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The cloud data warehouse market size is projected to increase by USD 49.15 billion with growth at a CAGR of 43.61% between between 2023 and 2028. The Cloud Data Warehouse market is experiencing significant growth due to several key factors. The proliferation of IoT-enabled devices and the increasing trend towards enterprise mobility are driving the need for more efficient data management solutions. Additionally, the demand for Data Warehouse as a service (DBaaS) offerings is on the rise. Cloud Data Warehouses are revolutionizing marketing efforts by enabling businesses to collect, process, store, and analyze vast amounts of data in real-time. This capability leads to more effective marketing strategies and enhanced customer experiences. By providing scalable, flexible, and cost-effective solutions, Cloud Data Warehouses are transforming the way businesses gain insights from their data.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about key companies, including Accur8 Software, Actian Corp., Alibaba Cloud, Alphabet Inc., Amazon.com Inc., Cloudera Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Panoply Ltd., Rand Group LLC, SAP SE, Sigma Computing Inc., SingleStore Inc., Snowflake Inc., Talend Inc, Tencent Holdings Ltd., Teradata Corp., and Translink Information Technology Shanghai Co. Ltd.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accur8 Software - The company offers cloud data warehouse solutions such as Accur8s Data Warehouse as a Service or DWaaS. The company renders digital transformation, analytics, data virtualization, data warehouse, and data migration services.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The large enterprise segment showed gradual increases due to increased flexibility by reducing the time to market and expanding business operations. Large enterprises are increasingly adopting advanced technologies such as AI, ML, IoT, big data, and cloud to automate their business operations. The integration of cloud data warehouse solutions in business functions facilitates communication and collaboration between all stakeholders, which ensures that reports and analyses are not duplicated or outdated. These factors will contribute to the growth of the large enterprise segment in the market during the forecast period.
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The large enterprise segment accounted for USD 1.78 billion in 2018. Cloud data warehouses have revolutionized business intelligence and data analytics for organizations of all sizes, including SMEs, by providing flexible and scalable solutions for enterprise management, security, and operational data storage. Cloud computing technology enables these data warehouses to offer IT infrastructure advantages such as public and private cloud deployment options, artificial intelligence and machine learning capabilities, and mobility features.
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North America is estimated to contribute 51% to the growth during the market forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
The cloud data warehouse market in North America is experiencing significant growth due to the adoption of cloud solutions among Small and Medium-sized Enterprises (SMEs) in various verticals, including Telecom & ITES, Government, BFSI, Retail & Consumer, Healthcare, and Manufacturing & Automotive. SMEs seek business intelligence (BI) and analytics offerings to gain a competitive edge through data modernization, customer analytics, predictive analytics, and data visualization. AI and ML technologies enable advanced data analysis and data wrangling. Enterprise DWaaS solutions offer flexible deployment types, such as public and private clouds, with reduced operational costs. Collaboration, mobility, and remote working technologies enhance data accessibility. SMEs and large enterprises differ in organizational size and data volume requirements, influencing market share. BI solutions provide dashboards, data visualization, and analytical insights from data storage systems.
Cloud data warehouses have become a significant trend in the business intelligence and data analytics landscape, offering enterprises the ability to store and manage large volumes of data in a flexible, scalable, and cost-effective manner. Cloud data warehouses enable enterprise management, SMEs, energy and utilities, IT and ITeS, and other industries to leverage cloud services for data storage and analysis. These data platforms provide advanced capabilities for big data analytics, machine learning, CRM systems, IoT devices, and more. Cloud data warehouses offer several advantages over traditional on-premises data warehouses, including easier deployment, faster time-to-insight, and improved security. Cloud security measures ensure data privacy and protection, while Cloud service providers offer disaster recovery solutions to mitigate risks. Cloud based technology has propelled the growth of cloud data warehouses, enabling real-time data processing and analysis from various sources such as social media, IoT devices, and CRM systems. Big data and IoT have also influenced the market, driving the need for more advanced data analytics capabilities. Notable cloud data warehouse offerings include Db2 Warehouse, Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse Analytics. Cloud service providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform are leading the market with their robust offerings and innovative features. Cloud data warehouses are expected to continue to grow, offering enterprises a cost-effective and efficient solution for their data management and analytics needs. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Cloud data warehouses have revolutionized the way businesses store, manage, and analyze their data. These cloud-based solutions offer numerous benefits, including cost savings, scalability, and flexibility, making them a preferred choice for businesses of all sizes, from SMEs to large enterprises. Cloud data warehouses provide operational data storage and enable advanced analytics capabilities such as machine learning, predictive analytics, and customer analytics. They cater to various industries, including IT and ITeS, media and entertainment, telecommunications, energy and utilities, retail and consumer, healthcare, manufacturing and automotive, and more. Cloud data warehouses offer both public and private cloud options, allowing businesses to choose the best fit for their specific needs. They also integrate seamlessly with other cloud services, such as CRM systems, IoT devices, and AI, enabling businesses to gain valuable insights from their data. Security is a top priority for businesses, and cloud data warehouses offer robust security features, ensuring data privacy and protection. Cloud service providers offer various data modernization solutions, making it easier for businesses to transition from traditional data warehouses to cloud-based solutions. IBM's Db2 Warehouse is a popular cloud data warehouse solution that caters to IT and telecom industries, offering advanced analytics capabilities and seamless integration with other IBM cloud services. Other major players in the cloud data warehouse market include IT infrastructure providers, such as Amazon Redshift, Microsoft Azure Synapse Analytics, and Google BigQuery. In conclusion, cloud data warehouses are a game-changer in business intelligence and data analytics, offering numerous benefits, including cost savings, scalability, flexibility, advanced analytics capabilities, and robust security features. They cater to various industries and integrate seamlessly with other cloud services, making them an essential component of any modern IT infrastructure.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 43.61% |
Market growth 2024-2028 |
USD 49.15 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
31.53 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 51% |
Key countries |
US, Germany, France, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accur8 Software, Actian Corp., Alibaba Cloud, Alphabet Inc., Amazon.com Inc., Cloudera Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Panoply Ltd. , Rand Group LLC, SAP SE, Sigma Computing Inc., SingleStore Inc., Snowflake Inc., Talend Inc, Tencent Holdings Ltd., Teradata Corp., and Translink Information Technology Shanghai Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Industry Application
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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