The Latest Data Warehousing Industry Statistics Explained
As of 2020, the global data warehousing market size was valued at USD 18.61 billion.
The statistic indicates that in the year 2020, the total market value of the global data warehousing industry was USD 18.61 billion. This figure represents the collective worth of all data warehousing products and services supplied and consumed worldwide during that particular year. Data warehousing involves the process of storing, organizing, and managing large volumes of data for analytical and reporting purposes. The market size value serves as a key indicator of the industry’s scale and growth, reflecting the demand for data warehousing solutions in various sectors such as finance, healthcare, retail, and others. The increase or decrease in this market size can provide insights into the evolving trends and needs of businesses pertaining to data management and analysis.
The Compound Annual Growth Rate (CAGR) of the data warehousing industry is projected to be 8.8% from 2021 to 2028.
The Compound Annual Growth Rate (CAGR) of the data warehousing industry projected to be 8.8% from 2021 to 2028 indicates the average annual growth rate that the industry is expected to experience over this 7-year period. This figure takes into account the compounding effect of growth, providing a more accurate representation of the industry’s overall growth trajectory compared to a simple average. A CAGR of 8.8% suggests that the data warehousing industry is anticipated to see consistent and steady growth over the next several years, highlighting the potential for expansion and development within this sector.
In 2019, the on-premise data warehouse segment captured a market share of approximately 69%.
The statistic indicates that in 2019, the on-premise data warehouse segment held a dominant position in the market, capturing about 69% of the total market share. This suggests that a significant majority of organizations’ data warehousing needs were being fulfilled through on-premise solutions rather than cloud-based or hybrid alternatives. The high market share for on-premise data warehouses may be attributed to factors such as data security concerns, legacy infrastructure, compliance requirements, or the perceived need for greater control over data management processes. Overall, this statistic highlights the continued relevance and preference for on-premise data warehouse solutions in the business landscape in 2019.
By 2026, cloud-based data warehouses are expected to grow at a CAGR of around 21.6%.
This statistic indicates that the adoption and usage of cloud-based data warehouses is forecasted to experience significant growth over the period from the current year until 2026, with a Compound Annual Growth Rate (CAGR) of approximately 21.6%. The CAGR represents the average annual growth rate over the specified time frame, suggesting a substantial increase in the popularity and implementation of cloud-based data warehouses among businesses and organizations. This growth trend implies a shift towards utilizing cloud computing technology for storing and managing data, highlighting the increased recognition of the benefits and advantages offered by cloud-based solutions, such as scalability, cost-efficiency, and flexibility in adapting to evolving data needs.
Amazon leads the pack in the cloud data warehousing market with a 31% share.
The statistic “Amazon leads the pack in the cloud data warehousing market with a 31% share” indicates that Amazon’s cloud data warehousing services have captured the largest market share compared to competitors in the industry. This means that 31% of the total market for cloud data warehousing services is held by Amazon, putting them ahead of other companies offering similar services. This statistic showcases Amazon’s dominance and success in the cloud data warehousing market, highlighting their competitive advantage and strong position in the industry.
Healthcare and life science industry vertical is expected to grow at an impressive rate of CAGR 23.8% in the data warehousing market from 2021 to 2026.
The statistic indicates that the healthcare and life science industry vertical is projected to experience significant growth in the data warehousing market over the period from 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of 23.8%. This suggests that there will be a substantial increase in the adoption and utilization of data warehousing solutions within the healthcare and life science sector during the specified timeframe. This growth rate is considered impressive as it highlights the rapid pace at which these industries are expected to leverage data warehousing technologies to enhance data storage, analysis, and decision-making processes. It signifies a strong trend towards data-driven strategies and advancements in data management practices within the healthcare and life science sectors, leading to potential improvements in operational efficiency, research, patient care, and overall industry outcomes.
Data warehousing tools market size is expected to grow by USD 8.3 billion during 2020-2024 at a CAGR of 11%.
The statistic indicates that the data warehousing tools market is projected to increase in size by USD 8.3 billion between 2020 and 2024, with a Compound Annual Growth Rate (CAGR) of 11%. This suggests a steady and substantial expansion in the adoption and utilization of data warehousing tools over the specified period. The CAGR of 11% implies a consistent annual growth in market revenue, reflecting a growing demand for data warehousing solutions among businesses to store, manage, and analyze their data effectively. The projected growth signifies opportunities for vendors and service providers in this market as organizations increasingly recognize the importance of efficient data management for improving decision-making and gaining competitive advantages.
