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Enterprise Data Warehouse Market to be Worth $8.15 Billion by 2030-Exclusive Report by Meticulous Research®
According to a new market 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.,' the enterprise data warehouse market is projected to reach $8.15 billion by 2030, at a CAGR of 14.4% during the forecast period.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5724
The enterprise data warehouse (EDW) is a database, or collection of databases, that centralizes business information from multiple sources and applications and makes it available for analytics and use across the organization. The EDW consists of various data sources such as enterprise resource planning (ERP) systems, customer relationship management (CRM) platforms, finance applications, Internet of Things (IoT) devices, and mobile and online systems. The enterprise data warehouse helps to utilize business needs such as real-time access to data for action, holistic understanding of customers, tracking and ensuring data compliance, and consolidating data to a single and reliable repository.
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.
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Based on offering, 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 adoption of virtual data warehousing to boost the data access process, the growing need to protect existing and prospective customers' information, the increasing demand for maintaining data quality and consistency, and the increasing role of business intelligence and data analytics in enterprise management.
Also, this segment is projected to register the highest CAGR during the forecast period.
Based on organization size, 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 implementation of EDW to ensure data security, compliance, and governance in large enterprise and the rising need to store large volumes of data and promotes better business intelligence and strategic planning.
However, the small & medium-sized enterprise segment is projected to register the highest CAGR during the forecast period due to the growing need to Improve data quality management, the growing need to enhance efficiency in operations and scalability, and the rising adoption of EDW to streamlined data management and improves insights for better decision-making.
Based on deployment mode, 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 higher preference for on-premise deployments among large enterprises and the rising need to achieve data governance and regulatory compliance.
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However, the cloud-based deployment segment is projected to register the highest CAGR during the forecast period due to the rising adoption of cloud-based EDW for automatic updates and maintenance and the rising need for advanced security measures, encryption, access control, and compliance certifications.
Based on end-use industry, 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 rising adoption of virtual data warehousing to boost the data access process, the rising use for proactive maintenance, capacity planning, and the identification of potential issues, and the growing need to manage regulatory compliances by securely storing and managing sensitive customer data.
However, the healthcare segment is projected to register the highest CAGR during the forecast period due to the increasing use of solutions for predictive analysis for disease outbreaks, patient trends, and resource needs and the rising need to streamline administrative tasks, billing, and inventory management.
Based on geography, 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 growing need for collaborative data storage and analytics solutions due to the rise in remote work culture, the increasing reliance on data-driven decision-making in businesses, and the rising shift towards cloud-based solutions due to cost-effectiveness and flexibility.
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However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period due to the increasing adoption of data warehouse solutions 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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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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