The Asia Pacific Cloud Datawarehouse Market would witness market growth of 22.4% CAGR during the forecast period (2022-2028).
When a customer's storage capacity is reaching its limit, it automatically scales up. It is proven to be helpful by saving time that would otherwise be spent estimating future data storage or spending the money on the capacity that isn't required. Cloud Spanner, a scalable Data Warehouse service, was created to support transactions, maintain strong consistency, and provide highly available across the world.
Customers benefit from the cloud spanner's great listing consistency, which lowers the risk of lost data and information in the face of a massive data pile. In addition, cloud storage with No SQL ensures affordability and data availability from anywhere in the world, propelling the market growth. The usage of SQL-based Cloud Data Warehouses would accelerate the market growth due to the rise of cloud computing.
The early adoption of new technologies by end-users is a primary factor driving the market's growth in this region. Asia-Pacific is predicted to rise at a substantial rate over the forecast period, owing to an increase in the use of digital technologies across emerging economies and an increase in investments by major companies in China and India to develop their businesses.
Companies concerned with improving their customer experience, companies discovering cloud and hosted alternative options for on premise based data warehouse as a solution provider, and increasing adoption of DWaaS in Australia, Japan, New Zealand, and China are all contributing to the growing demand for cloud-supported and cloud-driven data warehouse as a service.
The China market dominated the Asia Pacific Cloud Datawarehouse Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,464.4 million by 2028. The Japan market is estimated to grow at a CAGR of 21.6% during (2022 - 2028). Additionally, The India market would witness a CAGR of 23.1% during (2022 - 2028).
Based on Type, the market is segmented into Enterprise DWaaS and Operational Data Storage. Based on Application, the market is segmented into Customer Analytics, Business Intelligence, Predictive Analytics, Data Modernization, and Others. Based on Deployment Model, the market is segmented into Public and Private. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & E-commerce, Government, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Energy & Utilities, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cloud Datawarehouse Market is Projected to reach USD 17.8 Billion by 2028, at a CAGR of 21.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, Google LLC, Oracle Corporation, SAP SE, Micro Focus International PLC, Teradata Corporation, Cloudera, Inc., and Snowflake, Inc.
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