Harnessing the Power of Data Warehouse as a Service (DWaaS) Market: Future Market Insights, Inc. Report

According to forecasts, the market for data warehousing as a service will be worth US$ 5,484.9 million in 2023 and US$ 41,511.6 million in 2033. From 2018 to 2022, the global industry experienced a CAGR of 20.3% growth.

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 In contrast to this, less qualified workers and significant investments in outdated systems are limiting the worldwide market.

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: 

  • 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. 

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Effective Approaches by Key Players 

Key organizations have adopted efficient solutions to defend corporate data from threats. The company’s data warehouse stores organized and vital data for the firm. Due to benefits like enterprise-grade security, low latency, scalability, and high availability, businesses from multiple industries are using various data warehouse services. 

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. 

Key Segments

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)

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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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