The Global Market for Data Warehouse Management Software is Projected to Reach US$16.3 Billion by 2020

Growing Emphasis on Business Intelligence Drives Demand for Data Warehouse Management Software, According to a New Report by Global Industry Analysts, Inc. 

GIA announces the release of a comprehensive global report on Data Warehouse Management Software. The global market for Data Warehouse Management Software is projected to reach US$16.3 billion by 2020, driven by the growing enterprise emphasis on business intelligence.

The growing significance of Business Intelligence (BI) is benefiting the market for data warehousing software. As a critical vehicle for delivering business intelligence, data warehousing enables consolidation of data from multiple sources with the aim of supporting tactical and strategic decision making. Data warehousing tools allow decision makers to send online queries and mine data critical in decision making. The data warehouse platform is the vital backbone that supports business intelligence and decision support systems. The need to integrate BI with other enterprise applications such as ERP, CRM SCM through real-time data warehousing therefore provides lucrative opportunities for on-demand data warehousing solutions.

The banking & financial services industry represents one of the major markets for data warehousing technology. These institutions are the largest contributors to enterprise data volumes and experience the highest level of data density among all industries. Banks and financial institutions traditionally use data warehousing solutions, advanced analytics and business intelligence solutions to undertake profitability analysis, fraud prevention and risk management. Regulatory obligations as ordained by the government contribute significantly towards increasing the size of an organization’s database by hundreds of gigabytes every day. The 2007-2009 world recession heralded a full scale overhaul of the old financial regulatory standards. The new financial compliance and governance standards such as Basel III make it mandatory for financial institutions to focus on risk assessment and analysis functions. With banks expected to start adopting key aspects of the revised Basel III framework, the new regulatory framework is projected to drive demand for advanced data warehousing and business intelligence solutions in the coming years.

As stated by the new market research report on Data Warehouse Management Software, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 12.2% over the analysis period. Growth in the region is led by steady economic growth, expanding enterprise market, increasing commercial activity, and rapidly growing retail, manufacturing, industrial, telecom, and healthcare sectors. A large number of companies in the region are increasingly migrating away from legacy mainframe computers. The ensuing establishment of new platforms, architectures, and tools, is expected to spur demand for advanced and sophisticated decision-support and executive information systems.

Major players covered in the report include Astera Software, EMC Corporation, Hewlett-Packard, Vertica Systems, Hexis Cyber Solutions Inc., HiT Software Inc., IBM Corporation, Informatica Corporation, Microsoft Corporation, Oracle Corporation, SAP AG, Sybase Inc., Software AG, SAS Institute Inc., and Teradata Corporation among others.

The research report titled “Data Warehouse Management Software: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for all major geographic markets including US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia & Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, & Rest of Asia-Pacific), Latin America, and Rest of World. Product Types analyzed in the report include Data Warehouse Database Management Software and Data Warehouse Integration Software. 

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more