Overview and Scope
A cloud data warehouse refers to a database stored in a public cloud that is optimized for scalable business intelligence (BI) and analytics. This is a centralized repository that stores and manages large volumes of structured and unstructured data in a cloud environment, enabling scalable analytics and data processing capabilities for businesses, data stores for efficient analytics, separation of storage and computing, data integration and management tools, scalable storage options, and enhanced security.
Sizing and Forecast
The cloud data warehouse market size has grown exponentially in recent years. It will grow from $7.3 billion in 2023 to $9.18 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to increased data volume, increase of workload patterns, data quality issues, demand for data ingestion rate, infrastructure utilization.
The cloud data warehouse market size is expected to see exponential growth in the next few years. It will grow to $22.96 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to increasing business growth projections, rapid deployment of largescale cloud dataware houses emerging data types, query complexity, increasing adoption of cloud services. Major trends in the forecast period include hybrid cloud data warehousing, advanced data integration, blockchain integration, data mesh architecture, edge-to-cloud data processing, quantum computing impact.
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Segmentation & Regional Insights
The cloud data warehouse market covered in this report is segmented –
1) By Type: Enterprise DWaaS, Operational data storage
2) By Deployment Model: Public cloud, Private Cloud
3) By organization size: Large Enterprises, Small and Medium-sized Enterprises
4) By Application: Business Intelligence, Customer Analytics, Data Modernization, Operational Analytics, Predictive Analytics
5) By Vertical: Energy and utilities, Government and public sector, Healthcare and life sciences, IT and ITeS, Manufacturing, Media and Entertainment, Retail and consumer goods, Telecommunications, Other Verticals
Asia-Pacific was the largest region in the cloud data warehouse market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud data warehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of IoT-connected devices is expected to propel the growth of the cloud data warehouse market going forward. IoT-connected devices refer to physical objects embedded with sensors, software, and connectivity features, enabling them to exchange data and interact with other devices or systems over the internet. IoT-connected devices are increasing for several reasons, such as efficiency and automation, improved decision-making, energy efficiency, smart city development, healthcare innovation, and environmental monitoring. Cloud data warehouses are highly scalable, allowing organizations to effortlessly scale their storage and processing capabilities to accommodate the increasing volume of data generated by IoT devices. For instance, in May 2023, according to reports published by IOT Analytics, a German-based industrial automation company, the global number of connected IoT devices was 16.7 billion, which increased by 18% in 2022 to 14.3 billion. Therefore, the increasing number of IOT-connected devices is driving the cloud data warehouse market.
Key Industry Players
Major companies operating in the cloud data warehouse market are Google LLC, Microsoft Corporation, Amazon Web Services, International Business Machines Corporation, Oracle Corporation, SAP SE, Micro Focus International plc, Veeva Systems Inc., Snowflake Inc., Teradata Corporation, Cloudera Inc., DataRobot Inc., MarkLogic Corporation, Actian Corporation, Yellowbrick Data Inc., AtScale Inc., Qubole Inc., Firebolt Labs Ltd., SingleStore Inc., Pivotal Software Inc., Solver Software Pty. Ltd., Cazena Inc., Accur8 Software Inc., Panoply Ltd., Netavis Software GmbH
The cloud data warehouse market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
……….
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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