According to Data Bridge Market Research new Market report, global data warehouse as a service market will account to an estimated USD 1.29 billion in 2018 growing at a CAGR of 23.92% during the forecast period of 2019 to 2026.
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Data warehouse as a service is an outsourcing system in which entire servers are outsourced to individual service providers instead of installing them on site. The data generated from these organizations is stored in these outsourced servers and the software required is also installed by the these service providers.
Global data warehouse as a service market is segmented on the basis of type, usage, deployment model, organization size, application, industry vertical and geography.
By Type (Enterprise Data Warehouse as a Service, Operational Data Storage), Usage (Data Mining, Reporting, Analytics), Deployment Model (Hybrid Cloud, Public Cloud, Private Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application (Customer Analytics, Risk and Compliance Management, Asset Management, Supply Chain Management, Fraud Detection and Threat Management, Others), Industry Vertical (Banking, Financial Services, and Insurance, Retail and Ecommerce, Healthcare and Pharmaceuticals, Telecommunications and IT, Government and Public Sector, Manufacturing, Media and Entertainment, Travel and Hospitality, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN DATA WAREHOUSE as a SERVICE MARKET
Growth of data generated through various IP servers globally
Growth of the traffic generated through the different data centers and IP addresses has resulted in the need for storage and analysis of data and reduction of cost. This is where the need for data warehouse as a service comes in as they are basically servers for the organizations without having the need for installing infrastructures and having services on their premises, as these services are provided for by the outsourcing companies.
Few of the major competitors currently working in the data warehouse as a service market are Google LLC, IBM Corporation, Amazon Web Services, Inc., Microsoft, SAP SE, Snowflake Computing Inc, 1010data, Teradata, Micro Focus, Hortonworks Inc., Cloudera, Inc., Pivotal Software, Inc., Solver, Yellowbrick Data, Inc., Panoply Ltd, MarkLogic Corporation, MemSQL Inc., LUX Fund Technology & Solutions, Inc and Accur8 Software.
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