Data Warehouse as a Service Market Trends, Share, Industry Size, Growth, Opportunities and Industry Forecast to 2027 | Impact of COVID-19

 Market Highlights

According to Market Research Future (MRFR) analysis, the global data warehouse as a service market is expected to reach USD 4.69 billion with a CAGR of 21.4% from 2019 to 2024 (forecast period). Adapting to the novel COVID-19 pandemic, the impact of COVID-19 pandemic on the global data warehouse as a service market is included in this report. The effect of the novel coronavirus pandemic on the growth of the global data warehouse as a service market is assessed and outlined in the report.

DWaaS are gaining popularity among data scientists, business analysts, industrialists, and decision-makers. DWaaS utilizes SQL, business intelligence and data analytics for application purpose. The insights from DWaaS allow business to asses and monitor performance. The rise of cloud computing has made a tremendous impact on the DWaaS market.  Most DWaaSs are accessible via cloud servers.

The rising volume of unstructured data is driving the need for effective data management solution, which is creating attractive market opportunities. Service providers are actively focusing on introducing innovative solutions and serviced. In addition, a strong R&D pipeline indicated towards a positive outlook for the market during the review period. Industry trends such as effort on service improvement, increasing merger & acquisition activities, and collaboration & partnerships are also expected to favourably on the market in the forthcoming years. Nevertheless, issues pertaining to data theft and privacy breach remain a major challenge for service providers.

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Segmentation:

The global market for DWaaS has been segmented based on usage, deployment, organization size, application, and vertical.

Based on usage, the global market for DWaaS has been divided into data mining, reporting, and analytics.

Based on deployment mode, the global market for DWaaS has been classified as private cloud, public cloud, and hybrid cloud.

Based on organization size, the global market for DWaaS has been divided into small and medium-sized enterprises (SMEs) and large enterprises.

Based on application, the global market for DWaaS has been segmented into fraud detection and threat management, risk and compliance management, supply chain management, asset management, customer analytics, and others.

Based on vertical, the global market for DWaaS has been divided into banking, financial services and insurance (BFSI), government and public sector, retail & e-commerce, telecommunication and IT, healthcare and life sciences, manufacturing and automotive, travel and hospitality, media and entertainment, and others.

Global Data Warehouse as a Service Market: Regional Analysis

Asia Pacific, Europe and North America are among the key regions that have been covered in the report. North America is expected to dominate the global data warehouse as a service market during the forecast period. The North America market is expected to be led by the US, which is home to a large number of service providers. Early adoption and presence of a cutting-edge infrastructure are other factors that are providing an impetus to the market in North America. Moreover, the region is home to some of the leading technology companies, which puts it at a favourable position. Meanwhile, Europe has emerged as the second largest market for data warehouse as a service. The BFSI sector in the region is a primary user of DWaaS, which is contributing to the market growth. The APAC DWaaS market is projected to exhibit the highest CAGR during the assessment period. The market growth in the region is mainly driven by factors such as rapid growth of end-use industries, increasing number of internet user and improved network structures.

Global Data Warehouse as a Service Market: Competition Analysis

Some of the leading companies functioning in the market include Amazon Web Services (US), SAP SE (Germany), IBM Corporation (US), Teradata Corporation (US), Hortonworks (US), Micro Focus (UK), Netavis Software GmbH (Austria), These include Microsoft Corporation (US), Snowflake Inc. (US), Oracle Corporation (US), Actian Corporation (US), Google (US), MarkLogic Corporation (US), Veeva Systems Inc. (US), and AtScale, Inc. (US).

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Data Warehouse as a Service Market Research Report: by Usage (Data Mining, Reporting, Analytics), Deployment, Organization Size, Application (Fraud Detection, Asset, Risk and Compliance Management, Customer Analytics), Vertical - Forecast till 2024

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