(MENAFN- EIN Presswire) Data Warehousing Market Infographics
Rise in the demand for storage system for growing volume of data acts as an essential factor driving the data warehousing market.
PORTLAND, UNITED STATE, March 15, 2023 /einpresswire.com / -- Allied Market Research published a new report, titled, 'data warehousing market Expected to Reach USD 51.18 Billion by 2028 |Top Players such as -Cloudera, Snowflake & Teradata.' The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global data warehousing market size was valued at USD 21.18 billion in 2019, and is projected to reach USD 51.18 billion by 2028, growing at a CAGR of 10.7% from 2020 to 2028.
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Increase in demand for column-oriented data warehouse solutions to perform advanced analytics, rapid adoption of virtual data warehousing, and need for low-latency, real-time view and analytics on operational data fuel the growth of the global data warehousing market. Based on region, the market across North America accounted for the lion's share in 2019, and is expected to lead the trail throughout the forecast period.
The data warehousing market is segmented on the basis of type of offering, type of data, deployment, enterprise size, industry vertical, and region. Based on offering type, the ETL solutions segment dominated in 2019, holding around one-third of the global data warehousing market. Whereas, the data mining segment is estimated to exhibit the highest CAGR of 11.9% during the forecast period.
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The large enterprise segment dominated the data warehousing market industry in 2019, and is projected to maintain its dominance during the forecast period, owing to surge in adoption of data warehousing tools by large enterprises to manage and analyze large quantity of data. Furthermore, the SMEs segment is expected to grow at a significant CAGR during the forecast period, owing to the need of these enterprises to discover real time data and to analyze large volume of data.
Based on data type, the semi-structured & structured data segment held the highest market share in 2019, accounting for more than three-fourths of the global data warehousing market. On the other hand, the unstructured data segment is expected to showcase the highest CAGR of 14.1% during the forecast period.
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Based on region, the market across North America accounted for largest share in 2019, holding nearly two-fifths of the market. Conversely, the global data warehousing market across Asia-Pacific is expected to register the highest CAGR of 12.5% from 2021 to 2028. The other regions studied in the report include LAMEA and Europe.
Key market players profiled in the report include Actian Corporation, Cloudera, Inc., Amazon.com. Inc., IBM Corporation, Google Inc., Oracle Corporation, Microsoft Corporation, Snowflake, Inc., SAP, and Teradata Corporation.
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Impact of Covid-19 Pandemic on Data Warehousing Market:
⁕ The Covid-19 outbreak resulted in declined demand for data warehousing due to implementation of country-wide lockdown and shutdown of international flights.
⁕ Several companies implemented work from home culture, which in turn boosted demand for cloud-based data warehousing software to analyze and manage critical information of companies.
⁕ Several data warehousing service providers implemented business and marketing strategies including innovating their product portfolio and customizing their offerings. Google LLC recently introduced BigQuery, a new speed-increasing cloud data warehouse to improve enterprise workflow.
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