Press Release
Press Release
A data warehouse is a relational database designed for analysing and processing queries, primarily utilised by businesses due to its ability to handle massive-scale data. It stores information from past transactions and various heterogeneous sources, allowing organisations to improve data quality and enhance decision-making capabilities. Businesses leverage data warehousing to provide advanced business intelligence solutions to end-users, gaining a competitive edge in the market.
The expansion of the data warehousing market is attributed to the introduction of cloud technologies, providing optimised architecture for enhanced capacity. Cloud-based data warehousing is increasingly adopted due to budget constraints and time efficiency compared to in-house applications. Cloud solutions minimise overhead costs, offering scalability for processing resources and storage, ensuring cost-effectiveness. Advantages of cloud data warehousing, including support for various data types, on-demand computation, infinite capacity, and competitive pricing models, contribute to its popularity.
North America dominates the market, driven by the demand for real-time analytics and the application of AI in data warehousing. The Asia Pacific region is expected to witness the fastest growth with the increasing presence of multinational companies in countries like India, China, and Japan.
In November 2023, AWS by Amazon.com Inc (NASDAQ: AMZN), unveiled new serverless tools and integrations to enhance data management capabilities. Among the serverless tools in preview are Amazon Aurora Limitless Database and Amazon ElastiCache Serverless, addressing workload size limitations.
In May 2023, Oracle Corp (NYSE: ORCL) introduced breakthrough innovations to its Autonomous Data Warehouse, the industry's first autonomous database designed for analytics workloads. The updates include native multicloud capabilities, open standard-based data sharing, a low-code tool for simplified data integration and analysis, and ultra-fast enterprise storage at low costs for data lakes. These enhancements provide customers with flexibility in rethinking their data warehouse and data lake architectures, eliminating the trade-off between performance and cost.
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The major players in the data warehousing market globally are Amazon Web Services, Oracle Corporation, IBM Corporation, Teradata Corporation, Dell Inc., and Cloudera, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Data Type |
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Breakup by Deployment Model |
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Breakup by Organisation Type |
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Breakup by Offering |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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