Global Enterprise Data Warehouse Market is Expected to Grow at High CAGR From 2016 – 2027
Research Reports
Jan 06, 2021
The enterprise data warehouse (EDW) market is garnering substantial traction globally. The market growth attributes to the augmenting demand for efficient solutions for challenging mining data and analyzing information across the industries. Healthcare systems and healthcare organizations have become more aware of the need to leverage all of their data to support new population health management initiatives.
Moreover, increasing demand for robust warehouse management solutions from the defense and online retailing sector escalates market growth. According to the market research future, the global enterprise data warehouse (EDW) market is poised to create exponential accruals by 2027, growing at an impressive CAGR throughout the review period (2016-2027).
Additionally, increasing digital transformation, consulting, and business reengineering services & solutions influence the market growth, delivering turnkey solutions that greatly accelerate the migration of premises-based enterprise data warehouse (EDW) and Hadoop environments to the cloud. Technological upgrades such as end-to-end solutions and services for EDO2 boost market growth.
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Global Enterprise Data Warehouse Market – Competitive Analysis
Highly competitive, the global EDW market appears fragmented, with several well-established players forming a competitive landscape. To gain a larger competitive share, industry players incorporate strategic initiatives, such as mergers & acquisitions, collaborations, expansion, and product/technology launch. Technology providers focus on improving their market performance and the expansion of the global footprint. They make substantial investments for product development and expansion. They also employ a continuous improvement strategy to analyze and update the software, implementing improvements, and launch new technologies.
Major Players:
Players leading the EDW market include Seven Technologies, Health Catalyst, Teradata, Tata Consultancy Services (TCS), Cognilytics, Fusion Consulting, Citius Tech, and Amitech, among others.
Industry/Innovation/Related News:
September 02, 2020 —- Majesco (the US), a global leader of cloud insurance software solutions, announced that CapSpecialty (the US), a leading provider of specialty insurance for small-to-mid-sized businesses, has successfully upgraded Majesco Billing for P&C to Version 11 on Majesco CloudInsurer®. Additionally, CapSpecialty has implemented Majesco Enterprise Data Warehouse (EDW) and Majesco Digital1st Electronic Billing &Payments (EBP) applications, reconfirming its long-term partnership with Majesco.
On June 30, 2020, Majesco had released the insurance data & analytics platform. Additional several enhancements to Majesco Enterprise Data Warehouse (EDW) and Majesco Business Analytics (MBA) components enhance performance & security measures, DevOps support, and operational efficiencies.
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