Over 80% of enterprises believe that data warehouse technology is either ‘critical’ or ‘very important’ to their digital transformation efforts.
The statistic that over 80% of enterprises consider data warehouse technology as either ‘critical’ or ‘very important’ to their digital transformation efforts highlights the significant role that data warehouses play in modern business operations. This finding suggests that the majority of companies acknowledge the pivotal role that data management and analytics play in driving their digital transformation strategies. By leveraging data warehouse technology, enterprises can centralize and analyze vast amounts of data to gain valuable insights, make informed decisions, optimize processes, and drive innovation. This statistic underscores the increasing awareness among organizations of the importance of data-driven decision-making and the transformative potential of leveraging data warehouse technology in achieving their strategic objectives.
North America held the largest market share in the data warehousing market in 2019.
The statistic “North America held the largest market share in the data warehousing market in 2019” indicates that among all the regions worldwide, North America accounted for the highest proportion of the total market value for data warehousing solutions in 2019. This suggests that North America saw the highest demand for data warehousing services, technologies, and solutions, making it a key player in this market segment. Factors such as technological advancements, increasing data complexity, and a robust economy likely contributed to North America’s dominance in the data warehousing market in 2019. This information is crucial for businesses operating in the data warehousing industry to understand regional market dynamics, competition, and potential growth opportunities.
Asia Pacific data warehousing market is expected to witness the fastest growth over the forecast period.
This statistic suggests that the Asia Pacific data warehousing market is projected to experience the highest rate of growth among all regions over the specified forecast period. This may be attributed to various factors such as the increasing adoption of data analytics technologies, rising demand for advanced data storage solutions, and the expanding presence of businesses in the region. The anticipated rapid growth signals a significant opportunity for data warehousing vendors and service providers to capitalize on the growing market demand in Asia Pacific, potentially leading to a surge in investments, innovations, and strategic partnerships within the industry to cater to the evolving data management needs of organizations in the region.
The top industries contributing to the demand for data warehousing solutions include BFSI, telecom and IT, government, healthcare and manufacturing.
The statistic indicates that the top industries driving the demand for data warehousing solutions are the Banking, Financial Services, and Insurance (BFSI) sector, telecommunications and Information Technology (IT), governmental agencies, healthcare institutions, and manufacturing companies. This suggests that these industries are heavily reliant on data analytics and storage to make informed decisions, improve operational efficiency, enhance customer experiences, and drive innovation. By investing in data warehousing solutions, organizations in these sectors aim to streamline their data management processes, extract valuable insights from their vast amounts of data, and ultimately gain a competitive edge in their respective markets.
The Managed services segment is expected to grow at the highest CAGR during the forecast period in the data warehousing market.
The statement indicates that among all the segments in the data warehousing market, the Managed services segment is projected to experience the highest Compound Annual Growth Rate (CAGR) over the forecast period. This suggests that the demand for managed services in data warehousing, which typically involve outsourcing the management and maintenance of data infrastructure and analytics processes to third-party providers, is expected to increase significantly compared to other segments in the market. This growth could be driven by factors such as the increasing complexity of data storage and analysis requirements, the need for specialized expertise in managing data systems, and the trend towards cost-effective and scalable solutions.
Snowflake leads in the ability to execute and completeness of vision in the Gartner Magic Quadrant for Data Management Solutions 2021.
This statistic indicates that Snowflake has been recognized by Gartner as a leader in both its ability to execute and the completeness of its vision in the field of data management solutions in 2021. The Gartner Magic Quadrant is a well-respected evaluation method that positions companies based on their performance and strategic goals in a particular market. By being positioned as a leader in both categories, Snowflake is acknowledged for its strong market presence, innovation, product offerings, and customer satisfaction, highlighting its overall excellence and leadership in the data management industry.
The data warehouse optimization garners the largest share of big data use cases at 10%.
The statistic suggests that among various use cases of big data, data warehouse optimization is the most prevalent, capturing a significant portion accounting for 10% of the total use cases. This indicates that organizations are heavily focusing on enhancing and fine-tuning their data warehouse infrastructure to effectively handle and utilize large volumes of data. Data warehouse optimization typically involves improving query performance, data storage efficiency, and overall system scalability to extract valuable insights from data more efficiently. With the increasing volume and complexity of data being generated, it is essential for organizations to prioritize optimizing their data warehouse to harness the full potential of big data analytics.
