Market Research Future (MRFR) has published a cooked research report on the “Global Data Warehouse as a Service Market” that contains information from 2023 to 2030. The Global Data Warehouse as a Service Market is estimated to register a CAGR of 21.90% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Data Warehouse as a Service Market— MarkLogic Corporation, SAP SE, Google, Netavis Software GmbH, Amazon Web Services, Actian Corporation, IBM Corporation, Microsoft Corporation, and Hortonworks.
Data Warehouse as a Service Market Overview
The Global Data Warehouse as a Service Market is accounted to register a CAGR of 21.90% during the forecast period and is estimated to reach USD 8.79 Billion by 2032.
The Global Data Warehouse as a Service (DWaaS) Market refers to the industry segment that provides cloud-based solutions for data warehousing. A data warehouse is a central repository that stores and manages large volumes of structured and sometimes unstructured data, collected from various sources within an organization.
The growth of the Global Data Warehouse as a Service Market is driven by the increasing need for efficient data management, analytics, and the trend toward cloud adoption. Organizations are recognizing the benefits of offloading the complexities of managing data warehousing infrastructure, allowing them to focus on extracting meaningful insights from their data to stay competitive in the evolving business landscape.
Segment Analysis
The Global Data Warehouse as a Service Market has been segmented based on service usage and application.
On the basis of service usage, the market is segmented into Data Mining, Reporting and Analytics. Due to the increasing demand for real-time data analytics, the analytics segment dominated the market. The implementation of analytics data in an enterprise complements the existing data infrastructure and supports the needs of the enterprise.
Based on application, the market has been segmented into Fraud Detection, Asset, Risk and Compliance Management and Customer Analytics. The fraud detection category generated the most income. The demand for fraud detection in the data warehouse as a service market is driven by the adoption of cloud-based, cost-effective solution, fueling segment expansion.
Regional Analysis
The Global Data Warehouse as a Service Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Data Warehouse as a Service Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Data Warehouse as a Service Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Data Warehouse as a Service Market comprises of Middle East, Africa, and Latin America.
North America, particularly the United States, has been a significant adopter of cloud-based technologies, including DWaaS. The presence of major cloud service providers and tech-savvy enterprises has fueled the growth of the DWaaS market in this region.
European countries have also shown substantial interest in DWaaS. The European Union's General Data Protection Regulation (GDPR) has also influenced the adoption of secure and compliant data storage solutions like DWaaS.
The Asia-Pacific region has witnessed increasing adoption of DWaaS as organizations across various industries, including e-commerce, manufacturing, and telecommunications, look to harness the power of data for insights and innovation.
Furthermore, the rest of the world's Global Data Warehouse as a Service Market is divided into the Middle East, Africa, and Latin America. While adoption may have been slower compared to North America and Europe, Latin American organizations have started to recognize the benefits of cloud-based data warehousing. Small to medium-sized enterprises (SMEs) seeking to avoid upfront infrastructure costs and enterprises looking for rapid deployment options have contributed to the demand for DWaaS solutions in this region.
Key Findings of the Study
- The Global Data Warehouse as a Service Market is expected to reach USD 8.79 Billion by 2030, at a CAGR of 21.9% during the forecast period.
- North America, particularly the United States, has been a significant adopter of cloud-based technologies, including DWaaS. The presence of major cloud service providers and tech-savvy enterprises has fueled the growth of the DWaaS market in this region.
- Based on application, the market has been segmented into Fraud Detection holding the largest market in 2022.
- MarkLogic Corporation, SAP SE, Google, Netavis Software GmbH, Amazon Web Services, Actian Corporation, IBM Corporation, Microsoft Corporation, and Hortonworks.
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Companies Covered | 15 |
Pages | 110 |
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