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Cloud Data Warehouse Market Share

Report ID: GMI8722
Published Date: Mar 2024
Report Format: PDF

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Cloud Data Warehouse Market Share

Snowflake Inc. and Amazon Web Services, Inc. hold over 20% of the market share in the cloud data warehouse industry. Companies in this industry employ several key strategies to enhance their market foothold. Snowflake Inc. endeavors to broaden its footprint in vertical sectors like finance, healthcare, retail, and manufacturing by providing specialized solutions, templates for specific use cases, and compliance certifications that align with the distinct requirements and regulations of each industry.

Amazon Web Services, Inc. has enabled hybrid and multi-cloud functionalities by providing smooth integration with on-premises data sources, hybrid cloud setups, and multi-cloud environments, allowing clients to utilize AWS data warehousing solutions alongside their current IT systems.

Cloud Data Warehouse Market Companies

Major companies operating in the cloud data warehouse industry are:

Amazon Web Services, Inc.
Cloudera, Inc.
Google LLC
International Business Machines Corporation
Microsoft Corporation
OpenText Vertica
Oracle Corporation
SAP SE
Snowflake Inc.
Teradata Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cloud data warehouse reached USD 6.1 billion in 2023 and is poised to witness over 22.5% CAGR between 2024 and 2032, due to the increasing importance of business intelligence and analytics worldwide.

The large enterprise organization size segment is projected to record 65% of the market share by 2032, as they provide the scale and flexibility required for storing and managing large datasets efficiently.

The healthcare industry vertical segment recorded 19% of the market share in 2023, led by the proliferation of medical devices that generate patient data, the emergence of genomics and customized treatment, and the rising usage of wearables and telemedicine.

North America held over 36% of the market share in 2023, due to the presence of prominent cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).