Data Warehouse as a Service (DWaaS) Market: By Type (Enterprise Data Warehouse [EDW], Operational Data Store [ODS]), By Deployment Mode (Public, Private), By Application (Fraud Detection and Threat Management, Supply Chain Management, Risk and Compliance Management, Others), By Organizational Size (Small & Medium Enterprise, Large Enterprise), By Industry Vertical (BFSI, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, IT and ITeS, Manufacturing, Media and Entertainment, Retail and Consumer Goods, Telecommunications, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global Data Warehouse as a Service (DWaaS) Market to surpass USD 24.5 billion by 2031 from USD 3.3 billion in 2021 at a CAGR of 22.2% in the coming years, i.e., 2021-2031.
DWaaS or Data warehousing as a service is an outsourcing model wherein, a service provider manages and configures the software and hardware resources required for a data warehouse, while the client supplies the data and pays for the managed service. DWaaS allows organizations to avoid spending money up front to create an on-premises data warehouse or worry about setting up and managing the necessary hardware and software. The benefits of DWaaS include improving ease of use, especially for proof of concepts and removing the responsibilities associated with new release management. The data warehouse is then made available to the customer by the service provider over the Internet through application programming interfaces (APIs).
Global Data Warehouse as a Service (DWaaS) Market to surpass USD 24.5 billion by 2031 from USD 3.3 billion in 2021 at a CAGR of 22.2% in the coming years, i.e., 2021-2031. Factors such as the growing interests of the companies to understand the available information regarding business process, products, customers and services to grab new business opportunities and the growing demand for low latency and high-speed analytics are positively impacting the market. Moreover, in the past years, due to rising concerns on data manageability and increasing complexity, data warehousing has attracted significant interest in real-life applications, especially in finance, business, healthcare, and other industries.
Based on Type, the global Data Warehouse as a Service (DWaaS) Market is fragmented into Enterprise Data Warehouse (EDW), and Operational Data Store (ODS). The EDW dominated the market since it provides a centralized approach to data organization and representation, as well as decision support services across the enterprise. Data and access can be categorized and accessed s per divisions with these solutions. The capability to access data easily and offer actionable and usable information is offered by a cloud data warehouse. These solutions collect the data in a one single location, examine huge data sets, and make them speedily accessible as required.
Global Data Warehouse as a Service (DWaaS) Market is classified on the basis of application into Fraud Detection and Threat Management, Supply Chain Management, Risk and Compliance Management, and Others. Two of the most serious issues that firms confront are fraud detection and threat prevention. Large organisations have used a number of solutions to secure corporate data against assaults. The company's data warehouse houses the organization's most important and well-organized data. As a result, the adoption of cost-effective, cloud-based solutions is projected to fuel demand for fraud detection in the data warehouse as a service market.
The Rising Need for Data Warehouses in Cloud-Based Deployment
The huge growth in the volume of unstructured and structured data generated across different industries such as manufacturing, retail, government and public sector, e-commerce, and BFSI is expected to boost market growth over the forecast period due to the growing need for data warehouse services across cloud-based deployment. Also projected to fuel market demand is the growing significance of business intelligence in enterprise management across the business ecosystem.
Growing Adoption of DWaaS and Improvements in the System
Businesses have a lot of data and don't have good tools for monitoring risks, therefore fraud goes unnoticed, especially in inventory network management. Two of the most serious issues that firms confront are fraud detection and threat prevention. To safeguard project data from threats, huge projects have incorporated a number of advances. As a result of the increasing number of fraudulent cases, DWaaS is being implemented.
Increasing Concern for Security and Privacy of Data
Over the projection period, rising concerns about data security and privacy may operate as a market restraint. Because of the use of cloud computing, data transit between computers may be vulnerable to privacy intrusions. Furthermore, the increasing number of cyber-attacks may deter businesses from using data warehouse solutions.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Data Warehouse as a Service (DWaaS) Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Owing to the availability of technologically advanced data warehouse infrastructure, North America is expected to have a considerable market share. Because of the large demand for managing operational data and the rising development of cloud solution providers, the US firms are higher users of analytics solutions across numerous sectors and are considered the leading country in the industry.
The COVID-19 outbreak and worldwide lockdown restrictions have had a negative impact on capital investments and industrial activities. In the first half of 2020, the data warehouse as a service market has seen growth due to faster digital transformation following the global economic slowdown caused by COVID-19. Due to lockdown limitations, most firms in the end-user industries (mostly manufacturing and automotive) had shut down their production locations.
Market size value in 2021
USD 3.3 billion
Revenue forecast in 2031
USD 24.5 billion
CAGR of 22.2% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2031
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Deployment Mode, Application, Organizational Size, Industry Vertical, and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Amazon Web Service, Inc, IBM Corporation, Microsoft Corporation, Google LLC, Oracle Corporation, SAP SE, Snowflake Inc., Micro Focus Inc, Teradata Corporation, Cloudera, Inc., and Other Prominent Players.
Data Warehouse as a Service (DWaaS) Market size was estimated at USD 3.3 billion in 2021 and is expected to reach USD 24.5 billion in 2031.
DWaaS or Data warehousing as a service is an outsourcing model wherein, a service provider manages and configures the software and hardware resources required for a data warehouse, while the client supplies the data and pays for the managed service.
The Enterprise Data Warehouse (EDW) segment accounted for the largest Data Warehouse as a Service (DWaaS) Market share.
Key players in the Data Warehouse as a Service (DWaaS) Market include Amazon Web Service, Inc, IBM Corporation, Microsoft Corporation, Google LLC, Oracle Corporation, SAP SE, Snowflake Inc., Micro Focus Inc, Teradata Corporation, Cloudera, Inc., and Other Prominent Players.
Over the projected period, the increased need for data warehouse services across cloud-based deployment will drive market expansion.
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