The biggest rage presently being witnessed in the data warehouse as a service market is the rising popularity of hybrid cloud, on account of its various advantages such as operational flexibility and the ability ton provide greater portions for deployment. Hybrid cloud technology allows companies to easily shift their on-premises infrastructure to cloud, without taking the help of a third-party service provider.
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This technology also provides higher customization, as it lets companies choose the data they want on cloud and the information they want on their on-site infrastructure. Globally, North America recorded the highest adoption of data warehouse as a service in 2019 and this trend is also expected to continue during the forecast period.
This is mainly ascribed to the rising adoption of data analytics in the e-commerce and retail, healthcare, government, and banking, financial services, and insurance (BFSI) sectors. Asia-Pacific (APAC) is expected to witness the fastest growth in the adoption of DWaaS during the forecast period, owing to the rising usage of cloud-based data warehousing solutions by insurance companies, banks, and other financial institutions.
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DWaaS solutions are used by both large and small and medium (SME) enterprises. Of these, the large enterprises recorded higher adoption of DWaaS during the historical period (2014—2019). This is mainly attributed to the fact that large companies create huge volumes of data from different sources and thus, have a greater need for managing them as compared to the SMEs.
Therefore, it can be concluded that due to the soaring demand for effective data warehousing solutions by numerous businesses across the world, owing to the increasing need for data storage and analysis, the adoption of data warehouse as a service is expected to rise considerably in the coming years.
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