Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.03 Billion | USD 30.37 Billion | 22.1% | 2023 |
According to the report published by Zion Market Research, the global Data Warehouse as a Service (DWaaS) Market size was valued at USD 5.03 Billion in 2023 and is predicted to reach USD 30.37 Billion by the end of 2032. The market is expected to grow with a CAGR of 22.1% during the forecast period.
The report analyzes the global Data Warehouse as a Service (DWaaS) Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Data Warehouse as a Service (DWaaS) industry.
A data warehouse is a channel that expedites the organization of data from privacy data warehouses altogether. Data warehouse as a service (DWaaS) assists organizations in streamlining the management, administration, and tuning activities. It is a convenient and cost-effective option. However, it also leads to the deployment of individual analytical capability for organizations. It is an outsourcing model where the service provider manages and configures the software as well as hardware resources which a data warehouse requires. Also, the user gives the data and pays the money for managed services.
One of the major factors driving the growth of the global data warehouse as a service (DWaaS) market is the increasing demand for high-speed and low latency analytics all across the globe. The growing role of business intelligence in organization management across the business ecosystem will further leverage the growth of the global data warehouse as a service (DWaaS) market significantly during the forecast period. Also, the demand for data warehouse services is escalating due to the significant spike in the volume of unstructured and structured data generated all across the different end-user sectors like the public, government, e-commerce, and retail sector.
Organizations are using analytic tools, dashboards, and reports to extract various useful insights from the data sets that help them in monitoring the business performance and improve the quality of decisions. The growing regulatory compliance is likely to further propel the adoption of data warehouses as a service solution vigorously during the forecast period.
The global data warehouse as a service (DWaaS) market can be segmented into end-user, organization size, deployment model, usage, application, type, and region.
By end-user, the market can be segmented into government & public sector, media & entertainment, manufacturing, travel & hospitality, telecom & IT, healthcare & pharmaceutical, retail, e-commerce, BFSI, and others.
By organization size, the market can be segmented into large enterprises and small & medium enterprises.
By deployment model, the market can be segmented into hybrid, private, and public deployment models. The private cloud segment holds the largest share in the global data warehouse as a service (DWaaS) market as it offers easy management coupled with better control over enterprise applications and data. Organizations are adopting private cloud to gain a comprehensive view of their supply chain process and improved insights on managing the value chain including the transportation, logistics, distributors, and suppliers efficiently.
By usage, the market can be segmented into data mining, reporting, and analytics.
By application, the market can be segmented into fraud detection & threat management, supply chain management, asset management, risk & compliance management, customer analytics, and others. The fraud detection & threat management segment accounts for the largest share in the global data warehouse as a service (DWaaS) market.
By type, the market can be segmented into operational data stores and enterprise DWaaS. The enterprise DWaaS segment holds hegemony over the other.
Report Attributes | Report Details |
---|---|
Report Name | Data Warehouse as a Service (DWaaS) Market |
Market Size in 2023 | USD 5.03 Billion |
Market Forecast in 2032 | USD 30.37 Billion |
Growth Rate | CAGR of 22.1% |
Number of Pages | 215 |
Key Companies Covered | Neo4j Inc., Veeva Systems Inc., Huawei Technologies Co. Ltd., Cazena Inc., PHEMI Systems Corporation, Accur8 Software, Informatica LLC, Transwarp Technology (Shanghai) Co. Ltd., MarkLogic Corporation, Netavis Software GmbH, LUX Fund Technology & Solutions Inc., Panoply Ltd., MemSQL Inc., Yellowbrick Data Inc., Actian Corporation, Pivotal Software Inc., Solver Inc., Cloudera Inc., Alibaba Group Holding Ltd., 1010data Inc., Oracle Corporation, AWS Inc., Micro Focus International plc, Microsoft Corporation, Snowflake Inc., SAP SE, Google LLC, Teradata Corporation, and International Business Machines (IBM) Corporation |
Segments Covered | By end-user, By organization size, By deployment model, By usage, By application, By type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global data warehouse as a service (DWaaS) market due to the high adoption rate of the data warehouse as a service solution. Moreover, the presence of prominent market players in the region is also propelling the growth of the regional market.
Asia Pacific is expected to witness huge growth during the forecast period due to the growing number of startups and online businesses in the region.
The global data warehouse as a service (DWaaS) market is led by players like:
By Type
By Application
By Deployment Model
By Usage
By End-User
By Organization Size
Global Data Warehouse as a Service (DWaaS) Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
A data warehouse is a channel that streamlines the organization of data from privacy data warehouses. The management, administration, and refining activities of organizations are streamlined by data warehouse as a service (DWaaS). It is a cost-effective and convenient alternative.
The growing demand for high-speed and low latency analytics on a global scale is one of the primary factors driving the expansion of the global data warehouse as a service (DWaaS) market. The global data warehouse as a service (DWaaS) market will experience substantial growth during the forecast period due to the expanding role of business intelligence in organization management throughout the business ecosystem.
According to the report published by Zion Market Research, the global Data Warehouse as a Service (DWaaS) Market size was valued at USD 5.03 Billion in 2023 and is predicted to reach USD 30.37 Billion by the end of 2032.
The market is expected to grow with a CAGR of 22.1% during the forecast period.
North America accounts for the largest share in the global data warehouse as a service (DWaaS) market due to the high adoption rate of the data warehouse as a service solution. Moreover, the presence of prominent market players in the region is also propelling the growth of the regional market.
Neo4j Inc., Veeva Systems Inc., Huawei Technologies Co. Ltd., Cazena Inc., PHEMI Systems Corporation, Accur8 Software, Informatica LLC, Transwarp Technology (Shanghai) Co. Ltd., MarkLogic Corporation, Netavis Software GmbH, LUX Fund Technology & Solutions Inc., Panoply Ltd., MemSQL Inc., Yellowbrick Data Inc., Actian Corporation, Pivotal Software Inc., Solver Inc., Cloudera Inc., Alibaba Group Holding Ltd., 1010data Inc., Oracle Corporation, AWS Inc., Micro Focus International plc, Microsoft Corporation, Snowflake Inc., SAP SE, Google LLC, Teradata Corporation, and International Business Machines (IBM) Corporation.
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