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Multi-Cloud Data Warehouse Market By Application (Business Intelligence, Customer Analytics, Data Modernization, Operational Analytics, Predictive Analytics) By Type(Enterprise DWaaS, Operational data storage) By Organization Size (Large Enterprises, SMEs) - Growth, Future Prospects, and Competitive Analysis 2016 - 2028

Market Introduction of Multi-Cloud Data Warehouse Market

With multi-cloud infrastructure, businesses may maintain a hybrid cloud environment that offers cost savings and security at the same time. The work which requires the highest level of security is maintained in the private cloud, while normal business data and apps are handled in affordable public cloud networks. A relational database is used in query processing and analysis using a data warehouse, often known as an enterprise data warehouse (EDW). Businesses often use it because of the enormous amount of data that can be kept in these warehouses. Information acquired from prior transactions is also kept in the warehouse. 

multi-cloud-data-warehouse-market

What is the worth of the Multi-Cloud Data Warehouse market?

With a CAGR of 6.5 %, the Multi-Cloud Data Warehouse market is anticipated to expand rapidly over the next years. According to estimates, the market for Multi-Cloud Data Warehouse would be worth USD 30.1 billion in 2021 and USD 58.46 billion by 2028. The demand for Multi-Cloud Data Warehouse is expected to increase significantly in the approaching years, offering the top industry players a potential revenue stream of USD 4.1 billion.              

What is the Multi-Cloud Data Warehouse Market's dominant type segment?

The operational data storage market accounted for about 55.0% of the entire Multi-Cloud Data Warehouse equipment in 2021. A higher CAGR is estimated for the operational data storage market throughout the forecasted period. The main cause of the increase is the growing demand for real-time data analytics and reporting. The implementation of ODS in a company satisfies both short- and long-term requirements while completing the existing data infrastructure. Additionally, future development prospects for the ODS industry are anticipated due to the growing use of AI in data warehouses. Companies in the cloud data warehouse market provide cutting-edge solutions to handle the exponential growth of data amounts and meet regulatory criteria. Elements that can be attributed to numerous benefits, such as varied data type compatibility, unlimited storage, on-demand computing, and flexible pricing structures, drive demand for this market sector.

Interesting Facts about Multi-Cloud Data Warehouse Market

  • The main exporters of Multi-Cloud Data Warehouse equipment are the US, Canada, Germany, Japan, China, and India.
  • The increasing demand for specialized storage systems to handle the spike in data volume is the major reason propelling the growth of the global data warehousing industry.
  • Over the projection period, market growth is constrained by data warehousing complexity, rising operational expenses, and inadequate data warehouse architecture.
  • The Asia Pacific will have the largest share of Multi-Cloud Data Warehouse equipment in 2021.
  • Operational data storage will expand rapidly over the projection time.

Who are the Top players/companies in the Multi-Cloud Data Warehouse market regarding value?

Ten10Data (US), AWS (US), IBM (US), Microsoft (US), SAP (Germany), Google (US), Oracle (US), Micro Focus (UK), Snowflake (US), Teradata (US), and Transwarp are the leading companies in the global market in terms of value (China). To enhance the Multi-Cloud Data Warehouse, they manufacture and gain a competitive market share globally; these leading players are concentrating on technological developments and new product improvements. Additionally, several local and national businesses are investing heavily to broaden their product lines and increase sales. In May 2020, Enterprise cloud data management suppliers Informatica and SAP collaborated to facilitate enterprises' cloud migration by combining SAP's data and analytics cloud portfolio with Informatica Intelligent Cloud Services.

Which 10 countries are leading the Multi-Cloud Data Warehouse market?

China, India, the United States, Canada, the United Kingdom, Germany, France, Italy, Brazil, and Japan are the top exporters of Multi-Cloud Data Warehouse equipment worldwide. In 2021, China will command a sizeable portion of the worldwide market for Multi-Cloud Data Warehouse hardware. Manufacturing is the most significant industry vertical in the APAC area, followed by retail, e-commerce, and BFSI. Additionally, it is projected that the Multi-Cloud Data Warehouse equipment market in South Asia and South East Asia will grow significantly in the next years.

