The latest report by IMARC Group, titled “Active Data Warehousing Market Report by Deployment Mode (Cloud-based, On-premises), Enterprise Size (Large Enterprise, Small and Medium-Sized Enterprises), Industry Vertical (BSFI, Healthcare, Manufacturing, IT and Telecommunication, Government and Public Sector, Retail, Media and Entertainment, and Others), and Region 2023-2028,” finds that the global active data warehousing market size reached US$ 9.94 Billion in 2022. Active data warehousing is a dynamic approach to managing and utilizing data within an organization's data warehouse. It introduces real-time or near-real-time data processing and integration capabilities that are actively updated and transformed as new information becomes available. It allows businesses to make informed decisions promptly and adapt to rapidly changing market conditions. It incorporates data integration tools and processes that continuously update the warehouse with fresh data from various sources, ensuring decision-makers can access the most current information. Additionally, it allows businesses to perform real-time analytics, enabling them to identify trends, anomalies, and opportunities as they happen. It can also respond to predefined events or triggers, such as stock price fluctuations or customer interactions, and can automatically trigger actions or alerts when these events occur. Nowadays, active data warehousing ensures data accuracy, security, and compliance with global regulations.
Global Active Data Warehousing Market Trends:
The market is primarily driven by the growing healthcare industry. In addition, the increasing use of active data warehousing by healthcare providers to utilize real-time data for patient monitoring, treatment recommendations, and resource allocation, thus influencing the market growth. Along with this, it aids in continuous patient monitoring and provides real-time data on vital signs, enabling healthcare providers to respond immediately to critical changes and recommend treatments based on the latest patient data, thus augmenting the market growth. Moreover, the widespread adoption of active data warehousing by telecom companies to analyze real-time data to improve network performance, customer service, and marketing efforts represents another major growth-inducing factor. In addition, telecommunications companies rely on active data warehousing to monitor network performance in real-time, identifying and addressing issues promptly to maintain network reliability and provide better customer service by understanding customer behavior and preferences, which can lead to more personalized offerings, thus influencing market growth. Besides this, the escalating demand for active warehousing data by manufacturers to monitor production lines, predict equipment maintenance needs and ensure product quality, thus accelerating sales demand. Also, manufacturers monitor production lines in real-time to identify bottlenecks, reduce downtime, and optimize manufacturing processes for higher efficiency, and active data warehousing helps predict when machinery and equipment require maintenance, reducing unexpected breakdowns and production interruptions, thus contributing to market growth. Furthermore, the rising application of active data warehousing in the financial sector to detect fraudulent transactions and activities promptly and use real-time data to assess credit risk, market risk, and insurance claims, helping them make informed decisions to curb potential losses, thus creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 16.82 Billion by 2028, exhibiting a CAGR of 8.80% during the forecast period (2023-2028).
- Based on the deployment mode, the market has been bifurcated into cloud-based and on-premises. Currently, on-premises exhibits a clear dominance in the market.
- On the basis of the enterprise size, the market has been divided into large, and small and medium-sized enterprises. Presently, large enterprises account for the largest market share.
- Based on the industry vertical, the market has been classified into BFSI, healthcare, manufacturing, IT and telecommunication, government and public sector, retail, media and entertainment, and others. At present, BFSI represents the leading market segment.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Among these, North America holds the leading position in the market.
- The competitive landscape of the industry has also been examined in the report, with some of the key players being Amazon Web Services Inc. (Amazon.com, Inc.), Cloudera Inc. (Sky Parent Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Snowflake Computing Inc., Teradata Corporation, and VMware Inc.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Deployment Mode
- Enterprise Size
- Industry Vertical
|Deployment Modes Covered
|Enterprise Sizes Covered
||Large Enterprise, Small and Medium-Sized Enterprises
|Industry Verticals Covered
||BSFI, Healthcare, Manufacturing, IT and Telecommunication, Government and Public Sector, Retail, Media and Entertainment, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amazon Web Services Inc. (Amazon.com, Inc.), Cloudera Inc. (Sky Parent Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Snowflake Computing Inc., Teradata Corporation, VMware Inc., etc.
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||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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