Cloud Data Warehouse Market by Industry Application, Deployment, and Geography - Forecast and Analysis 2023-2027

The cloud data warehouse market is estimated to decline at a CAGR of 27.38% between 2022 and 2027. The size of the market is forecast to increase by USD 17.74 billion. The growth of the market depends on several factors, including the growing penetration of IoT-enabled devices, the rising enterprise mobility and the need to improve efficiency, and the growing demand for Data Warehouse as a service (DBaaS).

This report extensively covers market segmentation by deployment (public and private) and geography (North America, Europe, APAC, Middle East and Africa and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

 What will the Size of the Cloud Data Warehouse Market be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global cloud data warehouse market as a part of the global IT consulting and other services market within the global IT services market. The parent IT consulting and other services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. 

Cloud Data Warehouse Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing penetration of IoT-enabled devices is notably driving the cloud data warehouse market growth, although factors such as vendor lock-in issues will impede the market growth. Our researchers studied the data for years, with 2022 as the base year, and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Cloud Data Warehouse 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.

Key Cloud Data Warehouse Market Trend

• 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.

Key Cloud Data Warehouse Market Challenge

• 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.

Key Cloud Data Warehouse Market Customer Landscape

Our analysis of the Life Cycle of the Global cloud data warehouse market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of global cloud data warehouse market, focusing on the adoption rates of the major regions such as US, China, Japan, Germany, and France. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Global Cloud Data Warehouse Market Customer Landscape

Who are the Major Cloud Data Warehouse Market Vendors?         

Vendors 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. Through the unified segment, the company renders digital transformation, analytics, data virtualization, data warehouse, and data migration services.

We also have  detailed analyses of the market’s competitive landscape and offer information on 20 market vendors such as,

• Actian Corp.
• Alibaba Cloud
• Amazon.com Inc.
• Cloudera Inc.
• Google LLC
• 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 SA
• Tencent Holdings Ltd.
• Teradata Corp.
• Technology Shanghai Co. Ltd.

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Cloud Data Warehouse Market?

The market share growth by the public segment will be significant during the forecast period. In 2022, the public cloud segment dominated the global cloud data warehouse market, primarily due to the increasing globalization and the growth of the IT, BFSI, education, healthcare, and retail sectors. The demand for public cloud service is rising due to an increase in the number of SMEs in developing economies such as China, India, Brazil, Indonesia, and Mexico, which demand solutions for business-related insights, including data storage. Vendors in the global cloud data warehouse market are providing cloud services to organizations in various end-user industries, which help them conduct data storage, collection, and data analysis to generate meaningful insights into the business.

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The large enterprise segment shows gradual increases due to increased flexibility by reducing the time to market and expanding business operations. The segment recorded a market share of USD 1.39 billion in 2017 and continue to grow by 2021. 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.

The growth of this segment is primarily attributed to the increasing adoption of the market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for Cloud Data Warehouse Market?

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North America is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the fastest-growing region in the global market compared to other regions. The potential benefits of cloud data warehouse solutions, such as low power consumption and improved write speed, are propelling the adoption of cloud data warehouse solutions among SMEs across various verticals such as BFSI, government and public sectors, healthcare, IT, manufacturing, telecommunication, and several others. Also, the increased competition from offshore IT destinations has resulted in price wars among regional cloud data warehouse vendors. This will boost the demand for cloud data warehouse solutions in North America during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2021, the COVID-19 pandemic propelled market growth in North America. With work from home becoming the new normal, there has been an increase in the adoption of cloud services and digitization, leading to the emergence of a new business environment. This has increased the demand for automation services and solutions in the region. Moreover, the key vendors in the market are expanding their businesses in the region. 

Segment Overview

Our report forecasts revenue growth at global, regional and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2028. We have segmented the market based on type, product, distribution channel, and region.

• Deployment Outlook (USD Billion, 2017 - 2027)
  • Public
  • Private 
• Application Outlook (USD Billion, 2017 - 2027)
  • Large Enterprise 
  • Small and Medium Enterprise
• Region Outlook (USD Billion, 2017 - 2027)
  • 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
    • Uruguay

• Cloud Data Warehouse Market Scope
  Report Coverage	Details
  Page number	120
  Base year	2022
  Historical year	2017-2021
  Forecast period	2023-2027
  Growth momentum & CAGR	Decelerate at a CAGR of 27.38%
  Market growth 2023-2027	USD 17.74 billion
  Market structure	Fragmented
  YoY growth (%)	27.62
  Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
  Performing market contribution	North America at 48%
  Key consumer countries	US, China, Japan, Germany, and France
  Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
  Key companies profiled	Accur8 Software, Actian Corp., Alibaba Cloud, Amazon.com Inc., Cloudera Inc., Google LLC, 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 SA, 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, and market condition analysis for the forecast period.
  Customization purview	If our 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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  What are the Key Data Covered in this Cloud Data Warehouse Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive cloud data warehouse market growth during the next five years
  • Precise estimation of the cloud data warehouse market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the cloud data warehouse industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cloud data warehouse market vendors

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