The surging popularity of cloud computing coupled with a rising need for real-time data analysis drives the demand for a data warehouse as a service (DWaaS) market
Businesses are transferring toward cloud-based solutions owing to a less physical setup, low maintenance cost, and 24/7 accessibility from anywhere, anytime. Moreover, the cloud-based deployment model is likely to expand at a substantial rate owing to constant development in cloud technologies. On the other hand, increasing business data volumes owing to a rising acceptance of the Internet of Things (IoT) and big data technologies across several industries in the past few years is likely to spur the growth of the DWaaS industry in the coming few years. Hence it is expected that the market size for the data warehouse as a service is projected to reach USD 9 billion by 2028.
The data generated from various sources such as web services, mobile applications, and social media, need to be monitored and managed in each department to have a merged data warehouse. Thus, data migration is likely to experience considerable adoption in marketing departments over the next few years. Growing consumer demand along with rising competitive environment across the world are anticipated to promote enterprises to gain an edge over their rivals.
The global data warehouse as a service (DWaaS) market contains supply chain management, fraud detection, and threat management, risk and compliance management, asset management, customer analytics, and others. In 2019, fraud detection & threat management application is likely to hold a dominating position in the DWaaS market over the forecast period. Enterprises have enormous data volume and lack efficient tools to evaluate the threats, which leads to fraudulent activities to go unobserved, particularly in the supply chain management procedures. Large enterprises have implemented several technologies to inhibit enterprise data from threats. Thus, the adoption of a cloud-based, cost-effective solution is probably to fuel the industry for fraud detection in the DWaaS market.
The global data warehouse as a service market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global data warehouse as a service (DWaaS) solution industry is a wide range to North America, Europe, South America, Asia Pacific, and the Middle East & Africa. The Asia Pacific region is expected to grow at a considerable growth rate with the countries such as India as the highest data warehouse as a service (DWaaS) market. Countries such as Japan, China, and South Korea are anticipated to be at the forefront in the adoption of the data warehouse as a service (DWaaS) owing to increased technological investment in the countries. Moreover, the rising trend of the cloud-based solution in medium and large industries propels the demand for a data warehouse as a service (DWaaS) in the region.
The major players of the global data warehouse as a service (DWaaS) solution market are IBM, AWS, Google, Snowflake, Teradata, Microsoft, SAP, Micro Focus, Cloudera, Actian, Pivotal Software, Hortonworks, Solver, Yellowbrick, Panoply, MemSQL, Netavis, LUX Fund Technology & Solutions, MarkLogic, Transwarp Technology, and more. The data warehouse as a service (DWaaS) solution market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Data Warehouse as a Service (DWaaS) Market
Application Overview, 2018-2028 (USD Million)
- Asset Management
- Customer Analytics
- Fraud Detection and Threat Management
- Risk and Compliance Management
- Supply Chain Management
Usage Overview, 2018-2028 (USD Million)
- Data Mining
End-User Overview, 2018-2028 (USD Million)
- Energy And Utilities
- IT & Telecom
- Media & Entertainment
- Retail & E-Commerce
- Travel & Hospitality
Regional Overview, 2018-2025 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America