Meticulous Research® has unveiled a detailed report titled ‘Enterprise Data Warehouse Market by Offering, Organization Size, Deployment Mode, End-use Industry, and Geography—Global Forecast to 2030,’ projecting the market to reach $8.15 billion by 2030, with a CAGR of 14.4%.
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Factors Fueling Market Expansion
The increasing importance of business intelligence and data analytics drives the enterprise data warehouse market. Companies are turning to data-driven strategies to enhance performance, although the complexity of utilizing data warehouse services poses a challenge.
Growth Opportunities and Challenges
The shift towards large-scale cloud data warehouses and virtual data warehousing creates significant growth opportunities. Nevertheless, managing data structure effectively is a key challenge. Trends in machine learning and AI are also influencing market dynamics.
Segmentation by Offering
The market is divided into solutions and services, with the solutions segment expected to capture a larger share in 2023. This segment’s growth is linked to the increasing need for effective data management and business intelligence, and it is projected to grow at the highest CAGR.
Impact of Organizational Size on the Market
In terms of organization size, large enterprises are anticipated to lead in market share due to their need for enhanced data management. Conversely, small and medium-sized enterprises are likely to see the fastest growth as they increasingly adopt EDW for improved decision-making.
Deployment Mode Trends
Segmenting by deployment mode reveals that on-premise solutions will dominate in 2023 due to the need for greater control and security. However, the cloud-based segment is set to experience the highest growth rate, driven by the demand for speed and advanced security.
Industry-Specific Insights
The enterprise data warehouse market is also segmented by end-use industries, with IT and telecommunications leading in 2023. The healthcare segment is expected to experience significant growth, driven by the demand for efficient patient data management solutions.
Regional Market Overview
North America is projected to hold the largest market share, supported by technological advancements and a focus on data-driven decision-making. The Asia-Pacific region is expected to experience the highest growth due to the rise of e-commerce and technological innovation.
Leading Market Players: Prominent players in the EDW market include Accur8 Software (U.S.), Virtusa Corporation (U.S.), IBM (U.S.), Microsoft (U.S.), Oracle (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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