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The enterprise data warehouse market is estimated to increase by USD 18,645.51 million and grow at a CAGR of 20.7% between 2022 and 2027. The growth of the EDW market depends on several factors, including the information explosion across industries, the increased adoption of cloud-based EDWs, and the rising enterprise mobility and the need to improve efficiency.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The innovative features and user interfaces are notably driving the market growth, although factors such as information security concerns may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Data explosion across industries is a key factor driving the growth of the market share. The volume of information generated by industries is increasing across the world. The global volume is approximately 2.50 zettabytes, and 2.10 exabytes are generated every day. For example, 100 terabytes are uploaded on Facebook daily. Walmart handles more than one million transactions per hour and stores them in its database. Most organizations capture and store financial and non-financial transactions. The digitization of organizations increases the complexity and diversity of these sets. The use of advanced and diverse machines and devices in business processes also makes them diverse and complex.
The use of advanced technologies, such as IoT, in industries is also increasing the volume of information. Further, the world's most recognized streaming platform, Netflix, has nearly 93 million active users per month. The pipeline of Netflix collects more than 500 billion user events per day. This comprises several things, such as error logs, video viewing activities, performance reports, and others. The storage of this needs a storage space of around 1.3 Petabytes per day. The use of enterprise warehouse solutions in all the above-mentioned applications helps to improve the processing and analysis. Therefore, information explosion across industries will drive the growth of the global EDW market.
Native machine data generation is the primary trend in the global market growth. The volume of information generated is increasing across the world. The rising adoption of echo state networks (ESN), ML, and IoT is increasing the volume of information generated by organizations. By using artificial intelligence (AI) and ML, smart systems can learn and accomplish tasks without the need to be programmed for every task. Advanced devices and sensors will eventually create native machines for their own machine-to-machine (M2M) communication and collaboration.
However, legacy systems cannot manage such a process. With the introduction of advanced sensors and IoT, is expected to become more accessible and usable in the future. Hence, enterprise warehouse software solutions are expected to witness a transformation. They are expected to be redesigned and remodeled to incorporate the consumption of native machines to improve analytics and process efficiency and support critical business systems.
Data security concerns are a major challenge to the growth of the global market. Over the years, storage solutions have become more secure currently after taking necessary precautions to safeguard user information. Despite this, there are still chances that such solutions can be affected. Distributed denial-of-service (DDoS) attacks, breaches, unsecured application programming interfaces (APIs), information loss, and account hijacking are the main security-related threats faced by the global EDW market. Backup account credentials can be easily hijacked by phishing, cross-site scripting, or social engineering techniques.
This can lead to breaches and loss. In these center environments, these management software and security appliances are used to manage the security of stored information as well as to monitor any potential threats. Cyberattacks on enterprises are increasing, and, therefore, vendors are working with enterprises to establish service-level agreements (SLAs) during storage implementation. Therefore, security concerns are expected to adversely affect the global EDW market during the forecast period.
The 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 EDW market.
Alphabet Inc.: The company offers enterprise data warehouses such as BigQuery.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the information and analytical processing segment will be significant during the forecast period. A data warehouse facilitates the processing of the information it contains analytically. Basic online analytical processing (OLAP) operations, such as slice-and-dice, drill-down, drill-up, and pivoting, can be used to evaluate the information. Typically, it makes use of both summarized and comprehensive historics. The multidimensional information analysis of the information from the warehouse is the main advantage of online analytical processing over information processing. Therefore, the low-cost construct of information processing and multidimensional analysis is likely to drive the information and analytical processing segment of the global enterprise warehouse market during the forecast period.
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The information and analytical processing segment were valued at USD 3,054.48 million in 2017 and continue to grow by 2021. In 2022, the information processing and analytical processing segment dominated the global market, primarily due to the increasing globalization and the growth of the IT, BFSI, education, healthcare, and retail sectors. Data stored in a warehouse can be processed there. Querying, basic statistical analysis, and reporting using crosstabs, tables, charts, or graphs are all methods for processing the data. The construction of inexpensive web-based accessing tools that are then integrated with web browsers is a current trend in data warehouse information processing. Such factors will increase segment growth during the forecast period.
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North America is estimated to contribute 33% to the growth of the global EDW market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Several industries, especially in the US and Canada, are early adopters of advanced technologies. Hence, the volume of data generated is high, which necessitates the use of enterprise data warehouse solutions. The technological maturity of several industries and the presence of many key vendors drive the growth of the market in North America. Manufacturing, telecommunications, infrastructure development, BFSI, and retail activities are growing at a rapid pace in the region. Several companies from such industries are adopting solutions to analyze the increasing volume of data generated. Hence, vendors offer specific products that cater to the needs of such industries.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is experiencing growth due to the increasing importance of data-driven decision-making in business intelligence and enterprise management. EDWs provide a centralized repository for diverse systems, ensuring a cohesive and consistent dataset for accurate analysis.
Cloud data warehouses are gaining popularity, offering benefits like scalability, automatic updates, and advanced security measures. Virtual data warehousing is also emerging as a key solution, allowing for the integration of existing and prospective customer information for strategic insights. EDWs cater to various segments, including Small & Medium-sized Enterprises (SMEs) and the healthcare sector. In healthcare, EDWs enable predictive analysis, helping to identify disease outbreaks and patient trends. Overall, EDWs enhance operational efficiencies, resource allocation, and business performance by providing analytics and reporting capabilities based on customer preferences and business goals.
Enterprise Data Warehouse Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.7% |
Market growth 2023-2027 |
USD 18,645.51 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
20.6 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accur8 Software, Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., AtScale Inc., CitiusTech Inc., Cloudera Inc., Fusion Consulting AG, HCL Technologies Ltd., Health Catalyst Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., Oracle Corp., SAP SE, Snowflake Inc., Solver Inc., Tata Sons Pvt. Ltd., Teradata Corp., and Veeva Systems Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our 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 report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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