Data Warehouse as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Data Warehouse as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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
- 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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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