#COVID-19 impact on Global Data Warehouse as a Service (DWaaS) Market | Explore Tumblr posts and blogs

sandlerresearch · 3 years ago

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Data Warehouse as a Service Market with COVID-19 Impact by Application (Customer Analytics, Business Intelligence, Operational Analytics, Predictive Analytics), Vertical, Deployment Model, Type(EDWaaS & ODS), & Organization Size - Global Forecast to 2026 published on

https://www.sandlerresearch.org/data-warehouse-as-a-service-market-with-covid-19-impact-by-application-customer-analytics-business-intelligence-operational-analytics-predictive-analytics-vertical-deployment-model-typeedwaas.html

“The global data warehouse as service market size to grow at a CAGR of 22.3% during the forecast period”

The global Data Warehouse as a Service (DWaaS) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period, to reach USD 12.9 billion by 2026 from USD 4.7 billion in 2021. Key factors that are expected to drive the growth of the market are the increasing role of business intelligence and data analytics in enterprise management, growing dependence on data-driven decision-making to improve business performance, and requirement of regulatory governance and security.

The COVID-19 Impact on the global data warehouse as a service market

The recent economic slowdown with the impact of COVID-19 emphasizes the need for alternate business systems. It has become important for businesses to embrace cloud computing and migrate to cloud data warehouses. This will help organizations to have a stable business condition in the short term while targeting continued growth and expansion in the long run. Organizations across different verticals are leveraging data warehouse services due to various advantages including higher availability, low latency, scalability, and enterprise-grade security.

Operational data storage segment to grow at a higher CAGR during the forecast period

Based on the type, the market is segmented into two categories: enterprise data warehouse as service and operational data storage. The market for operational data storage is expected to grow at a higher CAGR during the forecast period. The growth is mainly attributed to the increasing demand for real-time data analytics and reporting. The implementation of ODS in an enterprise complements the existing data infrastructure and supports the current and future needs of the enterprise. In addition, the growing use of AI in data warehouses is likely to provide future growth opportunities for the ODS segment. Companies operating in the DWaaS market provide advanced solutions to meet the rapid growth of data volumes and to adhere to regulatory compliance mandates.

Public cloud segment to account for a higher market share during the forecast period.

The DWaaS market is segmented by deployment type into public and private cloud. The public cloud segment account for a higher share of the DWaaS market during the forecast period due to increasing investments in mobility, collaboration and other remote working technology and infrastructure. While the private cloud model is gaining popularity in organizations to overcome security and data privacy challenges.

Healthcare and life sciences vertical to grow at a higher CAGR during the forecast period.

Healthcare and life sciences is one of the fastest-growing verticals as the industry is undergoing extensive development, with advancements in technologies, thereby enhancing the overall industry vertical. The quality of information and the interest toward quality medicinal administrations have turned out to be progressively imperative. Initially, owing to data complexities and a variety of medical cum clinical data, the adoption of DWaaS solutions in the healthcare sector was comparatively slow. However, over the past years, the increase in the usage of DWaaS solutions has proved to be handy in administrative and clinical areas. The vast amounts of data generated over the years have been used in a variety of areas, right from enhancing patient health to pharmaceuticals testing.

North America to account for the highest market share during the forecast period.

The DWaaS market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The DWaaS report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall DWaaS market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. the growth is mainly attributed to the presence of various developed economies, such as the United States (US) and Canada, and due to the focus on innovations obtained from R&D and advanced technologies. The increased penetration of DWaaS solutions in multiple industry verticals, such as manufacturing, healthcare and pharmaceuticals, and the government and public sector, is driving the growth of this market in this region. PAC and MEA are also expected to witness high growth rates during the forecast period.

The break-up of the profiles of primary participants in theglobal DWaaS market is as follows:

By Company: Tier 1–37%, Tier 2–25%, and Tier 3–38%

By Designation: C-Level Executives–22%, Director Level–33%, and Others–45%

By Region: North America–42%, Europe–25%, APAC–18%, MEA – 10%, and RoW-15%

The DWaaS market comprises major providers, such as AWS(US), IBM(US), Microsoft(US), Google(US), Oracle(US), SAP(Germany), Snowflake(US), Micro Focus(UK), Teradata(US), 1010Data(US), Cloudera(US), Pivotal(US), Yellowbrick(US), Veeva Systems(US), Actian(US), Marklogic(US), Netavis Software(Austria), Solver(US), Accur8 Software(US), AtScale(US), Panoply(US), SingleStore(US), and Transwarp(China). The study includes an in-depth competitive analysis of key players in the DWaaS market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

Research Coverage

The report segments the global DWaaS market by application into five categories: business intelligence, customer analytics, data modernization, operational analytics, and predictive analytics. By type, the market enterprise DWaaS and operational data storage. By organization size, the DWaaS market is segmented into two categories: large enterprises and SMEs. By deployment model, the DWaaS market is segmented into two categories: public and private cloud. By vertical, the DWaaS market has been classified into banking, financial services and insurance (BFSI); energy and utilities; government and public sector; healthcare and life sciences; IT and ITeS; manufacturing; retail and consumer goods; media and entertainment; telecommunication; and others. By region, the market has been segmented into North America, Europe, APAC, MEA, and Latin America.

