Data Warehousing Market Increasing at A Phenomenal Pace to Reach more than USD 55.03 Billion by 2028

17-Jun-2021 | Zion Market Research

Some of key players in Data Warehousing market are IBM Corp, Microsoft Corp, SAP AG, ParAccel Inc, Actian Corp, EMC Corp, Calpont Corp, HP Co, Teradata Corp., and Oracle Corp, among others.

According to analysts at Zion Market Research, the global data Warehousing market accounted for USD 24.5 Billion in 2020 and is expected to reach USD 55.03 Billion by 2028, growing at a CAGR of 10.9% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled ““Data Warehousing Market By Type (Structured and Unstructured), By Deployment Model (Cloud, On Premise, and Hybrid), By Application (BFSI, Telecom & IT, Retail, Healthcare, Manufacturing, and Government): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Massive Data Warehousing Market to Spur Growth

The worldwide data warehousing market continues to expand at a rapid pace. The global market is being fuelled by factors such as the increasing need to handle complex and massive amounts of data, an increase in demand for data housing for effective data management and storage, and quickly expanding IT infrastructure. The adoption of the big data trend in organisations is increasing, and this is creating a boom in analytics demand, which is likely to enhance market growth. Rising demand for high-speed analytics and low latency, as well as the expanding relevance of business intelligence in company management, are expected to boost the market. Mobile devices are being used by an ever-increasing number of people. An increasing number of mobile users, networked sensors, and social media traffic are generating an ever-increasing stream of data, necessitating higher capabilities, which will likely accelerate market expansion even further. Acceptance of consumerization trends in the workplace, such as the usage of mobile devices and social networking, is resulting in a massive increase in the amount of data under corporate control.

Presence of Big Players in The Region Support Asia Pacific Dominance

The most profitable market for data warehousing is expected to be Asia Pacific. The constantly developing healthcare, IT, telecommunications, and industrial industries are some of the reasons driving data warehousing need in the region. Furthermore, rising investments in digital services in emerging markets like India and China are assisting the market's expansion. The data warehousing sector has grown thanks to the introduction of cloud technology. Cloud computing provides a data warehousing-optimized design that increases capacity. Budget restrictions and the time necessary to develop in-house applications are the primary drivers for deploying cloud-based data warehousing technology.

Over the projected period, North America is expected to lead the worldwide data warehousing market. Furthermore, it is expected to continue to be the top revenue contributor in global data warehousing in the future. Data warehousing is widely used in North America's telecommunications, financial services, healthcare, and manufacturing industries.

Browse the full Data Warehousing Market By Type (Structured and Unstructured), By Deployment Model (Cloud, On Premise, and Hybrid), By Application (BFSI, Telecom & IT, Retail, Healthcare, Manufacturing, and Government): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/data-warehousing-market

The global data warehousing market is segmented as follows:

By Type

  • Structured
  • Unstructured

By Deployment Model

  • Cloud
  • On Premise
  • Hybrid

By Application

  • BFSI
  • Telecom & IT
  • Retail
  • Healthcare
  • Manufacturing
  • Government

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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