The global Data Warehouse Management Software market is projected to reach US$16.9 billion by 2018, driven by growing focus on business intelligence and strong demand for next generation Data Warehouse Platforms.
The concept of data warehousing has today evolved from its traditional confines of being a simple, central repository of corporate data towards being a vital platform for storing, and reporting of information for supporting predictive analysis and business intelligence. The evolution is reflective of the growing shift in preference from data capture and storage to information that can facilitate informed and quick decision making. The growing importance of data warehousing solutions is reflected in the rise in the number of Business Intelligence environments integrated with data warehouses (DW), and data marts (DM). Key business drivers influencing the adoption of data warehousing technologies include intensifying competition, increasingly shorter product lifecycles, need for optimization of available data resources and growing awareness of the hidden value trapped in corporate data.
With digital data generated by enterprises growing by the day, next generation data warehouse platforms are witnessing increased adoption and growth. Data warehouse appliances, software appliances and data warehousing solutions based on columnar databases are few of the new generation data warehouse solutions making headway in the market. Data warehouse vendors are focusing on packing more features into their solutions especially into the database to enable handling of larger volumes of data.
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