DWaaS Market Recent Trends, Developments, Challenges and OpportunitiesPosted 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
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