Information Communication and Technology Reports Data Warehouse as a Service (DWaaS) Market

Data Warehouse as a Service (DWaaS) Market size is expected
to grow from USD 1.2 billion in 2018 to USD 3.4 billion by 2023
According to a new market research report” Data Warehouse as a Service (DWaaS) Market by Application
(Customer Analytics, Asset Management, Fraud Detection & Threat Management), Usage, Industry Vertical,
Deployment Model, Type (EDWaaS & ODS) & Organization Size - Global Forecast to 2023", published by
MarketsandMarkets™, The data warehouse as a service market size is expected to grow from USD 1.2 billion in
2018 to USD 3.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period.
The key factors driving the data warehouse as a service market include increase in private cloud adoption,
increased adoption of column-oriented data warehouse to perform advanced analytics, and proliferation of data.
Browse and in-depth TOC on “Data Warehouse as a Service (DWaaS) Market”
74 - Tables
46 - Figures
166 - Pages
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BFSI to account for the largest market size in 2018
BFSI has been a dominant industry across all regions, dealing with massive volumes of customer data generated on
a daily basis. The industry has observed high adoption of advanced technology solutions to manage and analyze
this data. Further, the industry drives the adoption of advanced solutions required to cater to the regulatory and
compliance requirements in the industry. With advanced cloud-based solutions available in the market,
organizations in the BFSI industry are efficiently managing their data spread across various departments and
regions. Further, cloud-based data warehouses present a viable alternative to prevalent on-premises legacy data
warehouses in the industry, enabling organizations to leverage cloud to lower their operational costs.
The increasing data privacy and security requirements to drive the adoption of data warehouse services in SMEs
and large enterprises
Cloud-based data warehouse enables organizations to get a comprehensive view of their customer transactions
and data, enabling various teams across the organization to quickly assort information and analyze it to drive
customer engagement initiatives. With data stored in a single repository, organizations can easily ensure the
privacy and security of their customer and transactional data, reducing the risks associated with failure to comply
with various industry regulations and compliance requirements.
The operational data store segment to grow at a higher CAGR during the forecast period
The data warehouse as a service market by type has been segmented into enterprise data warehouse as a service
and operational data store. Operational data stores in the data warehouse as a service market refer to cloud-based
data warehouse solutions to store and analyzes data in real-time. Operational data stores are expected to grow at
a higher rate due to increasing demand for real-time analytics and reporting.
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