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Data Warehousing Industry
Rising demand for column-oriented data warehouses, virtual data warehousing, and real-time analytics drives growth in the global data warehousing market.
WILMINGTON, DE, UNITED STATES, January 8, 2025 /EINPresswire / -- According to a recent report published by Allied
market Research, the global data warehousing market size was valued at $21.18 billion in 2019, and is projected to reach $51.18 billion by 2028, growing at a CAGR of 10.7% from 2020 to 2028. The research provides a comprehensive analysis of market size & estimations, changing market dynamics, major segments, key winning strategies, and competitive scenario.
Data warehousing is a collection of methods, techniques, and tools used to support knowledge staff such as senior managers, directors, managers, and analysts to conduct data analyses that help perform decision-making processes and improve information resources. Furthermore, increase in need for dedicated storage system for surge in volume of data, rise in demand for column-oriented data warehouse solutions to perform advanced analytics, the need for low-latency, real-time view, and analytics on operational data are some of the major factors that drive the global data warehousing market growth.
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In addition, increase in awareness of enterprises to utilize growth in streams of data from various sources in innovative ways and adoption of modern business intelligence tools by enterprises for which data warehousing is critical, are expected to fuel the growth of the data warehousing market. Conversely, emerging trend of adopting virtual data warehousing and growing application of AI in data warehouse are expected to provide lucrative opportunities for the growth of the global data warehousing market.
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.
Hybrid segment is expected to experience significant growth in the coming years, owing to rise in adoption of hybrid enabled data warehousing software among the SMEs to increase their revenue opportunity and to enhance their business across the globe. In addition to this, rapid adoption of hybrid-based artificial intelligence (AI) solutions among several industries for fraud detection, predictive maintenance, logistics services, cyber security and customer engagement is expected to provide lucrative opportunity for the growth of the hybrid data warehousing software market across the globe.
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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.
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.
Region wise, the data warehousing market was dominated by North America in 2019, and is expected to retain its position during the forecast period. The major factor that drives the growth of the market in this region includes early adoption of advanced technology among the end users. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to increase in adoption of digital technologies across the emerging countries and growth in investment of key players in the China and India markets to expand their operations.
The key players profiled in the data warehousing market analysis are Actian Corporation, Amazon. Inc., Cloudera, Inc., Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP, Snowflake, Inc., and Teradata Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the data warehousing industry. This study includes data warehousing trends, data warehousing market analysis, and future estimations to determine the imminent investment pockets.
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With the emergence of the global health crisis, various business systems have been facing unprecedented challenges right from product development to sales and services, thereby leading to closure of companies. COVID-19 pandemic has a moderate impact on the data warehousing market, achieving a growth rate of 3-4% in 2020. The pandemic has also proved to be a real test of corporate values and purpose. Consumers, investors, governments, and communities are expected to ultimately judge companies on their response to this period of disruption. Business leaders are expected to make rapid decisions and take immediate actions to sustain business operations to serve their customers, clients, and communities as well as to protect and support their workers. Furthermore, various key players of the market are introducing new strategies to enhance the customer experience and to improve their data warehousing market share in the pandemic situation.
Key Findings Of The Study:
1. By component, the solution segment held the major data warehousing market share. However, the service segment is expected to witness the highest growth rate during the forecast period.
2. By deployment model, the on-premise segment generated the highest revenue in 2019.
3. By region, the data warehousing market size was dominated by North America However, Asia-Pacific is expected to witness significant growth in the upcoming years.
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