The emergence of the data warehouse (DWH) is transforming the business information management landscape. It was previously restricted to manual methods and complex & bulky spreadsheets that were largely inaccessible to general users. You would agree that this exponential and rapid growth in the cloud data warehouse market has made companies realize the value of the data they generate.
Today forward-thinking enterprises migrated their data and systems to the cloud while expanding their network and markets. And this led to the rise of the cloud DWH. As we move ahead, the future of data warehousing continues to show a positive trend with the cloud data warehouse market growing at an incredible pace of 23% CAGR and will reach $12.9 billion by the end of 2026.
Growth in the cloud market is happening steadily, with enterprises of all sizes reaping the benefits of the cloud. This results in improved performance and service resiliency.
There has been a significant upside from the below factors:
With enterprises on their journey for modernization, listed below are some of the important trends in data warehousing that will help shape their cloud-based data journey.
Modern cloud data warehouse tools have made it easy and affordable primarily to do two things — 1) store data in the cloud, 2) query data using SQL for analysis & activation purposes. And soon, all enterprises will start investing in cloud data warehouses that will serve as a hub for deriving value through insights. It will serve as an epicenter for data sharing for different use cases across enterprise circuits. While performance will continue to be one of the critical evaluation criteria, it will enable enterprises with faster and more real-time decision-making.
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