR) of 26.0%. The notable growth during the historic period can be associated with factors such as the surge in data volume, an increase in workload patterns, issues related to data quality, an escalated demand for data ingestion rate, and improved infrastructure utilization.
Cloud Data Warehouse Market Size Forecast: What's the Projected Valuation by 2029?
It is projected that the cloud data warehouse market will undergo substantial expansion in the coming years, eventually reaching $28.82 billion by 2029, with a compound annual growth rate (CAGR) of 25.6%. Various factors contributing to this ascension during the forecast period include the growing business scale, the increasing complexity of emerging data types and queries, as well as the rapid implementation of large-scale cloud data warehouses aided by the rising acceptance of cloud services. Noteworthy developments for the forecast period encompass hybrid cloud data warehousing, enhanced data integration, blockchain compatibility, data mesh architecture, data processing from edge to cloud, and the influence of quantum computing.
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What Are the Drivers Transforming the Cloud Data Warehouse Market?
The surge in IoT-connected devices is predicted to drive the expansion of the cloud data warehouse market. These IoT-connected devices are physical entities equipped with sensors, software, and connectivity capabilities, permitting data interchange and interaction with other internet-connected devices or systems. The rise in IoT-connected devices can be attributed to various factors such as enhanced efficiency and automation, better decision making, energy efficiency, development of smart cities, healthcare innovations, and environmental monitoring. Cloud data warehouses offer immense scalability, enabling organizations to efficiently up-scale their storage and processing power to handle the increasing data volume emitted by IoT devices. For instance, IOT Analytics, a Germany-based industrial automation company, reported in May 2023 that the worldwide count of IoT devices increased by 18% in 2022 to 14.3 billion from 16.7 billion. Consequently, the burgeoning number of IoT-connected devices is steering the growth of the cloud data warehouse market.
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What Long-Term Trends Will Define the Future of the Cloud Data Warehouse Market?
Leading corporations in the cloud data warehouse market have shifted focus towards the development of novel technologies such as next-generation data warehouses aiming towards gaining a competitive advantage. These new generation data warehouses combine the features such as appliances, open-source technology and cloud computing to effectively manage and analyze data. Notably, In March 2023, a Germany based software technology firm, SAP SE, introduced Datasphere. Its goal is to offer businesses a more comprehensive experience spanning data integration, warehousing, semantic modeling, cataloging, and virtualization. It comes with base features like database security, encryption, and governance, which supports intricate aggregations, time dependencies, data previews, business hierarchies, and beyond. Crucially, it incorporates a fresh data catalog serving as a central repository for data and metadata, which ensures lineage and governance for data accuracy and completeness.
Which Segments in the Cloud Data Warehouse Market Offer the Most Profit Potential?
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 Firms Dominate the Cloud Data Warehouse Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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