Active data warehousing allows data manageability and increasing complexity especially in industry verticals such as finance, business, healthcare, and other, driving the demand for active data warehousing market.
The growth of big data analytics and business intelligence solutions has increased the need for adoption of data warehousing solutions, contributing to the market growth. Also, the increasing demand for low latency and high-speed analytics, with the penetration of smartphones, is generating a huge volume of data that requires additional capabilities, increasing the adoption of real-time data warehousing solutions in organizations.
However, high implementation cost and increase in cyber-threats is restraining the growth of active data warehousing market. Contrarily, rising demand for core technology and evolution of programming techniques such as MapReduce and Hadoop are expected to create various growth opportunities for the active data warehousing market.
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Big data has permitted business to expansion useful insights from unstructured data sources. Businesses are producing a huge amount of data which essentials to be managed on a real-time basis to make effective conclusions to drive the process, organizations across the world are accepting big data analytics which is one of the major factor motivating the active data warehousing market. Also, cloud data warehousing is interlink for carrying the world of arranged data from on-premises data warehouses composed with these progressive big data sources.
Sometimes organizations are unsure of choosing the best model fit for their business model requirement, so they opt for a hybrid approach where they store their data in an on-premise data center and use the cloud for data processing and analytics. Alternatively, they can also store the data in a cloud data warehouse and perform analytics on-premise.
The rapid implementation of the hybrid model is due to the investment an organization have made to set up on-premise software and hardware. Software and hardware infrastructure are expensive, and administrations are unwilling to remove those wealth expenditures it complete on them, just to transfer to the cloud. So, rather than transferring to the cloud infrastructure completely, the best possible alternative to integrate the hybrid model and usage both models for better efficiency and productivity in management.
Major players analyzed in the market include Amazon Web Services, Cloudera Inc., Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., International Business Machines Corporation, Microsoft Corporation,Oracle Corporation, SAP SE, Snowflake Inc., and Teradata Corporation.
Impact of COVID-19 on Active Data Warehousing Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global active data warehousing market in 2020.
- Currently, there are travel restrictions all around the globe to stop the spread of COVID-19, which has affected the active data warehousing market in a negative manner.
- Once the pandemic is over, it is estimated that businesses would resume their operations, providing the market a capability to bounce back and again start to grow, owing to restarting various warehouses.
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