PUBLISHER: IMARC | PRODUCT CODE: 1390597
PUBLISHER: IMARC | PRODUCT CODE: 1390597
The global data warehousing market size reached US$ 28.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10.31% during 2022-2028.
Data warehousing is the process of electronically storing, analysis and reporting structured, semi-structured and unstructured data. It records information from various sources, such as point-of-sale (POS) transactions, marketing systems and customer relationship management (CRM) solutions. It can record historical and current data in a centralized repository to provide long-term insights and business intelligence (BI). Some commonly used data warehousing solutions include enterprise data warehouse (EDW), operational data store and data mart. They can be deployed on-premises, cloud or in hybrid environments and consist of load, warehouse and query managers used for extracting and analysis of data to ensure consistency, creation of indexes, aggregates and transformation and merging of source data.
The rising demand for next generation BI solutions, along with the increasing amount of data generated by organizations across the globe, is one of the key factors driving the market growth. Moreover, the increasing requirement for dedicated storage systems to perform enhanced data analytics with low latency and the real-time view is providing a thrust to the market growth. In line with this, the emerging trend of virtual data warehousing is also contributing to the growth of the market. It offers a condensed view of the data inventory and metadata and utilizes middleware to form connections to different information sources and prevent replication of physical data. Additionally, various technological advancements, such as the integration of data warehouses with artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These innovative solutions automatically optimize and transform data according to user requirements and extract predictive insights. Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global data warehousing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, data type, deployment model, enterprise size and end user.
ETL Solutions
Statistical Analysis
Data Mining
Others
Unstructured Data
Semi-Structured and Structured Data
On-premises
Cloud-based
Hybrid
Large Enterprises
Small and Medium-sized Enterprises
BFSI
IT and Telecom
Government
Manufacturing
Retail
Healthcare
Media and Entertainment
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Actian Corporation (HCL Technologies Limited), Amazon Web Services Inc. (Amazon.com Inc), Cloudera Inc., Dell Technologies Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Snowflake Inc and Teradata Corporation.