The data warehouse as a service market has seen considerable growth due to a variety of factors.
• Recent years have seen an explosive growth in the market size of data warehouse as a service. It is projected to expand from $7.07 billion in 2024 to $8.55 billion in 2025, showing a compound annual growth rate (CAGR) of 20.9%.
This significant increase during the historic period is due to factors such as the drive to improve customer experience, amplified calls for data security, and burgeoning use of data warehouse services in the BFSI sector. Other contributory factors include a heightened adoption of cloud systems, escalated data manageability issues, and the surge of big data driving demand.
The data warehouse as a service market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the data warehouse as a service is predicted to experience massive expansion in the coming years, reaching a value of $18.38 billion in 2029 with a compound annual growth rate (CAGR) of 21.1%.
The hike during the projected period can be linked to the escalating need for centralized data storage, the growth of e-commerce activities, swift acceptance of cloud-based solutions, and a concentration on real-time data assessment, data analytics, and business intelligence. These factors are expected to significantly contribute to enterprise management. Additionally, the surge in investments by data center enterprises in hyper-scale data centers is expected to fuel growth. Key trends for the segmented period include the incorporation of innovative technologies and single server solutions, boost in demand for the ICT industry, increased government initiatives, growing requirement for cloud systems and data-driven decision making, and technological advancements.
The expansion of the data warehouse-as-a-service market is anticipated to be driven by an increasing need for centralized data storage in the future. Centralized data storage involves keeping and managing data in one main location. With the production of a tremendous amount of data, the requirement for scalable and concentrated storage solutions is significant. This is where the data warehouse-as-a-service market comes into play, amalgamating data from various origins such as databases, applications, and files into a solitary, integrated platform, thereby establishing a centralized repository. A report by Application Access Governance Information Technology Services, a UK-based firm providing a comprehensive range of IT support and digital transformation services, revealed in January 2024 that around 60% of corporate data was cloud-hosted and there is an expected increase of 23% in cloud infrastructure expenditure in 2023. Hence, the amplified need for centralized data storage is catalyzing the growth of the data warehouse-as-a-service market.
The data warehouse as a service market covered in this report is segmented –
1) By Type: Enterprise Data Warehouse As A Service (DWaaS), Operational Data Storage
2) By Usage: Data Mining, Reporting, Analytics
3) By Deployment: Private Cloud, Public Cloud, Hybrid Cloud
4) By Application: Fraud Detection And Threat Management, Supply Chain Management, Asset Management, Risk And Compliance Management, Customer Analytics
5) By Vertical: Banking Financial Services And Insurance (BFSI), Retail And Ecommerce, Telecommunication And Information Technology (IT), Healthcare And Life Sciences, Manufacturing And Automotive, Government And Public Sector, Travel And Hospitality, Media And Entertainment
Subsegments:
1) By Enterprise Data Warehouse As A Service (DWaaS): Public Cloud DWaaS, Private Cloud DWaaS, Hybrid Cloud DWaaS
2) By Operational Data Storage: Data Lakes, Real-Time Data Warehousing, Historical Data Storage
Leading firms in the data warehouse-as-a-service market, such as SAP SE, are introducing advanced solutions like SAP datasphere to overcome traditional data warehouse challenges. This type of cloud-based data warehouse service assists companies in aligning their strategic data, leading to more informed decision-making. For example, SAP SE, a software company based in Germany, unveiled its SAP datasphere, a cloud-based data warehouse service, in March 2023. This holistic solution gathers and structures metadata, empowering businesses to handle all system objects, ensure high-quality data modeling, and carry out data lineage and impact analysis. The updated SAP Datasphere catalogue is the central hub for finding, improving, sharing, and advertising credible data and analytical assets of the company, and also introduces an effective data governance method.
Major companies operating in the data warehouse as a service market report are:
• Google LLC
• Microsoft Corporation
• Dell Inc.
• Huawei Technologies Co. Ltd.
• Amazon Web Services Inc.
• The International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• VMware Inc.
• NetApp Inc.
• Veeva Systems Inc.
• Teradata Corporation
• Nutanix
• Snowflake Inc.
• Cloudera Inc.
• Quantum Corporation
• Mark Logic Corporation
• Yellowbrick B.V.
• AtScale Inc.
• Micro Focus International Plc
• Action Corporation
• Netavis GmbH
• Scale Computing
• DataCore Software
• Maxta Inc.
• Sangfor Technologies
• 1010data
• Solver
• Panoply
North America was the largest region in the data warehouse-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data warehouse as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.