NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
enterprise data warehouse (EDW) market size is estimated to grow by
USD 39.23 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 30.08% during the forecast period. Data explosion
across industries is driving market growth, with a trend towards
significant focus on new solution launches. However, data security
concerns poses a challenge. Key market players include Accur8
Software, Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc.,
AtScale Inc., CitiusTech Healthcare Technology Pvt. Ltd., Cloudera
Inc., Fusion Consulting AG, HCL Technologies Ltd., Health Catalyst
Inc., International Business Machines Corp., Microsoft Corp., Open
Text Corporation, Oracle Corp., SAP SE, Snowflake Inc., Solver
Inc., Tata Sons Pvt. Ltd., Teradata Corp., and Veeva Systems
Inc..
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segments, customer landscape, and companies- View the
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Enterprise Data
Warehouse (Edw) Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
30.08%
|
Market growth
2024-2028
|
USD 39236.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
23.2
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 32%
|
Key
countries
|
US, China, UK, India,
and Germany
|
Key companies
profiled
|
Accur8 Software,
Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., AtScale
Inc., CitiusTech Healthcare Technology Pvt. Ltd., Cloudera Inc.,
Fusion Consulting AG, HCL Technologies Ltd., Health Catalyst Inc.,
International Business Machines Corp., Microsoft Corp., Open Text
Corporation, Oracle Corp., SAP SE, Snowflake Inc., Solver Inc.,
Tata Sons Pvt. Ltd., Teradata Corp., and Veeva Systems
Inc.
|
Market Driver
The enterprise data warehouse (EDW) market is experiencing
growth due to increased adoption in small-medium enterprises and
large businesses. Vendors are investing in new solutions and
upgrades, such as Snowflake Inc.'s introduction of new large
language models, enhanced retrieval capabilities, and AI safety
measures in May 2024. These
advancements, like Snowflake Arctic's SQL generation and execution
capabilities, contribute to market growth under the Apache 2.0
license, ensuring openness and collaboration.
The Enterprise Data Warehouse (EDW) market is experiencing
significant growth due to the increasing demand for data analysis
and business intelligence. Businesses are recognizing the
importance of having a centralized system to manage and analyze
their data. Trends in this market include the use of advanced
analytics and machine learning to gain insights from data. Data
sources are becoming more diverse, including social media and IoT
devices. Data volumes are growing rapidly, requiring the use of
cloud-based solutions for scalability. Data security and governance
are also key concerns. Tools such as ETL (Extract, Transform, Load)
and data visualization software are essential for effective EDW
implementation. Overall, the EDW market is evolving to meet the
needs of businesses seeking to make data-driven
decisions.
Research report provides comprehensive data on
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Report
Market Challenges
- The global Enterprise Data Warehouse (EDW) market faces
significant data security challenges. Threats such as DDoS attacks,
data breaches, unsecured APIs, data loss, and account hijacking
pose risks to stored data. Vendors and enterprises are addressing
these concerns through service-level agreements (SLAs) and security
measures like data management software and security appliances.
Despite efforts to enhance security, data breaches and loss remain
potential issues, underscoring the importance of ongoing vigilance
in the EDW market.
- Enterprise Data Warehouses (EDW) play a crucial role in
businesses by collecting and storing data from various sources.
However, implementing an EDW comes with several challenges. One
major challenge is data integration from multiple sources, ensuring
consistency and accuracy. Another challenge is data security and
privacy, as sensitive data needs protection. Scalability is also a
concern, as businesses grow and generate more data. Additionally,
keeping up with technology advancements and ensuring compatibility
with new systems can be a challenge. Lastly, cost is a significant
factor, as EDW implementation and maintenance can be expensive.
Despite these challenges, businesses continue to invest in EDWs to
gain valuable insights and make informed decisions.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This enterprise data warehouse (edw) market report extensively
covers market segmentation by
- Product Type
- 1.1 Information and analytical processing
- 1.2 Data mining
- Deployment
- 2.1 Cloud based
- 2.2 On-premises
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Information and analytical processing- The
Enterprise Data Warehouse (EDW) market is driven by the expansion
of IT, BFSI, education, healthcare, and retail sectors. Data
warehouses facilitate the processing of information for querying,
analysis, and reporting. OLAP operations like slice-and-dice,
drill-down, and pivoting enable multidimensional data analysis. The
integration of web-based accessing tools and the use of both
summarized and comprehensive historical data are current trends.
These factors contribute to the growth of the information and
analytical processing segment of the EDW market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Enterprise Data Warehouse (EDW) market encompasses solutions
that enable organizations to collect, process, and store data from
various business units and data sources for analysis and reporting.
EDWs facilitate the integration of flat files and physical
recordings into a centralized, structured database. This collection
of databases serves as valuable assets for businesses, providing a
single source of truth for the organization's information. EDWs
employ an ingestion layer to handle data from multiple sources and
ensure data consistency. Business intelligence (BI) tools, such as
Tableau, PowerBI, Qlik, Teradata, Netezza, Exadata, Amazon
Redshift, and Google BigQuery, are commonly used to derive insights
from the data stored in EDWs, thereby enhancing decision-making
capabilities across departments. Data engineering plays a crucial
role in designing, building, and maintaining these complex systems.
Cloud-based EDWs offer scalability and flexibility, making them an
attractive option for businesses looking to modernize their data
management infrastructure.
Market Research Overview
The Enterprise Data Warehouse (EDW) market encompasses solutions
and services that enable organizations to collect, store, manage,
and analyze large volumes of data from various sources. EDW
solutions provide a centralized repository for data integration,
ensuring data consistency and accuracy. They utilize advanced
technologies such as artificial intelligence, machine learning, and
predictive analytics to derive valuable insights from complex data
sets. These insights help businesses make informed decisions,
optimize operations, and enhance customer experiences. EDW
solutions cater to various industries, including finance,
healthcare, retail, and manufacturing, among others. They offer
benefits such as improved data accessibility, reduced data
redundancy, and increased data security.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product Type
-
- Information And Analytical Processing
- Data Mining
- Deployment
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio