Estimated Growth Potential Of The Active Data Warehousing (ADW) Market 2023-2032
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According to The Business Research Company’s Active Data Warehousing (ADW) Global Market Report 2023, The global active data warehousing (ADW) market is expected to grow from $8.6 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The active data warehousing (ADW) market is expected to reach $14.89 billion in 2027 at a CAGR of 11.6%.
North America held the largest active data warehousing (ADW) market share, and Asia-Pacific was the fastest-growing region in 2022.
Active Data Warehousing (ADW) Market Driver
The increasing demand for cloud computing is expected to propel the growth of the active data warehousing (ADW) market going forward. Cloud computing refers to providing computer services over the Internet, including servers, storage, databases, networking, software, analytics, and intelligence. Cloud computing helps with the scalability, data integration, and cost-efficiency necessary for active data warehousing, supporting real-time analytics and timely decision-making. Cloud-based dynamic data warehousing is more affordable than conventional on-premises systems as it does not require expensive hardware and software investments. For instance, in December 2021, according to Eurostat, a Luxembourg -based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5% compared to 2020. Further, large businesses adopted cloud computing at a rate of 72% in 2021, an increase of 7% from 2020. Compared to 46% in 2020, 53% of medium-sized businesses adopted cloud computing in 2021. Therefore, the increasing demand for cloud computing is driving the growth of the active data warehousing (ADW) market.
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Key Active Data Warehousing (ADW) Market Segments
The global active data warehousing (ADW) market is segmented –
1) By Deployment Mode: Cloud-Based, On-Premises
2) By Enterprise Size: Large Enterprise, Small And Medium-Sized Enterprise
3) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Manufacturing, Information Technology (IT) And telecommunication, Government And public sector, Retail, Media And entertainment, Other Industry Verticals
Active Data Warehousing (ADW) Market Prominent Players
Major players in the active data warehousing (ADW) market are Microsoft Corporation, Huawei Technologies Co. Ltd, Amazon Web Services Inc., International Business Machines (IBM) Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Google Cloud Platform, Palantir Technologies, Teradata Corporation, Informatica LLC, Cloudera Inc., Snowflake Computing Inc., Pivotal Software Inc., MicroStrategy Incorporated, Talend SA, Qubole, Fivetran Inc., Sisense Inc., ThoughtSpot Inc., Actian Corporation, Treasure Data Inc., Snowplow analytics, SingleStore, Firebolt Analytics, Yellowbrick Data, Sisu Data, Panoply Ltd., Kognitio Ltd., and Dremio Corporation.
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Prominent Active Data Warehousing (ADW) Market Trend
Technological advancements are a key trend gaining popularity in the active data warehousing (ADW) market. Major companies operating in the active data warehousing (ADW) market are focused on developing technologically advanced products and solutions to sustain their position in the market. For instance, in March 2023, SAP SE, a Germany-based software company, introduced SAP Datasphere, a next-generation data warehouse cloud solution that simplifies the data landscape for customers and provides easy access to business-ready data throughout the entire landscape. It enables data specialists to provide scalable access to mission-critical corporate data. With a unified experience for data integration, data cataloging, semantic modeling, data warehousing, data federation, and data virtualization, SAP Datasphere enables data professionals to assist in distributing mission-critical business data across their organization’s data landscape while maintaining business context and logic. It helps customers develop an enterprise data fabric architecture that allows for fast access to critical information while reducing the complexity of the data landscape.
The Active Data Warehousing (ADW) Global Market Report 2023 provides comprehensive insights on the active data warehousing (ADW) market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the active data warehousing (ADW) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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