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Global Data Warehousing market to grow at a CAGR of 11.16 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing amount of data generated by organizations. The Global Data Warehousing market has also been witnessing the increasing popularity of cloud computing technology. However, the difficulty in managing and improving data quality could pose a challenge to the growth of this market.
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In recent years, the high adoption of cloud computing technology by enterprises has been one of the emerging trends in the Global Data Warehousing market. Cloud-based data warehousing acts as an infrastructure design with a higher potential than traditional data warehouse deployment methods. Thus, organizations can use their private cloud for supporting their data warehouse and analytics. Budget constraints for IT, insufficient time to build in-house software, and cost advantages attached to hosted or on-demand software subscriptions are the primary factors responsible for the increased adoption of cloud-based data warehousing solutions by enterprises. In addition, cloud services do not have overhead costs of space, power, and cooling that are generally incurred with the deployment of traditional in-house data warehouse solutions.
According to the report, one of the major drivers in this market is the increased amount of data generated by organizations. Due to the large amount of data generated, enterprises need data warehousing solutions to automatically track the performance and behavior of the information stored in their systems. In addition, they require analytics to develop innovative business strategies and improve their overall operational efficiency.
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Further, the report states that one of the major challenges in this market is the difficulty in managing and improving data quality. Companies have to undergo several steps of scrutiny in order to ensure the high quality of data to be used for analytical purposes.
Global Data Warehousing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Data Warehousing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
