Data Warehousing Market Size, Share, Growth, Forecast 2030

Data Warehousing Market

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

Category: Technology & Media Report Format : PDF Pages: 140 Report Code: ZMR-6299 Published Date: Jun-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 24.5 Billion USD 55.03 Billion 10.9% 2020

Market Overview

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.

A data warehouse is a relational database that is used to evaluate and process queries. Enterprises frequently utilize data warehousing because the data held in these warehouses is huge. Data from historical transactions is stored in the warehouse, but it also contains data from other sources. When compared to a relational database, data warehousing market has more tools. In data warehousing, extraction, transformation, and loading (ETL) tools are available. In addition to the ETL tools, the OLAP engine, and analytical tools for customers are also available to handle the data collection and delivery operations. Businesses utilize data warehousing for data mining, which identifies patterns in the information stored. This pattern of information can be incredibly useful for formulating corporate strategy based on anticipated patterns drawn from historical data. Data warehousing has given rise to a slew of new business intelligence possibilities (BI). Because financial volatility may be devastating to any business, the BFSI sector is increasingly using data warehousing.

COVID-19 Impact Analysis

The COVID-19 pandemic has prompted a surge in digital solutions across the board. In this pandemic moment, organizations are continuing to use data warehouse systems to gather information about current business conditions and make strategic decisions. The current COVID 19 pandemic is projected to have the least impact on the global data warehousing sector. Furthermore, over the projection period, the increased use of data warehouse systems is likely to boost data warehousing demand.

In contrast to related industries such as consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be stronger, obligations to continued strategic investments to support increased network traffic and data usage for remote working during the lockdown period. The need for communication services and related infrastructure has seen an unprecedented spike within the global pandemic, from school closures forcing students to use virtual offerings (Google Classroom) to governments adopting business analytics services (Power BI) to communicate viral updates. Even when the pandemic is contained, digital services such as telemedicine are projected to remain popular, assuring robust development in the communication infrastructure industry. Covid19 will be accounted for as a significant market contributor in the report.

Growth Factors

The major growth factors of Data Warehousing Market are: The organization's adoption of the big data trend is on the rise, the rise of the big data trend in the workplace is fueling a surge in analytics demand, which is expected to boost market growth. The market is likely to be driven by rising demand for high-speed analytics and low latency, as well as the growing role of business intelligence in company management. The evolving warehouse centers are expected to bring a new level of flexibility, as well as the addition of the most up-to-date information and sources, in order to handle difficulties such as complexity, diversity, volume, and velocity.

An ever-increasing number of people are using mobile devices, An expanding number of mobile users, networked sensors, and social media traffic are generating a growing stream of data that necessitates greater capabilities, which is likely to propel market expansion even further. The acceptance of consumerization trends in the workplace, such as the use of mobile devices and social networking, is causing an exponential increase in the volume of data under corporate control. To stay competitive in the industry, an effective technique to store, analyze, and manage data is essential, which is expected to drive data warehousing market growth. The market is predicted to rise due to a lack of time to develop in-house software, budget limits for IT, and cost advantages associated with on-demand software subscription.

Data Warehousing Market: Report Scope

Report Attributes Report Details
Report Name Data Warehousing Market Research Report
Market Size in 2020 USD 24.5 Billion
Market Forecast in 2028 USD 55.03 Billion
Growth Rate CAGR of 10.9%
Number of Pages 210
Key Companies Covered IBM Corp, Microsoft Corp, SAP AG, ParAccel Inc, Actian Corp, EMC Corp, Calpont Corp, HP Co, Teradata Corp., and Oracle Corp
Segments Covered By Type, By Deployment Model, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Deployment Model Segment Analysis

Based on deployment models, market is segmented into cloud, on-premises, and hybrid. When processing power and storage scalability diverge, storing data on-premises becomes prohibitively expensive. Cloud warehouses, on the other hand, can directly scale to meet computing needs as they arise, while also making them available at a low cost. Cloud data warehousing is gaining traction among businesses because to its several benefits, including unlimited storage, on-demand processing, support for many data types, and cost-effective pricing structures. They are particularly popular among SMEs because of their low infrastructure requirements and low expenses. Government measures to promote cloud computing and big data analytics are also expected to drive market expansion.

Application Segment Analysis

Based on application, market is segment into BFSI, Telecom & IT, Retail, Healthcare, Manufacturing, and Government. The massive use of data mining and big data analytics by the BFSI institutions have augmented the implementation of data warehousing solutions. These institutions are gradually deploying solutions for predictive fraud analytics, measuring credit risk, spotting false insurance claims, and ensuring government compliance, augmenting the data warehousing market demand. The emergence of IoT in BFSI with connected devices such as ATMs, mobile banking, and smart credit cards, has significantly increased the demand for Big Data analytics as well as data warehousing.

Request Free Sample

Key Market Players & Competitive Landscape

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.

Regional Segment Analysis

Because of the availability of technologically superior infrastructure, North America is expected to be the market's dominant area. 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. Furthermore, the presence of key market players in this region contributes to the market's growth.

Request Free Sample

The Asia Pacific region is projected to grow at a CAGR of 13.4% over the forecast period. During the projection period, Asia-Pacific is expected to be the fastest-growing region. This is due to the growing presence of international corporations in the region's economies, such as India, China, Japan, and others, which is driving up demand for data warehousing services. Various data centers are being built in Asia Pacific to provide big data solutions and cloud data warehousing systems. Due to the rapid growth of IT infrastructure and the increasing number of data centers.

Data Warehousing Market: Competitive Space

The global Data Warehousing market profiles key players such as:

  • IBM Corp
  • Microsoft Corp
  • SAP AG
  • ParAccel Inc
  • Actian Corp
  • EMC Corp
  • Calpont Corp
  • HP Co
  • Teradata Corp
  • Oracle Corp

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

Table Of Content

Methodology

FrequentlyAsked Questions

The global data warehousing market was valued at USD 24.5 Billion in 2020.

The global data warehousing market is expected to reach USD 55.03 Billion by 2028, growing at a CAGR of 10.9% between 2021 to 2028.

Some of the key factors driving the global data warehousing market growth are the organization's adoption of the big data trend is on the rise and an ever-increasing number of people are using mobile devices.

The Asia Pacific region is projected to grow at a CAGR of 10.3% over the forecast period. During the projection period, Asia-Pacific is expected to be the fastest-growing region. North America is likely to be the market's dominant region due to the availability of technologically better infrastructure.

Some of the major companies operating in the 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. 

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed