Cloud Data Warehouse Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Germany, France, China, Japan - Size and Forecast 2024-2028

Cloud Data Warehouse Market Size 2024-2028 

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. 

What will be the Size of the Market During the Forecast Period?

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Key Companies & Market Insights

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.

Market Segmentation

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.

• Deployment Outlook 
  • Public
  • Private 
• Application Outlook 
  • Large Enterprise 
  • Small and Medium Enterprise
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Chile 
    • Argentina

By Industry Application 

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.

Regional Analysis

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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.

Market Dynamics 

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. 

Key Market  Driver

• One of the key factors driving growth in the market is the growing penetration of IoT-enabled devices.
• The increase in the use of IoT-connected devices worldwide has resulted in the generation of large amounts of data.
• IoT-enabled devices have led to an exponential increase in data center network traffic over the years by transferring more data-to-data centers. All these factors have increased the need for effective data storage and data analytics and, therefore, have compelled enterprises to invest in storage systems and big data analytics to manage and analyze the data effectively to derive business intelligence insights.
• Cloud data centers undergo constant upgrades to satisfy big data storage and processing needs.
• The data is suitable for large enterprises, such as e-commerce solution providers and small and medium-sized enterprises (SMEs), primarily for their business growth. In addition, the forecast period will witness the emergence and growth of edge computing facilities, where the possibility of adopting cloud storage infrastructure is high. All these factors are expected to increase the demand for cloud data warehouses further.

Significant Market Trends and Analysis

• The growing need for edge computing is another factor supporting the market share growth.
• Edge computing is an architectural model in which the data generated by IoT devices are processed at the edge of the network, which is mostly close to the source of the data.
• The use of RFID sensors to tag, track, connect, and read objects in logistics and warehouses in the late 1990s popularized the concept of the IoT.
• The growing number of connected devices will lead to the generation of large volumes of data. Meanwhile, ideas such as a connected car, connected home, connected health, and smart cities are gaining popularity.
• Many industries, such as manufacturing, utilities, retail, automotive, and social media, are using the IoT for increased data transfer. This growing number of IoT-enabled devices will trigger the need for edge computing facilities. Moreover, the commercial deployment of 5G will be a major boost to the market by the end of the forecast period.

Major Market Restrain

• The vendor lock-in issues will be a major challenge for the market during the forecast period.
• Vendor lock-in, also known as customer lock-in or proprietary lock-in, refers to a scenario wherein a customer using a product or service cannot easily transition to a different vendor's product or service. This makes the customer dependent on the vendor for products and services. As a result, the customer cannot use the technology, solution, or service developed by other vendors.
• Vendor lock-in has become a major challenge to the adoption of cloud computing solutions, primarily due to the lack of standardization. Current solutions and efforts tackling vendor lock-in issues are predominantly technology-oriented.
• Switching to other vendors in the market is difficult for the customers as the applications are built using a specific platform and a set of tools. Vendors use different architectures, OS, programming languages, and APIs to build and run applications or store information that may not be supported by other vendors. Despite the risks associated with vendor lock-ins, it is possible for enterprises to switch between service providers. However, the process can be time-consuming, labour-intensive, and expensive. Thus, vendor lock-ins can pose a challenge to the market during the forecast period.

Exclusive Customer Landscape

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

You may also be interested in:

• Enterprise Data Warehouse (EDW) Market - Enterprise Data Warehouse (EDW) Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, UK, India, Germany - Size and Forecast 
• Data Warehousing Market - Data Warehousing Market by Deployment, Type, and Geography - Forecast and Analysis
• Data Warehouse as a Service (DWaaS) Market - Data Warehouse as a Service (DWaaS) Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast

Market Analyst Overview

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.

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What are the Key Data Covered in this Cloud Data Warehouse Market Research Report?

• CAGR of the market report forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2024 and 2028
• Precise estimation of the size of the market  and its contribution in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of Industry companies

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