The demand for DWaaS solutions is growing rapidly across the globe. This is, in turn, driving the expansion of the global data warehouse as a service (DWaaS) market. As a result, the valuation of the market is predicted to grow from $1.4 billion in 2019 to $23.8 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 29.2% between 2020 and 2030.
Depending on type, the market is divided into operational data store (ODS) and enterprise data warehouse (EDW) categories. Between these, the ODS category is predicted to exhibit faster growth in the DWaaS market in the forthcoming years. This will be because these solutions enable the integration of data from various sources on a single platform, which, in turn, makes operational reporting easier and hassle-free.
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Moreover, various regional countries such as India, Singapore, Hong Kong, and Australia are witnessing surging digital transformation, which is subsequently pushing up the requirement for DWaaS solutions in the region. Hence, it is safe to say that the demand for DWaaS solutions will skyrocket all over the world in the coming years, primarily because of the growing penetration of the internet, the rising digital transformation, and the burgeoning requirement for real-time data analysis.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
