The enterprise data warehouse market is estimated to grow at a CAGR of 20.7% between 2022 and 2027. The size of the market is forecast to increase by USD 18,645.51 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including – Accur8 Software, Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., AtScale Inc., CitiusTech Inc., Cloudera Inc., Fusion Consulting AG, HCL Technologies Ltd., Health Catalyst Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., Oracle Corp., SAP SE, Snowflake Inc., Solver Inc., Tata Sons Pvt. Ltd., Teradata Corp., and Veeva Systems Inc.– Download Sample Report in minutes.
Enterprise Data Warehouse Market- Market Insights
- Vendors: 15+, Including Accur8 Software, Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., AtScale Inc., CitiusTech Inc., Cloudera Inc., Fusion Consulting AG, HCL Technologies Ltd., Health Catalyst Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., Oracle Corp., SAP SE, Snowflake Inc., Solver Inc., Tata Sons Pvt. Ltd., Teradata Corp., and Veeva Systems Inc., among others.
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: Product type (information and analytical processing and data mining), Deployment (cloud-based and on-premise), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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Enterprise Data Warehouse Market – Market Dynamics
Key Driver
Data explosion across industries is a key factor driving market growth. The amount of data being generated by industries worldwide is constantly increasing. For instance, Facebook uploads around 100 terabytes of data daily, while Walmart manages over one million transactions per hour and stores the corresponding data in its database. Organizations capture and store both financial and non-financial transactions as part of their operations.
The digitization of organizations adds complexity and diversity to the datasets they handle. Additionally, the adoption of advanced technologies like the Internet of Things (IoT) in industries further contributes to the data volume. In order to process and analyze such massive amounts of data, the utilization of enterprise data warehouse solutions is important. Moreover, these solutions help enhance the overall handling and analysis of the data. Therefore, these factors are expected to drive market growth during the forecast period.
Major Trends
Native machine data generation is the major trend in the market. The adoption of echo state networks (ESN), ML, and IoT is driving an increase in data volume within organizations. Advanced devices and sensors are generating native machine data for machine-to-machine (M2M) communication and collaboration. While many systems already produce native data, legacy systems struggle to handle such data effectively. However, the introduction of advanced sensors and IoT is expected to make this data more accessible and usable in the future.
Consequently, enterprise data warehouse software solutions are anticipated to undergo a transformation, being redesigned and reconfigured to incorporate the ingestion and analysis of native machine data. This transformation aims to enhance data analytics and process efficiency and support critical business systems.
Significant Challenge
Data security concerns are a major challenge restricting growth in the market. The data security threats in the market include distributed denial-of-service (DDoS) attacks, data breaches, unsecured application programming interfaces (APIs), data loss, and account hijacking. Phishing, cross-site scripting, and social engineering techniques can be used to easily hijack backup account credentials, resulting in potential data breaches and loss.
Furthermore, the frequency of cyberattacks on enterprises is on the rise, making vendors collaborate with enterprises in establishing service-level agreements (SLAs) during storage implementation. Data management software and security appliances are used in data center environments to monitor data security and detect any potential threats. Therefore, these security threats are expected to restrict market growth during the forecast period.
The enterprise data warehouse market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
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What are the key data covered in this Enterprise Data Warehouse Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the enterprise data warehouse market between 2023 and 2027
- Precise estimation of the size of the enterprise data warehouse market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the enterprise data warehouse market across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of enterprise data warehouse market vendors
