Data Warehouse As A Service Dwaas Market 2021 Growth by Business Opportunities, Latest Innovation, Technology Trends, Demand & Forecast 2028
The market size for the global data warehouse as a service (DWaaS) is projected to reach USD 9 billion by 2028.
Dallas, United States – April 30, 2021 /MarketersMedia/ —
Massive amount of data is generated worldwide which includes both structured and unstructured data across various range f industries such as retail and eCommerce one of the most significant drivers increasing the demand for cloud data warehouse solutions along with industries like BFSI, manufacturing industries and government and public sector. In addition to this, there is a surge in adoption of column-oriented data warehouse owing to the benefits it attributes such as performing advanced analytics, increasing regulatory compliance, rapid rise in data volumes and a growth in private cloud which is successfully opening business opportunities for the growth of cloud data warehouse solutions.
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An array of applications are offered by the data warehouse as a service market including asset management, customer analytics, threat management and fraud detection. Furthermore, the data warehouse as a service market is segmented based on the type of services delivered which includes enterprise DWaaS and operational data stores. The former segment, enterprise DWaaS accounts for largest market share wherein the vendors are found to offer solutions capable of processing historic enterprise data coupled with real-time and operational data. A thorough provision of decision support services across the organization/enterprise along with organization and representation of data is key to the enterprise data warehouse services.
The prominent advantage of utilizing cloud data warehouse is its ability to provide assessment of data at a faster pace and thereby providing useful, actionable information. This pattern basically brings together all the data in one single location, analyses this huge amount of data and makes it instantly available for accessing. The banking and online business ecosystem is also to boost the demand for data warehouse services primarily for fraud detection and threat management with an account for largest market size to be accomplished during the forecast.
Enterprises house large volumes of data however lack the necessary tools for effective analysis of threats which makes the enterprises highly vulnerable with unnoticed fraudulent activities particularly in processes dealing with supply chain management. The most predominant contributor of the data warehouse as a service market is North America holding a dominant position with largest market size with maximum industries adopting data warehouse as a service. Along with this, U.S. and Canada are the top players with industries indulged in adoption of technological aid for better management within enterprises. Substantial adoption of cloud data warehouse solutions is seen in these regions.
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.
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Key Segments of the Global Data Warehouse as a Service (DWaaS) Market
Application Overview, 2018-2028 (USD Million)
Fraud Detection and Threat Management
Risk and Compliance Management
Supply Chain Management
Usage Overview, 2018-2028 (USD Million)
End-User Overview, 2018-2028 (USD Million)
Energy And Utilities
IT & Telecom
Media & Entertainment
Retail & E-Commerce
Travel & Hospitality
Some Major Points from Table of Contents:
Chapter 9 Competitive Landscape
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
Chapter 10 Company Profiles
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.6 Micro Focus
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
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