Data Warehouse as a Service (DWaaS) Market Size, Share, Trends, Industry Analysis: Research Methodology from 2022 to 2032

The global data warehouse as a service market is expected to generate sales of approximately US$ 5,484.9 million. Over the next decade, from 2023 to 2033, the demand for these services is projected to grow at a steady annual rate of 22.4%, reaching an estimated value of US$ 41,511.6 million by 2033.

Data warehouses as a service are being heavily used by financial consulting businesses to relieve them of the burden of having to update their on-premise software on a regular basis. Furthermore, customers may access services from anywhere with quick internet connectivity, which is driving up demand for data warehousing as a service in the BFSI sector. In contrast to this, less qualified workers and significant investments in outdated systems are limiting the worldwide market.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-17159

Recent Developments:  

  1. Amazon Web Services and HCL Technologies joined forces in June 2022. HCL can provide enterprise data warehousing solutions that are scalable, economical, and high-performing thanks to AWS.  
  2. HCL Technologies receives data-driven business insights from Amazon Redshift that are supported by cutting-edge AI/ML capabilities. It is to enhance decision-making, and operational effectiveness, and accelerate time to market. 
  3. The Vertical Accelerator, a brand-new, comprehensive software-as-a-service (SaaS) offering, became publicly accessible in September 2021, according to Vertica Systems, a provider of analytical database management software with a United States base. 

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