Cloud Data Warehouse Market - Forecast(2024 - 2030)

Cloud Data Warehouse Market is forecast to reach $39.1 billion by 2026, after growing at a CAGR of 31.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud Data Warehouse for computing in various organizations for different applications is analyzed to boost the Cloud Data Warehouse Market. Moreover the cloud Data Warehouses provide the customers with improved performance, service resilience and so on, thereby enhancing the overall market demand for Cloud Data Warehouse during the forecast period. The Cloud Data Warehouse market is driven primarily due to rising usage of internet of things, cloud computing as well as rising demand for data extraction through online analytical processing and massively parallel processing. IOT data is complex, accessible by multiple users and many complex queries, both SQL and NoSQL implemented storage, and transactions need to be handled through IOT applications. Cloud Data Warehouse makes the data secure and reliable. Furthermore, Cloud Data Warehouse provides customer with data storage, automatic data backups and replication thereby boosting the adoption of Data Warehouse as a Service (DBaaS) during the forecast period 2021-2026.

The report: “Cloud Data Warehouse Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cloud Data Warehouse Market.

By Deployment Model: Public cloud, Private cloud, Hybrid cloud

By Data Warehouse Type: SQL Data Warehouse, NoSQL Data Warehouse

By Software: Data Warehouse Application Builder, Data Scaling & Replication, Backup & Recovery, Data Warehouse Encryption and Others

By Services: Training and Consulting Services, System and Network Integration, Deployment and Maintenance

By Organization Size: Small and Medium Enterprises, Large Enterprises

By End User: BFSI, Retail, Healthcare and Life sciences, IT and Telecom, Education, Government and Public Sector and Others

By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and Others), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and Others), RoW (Middle East and Africa)

Large enterprises held the largest share in the Cloud Data Warehouse Market in 2020 and are projected to grow at a CAGR of 33.1% through 2021-2026. Large enterprises are majorly opting for private cloud Data Warehouses based on No SQL implemented storage thereby ensuring security along with additional benefits including reduced infrastructure configuration, management overheads and so on. Enterprises can use the cloud virtualization solutions, tools and Data Warehouses to develop their cloud based applications and solutions. The rising usage of Data Warehouses as a virtual image machine will further drive the market. Forbes has stated that 83% of enterprise workloads will be in cloud by 2020 thereby creating a wide range of opportunities for the Cloud Data Warehouse Market. It has also stated that in 2019 alone, 30% of all the IT budgets were allocated to the cloud computing thereby contributing to the market share. However small and medium scale enterprises are analyzed to have highest growth rate during the forecast period 2021-2026.

IT and Telecom held the major market share Cloud Data Warehouse Market in 2020 and is also analyzed to grow at highest CAGR of 39.70% during the forecast period 2021-2026. Cloud computing is majorly deployed in IT industry majorly owing to the advantages such as high scalability, low cost and accessed through cloud platform. Moreover the increasing demand for IoT and adoption for Data Warehouse as a server is contributing to the overall IT industry. Adding up to these factors, deployment of cloud digital Data Warehouse reduces the IT complexities and operational costs. It helps in creating Virtual machine images as well. Further the employment of big data management in BFSI applications is also analyzed to boost the market for No SQL implemented storage in DBaaS solutions during the forecast period 2021-2026.

In 2020, North America dominated the Cloud Data Warehouse Market with a market share of 41.5%, followed by APAC and Europe. The major factors contributing to the major market share is the presence of large cloud Data Warehouse vendors including Amazon, Google, Oracle and so on, as they provide enhanced advanced technical architecture and cloud Data Warehouse security to the customers in this region thereby boosting the market during the forecast period 2021-2026. APAC is also analysed to grow at a highest rate during forecast period owing to the increasing adoption of IoT and the major shift of the various enterprises towards the cloud computing. Moreover the significant rise in the investments towards the shift of enterprises and the use of IoT in various applications including smart homes, roads and so on are boosting the Cloud Data Warehouse Market.

Cloud Data Warehouse eliminates physical infrastructure, provides faster time to application development at lower cost. Moreover DBaaS solutions provide the benefits including instantaneous scalability, performance guarantees, failover support, declining pricing and specialized expertise. With the rise in cloud computing the demand for server and DBaas has significantly increased, primarily DBaaS provision benefits including lower Data Warehouse licensing and infrastructure costs and so on are impacting in the rise of the demand for DBaas market thereby elevating the growth of the Cloud Data Warehouse Market.

Storage capacity automatically scale up if the user is near to its limit. This helps the user by saving the time that might be wasted for future data storage estimation or spending money on capacity until needed. Supporting transactions, maintaining strong consistency and high availability across regions and continents a scalable Data Warehouse service called Cloud Spanner was built. The cloud spanner provides customer with strong listing consistency that reduces the probability of missing files in the midst of huge pile of data. Moreover, No SQL implemented storage in the cloud ensures affordability and the data can be easily accessed from anywhere around the world thereby boosting the market growth. The rise of cloud computing has driven the adoption of SQL based cloud Data Warehouses which will propel the market.

Security concern is the major factor impacting the Cloud Data Warehouse Market. The customers are unaware of the exact data storage location. Some face certain issues includes data breaches, compromised credentials, hacked interfaces and so on. Hence the storage of sensitive data in the Data Warehouses may sometimes lead to loss of the businesses. Therefore the above factors hamper the growth of the Cloud Data Warehouse Market.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cloud Data Warehouse Market. In 2020, the market of Cloud Data Warehouse has been consolidated by the top ten players including Google Inc., Amazon, Oracle corp., Microsoft corp., IBM Corp., Rackspace Inc., Salesforce Inc., SAP SE., Centurylink cloud among others.