Cloud Data Warehousing Market - Forecast(2022 - 2027)

Report Code: ITR 0319 Report Format: PDF + Excel

Cloud Data Warehousing Market Overview

The Global Cloud Data Warehousing market size is forecast to reach $35.2 billion by 2026, growing at a CAGR of 25.3% from 2021 to 2026. Unlimited storage, on-demand computing, pay-per-use model, cost affordability, multiple data support system, better performance levels with higher speed, greater flexibility and higher scalability of cloud data warehouses act as major drivers for its market growth. Increasing adoption of data analytics across various industries, inclination towards cloud computing or related cloud service models, rising digitalization in e-Commerce sector, low infrastructure requirement along with many others are further set to propel the need for cloud data warehousing in the long run.

Report Coverage

The report: “Cloud data warehousing Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cloud data warehousing Market. 
By Type: SQL Data Warehouse, NOSQL Data Warehouse
By Deployment Model: Private Cloud, Public Cloud and Hybrid Cloud
By Offering: Software (Data Scaling & Replication, Data Backup & Recovery, Data Encryption, Others), Services (Training & Consulting Services, Deployment and Maintenance, System & Network Integration)
By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
By Industry Vertical: IT & Telecom, Banking, Financial Services & Insurance (BFSI), Media & Entertainment, Healthcare & Pharmaceutical, Manufacturing, Retail, Government, Transportation & Logistics, Others
By Geography: North America (US, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Others), APAC (Japan, China, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Africa, Middle East)

Key Takeaways

  • SQL cloud data warehousing segment is anticipated to grow with the highest CAGR during 2021-2026, due to enhanced data computing and processing capabilities.
  • BFSI sector is anticipated to witness the highest growth in cloud data warehousing market during the forecast period owing to rise in cybercrimes, increasing shift towards online transactions and others.
  • North America had accounted for the largest share in 2020, in the global cloud data warehousing market attributing to factors like high investment son R&D activities, growing adoption of cloud services across enterprises and so on.

Global Cloud Data Warehousing Market Value Share, By Geography, 2020 (%)
Global Cloud Data Warehousing Market Value Share
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Cloud Data Warehousing Market Segment Analysis - By Type

SQL data warehouse segment is analyzed to grow with the highest CAGR of around 9.6% in the global cloud data warehousing market during the forecast period 2021-2026. Adoption of data storage within SQL databases have been facing wide popularity across enterprises as well as several end use sectors with high scalability benefits. SQL based data warehousing solutions are capable of dividing data as well as processing capabilities across multiple nodes, while separating out storage and computing requirements, adding to its wider adoption. Combination of cloud scale storage with SQL databases help the users to pay for query performances or storage as per usage, with benefits like easy transfer and reduced extra costs for the organization. In November 2020, Databricks announced about the launch of SQL analytics as a part of expanding scope of data science or machine learning to include all data workloads including business intelligence or SQL. This development was done to offer an architecture capable of combining data warehousing performance with data lake economics, resulting upto 9x better price/performance, compared to traditional cloud data warehouses. Such developments will further aid the market growth of SQL cloud data warehousing market in the long run.

Cloud Data Warehousing Market Segment Analysis - By Industry Vertical 

BFSI sector is analyzed to witness the fastest growth in the global cloud data warehousing market, with a CAGR of 8.5% during 2021-2026. Factors such as increasing demand of data mining for BI and data analytics to defend this sector against frauds, increasing fake insurance claims or credit risks, and so on have been attributing towards its market growth. In addition, growth of e-commerce sector coupled with increasing online transactions majorly amidst the COVID-19 pandemic had eventually raised issues like credit risks, frauds, exploitation of financial information and many others, thereby driving the need for efficient data warehousing solutions capable of handling bulks of data with ease and flexibility, alongside curbing potential threats. In February 2020, RBI data had revealed about during 10 year period from April 2009 to September 2019, total amount of Rs 615.39 crores was lost due to debit and credit card frauds. Moreover, in FY20, more than 50,000 debit card, credit card and internet banking related frauds were reported in India. The rise of financial crimes or frauds overtime is further set to boost the need for cloud data warehousing solutions in the coming time.

Cloud Data Warehousing Market Segment Analysis - Geography 

North America had dominated the global Cloud data warehousing market in 2020 with a share of around 38% and is analyzed to maintain a significant growth during 2021-2026. Factors such as advancements in digital technologies, increasing focus on data analytics, development of cloud infrastructure and many others have attributed towards its market growth. High investments on R&D activities by some key market vendors like Oracle Corporation, Amazon Web Services, Cloudera Inc. and others, growing adoption of cloud services among enterprises, along with establishment of cloud data centers in the region have further impacted the growth of cloud data warehousing. In February 2020, Microsoft announced about its plans of investing around $1.1 billion as a part of driving digital transformation in Mexico over the next five years alongside setting up of a new cloud datacenter in the country. Such factors are further set to drive the market growth of cloud data warehousing in the region in the long run. 

Cloud Data Warehousing Market Drivers

Low associated cost:

One of the major drivers boosting the growth of cloud data warehouse market is the low cost associated with them, due to which enterprises are able to reduce the overall expenses. Cloud data warehouses are independent of costly hardware requirements, time consuming upgradation processes, server rooms, regular maintenance or management services compared to on premise models, reducing overall operational costs for the organizations, gaining it wide popularity. Due to rise of data overtime, the amount of storage requirement keeps on varying overtime, cloud data warehousing helps the organizations to purchase storage independently unlike on premise warehouses, acting as a prime advantage. In September 2019, the Information & eGovernment Authority of Bahrain had announced about its plans of migrating most of their services to cloud by mid-2020, as a part of reducing IT infrastructural spending by upto 90%.

