The Active Data Warehousing (ADW) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Active Data Warehousing (ADW) Global Market Report 2024, The active data warehousing (adw) market size has grown rapidly in recent years. It will grow from $9.61 billion in 2023 to $10.74 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increasing data volumes, business intelligence adoption, demand for real-time analytics, growth in e-commerce, regulatory compliance requirements.
The active data warehousing (adw) market size is expected to see rapid growth in the next few years. It will grow to $16.83 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to cloud computing adoption, big data analytics expansion, rise in real-time decision-making needs, increased focus on data security and privacy, evolving regulatory landscape. Major trends in the forecast period include echnological advancements/innovations, integration of artificial intelligence (ai) in data warehousing, emergence of hybrid cloud data warehouses, demand for self-service data preparation tools, growing importance of data governance and quality.
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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The active data warehousing (adw) market covered in this report 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
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) market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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