Data Warehouse-as-a-Service Market Share, Size, Trends, Industry Analysis Report, By Usage (Data Mining, Reporting, Analytics), By Deployment (Private Cloud, Public Cloud, Hybrid Cloud), By Application, By Vertical, By Region; Segment Forecast, 2022 - 2030
- Published Date:Jan-2022
- Pages: 110
- Format: PDF
- Report ID: PM2215
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global data warehouse-as-a-service market was valued at USD 4.60 billion in 2021 and is expected to grow at a CAGR of 22.8% during the forecast period. DWaaS (Data warehouse as a service) is an outsourcing method where the customer provides information and pays for its management, while the service provider configures & manages the hardware & software resources that are required by the information management system. The lucrative industry growth can be attributed to the rising demand for high speed and low latency analytics along with the growing role of business intelligence in the management of enterprises.
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The demand for DWaaS (Data warehouse as a service) is expected to grow on account of the rising volume of structured and unstructured statistics generated across various verticals such as BFSI, government, manufacturing, and others. The emergence of various innovative technologies such as AI (artificial intelligence), cloud, and IoT (internet of things) among others, is anticipated to offer huge growth opportunities for these services. Additionally, the move toward the use of AI and machine learning in computing solutions is projected to drive data warehouse-as-a-service market growth.
Various recent developments by key market players are anticipated to drive the demand for these services. For instance, in March 2020, the Google AI cloud platform was launched by Google in order to offer a design to deploy machine learning product pipelines. Additionally, strategic mergers & partnerships in the competitive landscape are anticipated to boost the industry growth. For instance, in September 2019, IBIOS IT partnered with IBM in order to deliver POWER9 solutions. Moreover, in May 2021, WPP partnered with Microsoft in order to transform content production with cloud studio.
The Covid-19 outbreak followed by the lockdown restrictions imposed by governments globally has negatively impacted the capital investments across various verticals. This in turn has hindered the growth of the DWaaS (Data warehouse as a service) market globally. As most of the enterprises operating across different verticals had to shut their operational and production facilities. Following the global crisis, the market has seen progressive growth on the back of augmented digital transformation. On the positive side, due to the spread of the virus, businesses globally are embracing innovative technologies such as cloud computing and are migrating to cloud data warehouses. Furthermore, the increasing focus on remote work environments is anticipated to provide huge growth opportunities for the data warehouse-as-a-service market.
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Industry Dynamics
Growth Drivers
DWaaS deployments are anticipated to grow over the coming years as they reduce the upfront costs & also offer flexibility when compared to legacy facts warehouses. The growing role of data analytics and business intelligence across enterprise management is anticipated to drive the growth of the global data warehouse-as-a-service market. The exponential growth of statistics requires best-in-class data analytics in order to derive meaningful insights. Business Intelligence has three activities that include information storage, information wrangling, and data analysis. The data warehouse is the backbone for storage. As more and more enterprises are adopting cloud technology, there is a growth in the adoption of BI solutions.
The main functions of BI solutions include data visualization and analytics among others. The rising utilization of these BI tools is anticipated to drive the demand for DWaaS globally. Furthermore, with the lucrative growth in the data volumes along with the increasing complexity levels in IT infrastructure, enterprises are trying to focus more on business functioning when compared to IT infrastructure. Thus increasing the demand for DWaaS (Data warehouse as a service) for the focus towards IT infrastructure. Additionally, the rapid deployment of cloud data warehouses is expected to provide huge growth opportunities to the global market.
Report Segmentation
The market is primarily segmented on the basis of usage, deployment, application, vertical and region.
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By Usage |
By Deployment |
By Application |
By Vertical |
By Region |
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Insight by Type
The BFSI (Banking, financial services, and insurance) segment holds the largest share of the global market, as this sector deals with a huge amount of customer information that is generated on a regular basis. Due to this huge amount of structured and unstructured information, the enterprises in the BFSI sector require data warehousing solutions in order to automatically track the behavior and performance of the information that is stored in their systems. Further, they have need analytics in order to develop business strategies and to improve their operational performance. For instance, banks such as Morgan Stanley, Credit Suisse, and Bank of America among others are incorporating strategies around Big Data. The financial consulting companies globally are adopting DWaaS (Data warehouse as a service) to free themselves from the complexities of updating their on-premise software & hardware.
Moreover, the healthcare and life sciences segment is expected to have the highest CAGR in the global market. The healthcare industry is undergoing extensive technological development. Initially, due to the statistics complexities and the variety of clinical information, the adoption of DWaaS (Data warehouse as a service) solutions was comparatively slow. However, the increasing adoption of innovative technology and the rising usage of DWaaS solutions has fueled the demand in this segment.
Insight by Deployment
The public cloud segment is recorded with the largest share, in 2020, and is expected to lead the market in the forecasting years. This huge market share can be attributed to the ongoing strategic moves by prominent organizations such as mergers and partnerships. Furthermore, the rising investments in new remote working infrastructure are anticipated to drive the growth of the segment. The hybrid cloud segment is projected to witness fast growth in the global market during the forecast period, as it has the potential to improve business continuity and scalability and save operating costs. These benefits are estimated to drive the segment growth over the coming years.
Geographic Overview
Geographically, North America dominates the global market on account of the early adoption of the data warehouse as a service. The adoption of innovative technologies such as cloud data warehouse solutions along with mergers & partnerships among prominent companies in the region is anticipated to drive the growth of these services in the region. For instance, in October 2019, Snowflake and Next Pathway, came into a strategic partnership in order to accelerate the migration to Snowflake from legacy data warehouses. Furthermore, the availability of innovative & technologically advanced data warehouse infrastructure in the region is expected to boost the demand. Organizations across the United States are quick to adopt analytics solutions across various verticals including retail, BFSI, healthcare, and others. The emergence of cloud solution providers and the growing demand for managing operational information is expected to drive the growth of the market in the region.
Moreover, Asia Pacific is expected to grow at the highest CAGR across the globe in the approaching years. The growing technological advancements and investments across various verticals in developing countries such as China and India are anticipated to drive the growth of the segment. Furthermore, the lower operational costs and higher productivity offered by companies in the region are predicted to give major concerns to various big players of the global market. Companies in the Asia Pacific region are focusing on improving their customer service which leads to better customer retention.
Competitive Insight
Some of the major players operating the global market include Actian Corporation, Amazon Web Services, AtScale, Google, Hortonworks, Mark Logic Corporation, Micro Focus, Microsoft Corporation, Netavis GmbH, Oracle Corporation, SAP SE, Teradata Corporation, Veeva Systems Inc.
Data Warehouse-as-a-Service Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 4.60 billion |
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Revenue forecast in 2030 |
USD 27.10 billion |
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CAGR |
22.8% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
By Usage, By Deployment, By Application, By Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Actian Corporation, Amazon Web Services, AtScale, Google, Hortonworks, Mark Logic Corporation, Micro Focus, Microsoft Corporation, Netavis GmbH, Oracle Corporation, SAP SE, Teradata Corporation, Veeva Systems Inc. |
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