The global data warehouse as a service market is expected to generate sales of approximately US$ 5,484.9 million. Over the next decade, from 2023 to 2033, the demand for these services is projected to grow at a steady annual rate of 22.4%, reaching an estimated value of US$ 41,511.6 million by 2033.
Data warehouses as a service are being heavily used by financial consulting businesses to relieve them of the burden of having to update their on-premise software on a regular basis. Furthermore, customers may access services from anywhere with quick internet connectivity, which is driving up demand for data warehousing as a service in the BFSI sector. In contrast to this, less qualified workers and significant investments in outdated systems are limiting the worldwide market.
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17159
Potential Market Opportunity
During the forecast period, the market is estimated to witness significant growth due to the factors such as
- Rising investments in machine learning and artificial intelligence (AI).
- The growing BYOD (Bring Your Own Device) trend.
- The use of AI in numerous industry verticals.
Key Takeaways from the Data Warehouse as a Service (DWaaS) Market Report:
- By 2033, the data warehouse as a service market in the United Kingdom is likely to expand, with a CAGR of 21.6%.
- In 2022, the United States dominated the data warehouse as a service sector, with a share of 17.3%.
- The DWaaS market was significantly expanding, with a size of US$ 4,540.5 million in 2022.
- By 2033, the data warehouse as a service market in China is likely to expand, with a CAGR of 21.7%.
- In 2022, Australia expanded the DWaaS business, with an expected share of 4.3%.
- The market is anticipated to expand at a US$ 10,058.03 million valuation by 2026, with rising cloud solutions.
- By 2033, India is projected to expand significantly in the data warehouse as a service market, with a share of 22.6%.
- Japan’s data warehouse as a service industry share expanded significantly, with a 6.8% share in 2022.
- In 2022, the enterprise DWaaS dominated the market with a share of 54.8%. It is anticipated to control the market by 2033 in terms of type.
- Based on application, business intelligence dominated the market with a share of 26.5% in 2022.
Leading Key Players:
- Amazon Inc
- IBM Corp
- Microsoft Corp
- Google LLC
- Oracle Systems Corp.
- SAP SE
- Snowflake Computing Inc.
- Micro Focus International Plc
- Teradata Corp
- Cloudera Inc.
- Pivotal Software Inc.
- Yellowbrick Data Inc.
- Veeva Systems Inc.
- Actian Corp.
- Marklogic Corp.
- Netavis Software
- Accur8 Software Solutions LLC
Seize this Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/17159
Recent Developments:
- Amazon Web Services and HCL Technologies joined forces in June 2022. HCL can provide enterprise data warehousing solutions that are scalable, economical, and high-performing thanks to AWS.
- HCL Technologies receives data-driven business insights from Amazon Redshift that are supported by cutting-edge AI/ML capabilities. It is to enhance decision-making, and operational effectiveness, and accelerate time to market.
- The Vertical Accelerator, a brand-new, comprehensive software-as-a-service (SaaS) offering, became publicly accessible in September 2021, according to Vertica Systems, a provider of analytical database management software with a United States base.
Data Warehouse as a Service (DWaaS) Market Segmentation:
By Type:
- Enterprise DWaaS
- Operational data storage
By Application:
- Customer Analytics
- Operational Analytics
- Business Intelligence
- Predictive Analytics
- Data Modernization
By Vertical:
- BFSI
- Energy and utilities
- IT and ITeS
- Media and Entertainment
- Retail and consumer goods
- Healthcare and life sciences
- Government and public sector
- Manufacturing
- Others
By Deployment Mode:
- Public Cloud
- Private Cloud
By Organization Size:
- Large Enterprises
- SMEs
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
