The Latin America, Middle East and Africa Cloud Datawarehouse Market would witness market growth of 23.7% CAGR during the forecast period (2022-2028).
Data warehousing systems are being impacted by artificial intelligence and machine learning technology. The application of AI and ML enables the creation of a smart data warehouse that uses machine learning to automatically optimize and modify data to meet customer requirements. Enterprises using these technologies eventually attain the ability to iteratively and continually convert data into value, which is expected to set them apart from their competitors and make them nimbler and innovative.
It also enables automated prediction, knowledge discovery, and forensic analysis using machine learning, as well as the automatic retrieval of concealed predictive information from massive databases. As a result, the adoption of these technologies for data warehousing solutions is likely to provide significant growth prospects over the forecast period.
Developing countries in the Middle East are projected to provide more growth prospects to service providers. The present economic recession, amplified by COVID-19, highlights the need for alternative business systems. The adoption of cloud computing and migration to cloud data warehouses has become critical for enterprises. This would help companies in maintaining a stable company situation in the short term while aiming for long-term growth and expansion. Data warehouse services have been used in a variety of industries for various reasons, including low latency, scalability, availability, and enterprise-grade security.
The UAE government has made several efforts to enhance the growth of the information economy over the years. The ambitious strategies have grown in tandem with the country's technical capabilities, resulting in Vision 2021, a national charter launched in 2010. This strategy aims to develop the UAE into one of the best countries in the world by 2021 by combining federal and local initiatives.
The Brazil market dominated the LAMEA Cloud Datawarehouse Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $320.2 million by 2028. The Argentina market is experiencing a CAGR of 24.4% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 23.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Datawarehouse Market is Predict to reach $17.8 Billion by 2028, at a CAGR of 6.6%
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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