How is Surging Volume of Data Driving Demand for Data Warehouse as a Service?

Owing to rapid digitization, a huge volume of semi-structured, structured, and unstructured data is being generated all over the globe. By making use of this information, organizations can enhance their productivity, decrease future risks, retain and gain customers, and augment their profits. Ascribed to this, the need for real-time analysis of data has been growing since a while. In addition to this, the utilization of analyzing, big data storing, and managing solutions has been rising as well.

This is further leading to the growing need for data warehouse as a service (DWaaS), as with it, third-party business intelligence (BI) applications can deployed with ease and query results can be received quickly. Attributed to all these factors, the global DWaaS market is projected to attain a revenue of $23.8 billion by 2030, increasing from $1.4 billion in 2019, progressing at a 29.2% CAGR during the forecast period (2020–2030), according to a research by P&S Intelligence.

The rising E-commerce sales is further projected to offer novel opportunities for the players operating in the industry. The penetration of smartphones has risen considerably across the world, along with the penetration of internet. Presently about 3.47 billion people are making use of internet, which is why businesses have started offering services and products on online sales channels. Hence, for offering personalized experience to people, retailers are using BI tools on data warehousing solutions, since they can aid in studying customer preferences and behavior.

Get the Sample Copy of this report @ https://www.psmarketresearch.com/market-analysis/data-warehouse-as-a-service-market/report-sample

This market research report provides a comprehensive overview of the data warehouse as a service market

Historical and the present size of the data warehouse as a service 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

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