Data Warehousing Market Size

Data Warehousing Market Size

Data Warehousing Market size exceeded USD 13 billion, globally in 2018 and is estimated to grow at over 12% CAGR between 2019 and 2025.

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Data warehousing refers to the amalgamation of data from several disparate sources, including social media, mobile data, and business applications. This data is used for delivering valuable business insights and analytical reports. Heterogeneous data obtained from various sources is first cleansed and then organized into a consolidated format in the data warehouse. Enterprises use data warehousing tools and Database Management System (DBMS) to access the data stored on warehouse servers to support their operational decisions.

The data warehousing market growth is attributed to factors such as the increasing amount of data generated by enterprises and growing need for Business Intelligence (BI) to gain competitive advantage. The vast volumes of data produced by various business verticals are exerting tremendous pressure on existing enterprise resources, forcing them to adopt data warehousing solutions for efficient, flexible, and scalable storage. This data can be leveraged using advanced data mining and BI tools, providing valuable business insights to users for increased operational efficiency, better decision making, strengthening customer retention, and increasing revenue streams.

Another factor leading to market growth is the rising trend of cloud computing. The growing adoption of cloud-based services will facilitate the demand for cloud data warehousing. Enterprises and government agencies are realizing the economic benefits of cloud data warehouse, such as on-demand computing, unlimited storage, integrated BI tools, and affordable pricing options. The proliferation of Data Warehouse as-a-Service (DWaaS) and the increasing popularity of unstructured data for data analytics are further expected to fuel market growth.