Data Warehousing Market to Witness Growth by a CAGR of ~10% ...| MENAFN.COM

Tuesday, 24 May 2022 05:40 GMT

Data Warehousing Market to Witness Growth by a CAGR of ~10% throughout 2022 2031 Owing to the Rising Demand for Next Generation Business Intelligence Across the Globe


(MENAFN- America News Hour)

Research Nester published a report titled“Data Warehousing Market : Global Demand Analysis & Opportunity Outlook 2031 which delivers detailed overview of theglobaldata warehousing market in terms of market segmentation by data type, deployment model, offering, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global data warehousing market is estimated to occupy a large amount of revenue by growing at a CAGR of ~10% during the forecast period, i.e., 2022 – 2031, owing to the rising demand for next generation business intelligence, and growing need for dedicated storage systems as a result of upsurge in data volumes globally. Along with this, escalating use of mining for business intelligence and data analytics, and increasing proliferation of cloud technology among enterprises around the world are also expected to accelerate the growth of the market in the forthcoming years.

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The market is segmented by data type, deployment model, offering and end user. Based on deployment model, the cloud segment is anticipated to witness significant growth during the forecast period on the back of unlimited storage, multiple data type support, and flexible pricing models offered by cloud-based data warehousing. Additionally, by end user, the BFSI segment is projected to grab the largest share over the forecast period attributing to the increasing use of big data analytics and data mining in this sector, and growing emphasis of banking companies to cut down on financial losses caused by cyberattacks.

Geographically, the global data warehousing market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the presence of advanced infrastructure for data warehousing, and strong footprint of major market players in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth in the future owing to the growing establishment of data centers that provide big data solutions, and increasing spending on cloud technologies in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increasing Demand for Next Generation Business Intelligence Across the Globe to Drive Market Growth

Since the last few years, companies all around the world are raising the need for reducing costs, increasing revenue and downsize IT headcount. This is giving rise to the demand for next generation business intelligence as it is capable of effectively identifying sales trends, and provide personalized service more easily, which in turn is projected to accelerate the market growth in the near future.

However, high cost of deploying data warehousing is expected to operate as key restraint to the growth of the global data warehousing market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global data warehousing market which includes company profiling of AtScale, Inc., Cloudera, Inc., IBM Corporation, Microsoft Corporation, MarkLogic Corporation, Netavis Software Gmbh, Oracle Corporation, Panoply Ltd., Pivotal Software, Inc., SAP SE, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data warehousing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Research Nester

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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