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

Cloud Data Warehouse Market Forecast 2023-2027

The cloud data warehouse market is forecast to increase by USD 17.74 billion, at a CAGR of 27.38% between 2022 and 2027. 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). Cloud Data Warehouses are transforming marketing efforts by providing businesses with the ability to collect, store, manage, and analyze large volumes of data in real-time, leading to more effective marketing strategies and improved customer experiences. This market research and growth report 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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In today's data-driven business landscape, the importance of Cloud Data Warehouses (CDWs) cannot be overstated. These technologies offer businesses the ability to collect, store, manage, and analyze large volumes of data in a cost-effective and scalable manner. With the keywords Telecom, ITES, Government, Businesses, Customers, Technology, Modernize, Data, Warehouses, and Verisimal in mind, let's explore how CDWs are revolutionizing marketing efforts. Telecom and ITES industries are leveraging CDWs to gain valuable customer insights, enabling them to deliver personalized services and improve customer experience. Governments are using CDWs to manage and analyze vast amounts of data, leading to more informed decision-making and enhanced public services. Businesses across sectors are modernizing their data warehousing strategies with CDWs, providing real-time analytics and actionable insights. Moreover, CDWs offer automation and self-service capabilities, allowing marketing teams to access and analyze data on their own, leading to faster response times and more effective campaigns. With the increasing adoption of AI and machine learning, CDWs are enabling predictive analytics and automation, providing businesses with a competitive edge. 

Market Dynamics and Customer Landscape

In today's data-driven business landscape, the importance of Cloud Data Warehouses (CDWs) cannot be overstated. A CDW is a managed service that offers enterprise-class data warehousing capabilities over the internet. It provides Offloading, Dependability, and Scalability, enabling businesses to store and analyze large volumes of data in real-time. The Artificials and Interfaces, Machines, and Learning, and Organizations, including Macines Learning and Organzations, can leverage CDWs to gain valuable insights from their data. The Cloud Data Warehouse Market is witnessing significant growth due to its ability to offer Enterpriseprises, Dependability, and Volumenefficient data warehousing solutions. Furthermore, the integration of CDWs with other cloud services like Big Data Processing and Business Intelligence Tools enhances their functionality and value proposition. In conclusion, Cloud Data Warehouses are a game-changer for businesses seeking to gain a competitive edge through data-driven insights. With their ability to offer scalability, reliability, and integration with other cloud services, CDWs are poised to revolutionize the way businesses manage and analyze their data. 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. 

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

• 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 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.

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.

Market Customer Landscape 

Market Segmentation

This report extensively covers market segmentation by deployment (public and private) and geography (North America, Europe, APAC, Middle East and Africa and South America). The market experienced significant growth in 2022, with business intelligence and analytics solutions dominating. Vendors offer Enterprise DWaaS (Data Warehouse as a Service) to various verticals, including Telecom & ITES, Government, BFSI, Retail & Consumer, Healthcare, Manufacturing & Automotive, and others. AI and ML technologies are integral to these offerings, enabling customer analytics, data modernization, and predictive analytics. Public cloud deployment type gained the most market share due to the increasing number of SMEs in developing economies. This trend is driven by the need for data storage, collection, and analysis to generate meaningful insights. Large enterprises also adopt cloud data warehouses for operational cost savings, collaboration, mobility, and remote working technologies. Key features include data volume handling, organization size flexibility, and deployment type options (public and private cloud). Cloud data warehouses provide business intelligence tools such as dashboards, data visualization, and data wrangling for data analysis. These solutions enable data analysis, BI solution implementation, and operational cost reduction.

By Deployment

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 showed gradual increases due to increased flexibility by reducing the time to market and expanding business operations. The segment recorded a market share of USD 1.34 billion in 2017 and continued 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.

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 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.

Who are the Major Cloud Data Warehouse Market Companies?         

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

Market Analyst Overview

The market witnesses a paradigm shift with the integration of Artificial Intelligence (AI) and Machine Learning (ML), redefining data management and analysis. Enterprises leverage cloud-based solutions to enhance the visualization of data and streamline operations through efficient data warehouse systems and intuitive dashboards. With advanced BI/OLAP tools and big data analytics tools, organizations gain actionable insights across diverse industry verticals such as the healthcare sector, government sector, BFSI sector, IT & telecom sector, retail & consumer sector, and manufacturing & automotive sector. The transition to cloud-based infrastructure facilitates scalability and accessibility, driving demand for skilled professionals adept in cloud-based data storage and machine learning platforms. As organizations embrace digital transformation, cloud data warehouses become pivotal in managing data volumes and integrating electronic health records (EHR) for enhanced decision-making capabilities.

The market experiences robust growth, driven by a range of offerings tailored to various verticals. Enterprises increasingly adopt cloud-based solutions to modernize their data warehouse system, leveraging intuitive dashboards for streamlined insights. However, this shift necessitates a skilled workforce adept in managing cloud-based data marts and optimizing IT infrastructure for efficient operations. Cloud data warehouses offer scalable and secure cloud data storage solutions, replacing traditional data warehouses. This transformation empowers organizations to adapt to evolving data demands while enhancing agility and accessibility.

Segment Overview

Our market analysis and 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. 

• 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
    • Uruguay

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 trends and analysis, Market growth and trends and 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 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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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive market growth and forecasting during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Market growth analysis 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 companies
• Market forecasting of factors that will challenge the growth of the key market companies

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