Enterprise Data Warehouse Market Share, As Per MRFR Study Higher, and region Key Regions Segments and Demographic, Segment by 2027
Market Overview
In its research report,
Market Research Future (MRFR), emphasizes that over the review period, the
global Enterprise
Data Warehouse Market Share 2020 is projected to
rise exponentially, securing a significant market valuation and a healthy
CAGR.Drivers and Restraints
Enterprises have enormous
volume of data and lack effective tools to analyze the threats that render
fraudulent activities unnoticed, particularly in the supply chain phase. The
identification of fraud and the control of risks are among the major problems
facing vertical industry. Large companies have implemented several techniques
to avoid risks to business records. The vital and organized records of
organizations are housed in the organisation's data warehouse. Therefore,
implementing a cost-effective, cloud-based solution is likely to boost the
fraud detection market in the enterprise data warehouse industry. Enterprises
have started to embrace cloud-based delivery strategies to protect their
business records. Private clouds provide flexibility along with expanded
control rates over corporate data and applications. In the digital age of
today, the amount of data increases exponentially in an organization.
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Decreasing processing
power and online storage costs and rising business applications implementation
are key factors that promote this development. Rising in the big data trend of
the company leads to increased analytics demand which is expected to boost
market growth. It is anticipated that increased demand for high-speed analytics
and low latency along with a increasing role of business intelligence in
business management would drive market demand. The deployment of these
applications could become increasingly complex and time consuming because the
data for these applications is dispersed throughout the enterprise, stored in
many different formats, and may even reside on many different platforms. In
addition, the constant changes in the business environment foster endless
business users requests for new information. The emerging warehousing centers
are expected to implement new versatility framework along with the introduction
of up-to-date information and sources that tackle challenges such as
complexity, range, distance, and speed. Insufficient time to develop in-house
software is expected to drive market growth with budget constraints for IT
along with cost advantages linked to on-demand software subscription.
Difficulties in improving and maintaining data quality, however, may serve as a
major challenge to market growth.
Segmental Analysis
Segmentation by Methods
comprises information processing, gdata mining , analytical processing.
Segmentation by
deployment comprises on-premise and on-cloud deployment.
Segmentation by vertical
comprises BFSI, IT and telecommunications, manufacturing, retail, government
and others.
Regional Analysis
The global business
regional analysis was conducted in four major regions including Asia Pacific,
North America, Europe and the rest of the world.
North America is
predicted as the leading business area followed by Europe. Because of increased
knowledge of data management, data governance compliance and also the growing
need for better data management to create relationships between various
heterogeneous variables required to frame an organization's strategic policies
Due to the early adoption of data warehouse as a service as well as major
initiatives taken by market players in the form of collaborations with various
technology players in the region, North America constitutes the largest market
share. The US and Canada are two influential North American markets that see
the robust adoption of emerging technology, such as applications for cloud data
warehouse. Asia Pacific is considered to be market-oriented emerging area.
Competitive analysis
The main players in
the world market as defined by MRFR are ABB ltd (Switzerland), Accenture PLC
(Ireland), Informatica (US), SAS Institute, Inc.(U.S.), Teradata Corporation
(U.S.), Symantec Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation
(U.S.), Intel Security (U.S.), SAP SE (Germany).
Industry News:
In
September 2020, Majesco (NASDAQ: MJCO), a global leader in the field of cloud
insurance software solutions for various insurance business transformation,
revealed that they had joined hands with CapSpecialty, a company known for its
service in specialty insurance for SMEs in the U.S., to upgrade Majesco Billing
for P&C to Version 11 on Majesco CloudInsurer. Also, they have implemented
tools like Majesco Enterprise Data Warehouse (EDW) and Majesco Digital1st
Electronic Billing and Payments (EBP) applications.
In August
2020, a hybrid cloud data warehouse company Yellowbrick Data declared that
Sotero, an enterprise data protection provider, joined the company’s partner
program. The companies have finished their technical integration and
certification to provide enterprises with robust and simple-to-use data
protection encompassing security, compliance, and privacy. The Yellowbrick and
Sotero solution is now available. Yellowbrick has the only modern data
warehouse that has been designed exclusively for the hybrid cloud. Sotero’s
expertise in offering comprehensive data security and protection removes operational
and maintenance headaches in various deployment scenarios.
The global
market report on the enterprise data warehouse market share shows that the
incorporation of this technology is slated to grow multifold after the
healthcare sector witnessed a severe crisis in operation during the COVID-19
pandemic.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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