DWaaS Market Recent Trends, Developments, Challenges and Opportunities

Posted by Devanshu Shrivastava on April 2nd, 2021

The burgeoning requirement for real-time data analysis is one of the major factors fueling the demand for data warehouse as a service (DWaaS) solutions across the globe. With increasing digitization, huge volumes of semi-structured, structured, and unstructured data are being generated. Many organizations around the world are leveraging this information for improving their productivity, retaining customers, augmenting their profits, and reducing future risks.

Due to this reason, the worldwide demand for big data analyzing and storing solutions is rising rapidly. The adoption of DWaaS solutions allows the deployment of third-party business intelligence (BI) applications. Besides these factors, the surging adoption of cloud-based solutions is also positively impacting the demand for DWaaS technology all over the globe.

Furthermore, the surge in e-commerce sales, on account of the growing internet penetration and the mushrooming usage of smartphones, is creating lucrative growth opportunities for the DWaaS services developing companies all over the world. As per many reports, 3.47 billion people across the world are currently using the internet.

This is making companies switch to digital platforms for selling their products and services. Moreover, online platforms provide better deals, easy price comparisons, home deliveries of products, greater product varieties, and 24X7 hassle-free and comfortable shopping experience to customers. Many retailers are increasingly adopting BI tools on data warehousing solutions for providing a personalized experience to customers.

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

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Devanshu Shrivastava

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Devanshu Shrivastava
Joined: January 31st, 2020
Articles Posted: 105

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