Cloud Data Warehouse Global Market Report 2024

The cloud data warehouse market size has grown exponentially in recent years. It will grow from $7.3 billion in 2023 to $9.18 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth observed in the historic period can be attributed to several factors. Firstly, there has been a significant increase in data volume due to the proliferation of digital technologies and the widespread adoption of data-driven decision-making processes across industries. This surge in data volume has necessitated the implementation of scalable data warehouse solutions to effectively manage and analyze large datasets.

The cloud data warehouse market size is expected to see exponential growth in the next few years. It will grow to $22.96 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%. The anticipated growth in the forecast period can be attributed to several factors driving the evolution of cloud data warehouses. Firstly, increasing business growth projections indicate a growing demand for scalable and flexible data storage and analytics solutions to support expanding operations and accommodate larger datasets. Additionally, the rapid deployment of large-scale cloud data warehouses is expected as organizations seek to leverage the scalability and agility offered by cloud infrastructure for their data processing needs.

The cloud data warehouse market is poised for substantial growth, driven by the increasing proliferation of IoT-connected devices. IoT-connected devices, embedded with sensors, software, and connectivity features, facilitate data exchange and interaction over the internet. Their rise is fueled by factors such as efficiency, automation, enhanced decision-making, energy efficiency, smart city initiatives, healthcare advancements, and environmental monitoring. Cloud data warehouses offer high scalability, enabling organizations to effortlessly expand their storage and processing capabilities to accommodate the burgeoning volume of data generated by IoT devices. For instance, data from May 2023 by IOT Analytics reveals a significant increase in global connected IoT devices, underscoring the driving force behind the cloud data warehouse market's growth.

Key players in the cloud data warehouse market are innovating with new technologies, such as next-generation data warehouses, to maintain a competitive edge. Next-generation data warehouses leverage advanced features such as appliances, open-source technology, and cloud computing to efficiently manage and analyze data. For example, SAP SE's March 2023 launch of Datasphere aims to provide businesses with a unified experience for various data operations, including integration, warehousing, modeling, cataloging, and virtualization. It offers essential capabilities such as database security, encryption, and governance, along with advanced functionalities such as complex aggregations, time dependencies, and business hierarchies. Additionally, it includes a robust data catalog serving as a centralized repository for data and metadata, ensuring accuracy and completeness while providing lineage and governance.

In February 2023, Progress Software Corporation bolstered its data capabilities by acquiring MarkLogic Corporation for $355 million. This strategic move enhances Progress's agility in leveraging data, empowering large enterprise customers to effectively store and manage non-relational data such as graphs, triples, and unstructured data. MarkLogic Corporation's expertise in cloud data warehouses and data hub services further strengthens Progress's position in delivering comprehensive data solutions tailored to evolving business needs.

Major companies operating in the cloud data warehouse market are Google LLC, Microsoft Corporation, Amazon Web Services, International Business Machines Corporation, Oracle Corporation, SAP SE, Micro Focus International plc, Veeva Systems Inc., Snowflake Inc., Teradata Corporation, Cloudera Inc., DataRobot Inc., MarkLogic Corporation, Actian Corporation, Yellowbrick Data Inc., AtScale Inc., Qubole Inc., Firebolt Labs Ltd., SingleStore Inc., Pivotal Software Inc., Solver Software Pty. Ltd., Cazena Inc., Accur8 Software Inc., Panoply Ltd., Netavis Software GmbH.

Asia-Pacific was the largest region in the cloud data warehouse market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud data warehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cloud data warehouse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud data warehouse is a database hosted in a public cloud environment, specifically designed and optimized for scalable business intelligence (BI) and analytics purposes. It serves as a centralized repository for storing and managing large volumes of both structured and unstructured data, providing organizations with scalable analytics and data processing capabilities.

The main types of cloud data warehouses encompass enterprise data warehouses and operational data stores, each serving distinct purposes within organizations. Data Warehouse as a Service (DWaaS) represents an outsourcing model facilitating data warehouse configuration and management in the cloud, offering flexibility and convenience. These solutions are deployable through both public and private cloud environments, catering to a diverse range of enterprises including large corporations, small businesses, and medium-sized enterprises. They support various applications such as business intelligence, customer analytics, data modernization, operational analytics, and predictive analytics across multiple industry verticals including energy and utilities, government and public sector, healthcare and life sciences, information technology (IT) and information technology equipment (ITE), manufacturing, media and entertainment, retail and consumer goods, telecommunications, and more.

The cloud data warehouse market research report is one of a series of new reports that provides cloud data warehouse market statistics, including cloud data warehouse industry global market size, regional shares, competitors with a cloud data warehouse market share, detailed cloud data warehouse market segments, market trends, and opportunities, and any further data you may need to thrive in the cloud data warehouse industry. This cloud data warehouse market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud data warehouse market consists of revenues earned by entities by providing services such as data storage, data processing, performance optimization, and data governance. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud data warehouse market also includes sales of integration with BI tools, automated backup and recovery, data integration, and real-time analytics. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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