Press release
2025 Data Warehouse As A Service Market Outlook: Key Indicators Shaping Growth Through 2034
Data Warehouse As A Service
What Will the Data Warehouse As A Service Industry Market Size Be by 2025?
The market size for Data Warehouse as a Service (DWaaS) has seen significant expansion in the last few years. It is projected to escalate from $7.07 billion in 2024 to $8.55 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 20.9%. Historical growth is linked to the desire to improve customer interactions, heightened demand for data protection, increased utilization of data warehouse services within the BFSI sector, the rising adoption of cloud-based systems, improved data manageability practices, and the spreading influence of big data, all of which drive up demand.
What's the Long-Term Growth Forecast for the Data Warehouse As A Service Market Size Through 2029?
Expectations are high for the data warehouse as a service market size to explode in scale over the next few years, with projections indicating that it could reach $18.38 billion by 2029 with a compound annual growth rate (CAGR) of 21.1%. The anticipated growth in this specific time frame can be accredited to factors such as the surge in centralized data storage demand, an increase in e-commerce operations, swift adoption of cloud-powered solutions and a concentrated emphasis on real-time data examination, data analytics, and business intelligence, all crucial in effective enterprise management. The ongoing large-scale investments from data center corporations into hyper-scale data centers are another contributing factor. Key trends predicted for the said period take into account the assimilation of new technologies and standalone server solutions, an escalating demand within the ICT industry, proliferating governmental initiatives, swelling demand for cloud-based systems, increased need for data-driven decision making and technological advancements.
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What Are the Key Growth Drivers Fueling the Data Warehouse As A Service Market Expansion?
The escalating need for centralized data storage is predicted to boost the advancement of the data warehouse-as-a-service market in the future. Centralized data storage pertains to storing and preserving data in a singular, main location. The creation of vast volumes of data necessitates scalable and centralized storage solutions. The data warehouse-as-a-service market comes into play in centralized data storage by integrating data from various sources (applications, databases, files) onto one unified platform, thereby forming a centralized database. For example, a report by Application Access Governance Information Technology Services in January 2024, a company based in the UK providing comprehensive IT support and digital transformation services, indicated that about 60% of corporate data was stored in the cloud. The projected increase in cloud infrastructure expenditure is about 23% in 2023. Consequently, this escalating need for centralized data storage is propelling the growth of the data warehouse-as-a-service market.
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What Are the Key Trends Driving Data Warehouse As A Service Market Growth?
Leading firms in the data warehouse-as-a-service market, such as SAP, are introducing innovative solutions like SAP datasphere. These solutions address the issues associated with conventional data warehouses and utilize the cloud to consolidate strategic data, aiding in decision-making processes. In March 2023, SAP SE, a software corporation based in Germany, rolled out its SAP datasphere, a cloud-backed data warehouse service. The service provides a holistic solution for gathering and organizing metadata, enabling firms to manage every system object, attain trustworthy data for quality modeling, and carry out data lineage as well as impact analysis. SAP Datasphere catalogue, the latest offering, serves as a central hub for finding, enhancing, publicizing, and advancing the company's reliable data and analytic assets. It also provides a robust approach towards data governance.
How Is the Data Warehouse As A Service Market Segmented?
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 Companies Are Leading the Charge in Data Warehouse As A Service Market Innovation?
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
Which Regions Are Leading the Global Data Warehouse As A Service Market in Revenue?
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.
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