Data Warehousing Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
The global data warehousing market is
estimated to grow at a significant growth rate of 10.7% during the forecast
period. The advent of blockchain technology has created a way to advance the
data storage and management effectively. It can offer various advantages in
data protection including transparency, reliability, and tamper-proof data
security. The use of blockchain technology may significantly improve data
security and efficient storage of files and documents. The blockchain network
is visible to all participants and provides transparency and easy auditing. It
is a reliable source as when one node fails, the user can still access the data
as it is saved on all other nodes.
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Blockchain
data center infrastructure can support increasing data processing demands and
ensure rapid, seamless, and secure data transmission. Thereby, augments the
global data warehousing market growth during the forecast period. The companies
such as KRAMBU, Inc. and Cisco Service, Inc. are integrating blockchain technology
with data storage services. Blockchain integration with data centers is
anticipated to offer significant opportunities for market players to advance
their data storage solutions. This will assist companies to increase their
revenue generation and maintain a good level of security primarily for banks
and financial institutions especially as this sector is significantly moving
toward blockchain technology for the management of financial
transactions.
A
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Banking and financial services companies require fast and
reliable connectivity to support latency-sensitive applications for activities
including market data delivery, payment processing, and online trading. To make
high-performance applications, the provisioning speed of data and billing
flexibility are critical. This could be achieved by managing a large amount of
data through data warehousing services; therefore, is expected to drive the
global data warehousing market.
Datacenter providers offered secure and seamless
networking to the dedicated bare-metal servers and are well-suited to meet the
agility and cost-efficiency requirements of the financial firms. Furthermore,
financial services offering firms need to have significant control and
customization of their IT infrastructure to comply with the industry
regulations. Therefore, these firms may require a hybrid cloud approach to
maintain more direct control over their IT infrastructure. The data warehouses
having hybrid capabilities provide seamless integration between physical and
virtual clouds while offering visibility and control over the firm’s IT
environment. For this purpose, financial institutions make use of data
warehousing services to meet the strict security and compliance requirements;
thereby driving the global data warehousing industry market growth.
Current Market Trends Covered in the Global Data Warehousing
Market Report
- On
the basis of the mode of deployment, the on-premises segment is estimated
to hold a dominating market share during the forecast period.
- Based
on the industry vertical, the BFSI segment held the largest market share
in the global data warehousing market in 2018.
- North
America is estimated to dominate the global data warehousing industry
during the forecast period.
Global Data Warehousing Market Segmentation
By Mode of Deployment
- On-Premises
- Cloud-Based
By Industry Vertical
- BFSI
- IT
& Telecom
- Retail
- Healthcare
- Others
(Manufacturing)
Global Data Warehousing Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest
of Europe
Asia-Pacific
- China
- Japan
- India
- Rest
of Asia-Pacific
Rest of the World
Company Profiles
·
Actian Corp.
·
Amazon Web Services Inc.
·
Cloudera Inc.
·
Dell Inc.
·
Equinix Inc.
·
Google LLC
·
Hewlett-Packard Co.
·
IBM Corp.
·
Infobright Inc.
·
Kognitio Ltd.
·
Microsoft Corp.
·
Oracle Corp.
·
Pivotal Software, Inc.
·
SAP SE
·
Snowflake Inc.
·
Teradata Corp.
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