Enterprise Data Warehouse Market by Size, Share, Forecast, & Trends Analysis
Added: (Wed Jan 10 2024)
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Meticulous Research®—a leading global market research company, published a research report titled, ‘Enterprise Data Warehouse Market by Offering (Solution, Services), Organization Size, Deployment Mode, End-use Industry (IT & Telecommunication, Healthcare, Retail & E-commerce, BFSI, Manufacturing), and Geography - Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the enterprise data warehouse market is projected to reach $8.15 billion by 2030, at a CAGR of 14.4% during the forecast period. The growth of this market is driven by the increasing role of business intelligence and data analytics in enterprise management and the rising importance of data-driven decision-making to improve business performance. However, the complex utilization of data warehouse services restrains the growth of this market. Furthermore, the growing deployment of large-scale cloud data warehouses and the rising adoption of virtual data warehousing to boost the data access process are expected to create market growth opportunities. However, managing data structure and optimizations is a major challenge for the players operating in this market. The latest trends in the enterprise data warehouse market are the increasing use of machine learning and artificial intelligence.
The enterprise data warehouse market is segmented by offering (solution [data warehousing & integration, data governance, master data management, advanced analytics, business intelligence, data mining, and other solutions], services [professional services and managed services]), Organization Size (large enterprise and small & medium-sized enterprise), Deployment Mode (cloud-based deployment and on-premise deployment), End-use Industry (IT & telecommunications, retail & E-commerce, healthcare, manufacturing, energy & utilities, education, BFSI, government, and other end-use industries), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on offering, the enterprise data warehouse market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the enterprise data warehouse market. The large market share of this segment is attributed to the rising need to track and modify marketing campaigns for faster and more accurate evaluation, the increasing demand for maintaining data quality and consistency, the increasing role of business intelligence and data analytics in enterprise management, the rising adoption of virtual data warehousing to boost data access process, and the growing need to protect the existing and prospective customers’ information. Also, this segment is projected to register the highest CAGR during the forecast period.
Based on organization size, the enterprise data warehouse market is segmented into large enterprises and small & medium-sized enterprises. In 2023, the large enterprise segment is expected to account for the larger share of the enterprise data warehouse market. The large market share of this segment is attributed to the growing need for streamlined data management, improved analytics, better decision-making, easier access to structured data across the organization, and the rising need to store large volumes of data. It promotes better business intelligence and strategic planning, and the growing implementation of EDW ensures data security, compliance, and governance in large enterprises.
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However, the small & medium-sized enterprise segment is projected to register the highest CAGR during the forecast period due to the rising adoption of EDW to streamlined data management and improved insights for better decision-making, the growing need to enhance efficiency in operations and scalability, the increasing adoption to improved analytics and reporting capabilities that empower smaller enterprises to make data-driven decisions, and the growing need to Improve data quality management.
Based on deployment mode, the enterprise data warehouse market is segmented into cloud-based deployment and on-premise deployment. In 2023, the on-premise deployment segment is expected to account for the larger share of the enterprise data warehouse market. The large market share of this segment is attributed to the growing use of on-premises data warehouses for better control, speed, security, governance, and availability, the rising need to achieve data governance and regulatory compliance, and the higher preference for on-premise deployments among large enterprises.
However, the cloud-based deployment segment is projected to register the highest CAGR during the forecast period due to the growing deployment of large-scale cloud data warehouses, the rising need for advanced security measures, encryption, access control, and compliance certifications, the increasing use to handle large volume of data and faster processing speed, and the rising adoption of cloud-based EDW for automatic updates and maintenance.
Based on end-use industry, the enterprise data warehouse market is segmented into IT & telecommunications, retail & E-commerce, healthcare, manufacturing, energy & utilities, education, BFSI, government, and other end-use industries. In 2023, the IT & telecommunications segment is expected to account for the largest share of the enterprise data warehouse market. The large market share of this segment is attributed to the increasing adoption of EDW to enable a comprehensive view of customer behaviors, network performance, and operational insights, the rising use for proactive maintenance, capacity planning, and the identification of potential issues, the growing need to manage regulatory compliances by securely storing and managing sensitive customer data, and the rising adoption of virtual data warehousing to boost data access process.
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However, the healthcare segment is projected to register the highest CAGR during the forecast period due to the increasing adoption of EDW solutions to aggregate patient records, medical histories, and diagnostic reports, the rising need to streamline administrative tasks, billing, and inventory management, the growing use for data exchange between different healthcare systems, and the increasing use of the solution for predictive analysis for disease outbreaks, patient trends, and resource need.
Based on geography, the enterprise data warehouse is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the enterprise data warehouse market. The large market share of North America is attributed to the rising technological advancement of several industries and the presence of many key vendors, the increasing reliance on data-driven decision-making in businesses, the rising shift towards cloud-based solutions due to cost-effectiveness and flexibility, and the growing need for collaborative data storage and analytics solution due to rise in remote work culture.
However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period due to the rising growth in E-commerce along with technological innovation in countries such as China, India, and South Korea, the growing demand for data integration tools and software, the increasing adoption of data warehouse solution by various departments such as healthcare and IT telecommunication, and the rising importance of data-driven decision making to improve business performance.
Key Players:
The key players operating in the enterprise data warehouse market include Accur8 Software (U.S.), Virtusa Corporation (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Snowflake Inc. (U.S.), HCL Technologies Ltd. (India), Amitech Solutions, Inc. (U.S.), Fusion Consulting AG (Switzerland), Micro Focus International Limited (U.K.) (A Subsidiary of OpenText Corporation), Health Catalyst, Inc. (U.S.), AtScale (U.S.), CitiusTech Inc. (U.S.), and Cloudera, Inc. (U.S.).
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Key questions answered in the report:
• Which are the high-growth market segments based on offering, organization size, deployment mode, end-use industry, and geography?
• What was the historical market for enterprise data warehouses?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, challenges, and trends in the enterprise data warehouse market?
• Who are the major players, and what shares do they hold in the enterprise data warehouse market?
• What is the competitive landscape like in the enterprise data warehouse market?
• What are the recent developments in the enterprise data warehouse market?
• What are the different strategies adopted by the major players in the enterprise data warehouse market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the enterprise data warehouse market, and how do they compete with the other players?
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