Increasing investment in cloud infrastructure:

Increasing investments in cloud infrastructures act as one of the major drivers boosting the growth of cloud data warehousing market.  Factors such as rapid digitalization, growth in e-Commerce sector as well as growing adoption of data analytics across industries, have been raising the demand towards cloud-based services, which in turn drives the need for making cloud based infrastructure investments. In November 2020, Amazon Web Services had revealed about its plans of investing around $2.77 billion for setting up cloud infrastructure region in Hyderabad, India by mid-2022. This investment was meant to serve growing customer bases across the country, which is further set to influence the growth of cloud data warehousing in the long run.

Cloud Data Warehousing Market Challenges

Security concerns:

With rising adoption towards cloud, data security acts as a major challenge impeding the market growth for cloud data warehousing. Cloud data storage becomes an easy target of cyber criminals, leading to misuse or exploitation of sensitive data of the organizations, as large amounts of confidential data is getting stored on cloud premises for better scalability and rising shift of migration from traditional storage. Loss of such important data from any reason can cause an adverse impact on market reputation of the organization. In April 2020, Marriot International suffered a data breach which affected approximately 5.2 Million customer’s personal information. Such type of data breaches and cyber-attacks restrain the deployment of cloud data warehouse regarding organization’s security system.

Cloud Data Warehousing Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Cloud Data Warehousing market. The major key players include Amazon Web Services, Oracle Corporation, SAP SE, Snowflake Inc., Cloudera Inc., IBM Corporation, Yellowbrick Data Inc., Actian Corporation, Google Inc., Teradata Corporation among others.

Acquisitions/Technology Launches

  • In April 2021, Amazon Web Services announced about the availability of a distributed and hardware accelerated cache, named AQUA for Amazon Redshift. This development was meant to help deliver ten times better query performance compared to other types of enterprise cloud data warehouses.
  • In March 2021, Yellobrick Data announced about the launch of a channel partner program, named Velocity Partner Network, in order to offer unmatched cloud data warehousing for enterprises, through game-changing simplicity, performance and return on investment, catering to customer needs.

Relevant Report Titles:

Report Code: ITR 0249

Report Code: ITR 0115

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1. Cloud Data Warehousing Market Overview
    1.1 Definitions and Scope
2. Cloud Data Warehousing Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Industry Vertical 
    2.3 Key trends segmented by Geography
3. Cloud Data Warehousing Market
    3.1 Comparative Analysis
        3.1.1 Product/Service Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Cloud Data Warehousing Market – By Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital Funding
5. Cloud Data Warehousing Market – By Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework
    5.2 Customer Analysis
    5.3 Case Studies
    5.4 Ease of Doing Business Index
6. Cloud Data Warehousing Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Network of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Network of substitutes 
7. Cloud Data Warehousing Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Partners
8. Cloud Data Warehousing Market – By Type
    8.1 SQL Data Warehouse
    8.2 NOSQL Data Warehouse
9. Cloud Data Warehousing Market – By Deployment Model
    9.1 Private Cloud
    9.2 Public Cloud
    9.3 Hybrid Cloud
10. Cloud Data Warehousing Market – By Offering 
    10.1 Software
        10.1.1 Data Scaling & Replication
        10.1.2 Data Backup & Recovery
        10.1.3 Data Encryption 
        10.1.4 Others
    10.2 Services
        10.2.1 Training & Consulting Services
        10.2.2 Deployment & Maintenance
        10.2.3 System 7 Network Integration
11. Cloud Data Warehousing Market – By Organization Size
    11.1 Small and Medium Enterprises (SMEs)
    11.2 Large Enterprises
12. Cloud Data Warehousing Market – By Organization Size
    12.1 Small and Medium Enterprises (SMEs)
    12.2 Large Enterprises
13. Cloud Data Warehousing Market– By Industry Vertical
    13.1 IT & Telecom
    13.2 Banking, Financial Services & Insurance (BFSI)
    13.3 Media & Entertainment
    13.4 Healthcare & Pharmaceutical
    13.5 Manufacturing
    13.6 Retail
    13.7 Government
    13.8 Transportation & Logistics
    13.9 Others
14. Cloud Data Warehousing Market – By Geography
    14.1 North America
        14.1.1 U.S
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 UK
        14.2.2 Germany
        14.2.3 France
        14.2.4 Italy
        14.2.5 Spain
        14.2.6 Others
    14.3 APAC
        14.3.1 China
        14.3.2 Japan
        14.3.3 South Korea
        14.3.4 India
        14.3.5 Australia
        14.3.6 Others 
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Others
    14.5 RoW
        14.5.1 Middle East
        14.5.2 Africa
15. Cloud Data Warehousing Market - Industry Landscape Analysis (Premium)
    15.1 Market Share by Offering
    15.2 Market Share by Organization Size
    15.3 Market Share by Industry Vertical
    15.4 Market Share by Geography
16. Cloud Data Warehousing Market - Key Companies by Country (Premium)
17. Cloud Data Warehousing Market Entropy
    17.1 New Product Launches
    17.2 M&As, Collaborations, JVs and Partnerships
18. Cloud Data Warehousing Market - Company Analysis
    18.1 Amazon Web Services
    18.2 Oracle Corporation
    18.3 SAP SE
    18.4 Snowflake Inc.
    18.5 Cloudera Inc.
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10
19. Cloud Data Warehousing Market – Appendix
    19.1 Abbreviations
    19.2 Sources