The report "Cloud Data Warehouse 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
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the global Cloud Data Warehouse Market size is expected to reach USD 12.9 billion by 2026, growing at a CAGR of 22.3% from 2021 to 2026 The global Cloud Data Warehouse 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 the enterprise management, growing dependence on data-driven decision-making to improve business performance, and requirement of regulatory governance and security.
Browse 287 market data Tables and 58 Figures spread through 259 Pages and in-depth TOC on "Cloud Data Warehouse 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"
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 Cloud Data Warehouse 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 Cloud Data Warehouse Market is segmented by deployment type into public and private cloud. The public cloud segment account for a higher share of the Cloud Data Warehouse 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 Cloud Data Warehouse solutions in the healthcare sector was comparatively slow. However, over the past years, the increase in the usage of Cloud Data Warehouse 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.
APAC to grow at a higher CAGR during the forecast period.
There is an increasing demand for Cloud Data Warehouse, which is cloud-driven and cloud-supported, in the APAC region, thereby resulting in increasing investments and technological advancements across various industries. BFSI is one of the biggest industry verticals in the APAC region, followed by manufacturing, and retail, and e-commerce. Due to the global competition, lower operational costs and higher productivity have become major concerns for local manufacturers, which need to be addressed immediately to stay competitive in the market. Companies in this region continue to focus on improving their customer service to drive competitive differentiation and revenue growth. This is pushing companies to explore hosted and cloud alternatives for on-premises-based Cloud Data Warehouse solutions. China, Japan, and Australia and New Zealand (ANZ) are the leading countries in terms of the adoption of the cloud data warehouse services in the region.
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The Cloud Data Warehouse 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 Cloud Data warehouse market with their company profiles, recent developments, COVID-19 developments, and key market strategies.
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The Global Cloud Data Warehouse Market size exceeded USD 11 Billion and is estimated to grow at over 10% CAGR over the forecast period 2021- 2027.Cloud data warehousing, also known as enterprise data warehousing, is a data analysis and reporting system that is considered the heart of business intelligence.
The cloud data warehousing market size will increase due to increasing digitalization and increasing demand for business intelligence among businesses to gain a competitive edge.
Data from past transactions is stored in the warehouse, but it also includes data from other sources.
It includes details from a macroeconomic overview of the global market to industry performance, recent trends, key market drivers and challenges, Porter's five forces analysis, SWOT analysis, value chain analysis.
Please contact us on:https://www.introspectivemarketresearch.com/inquiry/14634The Global cloud data warehousing Market Report was produced through extensive primary and secondary studies.
The report also focuses on qualitative and quantitative assessments by analyzing data collected from industry analysts and market participants across key points in the industry's value chain, growth aspects, utilization and manufacturing capabilities.Effective Points Covered in Cloud Data Warehouse Market Report: -Details Competitor analysis with accurate, up-to-date demand-side dynamics information.Standard performance against major competitors.Identify the growth segment of your investment.Understanding most recent innovative development and supply chain pattern.Establish regional / national strategy based on statistics.Develop a strategy based on future development possibilities.