Which is the Major Vertical in the Multi-Cloud Data Warehouse Market?

The healthcare and life sciences segment dominated the Multi-Cloud Data Warehouse equipment market. Healthcare and life sciences are among the sector verticals with the quickest growth rates due to the industry's rapid technological advancement and other structural changes. The value of high-quality information and the desire for high-quality medical actions have continuously increased. The adoption of such kind of technology in the healthcare industry was initially comparable delayed due to the complexity of the data and the variety of medical and clinical data. However, cloud data warehouse solutions have been more popular over the past few years and have been successful in administrative and clinical settings. Numerous industries, including drug testing and patient health improvement, have used the enormous volumes of data gathered over the years.

What are the Market's Key Growth Drivers for Multi-Cloud Data Warehouse?

The need for column-oriented data warehouse solutions to perform advanced analytics, the rise in growth for the dedicated storage systems to handle the surge in data volume, and the demand for low-latency, real-time views, and analytics on operational data are some of the major factors propelling the growth of the global data warehousing market. The use of contemporary business intelligence tools by companies, for which data warehousing is crucial, and an increase in corporate understanding of how to use expanding streams of data from various sources in novel ways are predicted to fuel the market's growth. It is anticipated that the trend toward virtual data warehousing and the growing usage of AI in data warehousing would offer appealing possibilities for growing the worldwide business.

What are the main obstacles to the market for multi-cloud data warehouses?

The rise in operational costs, the complexity of data warehousing, and ineffective data warehouse design are anticipated to act as the primary limitation on the worldwide multi-cloud data warehouse market, limiting market expansion. Without sufficient access control, private information may be made available to unauthorized users, severely impeding business growth. Consequently, the installation of data warehouses requires a precisely defined access control system.

Which Region Dominated the Multi-Cloud Data Warehouse Market?

The Asia Pacific dominated the world market for Multi-Cloud Data Warehouse hardware in 2021. The need for cloud-driven and cloud-supported Cloud Data Warehouse is growing in the APAC region, which has stimulated investment and produced technological advances across various industries. The largest end user in the APAC region is manufacturing, followed by retail, e-commerce, and BFSI. Due to the global rivalry, lower operational costs and improved productivity have emerged as major challenges for local producers; these concerns must be quickly overcome to retain market competitiveness. Businesses in this area continue to improve customer service to stand in the competition and increase income. Businesses are compelled to look into hosted and cloud alternatives to on-premises Cloud.

Segmentation of Global Multi-Cloud Data Warehouse Market-

Global Multi-Cloud Data Warehouse Market – By Application

  • Business Intelligence
  • Customer Analytics
  • Data Modernization
  • Operational Analytics
  • Predictive Analytics

Global Multi-Cloud Data Warehouse Market – By Type

  • Enterprise DWaaS
  • Operational data storage

Global Multi-Cloud Data Warehouse Market – By Organization Size

  • Large Enterprises
  • SMEs

Global Multi-Cloud Data Warehouse Market – By Vertical

  • BFSI
  • Energy and utilities
  • Government and public sector
  • Healthcare and life sciences
  • IT and ITeS
  • Manufacturing
  • Media and Entertainment
  • Retail and consumer goods
  • Telecommunications
  • Others

Global Multi-Cloud Data Warehouse Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Multi-Cloud Data Warehouse market

Multi-Cloud Data Warehouse Market also suffered from the COVID 19 pandemic, which resulted in a decline in revenue generated in 2020 due to the temporary suspension of different development projects as well as many deals were also suspended by different industries.

North America accounted for the highest share in the global Multi-Cloud Data Warehouse market.

The rising demand for dedicated storage systems to handle the surge in data volume and the demand for column-oriented data warehouse solutions to perform advanced analytics are the major factors driving the market's growth.

Operational data storage had a major share in 2021 with around 70% of the market revenue share.

Healthcare and life sciences segment had a major share in the global market in 2021

Multi-Cloud Data Warehouse Market Scope

Report Attribute Details
Market Value in 2021 USD 30.1 billion
Market Value in 2028 USD 58.46 billion
CAGR 6.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Aug 2022
Category:  Technology & Media
Report ID:   60607
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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