COVID-19 Impact Data Warehouse as a Service Market by Application, Vertical, Deployment Model, Organization Type and Size – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The “Global 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 and ODS) and organization size – forecast to 2026 “has been added to ResearchAndMarkets.com offer.

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 against 4.7 billion USD in 2021.

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

The recent economic downturn with the impact of COVID-19 emphasizes the need for alternative 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 position in the short term while targeting continued long term growth and expansion. Organizations in different verticals benefit from data warehouse services due to a variety of benefits including higher availability, low latency, scalability, and enterprise-grade security.

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

Based on type, the market is segmented into two categories: enterprise data warehouse as a service and operational data storage. The operational data storage market is expected to grow at a higher CAGR during the forecast period. This growth is mainly due to the growing demand for real-time data analysis and reporting. Implementing ODS in an enterprise complements the existing data infrastructure and supports current and future business needs. In addition, the increasing 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 rapidly growing data volumes and to adhere to regulatory compliance mandates.

Public cloud segment will account for higher market share during the forecast period

The DWaaS market is segmented by type of public and private cloud deployment. The public cloud segment accounts for a higher share of the DWaaS market during the forecast period owing to the increased investment in mobility, collaboration and other remote working technologies and infrastructure. As the private cloud model is gaining popularity in organizations to overcome data security and privacy challenges.

Healthcare and Life Sciences vertical industry is expected 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 tremendous development, with technological advancements improving the overall vertical sector. The quality of the information and the interest in quality medical administrations have gradually emerged. Initially, due to the complexity of the data and a variety of medical and clinical data, the adoption of DWaaS solutions in the healthcare industry was relatively slow. However, in recent years, the increased use of DWaaS solutions has proven to be useful in administrative and clinical fields. The vast amounts of data generated over the years have been used in a variety of fields, from improving patient health to testing pharmaceuticals.

North America will represent 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 rate, future trends, market drivers and impact of COVID-19. North America is expected to hold the highest market share in the global DWaaS market during the forecast period. After 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 (United States) and Canada, and the emphasis on innovations obtained from R&D and advanced technologies. The increased penetration of DWaaS solutions in several verticals, such as manufacturing, healthcare and pharmaceuticals, as well as government and public sector, is driving the growth of this market in this region. PAC and MEA are also expected to experience high growth rates during the forecast period.

Market dynamics

Conductors

  • Growing role of business intelligence and data analysis in business management

  • Growing reliance on data-driven decision making to improve business performance

  • Regulatory governance and security requirement

Constraints

  • Lack of resources and expertise

  • High cost of implementation and complexity of using data warehouse services

Opportunities

  • Rapid deployment of large-scale cloud data warehouses

  • Increased adoption of virtual data warehouse to speed up data access process

Challenges

  • Lack of proper structure for access control

  • Guarantee acceptable data quality

Companies mentioned

  • 1010Data

  • Accur8 software

  • Actian

  • At scale

  • aws

  • Cloudera

  • Google

  • Ibm

  • Marklogic

  • Micro focus

  • Microsoft

  • Netavis software

  • Oracle

  • Panoply

  • Pivot

  • Sap

  • Single store

  • Snowflake

  • Solver

  • Teradata

  • Transdistortion

  • Veeva Systems

  • yellow brick

For more information on this report, visit https://www.researchandmarkets.com/r/b6xhfv

About William G. Patrick

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