Data Warehousing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 11/25/2016 -- A thorough overview of the global data warehousing market has been provided in a new research report by Transparency Market Research (TMR). It also provides data analysis and vital information of the global market highlighting the key segments based on product type, application, and geography. The research study, titled "Data Warehousing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024," throws light on the growth prospects, opportunities, and limitations for the key players operating in it. The research study has presented insights into the market dynamics that are projected to influence market growth throughout the forecast period. The historical data and projected statistics mentioned in the research study are expected to guide the key players in obtaining a clear understanding of the overall market.
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Data warehousing enables users to access a large pool of information that has been organized in a relevant and effective manner. It also helps in reducing the cost of computing and combines data at one location, as a result several organizations are attracted towards data warehousing. The market is poised for a quantum shift, thanks to the ongoing demand for next-generation business intelligence, which is projected to the fuel growth of data warehousing market over the forecast period.
The increasing amount of data that is being generated by organizations every day is the primary factor driving the demand for data warehousing across the globe. In addition, the growing popularity and the additional benefits provided by cloud computing technology are expected to encourage market growth throughout the forecast period. Furthermore, growth in the IT and related services across the globe is increasing data generation and contributing extensively towards the development of the data warehousing market.
Moreover, the growing awareness regarding the benefits of business intelligence (BI) in data warehousing is driving the market. Budget constraints for IT, limited time to build in-house software, and cost advantages associated with on-demand software subscription are further expected to drive the market growth. On the flip side, several difficulties faced by the manufacturers in improving and managing data quality are estimated to hamper the growth of the overall market.
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Key players in the market are focusing on the formalization of professional services in order to support data warehouse delivery. Treasure Data Inc., Oracle Corporation, Informatica LLC, Microsoft Corporation, IBM Corporation, SAS Institute Inc., Hewlett-Packard Development Company, L.P., SAP AG, Amazon.com, Inc., and Teradata Corporation are some of the leading players included in the research study. To provide a clear picture of the competitive scenario, company overview, product portfolio, financial status, business strategies, SWOT analysis, and recent events and developments have been presented in the scope of the study.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.