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall DWaaS market and the sub segments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, opportunities, and COVID-19 impact.

#Information Technology #Software and Services

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ehteshamuniverse · 4 years ago

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Data Warehouse as a Service Market Outstanding Growth, status, Price, Business Opportunities and Key Findings | COVID-19 Impact

Market Highlights

According to Market Research Future (MRFR) analysis, the global data warehouse as a service market is expected to reach USD 4.69 billion with a CAGR of 21.4% from 2019 to 2024 (forecast period). Adapting to the novel COVID-19 pandemic, the impact of COVID-19 pandemic on the global data warehouse as a service market is included in this report. The effect of the novel coronavirus pandemic on the growth of the global data warehouse as a service market is assessed and outlined in the report.

The data warehouse is a central repository of information that is evaluated in order to make better informed decisions. Transactional systems, relational databases, and other sources store the data in a data warehouse. Business analysts, data scientists, and decision-makers have access to data through business intelligence (BI) tools, SQL clients, and other analytic applications. Enterprises use reports, dashboards, and analytics tools to derive information from data, track business performance, and support decision-making. These reports, dashboards, and analytics tools are part of a data warehouse that stores data efficiently and delivers high-speed query results to many users at the same time. These data warehouses are made available to the enterprises on cloud, identified as data warehouses as services.

Market Dynamics

A massive rise in the volume of data is the main factor contributing to market growth. The growing need for compliance with regulations and standards such as HIPAA of 1996, EU GDPR, SOX Act of 2002 also contributes to market growth. In addition, the increasing adoption of the private cloud by organizations is also anticipated to propel the market. Nonetheless, concerns about privacy and protection are anticipated to limit market growth during the forecast period. Growing applications across verticals and rising demand from SMEs give lucrative opportunities to the major providers of DWaaS solutions in the global market.

Segmentation:

The global market for data warehouse as a service market has been segmented based on usage, deployment, organization size, application, and vertical.

Based on usage, the global market for DWaaS has been divided into data mining, reporting, and analytics.

Based on deployment mode, the global market for DWaaS has been classified as private cloud, public cloud, and hybrid cloud.

Based on organization size, the global market for DWaaS has been divided into small and medium-sized enterprises (SMEs) and large enterprises.

Based on application, the global market for DWaaS has been segmented into fraud detection and threat management, risk and compliance management, supply chain management, asset management, customer analytics, and others.

Based on vertical, the global market for DWaaS has been divided into banking, financial services and insurance (BFSI), government and public sector, retail & e-commerce, telecommunication and IT, healthcare and life sciences, manufacturing and automotive, travel and hospitality, media and entertainment, and others.

Regional Analysis

The global market for DWaaS has been examined for four regions—North America, Europe, Asia Pacific, and the rest of the world.

North America has the biggest market share due to the rapid growth of cloud technology in data storage. The USA, Canada, and Mexico are the dominant countries in the region. The US is the leading country due to the early adoption of the data warehouse as a service and initiatives taken by market players in the form of alliances with various technology players and product enhancements in the region.

The market in Europe is projected to be the second-largest during the assessment period owing to the increasing demand for DWaaS solutions due to the growing adoption in the BFSI sector.

The Asia Pacific is predicted to be the fastest-growing region in the global DWaaS market during the forecast period. The steadily increasing number of companies adopting these solutions across the BFSI and retail and e-commerce industries and the increasing volume of data are critical drivers for the growth of the DWaaS market in the Asia Pacific.

Key Players

The key participants in the global DWaaS market are identified on the basis of their country of origin, regional presence, product diversification, recent key developments, and industry expertise. These include Amazon Web Services (US), Microsoft Corporation (US), , Oracle Corporation (US), SAP SE (Germany), Google (US), Micro Focus (UK), IBM Corporation (US), AtScale, Inc. (US), Teradata Corporation (US), Actian Corporation (US), Hortonworks (US), Veeva Systems Inc. (US), MarkLogic Corporation (US), Netavis Software GmbH (Austria) and Snowflake Inc. (US). The key strategies adopted by most participants are partnerships, agreements, collaborations, and the launch of solutions.

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