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Data Warehouse as a Service (DWaaS) is a business model that offers exemplary configuration and management for software and hardware resources. DWaaS eliminates the need for an on-premise data warehouse and also reduces setup and administration costs for organizations. Thus, enabling secure data exchange on the cloud without any risks associated with cyber-attacks. The popularity of DWaaS among organizations is due to its enhanced convenience and disregarded restraints on new release management. Data Warehouse as a Service is delivered through application programming interfaces (APIs) by the service provider. The increased implementation of cloud analytics among organizations has spurred demand for DWaaS over the years. As DWaaS provides extensive and intricate data sources to cater essential insights to its users, more businesses are tapping into the platform. DWaaS’ data-centric approach can help gain a competitive advantage and leverage data into real value. Furthermore, the requisite to modify the scale of data warehouse operations will boost DWaaS’ acceptance across companies. The introduction of full-service DWaaS platforms, which offers analytic power close to a traditional warehouse with a meager budget, can intensify its adoption and elevate the data warehouse as a service industry.
Here is a list of 5 Major Providers Offering DWaaS Services:
1. Amazon Inc:
Amazon Web Services, a subsidiary of Amazon offering cloud computing platforms, on-demand, and APIs to organizations and government. The company holds a prominent share of 11.3% in terms of revenue. The company provides Amazon Redshift, a robust and fully integrated data warehouse services platform. Amazon accumulated a revenue of USD 35,026 billion through its DWaaS services. The company offers network isolation security with high-performance capabilities to organizations. For instance, in 2019, the company delivered a low subscription plan from USD 0.25 per hour to USD 1000 per terabyte per year. Moreover, Amazon Redshift partnered with Baffle Adaptive Data security to offer seamless integration of AWS Database Migration Services, AWS S3, AWS Glue, and Redshift.
An American multinational technology dealing in cloud computing, data analytics, supply chain, and more. The company accounted for a 10.7% share in the data warehouse as a service market. The company generated a revenue of USD 11.48 billion in 2020 through its product offerings: Netezza Performance Server, IBM Db2 Warehouse on Cloud, IBM Db2 Warehouse, and IBM Integrated Analytics System. The company has included two subscription plans for its services Lite Plan and Standard Plan. The shift towards DWaaS during the pandemic will boost the company’s sales amid the outbreak.
3. Microsoft Corporation:
Microsoft Corporation is the third-largest enterprise that held a share of 8.5% in the market. The company’s platform Microsoft Azure SQL Data Warehouse, accounted for a vast portion in 2019. Microsoft’s Azure Synapse Analytics provides Azure SQL Data Warehouse integration with the on-demand query as a service. The mass cloud transformation process will further drive flourishment in the company.
4. SAP SE:
a German multinational software corporation based in Walldorf held a share of 6.2% in revenue. The company introduced a partner app for SAP Data Warehouse cloud solution to back digital marketplace clients improve customer acquisition.
5. Snowflake Computing Inc:
A central cloud computing-based data warehousing company based in California. The company includes three service subscription plans such as premier, enterprise, and business-critical. The company expanded its services through strategic collaboration with Microsoft Corporation, Tableau, SAP SE, and other service providers.
Streamlined Remote Working in Pandemic to Drive Data and Cloud Computing
Enterprises have upgraded their workforce to form an operational structure and significantly benefit from remote working models. The high demand for data and cloud computing has effectively generated the need for DWaaS during the crisis. The outbreak has changed the way of functioning for many organizations. Due to work from home, companies are now re-training their employees who have previously worked on-premise to develop new skills to cope with the current situation. However, this pandemic has allowed enterprises to save additional costs on infrastructure maintenance and IT expenses while also eradicating the need to balance security patches with other mission-critical necessities perpetually. Besides, enterprises are concentrated on high investments in data warehouse solutions during the pandemic to add value to their operational capabilities and benefit from cloud services and scalability.