Key drivers in the global data warehousing industry include the increasing amount of data generated by organizations
Global Data Warehousing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 18:01:03
The Global Data Warehousing market to grow at a CAGR of 11.16 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing amount of data generated by organizations. The Global Data Warehousing market has also been witnessing the increasing popularity of cloud computing technology. However, the difficulty in managing and improving data quality could pose a challenge to the growth of this market.
In recent years, the high adoption of cloud computing technology by enterprises has been one of the emerging trends in the Global Data Warehousing market. Cloud-based data warehousing acts as an infrastructure design with a higher potential than traditional data warehouse deployment methods. Thus, organizations can use their private cloud for supporting their data warehouse and analytics. Budget constraints for IT, insufficient time to build in-house software, and cost advantages attached to hosted or on-demand software subscriptions are the primary factors responsible for the increased adoption of cloud-based data warehousing solutions by enterprises. In addition, cloud services do not have overhead costs of space, power, and cooling that are generally incurred with the deployment of traditional in-house data warehouse solutions.
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