The global cloud data warehouse market size was USD 5.80 Billion in 2022 and is expected to register a revenue CAGR of 22.3% during the forecast period. Growing adoption of cloud-based technology in cloud data warehouses, rising demand for big data analytics in case of storing huge data, and increasing role of Artificial Intelligence (AI) and cloud security are some of the major factors driving the market revenue growth. In addition, increasing acquisitions and investments by key market players and rising government initiations on cloud services are driving revenue growth of the market.
Growing adoption of cloud-based technology in cloud data warehouses is a major factor driving revenue growth of the market. In contrast to on-premises data warehouses, cloud data warehouses can be accessed across the globe. Furthermore, modern data warehouses have access control capabilities to ensure that only the people who need data for business intelligence have access to it. Many servers commonly share the burden of cloud data warehousing. These servers process massive amounts of data quickly and efficiently. With its improved computational capability and streamlined data administration, businesses can now obtain current, accurate, and enriched data anytime they require it. In addition, increasing acquisition and investment by key market players is also driving revenue growth of the market. For instance, on 10 May 2023, Informatica, a leader in enterprise cloud data management, announced substantial enhancements to its top-of-the AI-Powered Intelligent Data Management Cloud (IDMC) at Informatica World 2023, the company's annual client conference, which is currently taking place in Las Vegas. The improvements in data engineering, MDM uses, and data governance will assist organizations in further reducing costs, maximizing resources, improving productivity, and accelerating time to value.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
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Key companies operating in the Cloud Data Warehouse market include:
Amazon.com, Inc., Alibaba Cloud, Huawei Technologies Co., Ltd., Google LLC, Microsoft, IBM, Hewlett Packard Enterprise Development LP, Oracle, Teradata., Snowflake Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Cloud Data Warehouse market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Cloud Data Warehouse Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Cloud Data Warehouse Market Segmentation:
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Type Outlook (Revenue, USD Billion; 2019-2032)
- Operational data storage
- Enterprise DWaaS
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Application Outlook (Revenue, USD Billion; 2019-2032)
- Customer Analytics
- Predictive Analytics
- Data Modernization
- Business Intelligence
- Others
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Deployment Type Outlook (Revenue, USD Billion; 2019-2032)
- Public cloud
- Private cloud
- Hybrid cloud
Cloud Data Warehouse Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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