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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.
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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.
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
Key Cloud Data Warehouse Market Trend
Key Cloud Data Warehouse Market Challenge
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
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,
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.
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.
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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.
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.
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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