Data warehousing and business intelligence are the top two cloud use cases for organizations at 78% and 73% respectively.
The statistic indicates that a significant majority of organizations are leveraging cloud technology for data warehousing and business intelligence purposes. Data warehousing involves the process of storing and managing large volumes of data for analysis and reporting, while business intelligence refers to the tools and techniques used to transform data into insights for decision-making. The high adoption rates of cloud for these use cases suggest that organizations are recognizing the scalability, flexibility, and cost-effectiveness that cloud platforms offer in managing and analyzing data. By migrating data warehousing and business intelligence functions to the cloud, organizations can potentially improve operational efficiency, access advanced analytics capabilities, and make data-driven decisions more effectively.
In 2022, the expected growth of the data warehousing market will cross USD 30 billion.
The statistic suggests that the data warehousing market is projected to experience substantial growth in 2022, to the extent that it will surpass a value of USD 30 billion. This indicates a significant increase in demand for data warehousing solutions and services, likely driven by the growing volume of data being generated and the increasing need for organizations to effectively manage and analyze this data. The expected growth signifies a strong market opportunity for providers in the data warehousing industry, highlighting the importance of data management and analytics capabilities in meeting the evolving needs of businesses in today’s data-driven environment.
Microsoft is the second largest vendor in the data warehousing industry, owning a 19% market share.
This statistic indicates that Microsoft is a significant player in the data warehousing industry, being the second largest vendor with a substantial market share of 19%. Data warehousing involves the process of storing and managing large volumes of data for analysis and decision-making purposes, making it a crucial component of many businesses’ operations. Microsoft’s strong presence in this industry suggests that its data warehousing solutions are widely adopted and trusted by organizations seeking to effectively manage and leverage their data assets. The 19% market share further signifies Microsoft’s competitive position in the industry, highlighting its ability to capture a significant portion of the market demand for data warehousing solutions.
The data warehousing applications segment was worth USD 5.5 billion in 2019.
The statistic indicates that the total market value or worth of data warehousing applications in terms of revenue generated was estimated to be USD 5.5 billion for the year 2019. This figure represents the collective value of sales, subscriptions, or licensing fees associated with software and services related to data warehousing applications. It suggests a significant market size and demand for tools and technologies that facilitate the collection, storage, and analysis of large volumes of data within organizations for business intelligence, decision-making, and reporting purposes. The statistic highlights the continued importance and investment in data warehousing solutions across various industries to harness the power of data for strategic insights and competitive advantage.
50% of data is stored in a cloud data warehouse by an average organization that uses cloud technology.
This statistic implies that, on average, 50% of the data maintained by organizations utilizing cloud technology is stored in a cloud data warehouse. Cloud data warehousing offers benefits such as scalability, accessibility, and cost-efficiency, which make it an attractive option for managing and analyzing large volumes of data. This statistic suggests that many organizations are leveraging cloud data warehouses to store and process their data, indicating a growing trend towards cloud-based solutions for data management and analytics. Additionally, it highlights the importance of data warehousing in modern data-driven organizations that rely on cloud technology for their operations.
The BFSI sector held a market share of 25% in the data warehousing market in 2019.
This statistic indicates that the Banking, Financial Services, and Insurance (BFSI) sector accounted for a significant portion of the data warehousing market in 2019, holding a market share of 25%. This suggests that the BFSI sector has a strong presence and influence in the data warehousing industry, likely due to the sector’s large volumes of data and complex data management needs. Companies within the BFSI sector may be investing heavily in data warehousing solutions to store, manage, and analyze their data to gain insights, improve decision-making processes, and enhance operational efficiencies. Overall, the statistic highlights the importance of the BFSI sector as a key player in the data warehousing market in 2019.
Conclusion
The statistics presented in the data warehousing industry showcase the significant growth and potential in the market. As businesses continue to recognize the importance of data analytics and decision-making based on data-driven insights, the demand for data warehousing solutions is expected to rise. With the increasing volume of data being generated, stored, and analyzed, the role of data warehouses will only become more crucial in driving business success and competitive advantage.
References
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6. – https://www.www.snowflake.com
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