Cloud Data Warehouse Market - Forecast(2021 - 2026)

 

Cloud Data Warehouse Market Overview

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.


Report Coverage

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)


Key Takeaways

  • North America dominates the Cloud Data Warehouse Market owing to high adoption of cloud computing and storage by the large enterprises and SMEs in the region.
  • The growing demand from the large scale enterprises for digital Data Warehouse management and storage, is likely to aid in the market growth of Cloud Data Warehouse Market during the forecast period 2020-2025.
  • The increased number of investments in the IoT applications and its impact on the IT and telecom industry is analyzed to impose a significant rise in the demand for data management services thereby creating significant number of opportunities in Cloud Data Warehouse Market during 2021-2026.

Cloud Data Warehouse Market, By Data Warehouse Type, 2020



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Cloud Data Warehouse Market Segment Analysis - By Organization Size

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.


Cloud Data Warehouse Market Segment Analysis - By Application

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.
Location: United States

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