COVID-19 Impact Review: DWaaS Market | Know the Challenges and Trend Analysis

Posted by Devanshu Shrivastava on November 23rd, 2020

As the online retail sector is growing, companies are adopting AI for predicting customer behavior through analytics, thereby leading to the high demand for DWaaS solution. Geographically, North America emerged as a major DWaaS market in the past. The region is further expected to make the most of these solutions in the coming years, owing to the increasing use of data analytics in healthcare, BFSI, government, and retail & e-commerce sectors.  

The two types of DWaaS are operational data warehouse (ODS) and enterprise data warehouse (EDW), between which, the demand for EDW has been higher in the past. The demand for this type is further projected to be the highest during the forecast period, owing to the fact it enables companies to sort and access data from a number of sources. This way, significant business processes’ decisions can be taken easily. The demand for ODS is also expected to rise considerably in the coming years. 

Data from several sources can be integrated on a single platform easily with such solutions, which further makes operational reporting easy. In addition to this, ODS makes use of BI tools for deriving useful interferences from the latest data. The major industries that are making use of DWaaS are manufacturing, government, BFSI, retail & e-commerce, healthcare, and IT & telecom, among which, the retail & e-commerce industry is predicted to make significant use of these solutions in the coming years. 

 Therefore, the market is growing due to the swift digitization and increasing penetration of internet and smartphones. This market research report provides a comprehensive overview of the DWaaS market

• Historical and the present size of the DWaaS 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