Data Warehouse as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Data Warehouse as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Technology & Media | PPT format

Report Digest


Data warehousing is increasingly gaining traction as it offers a wide range of advantages that computer resources and on-site storage can’t match. As companies are becoming highly data-driven, organizational leaders as well as top managers require in-depth analysis related to different aspects of business. With the speed of business today, employees can’t sit back and wait for an IT technician to provide data from data warehouse so they can start with their analysis.

With data warehouse as a service, businesses don’t need to worry about data warehouse set up and management as the service provider takes care of all management and administration. Companies are increasingly adopting data warehouse as a service as it sets them free from the burden of updating software. Moreover, they can access data warehouse as a service anywhere if they have access to Internet connection, which in turn is adding gains into data warehouse as a service market.

As data warehouse as a service performs data administration and management, companies don’t need to worry about staffing data warehouse, which in turn is making data warehouse as a service an optimal choice for firm with small or limited IT departments.

Data Warehouse as a Service Market - Notable Developments

  • In December 2018, a leading player in data warehouse as a service market, Snowflake, announced public availability of Microsoft Azure in EMEA. Snowflake uses Azure infrastructure services for data storage and query processing. The company has added diverse cutting edge features, such as storage soft delete, accelerated networking, among others.
  • In September 2018, another data warehouse as a service market player Accu8 Software introduced its Data Migration as a Service (DMaaS) for IBMi Series AS/400. IBMi works on IBM PureSystems and IBM Power Systems and helps SMEs in data migration from their existing IBMi environment to cloud platform, like Microsoft Azure or Amazon AWS.

Some of the most prominent competitors operating in the competitive landscape of global data warehouse as a service market include –

  • IBM
  • Veeva
  • Netavis AWS
  • LUX Fund Technology & Solutions
  • Google
  • Accur8 Software
  • Microsoft
  • Transwarp Technology
  • Snowflake
  • Pivotal Software
  • Teradata
  • AtScale
  • SAP
  • Cloudera
  • Veeva
  • Micro Focus
  • Hortonworks
  • Actian
  • Yellowbrick
  • Panoply
  • MarkLogic
  • MemSQL
  • Transwarp Technology
  • Solver
  • 1010data   

Data Warehouse as a Service Market: Market Dynamics

Rising Adoption of Private Cloud Creating Growth Opportunities

Several companies have been opting for cloud data warehouse solutions to bring structured data from legacy on-premises data warehouses together. With cloud solutions, firms get insights they were previously unaware of, thus, several enterprises have started deploying cloud-based solutions to maintain their enterprise data. This can also be attributed to unique features of private clouds, as they offer simplicity in tandem with immense control over enterprise applications and data. Furthermore, a private cloud gives enterprises an exhaustive view of supply chain, helping them gain valuable insights to better manage their value chain in order to understand and forecast demand, regulate supply, and track inventory in real time. The growing adoption of private cloud by companies is likely to underpin gains in data warehouse as a service market. 

Surging Data Privacy & Security Requirements to Drive Adoption of Data Warehouse as a Service

With cloud-based data warehouse allowing companies to get an inclusive view of their customer transactions as well as data, they can quickly and seamlessly assort data and evaluate it to drive customer engagement initiatives. Moreover, in case of data warehouse as a service, data is stored in a single repository enabling companies to ensure security and privacy of their customer as well as transactional data. As data warehouse as a service alleviates risks associated with failure in compliance with diverse industry regulations and requirements, data warehouse as a service market is likely to witness gains in forthcoming years.

Growing Adoption of Advanced Technology Solutions in BFSI

Banking, financial services and insurance (BFSI) continue to remain highly lucrative for growth in data warehouse as a service market as it deals with massive customer data generated regularly. BFSI has been observing high adoption of cutting-edge technology solutions to manage and evaluate this data, thereby driving the uptake of high-tech solutions required to comply with growing stringent regulations and requirements. With advancing cloud-based solutions such as data warehouse as a service, companies in BFSI industry are efficiently managing their data scattered across diverse regions and departments. The growing adoption of data warehouse as a service in BFSI can also be attributed to cloud-based data warehouses presenting a viable substitute to existing on-premise legacy data warehouses, thereby enabling organizations to use cloud to cut their operational costs.

Unwillingness to Shift from Traditional ETL Tools to Cloud Dampening Market Growth

The growing unwillingness of several businesses to shift from conventional ETL tools to cloud in tandem with shortfall of skilled individuals to monitor data warehouse as a service are expected to hamper growth of data warehouse as a service market.

Data Warehouse as a Service Market- Segmentation

Data warehouse as a service market can be bifurcated on the basis of:

Deployment

  • On-Premise
  • Cloud
    • Public cloud
    • Private cloud
    • Hybrid cloud 

Organization Type

  • Small and Medium Enterprises
  • Large Enterprises 

Application

  • Data Mining
  • Analytics
  • Reporting

End-User Vertical

  • BFSI
  • Healthcare
  • Government
  • E-commerce and government
  • Media and entertainment
  • Others 

 By Region

  • North America data warehouse as a service market
  • Europe data warehouse as a service market
  • Asia Pacific data warehouse as a service market
  • South America data warehouse as a service market
  • Middle East & Africa data warehouse as a service market

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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