PUBLISHER: Meticulous Research | PRODUCT CODE: 1576690
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576690
Enterprise Data Warehouse Market by Offering (Solutions, Services), Organization Size, Deployment Mode, End-use Industry (IT & Telecommunications, Healthcare, Retail & E-commerce, BFSI, Manufacturing), and Geography-Global Forecast to 2031
The research report titled 'Enterprise Data Warehouse Market by Offering (Solutions, Services), Organization Size, Deployment Mode, End-use Industry (IT & Telecommunications, Healthcare, Retail & E-commerce, BFSI, Manufacturing), and Geography-Global Forecast to 2031' from Meticulous Research(R) provides an in-depth analysis of the enterprise data warehouse market in five major geographies and focuses on the current market trends, market sizes, market shares, recent developments, and forecasts to 2031.
The enterprise data warehouse market is projected to reach $9.3 billion by 2031, at a CAGR of 14.4% from 2024 to 2031.
The growth of the enterprise data warehouse market is driven by the increasing significance of business intelligence and data analytics in enterprise management and the rising importance of data-driven decision-making in improving business performance. However, the complexities in utilizing data warehouse services restrain 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 optimization is a major challenge for the players operating in this market. The increasing use of machine learning and artificial intelligence is a prominent trend in the enterprise data warehouse market.
The enterprise data warehouse market is segmented by offering (solutions [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 enterprises and small & medium-sized enterprises), 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 analyzes the market at the regional and country levels.
Based on offering, the enterprise data warehouse market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of over 75.0% of the enterprise data warehouse market. The large market share of this segment is attributed to the rising need to track and modify marketing campaigns for faster and more accurate evaluation, the increasing demand for maintaining data quality and consistency, the increasing role of business intelligence and data analytics in enterprise management, the rising adoption of virtual data warehousing to boost data access processes, and the growing need to protect existing and prospective customers' information. This segment is also projected to register the higher CAGR during the forecast period.
Based on organization size, the enterprise data warehouse market is segmented into large enterprises and small & medium-sized enterprises. In 2024, the large enterprises 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 need for streamlined data management, improved analytics, better decision-making, easier access to structured data across the organization, the rising need to store large volumes of data and promote better business intelligence and strategic planning, and the growing implementation of EDW to ensure data security, compliance, and governance in large enterprises.
However, the small & medium-sized enterprises segment is projected to register the higher CAGR during the forecast period due to the rising adoption of EDW among small & medium-sized enterprises to streamline data management and improve insights for better decision-making, the growing need to enhance efficiency and scalability in operations, the increasing adoption of EDW to improve analytics and reporting capabilities to make data-driven decisions, and the growing need to improve data quality management.
Based on deployment mode, the enterprise data warehouse market is segmented into cloud-based deployment and on-premise deployment. In 2024, the on-premise deployment segment is expected to account for the larger share of over 40.0% of the enterprise data warehouse market. The large market share of this segment is attributed to the growing use of on-premises data warehouses for better control, speed, security, governance, and availability, the rising need to achieve data governance and regulatory compliance, and the higher preference for on-premise deployments among large enterprises.
However, the cloud-based deployment segment is projected to register the higher CAGR during the forecast period due to the growing deployment of large-scale cloud data warehouses, the rising need for advanced security measures, encryption, access control, and compliance certifications, the increasing use of cloud-based solutions to handle large volumes of data with faster processing speed, and the rising adoption of cloud-based EDW for automatic updates and maintenance.
Based on end-use industry, the enterprise data warehouse market is segmented into IT & telecommunications, retail & E-commerce, healthcare, manufacturing, energy & utilities, education, BFSI, government, and other end-use industries. In 2024, the IT & telecommunications segment is expected to account for the largest share of over 55.0% of the enterprise data warehouse market. The large market share of this segment is attributed to the increasing adoption of EDW to enable a comprehensive view of customer behaviors, network performance, and operational insights, the rising use of EDW for proactive maintenance, capacity planning, and identification of potential issues, the growing need to manage regulatory compliances by securely storing and managing sensitive customer data, and the rising adoption of virtual data warehousing to boost data access processes.
However, the healthcare segment is projected to register the highest CAGR during the forecast period due to the increasing adoption of EDW solutions in the healthcare sector to aggregate patient records, medical histories, and diagnostic reports, the rising need to streamline administrative tasks, billing, and inventory management, the growing data exchange between different healthcare systems, and the increasing use of EDW solutions for predictive analysis of disease outbreaks, patient trends, and resource needs.
Based on geography, the enterprise data warehouse market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of over 40.0% of the enterprise data warehouse market. The large market share of North America is attributed to technological advancements in several industries and the presence of key market players in the region, the increasing reliance on data-driven decision-making, the shift toward cloud-based solutions due to their cost-effectiveness and flexibility, and the growing need for collaborative data storage and analytics solutions due to the increase in remote working.
However, Asia-Pacific is projected to register the highest CAGR of over 16.0% during the forecast period due to the rapid growth in E-commerce, technological innovation in countries such as China, India, and South Korea, the growing demand for data integration tools and software, the increasing adoption of data warehouse solutions among healthcare, IT, and telecommunications businesses, and the rising importance of data-driven decision-making for improved business performance.
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.).
Enterprise Data Warehouse Market Assessment-by Offering
Enterprise Data Warehouse Market Assessment-by Organization Size
Enterprise Data Warehouse Market Assessment-by Deployment Mode
Enterprise Data Warehouse Market Assessment-by End-use Industry
Enterprise Data Warehouse Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)