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The data warehousing market size is estimated to grow by USD 27.89 billion, at a CAGR of 13.64% between 2023 and 2028. The growth of the market depends on several factors, including the shift from an on-premises to a SaaS model, the growing demand among SMEs, and the increase in IT consolidation and modernization. Data warehousing is a data management system that supports business intelligence. It involves the processing, analysis, and reporting of large amounts of information; thus, it also acts as a central repository for integrated data from one or more disparate sources.
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The market share growth by the on-premise segments will be significant during the forecast period. In an on-premises deployment model, the service is purchased and installed on the user server, which is maintained by the IT specialists in the end-user organization. The preference and choice of this model are attributed to factors such as the high cost involved with the implementation and up-gradation and fewer options for scalability.
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The on-premise segments showed a gradual increase in the market share of USD 10.26 billion in 2018. These solutions offer features such as workflow streamlining, control, speed, security, governance, and reporting. Quality control and security capability are important drivers of the on-premises solutions segment. The buyer organization is entirely responsible for the servers that contain information from its business units and so, they are more secure than those held in a public cloud-based solution.
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North America is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America has always been a lucrative market, as the region is an early adopter of advanced technologies in the manufacturing, retail, banking, financial services, and insurance (BFSI) industries, which, in turn, enhances the demand for warehousing. The strong presence and penetration of top companies fuel market growth in the region.
The market is evolving with advancements in data warehousing technologies and solutions. It involves the storage and management of vast amounts of data and components for both analytical and operational processes. Virtual warehousing and column-oriented data warehouse solutions are gaining traction, offering enhanced storage systems. Middleware and metadata inventory play crucial roles in ensuring a real-time view of information from various sources. Industries such as BFSI, IT & Telecom, Retail, and Healthcare are leveraging these warehousing for value chain optimization and production analysis. Emerging economies are witnessing increased adoption of these warehousing to modernize legacy applications and harness the potential of AI and ML for statistical analysis.
The shift from on-premises to a SaaS model is driving growth in the market driver. Market players are gradually transitioning from on-premises to cloud-based solutions, offering features like drag-and-drop functionalities, mobile accessibility, and enhanced intuitive services. This shift targets companies of all sizes, providing affordable options tailored to diverse business needs and data requirements. These cloud solutions offer low-cost options and rapid deployment, aligning with the need for flexibility in managing enterprise information and storage capacity.
Cloud computing solutions empower businesses to scale their storage capacity according to their evolving needs, leveraging servers and data centers. By entrusting digital file management and disaster recovery to service providers, organizations can ensure seamless information recovery in the event of equipment failure. This reliance on cloud storage solutions is crucial for maintaining business continuity, particularly for enterprises generating vast amounts of information from Social Media and other sources. As organizations generate vast amounts of information from various sources, including Social Media, they require a robust cloud storage system with centralized document access. Cloud storage solutions enable organizations to leverage cloud-based storage data warehouse solutions tailored to their specific storage requirements. This flexibility is poised to drive significant market growth during the forecast period, especially across sectors such as BFSI, IT & Telecom, Retail, and Healthcare.
The emergence of advanced storage technologies is a primary trend in the market. Precision information storage has become the most critical issue for enterprises due to the increasing dependence on the Internet and Internet-related services. To accommodate and store a large volume of information, data centers must be equipped with the latest storage technologies. Innovative solutions to reduce and store a high volume of information without the need for additional computational power in these centers are provided by intelligent storage solutions that take advantage of available resources and infrastructure. The market is also witnessing the trend of integrating analytical capabilities into storage layers. Predictive storage analytics and AI/ML together enhance and optimize storage infrastructure and proactively address storage requirements.
Moreover, To improve information collection and analysis tools continuously, AI and ML technologies are offering predictive storage analytics. To estimate trends and demand, cloud storage providers use Analytical Queries, or predictive Models when aggregating the information sets. This helps their customers plan the demand for infrastructure accordingly. HPE Nimble Storage leverages flash storage and predictive analytics to eliminate gaps in storage and increase storage capacity. Advances in information storage technologies and solutions and the increasing adoption of storage analytics to predict storage demand are expected to drive the growth of the market in focus during the forecast period.
Data privacy and security risks are major challenges in the market. Privacy and security risks are the major barriers to the adoption of these warehousing services by organizations, especially those in the public cloud. Cloud security management is a challenging task for companies to protect online information. Unauthorized access to cloud-based IT infrastructure must be prevented for digital files on the Internet. Cloud infrastructures are based on a large patchwork of open-source code that can lead to errors in cloud systems.
Cyber-attackers can easily gain access to cloud-based storage systems, as cloud-based infrastructure is based on open architecture and shared resources. The service provider will be given access to the company's business information through cloud technologies. A hacker could attempt to infiltrate the information of other users, which are located and archived on the same server, as part of a multi-tenant cloud architecture where more than one user resides on the same server. Thereby, these issues pose a challenge for companies in the market in focus, which in turn, may limit the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alphabet Inc. - The company offers data warehousing services such as BigQuery.
Amazon.com Inc. - The company offers data warehousing services such as Amazon Redshift and AWS Lake Formation.
Cloudera Inc. - The company offers data warehousing services such as CDP Data Warehouse.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Information is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is witnessing rapid growth driven by the increasing need for Data manageability and Analytical process optimization across various sectors like Finance Retail and e-commerce. Key trends include Low latency for real-time insights, High-speed analytics, and the integration of diverse sources. Businesses are adopting Cloud-based deployment for scalability and flexibility, leveraging technologies like Data lake and ETL Solutions. Industries are also focusing on Regulatory compliance and Advanced analytics, driving demand for Analytics tools and Technological innovations. Geographic expansions by companies like Tencent Holdings highlight the global nature of this market's growth.
Further, the market is evolving rapidly, driven by various factors such as the need for effective Meta data and component inventory management and Enterprise management. Businesses are modernizing their Legacy apps to adapt to changing trends, especially in sectors like the Public sector. Analyzing Trade regulations and Import export information is crucial, leading to increased demand for solutions handling Semi-Structured & Structured information. Industries like Media & Entertainment rely on these warehouses for managing Online games and Live streaming systems. The market is also witnessing a shift towards Multi-cloud architecture to enhance scalability and flexibility. Virtual data warehousing integrates various data sources, including structured, semi-structured & Structured Data with unstructured data, enabling efficient data mining and import export analysis within the operational process.
Moreover, the market is experiencing significant growth due to various factors. Import-export analysis drives the need for these advanced management solutions. Factors such as PESTEL analysis and Capital investments influence market dynamics, especially in industries like Automotive and Retail banking institutions. Amidst the Global economic recession, companies are focusing on Digital transformation to stay competitive. These warehouses play a crucial role in managing Lending business and Payments domain data, including Credit underwriting procedures. They also enable Social media analytics and Social media monitoring for a better understanding of Consumer buying behavior. Industries such as Insurance firms and Financial consulting companies benefit from these warehouses for strategic decision-making. Adoption of On-premise software is evolving with improved Internet connectivity, enhancing overall Business processes.
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Industry Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.64% |
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Market growth 2024-2028 |
USD 27.89 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.73 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 52% |
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Key countries |
US, Germany, Canada, China, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., Amazon.com Inc., Avnet Inc., Cloudera Inc., Databricks Inc., Exasol AG, Firebolt Analytics Inc., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Ignite Enterprise Software Solutions Inc., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., SAP SE, SingleStore Inc., Snowflake Inc., and Teradata Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
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Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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