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Data Warehousing Market size worth over $30bn by 2025
- Published Date: October 1, 2019
Data Warehousing Market size is set to surpass USD 30 billion by 2025; according to a new research report by Global Market Insights Inc.
The data warehousing market is expected to witness significant growth from 2019 to 2025 as the technology enables an efficient way of storage and analysis of enterprise big data. The technology is rapidly replacing legacy Business Intelligence (BI) tools and traditional database management systems. Data warehouses facilitate storage of disparate data by transforming and standardizing various data types into one common format. Large volumes of data can be stored and retrieved much quickly from a data warehouse compared to operational systems.
Proliferation of big data to accelerate data analytics demand
Extensive internet penetration and rising volumes of data available for analytics to support enterprise decision making will also contribute to the adoption of data warehousing solutions. As enterprises are focusing on gaining competitive advantage in a dynamic market landscape, they are facing tremendous pressure to gain valuable business insights from enterprise big data and transition toward a data-driven business. This leads to the adoption of data warehousing solutions including on-premise data warehouse appliances and cloud-based data warehousing, offering high flexibility and scalability. The technology enables functionalities such as customer profiling, fraud detection, and smart e-services with increased efficiency and cost-effectiveness.
Data control and high security spurring the on-premise deployment model
The on-premise data warehousing market will witness a steady growth rate due to enhanced security and low network latency. On-premise data warehouses do not suffer from network lags and offer faster query processing. The on-premise systems offer better data security to enterprises as critical enterprise data is hosted on in-house data centers. Integration of other services with the on-premise data warehouse is easier due to the presence of a single server.
Browse key industry insights spread across 265 pages with 398 market data tables and 31 figures & charts from the report, “Data Warehousing Market Size By Data Type (Structured, Unstructured), By Deployment Model (On Premise, Cloud, Hybrid), By Organization Type (SMEs, Large Enterprises), By Offering (Statistical Analysis, Data Mining Tools, ETL Solutions), By Application (Retail, Telecom & IT, BFSI, Manufacturing, Healthcare, Government), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, South Korea, Australia & New Zealand (ANZ), Southeast Asia, Brazil, Mexico, Colombia, Chile, Saudi Arabia, South Africa, Qatar, UAE), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Statistical tools to witness a growth rate of around 15% globally
The statistical analysis segment in data warehousing market is projected to grow sharply over the forecast timeline. Statistical analysis involves the collection & analysis of quantitative data stored in a data warehouse, to find underlying statistical relationships. The demand for statistical analysis tools will increase as government and research organizations adopt these tools for historic data analysis and determine useful data patterns. The statistical analysis offers high data re-usability (data recycling) for different sets of conditions, facilitating enterprises to build forecast models and predictive analysis algorithms with minimum changes in the data set.
Proliferation of Industrial Internet of Things (IIoT) to augment data warehousing demand
The manufacturing data warehousing market will witness the CAGR of over 15% due to advent of Industry 4.0 and the increasing trend of cyber-physical systems in production facilities, which also led to the generation of huge data. The manufacturing enterprises are making huge investments in IIoT and integrating production management systems with data warehousing solutions for accurate and data-driven production planning. For instance, in February 2019, the German automotive manufacturer, Daimler AG, deployed an in-house data warehouse, called eXtollo. The solution helped Daimler in integrating IoT data with its production planning systems to reduce material wastage, cut down production times, and significantly reduce the expenditure on product quality control. As effective inventory planning and quick production times are the key requirements of enterprises operating in the manufacturing sector, the demand for data warehousing will increase over the forecast timespan.
High cloud penetration and favorable government policies accelerating market in the U.S.
North America is projected to dominate the data warehousing market in 2025 with a share of above 40% due to high adoption of cloud services, robust ICT infrastructure, and the rising popularity of big data analytics will support market growth. Enterprises in the region are migrating from traditional data warehouse appliances to cloud-based solutions for reducing hardware dependency, increasing scalability, and cost-effectiveness. For instance, in June 2017, the U.S. mortgage bank Sierra Pacific migrated to Microsoft’s cloud-based data warehouse. Within two months of deployment, the data warehousing solution assisted the bank in reducing 25 different analytics reports to only two BI dashboards, significantly reducing mortgage risk assessment time and efficiently tracking deadline loans. The presence of several major data warehouse vendors including IBM, Oracle, Microsoft, and Google is also expected to fuel market growth in the region.
The companies operating in the data warehousing market are focusing on offering new products and services to gain market share. As the demand for data warehousing solutions increases, the competitive landscape is expected to become more intense with key vendors focusing more on aggressive pricing and technology development to stay ahead of competition. Some key players include AWS, IBM, Google, Microsoft Corporation, Oracle Corporation, etc.
The data warehousing market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:
By Data Type
By Deployment Model
By Organization Type
- Large enterprises
- Statistical analysis
- Data mining tools
- Extract, Transform & Load (ETL) Solutions
- IT & Telecom
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Southeast Asia
- Saudi Arabia
- South Africa