Press release
Data Warehousing Market Expected to Reach US$ 51.7 Billion by 2028 | IMARC Group
Data Warehousing Market Report 2023
Report Highlights
How big is the data warehousing market?
The global data warehousing market size reached US$ 28.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
What is data warehousing?
Data warehousing refers to the process of collecting, organizing, and storing large volumes of structured and sometimes unstructured data from various sources into a centralized repository. The purpose of a data warehouse is to provide a unified and historical view of data that can be analyzed and used for reporting, business intelligence, and decision-making purposes. Data warehousing involves extracting data from different operational systems, transforming it into a consistent and standardized format, and loading it into the data warehouse. This allows for efficient querying, analysis, and reporting, enabling organizations to gain valuable insights and make data-driven decisions.
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What are the growth prospects and trends in the data warehousing industry?
The tremendous increase in the volume of data produced by enterprises is the main factor driving the worldwide data warehousing market. Data warehousing ensures consistency, creation of indexes, aggregates and transformation and merging of source data. Besides this, improvements in the information technology (IT) infrastructure and the emerging trend of virtual data warehousing are also contributing to the market growth. Furthermore, the rapid integration of data warehouses with artificial intelligence (AI) and machine learning (ML) solutions automatically transforms and optimizes data according to user requirements. These factors are expected to provide a positive thrust to the market in the coming years.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Offering:
ETL Solutions
Statistical Analysis
Data Mining
Others
Breakup by Data Type:
Unstructured Data
Semi-Structured and Structured Data
Breakup by Deployment Model:
On-premises
Cloud-based
Hybrid
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End User:
BFSI
IT and Telecom
Government
Manufacturing
Retail
Healthcare
Media and Entertainment
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Actian Corporation (HCL Technologies Limited)
Amazon Web Services Inc. (Amazon.com Inc)
Cloudera Inc.
Dell Technologies Inc.
Google LLC (Alphabet Inc.)
Hewlett Packard Enterprise Development LP
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Snowflake Inc
Teradata Corporation.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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