Portland, May 15, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global data warehousing market was estimated at $18.61 billion in 2017 and is projected to garner $34.69 billion by 2025, registering a CAGR of 8.2% throughout 2018-2025. The report offers an in-depth analysis of drivers & opportunities, changing market trends, competitive scenario, key segments, and market size & assessments.
Need for a dedicated storage system for growing volume of data, increase in demand for column-oriented data warehouse solutions to perform advanced analytics, and the growing need for low-latency, real-time view, and analytics on operational data have fueled the growth of the global data warehousing market. On the other hand, the high implementation cost of the same has checked the growth to some extent. Nevertheless, the emerging trend of adopting virtual data warehousing and the growing application of AI in data warehouse has created multiple opportunities in the segment.
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The market is segmented into type of offering, type of data, deployment, organization site, industrial vertical, and region. Based on type of offering, the market is divided into Extraction, Transportation and Loading (ETL) Solutions, Statistical Analysis, Data Mining, and Others. Based on type of data, the market is bifurcated into Unstructured Data, and Semi-structured & Structured Data. Based on deployment, the report fragments the market into On-Premise, Cloud, and Hybrid. Based on organization size, the market is classified into Small & Medium Sized Enterprises (SMEs) and large enterprises. Based on industry vertical, the market is split into BFSI, Telecom & IT, Government, Manufacturing, Retail, Healthcare, Media & Entertainment, and Others. Based on the region, the market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, the Middle East and Africa (LAMEA).
The report includes an analysis of the major market players such as Amazon, IBM Corporation, Cloudera, Snowflake, Teradata Action Corp, Oracle Corporation, Google, Microsoft, and SAP. They have adopted high-end strategies such as collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others, thereby retaining a strong stand in the industry
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