December 31, 2019
According to the research report titled ‘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, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global data warehousing market is expected to cross USD 30 billion by the year 2025.
Increasing utilization of data warehousing solutions by enterprises in order to simplify data management is the major factor driving the market growth. Data warehousing offer crucial and improved business insights to enterprises. These solutions not only enable the company to sustain business growth but also provide an advantage to the company in the competitive landscape.
Escalating investments in R&D activities is leading to advancements in cloud technology which in turn is aiding the expansion of data warehousing market. Cloud technology offers enterprises better speed and unlimited data storage benefits. It has minimum infrastructure requirements and provides on-demand computing. Thus, rising adoption of cloud platforms are stimulating the industry outlook.
In terms of data type, unstructured data segment held the largest share of data warehousing market in 2018 and is expected to further dominate the market with over 65% share by the year 2025. This type of data has great economic potential and helps enterprises to outline important business strategies.
Meanwhile, hybrid deployment model of data warehousing market is estimated to grow with 15% CAGR through the year 2025. These solutions provide efficient integration of cloud platforms with on-premise appliances and offer enhanced control & security over data.
According to the report, data mining segment will grow with 10% CAGR between 2019-2025. Data mining enables companies to analyze large volume of enterprise data for crucial information.
Elaborating on organization type, large enterprises segment is projected to expand with a CAGR of 10 % during the period of 2019-2025, owing to increasing number of skilled labors, high budget and ever-growing enterprise data.
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Based on application spectrum, healthcare segment is estimated to grow with a CAGR of 15% during 2019-2025. Data warehousing solutions enables the medical institutes to store data related to development of new medicines, predictive disease diagnosis, and automated patient monitoring for better and digitalized healthcare offerings.
Considering geographical landscape, Europe held 20% share of the global data warehousing market in 2018. The growth is attributed to surging government funding in IoT and smart city, rising adoption of cloud computing technology, and installation of numerous data centers across the region.
The prominent companies operating in data warehousing market are IBM Corporation, Google, Inc., Dell, Cloudera, Inc., Attunity, AtScale, Inc., Actian Corporation, Accur8Software, 1010DATA, and Amazon Web Services (AWS) among others.
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