Data Warehousing Market- Size By Data Type, By Deployment Model, By OrganizationPosted by rahul on January 9th, 2021 Global Data Warehousing Market was valued US$ 14.XX Bn in 2019 and is expected to reach US$ 3X.4X Bn by 2027, at CAGR of 14.XX% during forecast period of 2020 to 2027. Global Data Warehousing Market The enterprises use tools like, data warehousing tools and Database Management System (DBMS) to access the data stored on warehouse servers. This data is used for delivering valuable business insights, improved operational efficiency, analytical reports, superior decision making, support customer retention, and cumulative revenue streams.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. The data warehousing market growth is accelerated by several factors such as the rapidly increasing volume of data generated by enterprises and rising need for Business Intelligence (BI) to gain competitive advantage. The rising trend of Cloud data warehousing is also expected to fuel the market growth. The increase use of Data Warehouse as-a-Service (DWaaS) and the increasing popularity of unstructured data for data analytics are further expected to fuel market growth. Rise in unstructured data is expected to drive the segment at over 11.XX% CAGR during forecast period. The Unstructured data, which includes data not associated with a recognizable model, and the market for unstructured warehousing market, is anticipated to grow at 11.XX% CAGR from 2020 to 2027. The major supplementing factors in growth of the unstructured data warehousing market is the existence of crucial underlying information and enterprises leverage unstructured data for advanced analytics. Additionally, the rapid adoption of flexible cloud data warehouses with unstructured data, is the another reason for unstructured data segment to witness high growth during the forecast period. Cloud warehousing solutions estimated to grow at 16% CAGR during forecast period. If computing power and storage have different scalability then storing data on-premise gets very expensive. Whereas cloud warehouses can directly scale themselves to provide computing needs as required at the same time making them available at economic prize. Cloud data warehousing is gaining noteworthy popularity among enterprises as it provides several advantages such as, unlimited storage, on-demand computing, multiple data type support and cost effective pricing models. The feature of affordable costs and low infrastructure requirements makes them most preferred among SMEs. Supportive initiatives by government to promote cloud computing and big data analytics are also a major growth factor for the market. Data Warehousing Market, by BFSI Segment to Grow at Fastest Pace of CAGR XX.XX% during Forecast Period. The vast use of data mining and big data analytics by the BFSI institutions have increased the adoption of data warehousing solutions. These institutions are increasingly deploying solutions for predictive fraud analytics, measuring credit risk, spotting false insurance claims and ensuring government compliance, supplementing the data warehousing market demand. The introduction of IoT in BFSI with connected devices such as ATMs, mobile banking, and smart credit cards, has additionally fueled the demand for Big Data analytics as well as data warehousing. Huge Data Amount in Large Enterprises to Drive Data Warehousing Market and Grow Large Enterprises Segment at CAGR of XX.XX% Large enterprises operates on a bulk amount of data, hence they are early adopters of data warehousing solutions. They install advanced enterprise solutions, such as Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP), which makes their working efficient and boost the organization’s growth. With the improvement of hybrid warehousing models, large enterprises can couple with the flexibility and scalability of cloud warehouse using on-premise data warehousing. Global Data Warehousing Market, Regional Analysis: With the rapid and wide-scale adoption of cloud technologies, the North America plays an important role in the growth contribution of global data warehousing, this region held market share of US$ XX.XX Bn in 2019 and is expected grow with CAGR XX.XX% from 2020 to 2027. Enterprises in Asia Pacific are establishing various data centers for providing big data solutions and cloud data warehousing systems. The Asia Pacific data warehousing market is expected to witness growth at over 17.XX% CAGR in forecast duration from 2020 to 2027 due to the rapid growth of IT infrastructure and increasing number of data centers. Global Data Warehousing Market, Recent Activities: In 2019, Alibaba (A Chinese e-commerce firm) launched two cloud-based data centers in China, with the aim of providing cloud data warehousing solutions to Chinese enterprises in the Hohhot and Chengdu industrial areas. The services are also acting as a cost effective solution for SMEs due to no high infrastructure investments and economical pricing. In May 2019, Oracle partnered with a German company developing Linux software, named as SUSE, for integrating its Oracle Database 19c data warehouse software into its SUSE platform. The aim of partnership is to provide hybrid memory partitioning and advanced diagnostics. Several other activities and developments, of the several players across globe, are illustrated in the report. Objective of the Report: The objective of the report is to present a comprehensive analysis of Global Data Warehousing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Data Warehousing Market dynamics, structure by analyzing the market segments and project the Global Data Warehousing Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Data Warehousing Market make the report investor’s guide. VISIT AT-https://www.maximizemarketresearch.com/market-report/data-warehousing-market/52612/ Global Data Warehousing Market is studied by Various Segments: Global Data Warehousing Market by Data Type • Structured • On-premise • Large enterprises • Statistical analysis • Retail • North America • AWS, About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |