Data Warehousing Market To Receive Overwhelming Hike In Revenues By 2031
Research
Nester published a report titled “Data
Warehousing Market: Global Demand Analysis
& Opportunity Outlook 2031” which delivers detailed overview of the global data warehousing
market in terms of market segmentation by data type, deployment model,
offering, end user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
data warehousing market is estimated to occupy a large amount of
revenue by growing at a CAGR of ~10% during the forecast period, i.e., 2022 –
2031, owing to the rising demand for next generation business intelligence, and
growing need for dedicated storage systems as a result of upsurge in data
volumes globally. Along with this, escalating use of mining for business
intelligence and data analytics, and increasing proliferation of cloud
technology among enterprises around the world are also expected to accelerate
the growth of the market in the forthcoming years.
The
market is segmented by data type, deployment model, offering and end user.
Based on deployment model, the cloud segment is anticipated to witness
significant growth during the forecast period on the back of unlimited storage,
multiple data type support, and flexible pricing models offered by cloud-based
data warehousing. Additionally, by end user, the BFSI segment is projected to
grab the largest share over the forecast period attributing to the increasing
use of big data analytics and data mining in this sector, and growing emphasis
of banking companies to cut down on financial losses caused by cyberattacks.
Geographically,
the global data warehousing market is segmented into five major regions, namely
North America, Europe, Latin America, Asia Pacific, and the Middle East &
Africa. North America is evaluated to grab the largest share in the market
during the forecast period attributing to the presence of advanced
infrastructure for data warehousing, and strong footprint of major market
players in the region. Moreover, the market in Asia Pacific is assessed to
witness noteworthy growth in the future owing to the growing establishment of
data centers that provide big data solutions, and increasing spending on cloud
technologies in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Increasing
Demand for Next Generation Business Intelligence Across the Globe to Drive
Market Growth
Since the
last few years, companies all around the world are raising the need for
reducing costs, increasing revenue and downsize IT headcount. This is giving
rise to the demand for next generation business intelligence as it is capable
of effectively identifying sales trends, and provide personalized service more
easily, which in turn is projected to accelerate the market growth in the near
future.
However, high
cost of deploying data warehousing is expected to operate as key restraint to
the growth of the global data warehousing market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global data warehousing market which includes company profiling
of AtScale, Inc., Cloudera, Inc., IBM Corporation, Microsoft Corporation,
MarkLogic Corporation, Netavis Software Gmbh, Oracle Corporation, Panoply Ltd.,
Pivotal Software, Inc., SAP SE, and others. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global data warehousing market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
Request
Report Sample@ https://www.researchnester.com/sample-request-3818
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