January 22, 2020 by Market-NewsFlash
The global enterprise data warehouse (EDW) market has been thoroughly researched by Market Research Future, and the findings have been published. The EDW market is anticipated to witness a CAGR over the forecast period of 2016 to 2027. Enterprise data warehouses are considered a crucial component of business intelligence, particularly with the growing adoption of rapidly advancing technology. Uses in the healthcare sector are significantly driving the global enterprise data warehouse market.
Management of data and drawing up records is an infinitely complex challenge which is consistently being improved upon. For the healthcare sector and others, data warehousing is a core component of data management, thus driving the market. Healthcare organizations are increasingly leveraging cloud services and other advancing IT technology to manage patient records and other activities such as billings better. Global growth of the healthcare sector as well as the rapidly expanding regional healthcare sector in emerging economies are expected to present the market with ample opportunity for growth over the forecast period. Enterprise data warehouse solutions offer high level of security and scalability which make them useful across a wide number of industry verticals. They offer a way to analyse previous data efficiently and assist businesses in enabling improvement of operations. These factors act as significant drivers of the enterprise data warehouse market.
The enterprise data warehouse market is segmented on methods, deployment, verticals, and region. By methods, the market is segmented into data mining, information processing, and analytical processing. By deployment, the market is segmented into on-premise, and by-cloud. Deployment on the cloud is growing highly popular as it offers a wide number of advantages. By verticals, the market is comprised of IT & telecommunications, manufacturing, BFSI, retail, government, and many more.
Regionwise, the global enterprise data warehouse market is segmented into Europe, Asia Pacific, North America, and the Rest of the World.
North America is the dominant region in terms of market share and is closely followed by Europe which displays a comparable growth pattern. These regions have high awareness regarding the importance and advantages of data management. Moreover, stringent enforcement of data governance and the use of data management to improve operations & business efficiency are expected to keep these regions in their respected positions.
Meanwhile, the Asia Pacific displays high promise as an emerging region. There is a high volume of data being generated on a daily basis. The recognition of this and increasing awareness are likely to offer the lucrative market opportunities.
The report includes Informatica, Accenture PLC, IBM Corporation, ABB Ltd, Teradata Corporation, SAS Institute, Inc., Oracle Corporation, Symantec Corporation, Intel Security, and SAP SE as some of the market players who are at the forefront of market growth.
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