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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Data Warehousing Market to exceed $30bn by 2025 growing at CAGR of 12%
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Data warehousing market is projected to surpass USD 30 billion by 2025. The market growth is attributed to the rising adoption of data warehousing solutions among enterprises to simplify big data management. Such solutions enable enterprises to efficiently store and analyze vast volumes of enterprise data and are widely deployed for a variety of applications such as data mining, statistical reporting, and knowledge management. The data warehousing solutions are slowly substituting traditional data repositories and legacy database management systems for enhanced business intelligence. As data warehousing systems offer critical business insights into enterprises for sustained business growth and maintenance of competitive advantage, the demand for these solutions is expected to accelerate over the forecast timeline. Huge investments in cloud technology and the increasing adoption of cloud platforms by enterprises will also drive the demand for data warehousing solutions. On-premise appliances are consistently falling behind on storage and computing power requirements due to the excessive volume and speed of data generation. This has compelled the enterprises to adopt cloud-based solutions with minimum infrastructure requirements, on-demand computing, and unlimited storage benefits. Key Insights from Data Warehousing Market:
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continued… The unstructured data segment held a major market share in 2018 and is expected to maintain its dominance in the market with a share of over 65% in 2025. Unstructured data is gaining significant traction as enterprises realize the economic potential of this data. Unstructured data from various sources including social media, email, search history, and geolocation details is enabling organizations to design successful strategies for business growth. For instance, in December 2017, the healthcare firm Cerner Corporation deployed data warehousing solutions from Microfocus to analyze unstructured data sourced from patient queries and medical searches. These solutions helped Cerner in providing a better prognosis and in reducing patient waiting times. Hybrid solutions in the data warehousing market are expected to grow at a CAGR of over 15% from 2019 to 2025. Hybrid solutions offer efficient integration of on-premise appliances with a cloud platform. This provides enterprises with the flexibility and scalability of cloud-based solutions with additional data security and control. As more enterprises are adopting hybrid solutions to upgrade their existing on-premise data warehousing appliances, the segment will witness a significant market growth over the forecast timeline.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Data Warehousing Market @ https://www.gminsights.com/industry-analysis/data-warehousing-market https://www.gminsights.com/industry-analysis/data-warehousing-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3744
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com North America Data Warehousing Market Size, By Application, 2018 (USD Million)
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com AWS 1010DATA Accur8Software Actian Corp AtScale Inc. Attunity Cloudera Inc. Dell Google IBM Corporation Informatica Microfocus Microsoft Corporation Oracle Corporation Panoply Ltd. Pivotal Software Inc. SAP SE Sigma Computing Snowflake Inc. SAS Institute Inc. Major Companies in Data Warehousing Market:
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com The Europe data warehousing market held a share of over 20% in 2018. This growth is due to rise in the adoption of cloud computing, hefty government funding in smart cities & IoT, and establishment of data centers in major European cities (Zurich, London, Frankfurt, and Madrid) by several data warehousing vendors. As enterprises in the region are rapidly migrating to cloud-based solutions, the demand for data warehousing will increase due to the flexibility and cost-effectiveness of these solutions. Regional Insights in Data Warehousing Market:
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:
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