Data Warehouse-as-a-Service (DWaaS) provides a solution to address data management challenges. A data warehouse is a central repository of information that can be analyzed to make better informed decisions. Data flows into a data warehouse from transactional systems, relational database, and other sources, typically on a regular cadence. It is a blend of technologies and components that aid in strategic use of data.
It is electronic storage of a large amount of information by a business, which is designed for query and analysis instead of transaction processing. It is a process of transforming data into information and making it available to users in a timely manner to make a difference. Reduced cost, improved performance, high scalability, elasticity, and time to value are some of the benefits of data warehouse-as-a-service.
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Factors such as increase in use of private cloud services and column-oriented method of data warehousing platforms strengthen government policies and increase in data volume drives growth of the data warehouse-as-a-service market. However, less skilled working personal and high investments in legacy system restrict to shift on new ETL systems hinder growth of the data warehouse-as-service market globally. Furthermore, rise in adoption of data warehouse-as-service among SME’s, along with growing penetration of cloud technology in almost every industry vertical provides numerous opportunities for the market growth.
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Due to advancements in technology such as artificial intelligence and cloud computing, use of cloud-based servers in various industrial verticals has increased over traditional physical based servers, which are deployed in premise, which drives the data warehouse-as-a-service market growth globally.
As large volume of data is generated by organizations, how to store such large amount of data in proper manner is solved by data ware housing as well as government rules and regulation against data leakage due to rise in incidents of data theft and data leakage, which drives the data warehouse-as-a-service market for data warehouse-as-a-service globally.
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Leading players in the market are IBM Corp., Oracle Corp., Microsoft Corp., Teradata Corp., EMC Corp., Infobright Inc., Amazon Web Service Inc., SAP SE, Snowflake Computing Inc., Google LLC.
Key Benefits of the Report –
- This study presents the analytical depiction of the global data warehouse-as-a-service market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of data warehouse-as-a-service market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global data warehouse-as-a-service market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed data warehouse-as-a-service market analysis based on competitive intensity and how the competition will take shape in coming years.
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