Research Nester published a report titled “Data Warehouse as a Service (DWaaS) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobaldata warehouse as a service (DWaaS) market in terms of market segmentation bydeployment, application, end user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global data warehouse as a service (DWaaS) market is estimated to occupy a large amount of revenue by growing at a CAGR of ~22% during the forecast period, i.e., 2022 – 2031, ascribing to the growing number of enterprises, and increasing advancements in the internet of things technology worldwide. Along with these, rising role of data analytics and business intelligence among companies, and generation of large amount of structured and unstructured data from various industries are also expected to accelerate the growth of the market in the forthcoming years.
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The market is segmented by deployment, application and end user industry. Based on deployment, the public cloud segment is anticipated to acquire the largest share during the forecast period on the back of the ease of use, and increased control over corporate data applications provided by this type of cloud. Additionally, by end user industry, the healthcare segment is projected to observe robust growth over the forecast period attributing to the surging utilizationof DWaaS solutions in administrative and clinical areas of a healthcare facility.
Geographically, the global data warehouse as a service (DWaaS) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the escalating investments for deployment of data warehouses in several industries in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period ascribing to the early implementation of data warehouses as businesses, and strong presence of major market players in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Role of Data Analytics and Business Intelligence Among Enterprises to Accelerate Market Growth
Business intelligence offers various functionalities, such as data visualization, BI/OLAP tools, and analytics, for deriving meaningful insights, owing to which it is widely being adopted by companies. As implementation of business intelligence is not possible without data warehouses, which in turn is predicted to drive market growth significantly in the near future.
However, lack of proper structure for access controlis expected to operate as a key restraint to the growth of the global data warehouse as a service (DWaaS) market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global data warehouse as a service (DWaaS) market which includes company profiling ofGoogle, LLC, IBM Corporation, Microsoft Corporation, SAP SE, AtScale, Inc., Teradata Corporation, Oracle Corporation, Amazon Web Services, Inc., Actian Corporation, Veeva Systems Inc.,and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data warehouse as a service (DWaaS) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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