End User Industry (BFSI, IT & Telecom, Government, Retail, Healthcare)
Data warehouse as a service market from the BFSI segment is poised to garner revenue of approximately USD 15 Billion by the end of 2037. One of the primary industries using the DWaaS is banking, financial services, and insurance, or BFSI. The need to reduce losses due to false/faulty claims, phishing attacks, and cyber-attacks is rapidly growing in the BFSI market. These solutions are commonly used to carry out predictive fraud analysis, increase security, and spot fake or incorrect claims. Another important application for DWaaS is the calculation and communication of numerical values for variables including the possibility that a policy would result in a claim, credit/investment risks, and potential earnings.
Deployment (Public Cloud, Private Cloud, Hybrid Cloud)
The hybrid cloud segment is estimated to hold about 50% share of the global data warehouse as a service market during the forecast period. Given that it has a chance to provide business continuity, scalability, and reduce operational costs, the hybrid cloud sector is anticipated to experience rapid expansion in the global market throughout the forecast period. Over the upcoming years, segment expansion is anticipated to be driven by these advantages.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Abhishek Verma
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