Data Warehouse as a Service Market Size & Share, by Deployment (Public Cloud, Private Cloud, Hybrid Cloud); Application (Data Mining, Reporting, Analytics); End-user (BFSI, IT & Telecom, Government, Retail, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3880
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Data Warehouse as a Service Market size is projected to reach USD 31 billion by the end of 2035, expanding at a CAGR of 22% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of the data warehouse as a service was about USD 5 billion. The growth of the sector is set to be influenced by the increase in the amount of data. Every year about 327 million terabytes of data all across the world are created. Hence, in order to store data efficiently the need for a data warehouse as a service is growing.

For companies without the funds to invest in pricey infrastructure or software, a data warehouse as a service is a great alternative. Businesses that use DWaaS might save a sizable sum of money by only paying for those assets they really use. In addition, organizations have no need to fret about maintaining hardware or software since data is stored in the cloud, which may free up personnel to concentrate on other aspects of the business.


Data Warehouse as a Service Market
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Data Warehouse as a Service Sector: Growth Drivers and Challenges

Growth Drivers

  • Need to Enhance Customer Experience

In order to enhance the experience of the customer historical data could be utilized. In order to give a better customer experience, the data warehouse has completely changed the means by which service models are created and deployed. Companies could analyze the stored data in the warehouse and further might make changes in their service in order to satisfy customers.

  • Growing E-Commerce Activity

Currently, there are approximately 3 billion digital consumers which equates to about 32% of the population doing online shopping around the world. Hence, the demand for DWaaS is on the rise. Moreover, e-commerce stores supervise a lot of sensitive data, such as credit card details and client contact information, thus rendering them a tempting target for criminals. Furthermore, e-commerce enterprises may be subject to legislation that includes the GDPR or CCPA that governs the manner in which they handle, process, and keep this information. Hence, it makes it easy for e-commerce organizations to protect sensitive data by storing it in the data warehouse.

  • Surge in the Use of AI in DWaaS

Data cleansing in data warehousing is increasingly being automated using artificial intelligence (AI). By utilizing AI to find and eliminate errors, inconsistencies, and missing data from a data warehouse, automated data cleansing, also known as data preparation, makes sure that the data is correct and trustworthy.

Challenges

  • Rise in Cyber Attacks - Security is crucial since the DWaaS's data is sensitive and crucial to its operation. Cyber attackers continuously develop new ways to undermine cloud security, necessitating ongoing innovation in security practices. Additionally, although DWaaS suppliers also need to continue developing solutions to this issue, the majority of security breaches are caused by customer negligence. Hence, all this factor is estimated to hinder the market demand.
  • Inefficient Architecture & Data Rigidity
  • High Cost of Data Warehouse as a Service (DWaaS)  

Data Warehouse as a Service Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~22%

Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2035)

~ USD 31 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Data Warehouse as a Service Segmentation

End User Industry (BFSI, IT & Telecom, Government, Retail, Healthcare)

Data warehouse as a service market from the BFSI segment is poised to garner revenue of approximately USD 15 Billion by the end of 2035. One of the primary industries using the DWaaS is banking, financial services, and insurance, or BFSI.  The need to reduce losses due to false/faulty claims, phishing attacks, and cyber-attacks is rapidly growing in the BFSI market. These solutions are commonly used to carry out predictive fraud analysis, increase security, and spot fake or incorrect claims. Another important application for DWaaS is the calculation and communication of numerical values for variables including the possibility that a policy would result in a claim, credit/investment risks, and potential earnings.

Deployment (Public Cloud, Private Cloud, Hybrid Cloud)

The hybrid cloud segment is estimated to hold about 50% share of the global data warehouse as a service market during the forecast period. Given that it has a chance to provide business continuity, scalability, and reduce operational costs, the hybrid cloud sector is anticipated to experience rapid expansion in the global market throughout the forecast period. Over the upcoming years, segment expansion is anticipated to be driven by these advantages.

Our in-depth analysis of the global market includes the following segments:

 

Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

 

Application

  • Data Mining
  • Reporting
  • Analytics

 

 

End User Industry

  • BFSI
  • IT & Telecom
  • Government
  • Retail
  • Healthcare

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Data Warehouse as a Service Industry- Regional Synopsis

North American Market Forecasts

The data warehouse as a service market in North America is poised to generate revenue of about USD 20 Billion by the end of 2035, backed by the growing adoption of cloud technology including public cloud as well as private cloud. Additionally, the availability of cutting-edge data warehousing infrastructure-as-a service in the region is anticipated to increase demand. Analytics solutions are quickly being adopted by businesses nationwide, especially in industries including retail, BFSI, healthcare, and others. The region's market is anticipated to increase as a result of the presence of cloud solution providers and the rising demand for managing operational information.

APAC Market Statistics

The data warehouse as a service market in Asia Pacific is set to have significant growth over the forecast period. It is projected that the category would grow as a result of the expanding technology developments and investments across several verticals in developing nations including China and India. It is projected that the category would grow as a result of the expanding technology developments and investments across several verticals in developing nations including China and India. Additionally, a number of key competitors in the worldwide market are expected to have serious issues due to the lower operational costs and higher productivity provided by businesses in the region. Companies in the Asia Pacific region are concentrating on enhancing customer service, which leads to higher customer retention.

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Data Warehouse as a Service Market Size
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Companies Dominating the Data Warehouse as a Service Landscape

top-features-companies
    • Google, LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance
      • Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • IBM Corporation
    • Microsoft Corporation
    • SAP SE
    • AtScale, Inc.
    • Teradata Corporation
    • Oracle Corporation
    • Amazon Web Services, Inc.
    • Actian Corporation
    • Veeva Systems Inc.

In the News

  • Actian delivered its hybrid cloud data warehouse platform Avalanche’ on Google Cloud. The service is launched with the aim to provide customers with an easy-to-deploy solution that delivers breakthrough performance at scale.
  • Oracle announced a set of updates to its Oracle Autonomous Data Warehouse by offering no-code tools that can help data analysts to do tasks that previously required data engineers and data scientists.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3880
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are need to enhance customer experience, growing e-commerce activity, and surge in use of AI in DWaaS.

The market size of data warehouse as a service is anticipated to attain a CAGR of 22% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Google, LLC, IBM Corporation, Microsoft Corporation, SAP SE and others.

The hybrid cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Data Warehouse as a Service Market Report Scope
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