Data Warehousing Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3744
Data Warehousing Market size is expected to rise at healthy CAGR during the projected timeframe driven by increasing need to manage large volumes of digital data. The increasing penetration of internet services and the rapid adoption of smart devices are the primary factors for the growth of digital data. Internet users generate approximately 2.5 quintillion bytes of data each day, which will be increasing in the following years. The increasing requirement for dedicated storage systems along with the surge in the demand for column-oriented solutions and real-time view & analytics will help the data warehousing market to grow over the forecast period.
Data warehousing is the accumulation of integrated data from various sources, supporting analytical reporting, structured or ad-hoc queries, and decision making. It comprises data cleaning, data integration, and data consolidations. The demand for cloud technology is increasing with its functionality of data storage. The companies are moving toward the adoption of cloud-based data warehouse services. The cloud services are cost-effective, quick to set up, and instantly scalable.
The increasing competition among data warehousing market players and the rapidly changing customer demand are also accelerating the adoption of data warehousing among enterprises. As the competition is increasing and customers are becoming more empowered, organizations are starting to focus on providing better customer experience to gain customer loyalty. They are leveraging the historical customer data to analyze their behavior and requirement to fulfill their demand, encouraging the adoption of data warehousing solutions among enterprises to store data and extract actionable insights from it.
However, there are still some challenges in the successful implementation of data warehousing and important data stored in the data warehouse, making it necessary to maintain the security of the data. But the rising cyber-threats hinder the growth of the data warehousing market. Additionally, as the size of the data warehouse increases, it becomes difficult to extract meaningful data for the analytical purpose.
The data warehousing market is used across many industry verticals such as government & defense, IT & telecom, healthcare & and pharmaceuticals, retail, and e-commerce. It is used in the BFSI for market research, performance analysis, interchange, and exchange rate, develops marketing programs and analyzes cardholder transactions, spending patterns, and merchant classification. Data warehousing is being used in the retail industry to study consumer buying trends by accessing historical data. This historical data will help retailers to formulate strategy and understand fast-selling and slow-selling product lines.
North America dominates the market due to the availability of technologically advanced infrastructure. The high adoption of cloud-based services in Canada is accelerating the growth of the cloud-based data warehousing in the region. The Asia Pacific region is forecast to increase the data warehousing market due to the increased smartphone penetration that releases a vast amount of data. Additionally, the Indian government initiatives to implement digitalization are increasing the BFSI and telecom sectors. These sectors release sensitive data, which are needed to be stored properly.
The vendors operating in the data warehousing market space are IBM, Oracle Corp., Microsoft Corp., Infobright Inc, SAP AG, Teradata Corp, MarkLogic, Accur8 Software, HP Co, Calpont Corp, and EMC Corp. They are leveraging strategic initiatives. For instance, in December 2018, Snowflake announced the availability of Microsoft Azure in EMEA. The company uses Azure infrastructure services for data storage and query processing. Similarly, in July 2018, Microsoft announced the addition of a new feature Instant Data Movement for its Azure SQL Data Warehouse (SQL DW) service.
Data Warehousing Market, By Offerings, 2014-2025 (USD Million)
- Extraction, Transportation, and Loading (ETL)
- Statistical Analysis
- Data Mining
Data Warehousing Market, By Deployment Model, 2014-2025 (USD Million)
Data Warehousing Market, By Data Type, 2014-2025 (USD Million)
- Structured data
- Unstructured data
Data Warehousing Market, By Application, 2014-2025 (USD Million
- IT & Telecom
- Media & Entertainment
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Amazon Inc.
- Actian Corp.
- Cloudera Inc.
- Google Inc.
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
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